|
GE Capital
GE Capital was the financial services division of General Electric. Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial. Ultimately, only one division of the company remained, GE Energy Financial Services, which was transferred to GE Vernova when General Electric was broken up. Overview On July 8, 2013, the Financial Stability Oversight Council designated GE Capital as a "systemically important financial institution", which makes it subject to oversight by the Federal Reserve. In 2014, GE Capital had 35,000+ employees worldwide, operating in more than 40 countries, with total assets of US$499 billion. It was rated AA+ with stable outlook by S&P in 2012. GE Capital's subsidiaries also operated under the GE Money brand. Restructuring plan On April 10, 2015, Jeffrey R. Immelt, the CEO of General Electric, announced that GE would sell most of GE Capital over the next two years. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GE Aerospace
General Electric Company, doing business as GE Aerospace, is an American aircraft engine supplier that is headquartered in Evendale, Ohio, outside Cincinnati. It is the legal successor to the original General Electric Company founded in 1892, which split into three separate companies between November 2021 and April 2024, adopting the trade name GE Aerospace after divesting its healthcare and energy divisions. GE Aerospace both manufactures engines under its name and partners with other manufacturers to produce engines. CFM International, the world's leading supplier of aircraft engines and GE's most successful partnership, is a 50/50 joint venture with the French company Safran Aircraft Engines. As of 2020, CFM International holds 39% of the world's commercial aircraft engine market share (while GE Aerospace itself holds a further 14%). GE Aerospace's main competitors in the engine market are Pratt & Whitney and Rolls-Royce. The division operated under the name of General Elec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Electric Company
The General Electric Company (GEC) was a major British industrial conglomerate involved in consumer and Arms industry, defence electronics, communications, and engineering. It was originally founded in 1886 as G. Binswanger and Company as an electrical goods wholesaler based in London. It quickly adopted a then-unorthodox business model of supplying electrical components over the counter. In 1889, the business was incorporated as the General Electric Company Ltd, and became a public limited company 11 years later. During the 1890s and 1900s, the company heavily invested into electric lighting, a sector that proved to be immensely profitable in the long term. The GEC was heavily impacted by the outbreak of the First World War, supplying various goods to the military, and thus becoming a major player in the electrical industry. In 1921, a new purpose-built company headquarters (Magnet House) was opened in Kingsway, London; two years later, GEC's industrial research laboratories at ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GE Power
GE Power (formerly known as GE Energy) was an American energy technology company owned by General Electric (GE). In April 2024, GE completed the spin-off of GE Power into a separate company, GE Vernova. Following this, General Electric ceased to exist as a conglomerate and pivoted to aviation, rebranding as GE Aerospace. Structure As of July 2019, GE Power is divided into the following divisions: * GE Gas Power (formerly Alstom Power Turbomachines), based in Atlanta, Georgia. ** Gas turbines ** Heat recovery steam generators (HRSG) * GE Steam Power (formerly Alstom Power Systems), based in Baden, Switzerland. ** Steam turbines ** Electric generators ** Boilers ** Air Quality Control Systems (AQCS) * GE Power Conversion (formerly Converteam), based in Paris, France. * GE Energy Consulting History GE Power Systems GE Power Systems was a division of General Electric operating as supplier of power generation technology, energy services and energy management and also i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GE Appliances
GE Appliances is an American home appliance manufacturer based in Louisville, Kentucky. It operates as an independent subsidiary of Chinese Haier Smart Home Company, a publicly traded affiliate of Haier, after an acquisition from General Electric in 2016. Haier has the right to use the GE brand name until 2056. GE Appliances is one of the largest appliance companies in the United States and manufactures appliances under several brands, including GE, GE Profile, Café, Monogram, Haier and Hotpoint (Americas only, European rights held by Whirlpool Corporation). The company also owns FirstBuild, a co-creation community and micro-factory on the University of Louisville's campus in Louisville, Kentucky. Another FirstBuild location is in South Korea, and a FirstBuild location in India opened its doors in 2019. GE Appliances has a long history of cooking innovation and is responsible for creating the first self-cleaning oven as well as the first over-the-range microwave. GE Applianc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GE Vernova
GE Vernova, Inc., is an energy equipment manufacturing and services company headquartered in Cambridge, Massachusetts. GE Vernova was formed from the merger and subsequent spin-off of General Electric's energy businesses in 2024: GE Power, GE Renewable Energy, GE Digital and GE Energy Financial Services. History Founding of GE Power GE Power was founded as GE Energy, and was a division of General Electric. GE Energy was headquartered in Atlanta, Georgia. GE Energy was founded in 2008, as part of a company-wide reorganization prompted by financial losses leading to the formation from GE Infrastructure division. In 2012, General Electric's GE Power division was created following the spin-off of GE Energy. Acquisition of Alstom's energy business Between April and June 2014, General Electric entered into negotiations to acquire the energy business of the French group Alstom. On April 24, 2014, the first information was published about General Electric's partial takeove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GE Digital
GE Digital is a subsidiary of American energy conglomerate GE Vernova. Headquartered in San Ramon, California, the company provides software and industrial internet of things (IIoT) services to industrial companies. GE Digital's primary focus is to provide industrial software and services in four markets: * Manufacturing applications serving discrete and process industries, as well as water utilities and economy-scale digital transformation projects * Electric and Telecommunications Utilities * Oil & Gas industry and related adjacent markets (petrochemicals, chemicals manufacturing) * Power generation (gas, steam, solar, wind, hydro and related balance of plant operations and service support); History 1980–2010: Automation Software * 1980: GE introduces the first Ethernet-enabled protection relay, a device that detects faults in systems. * 1986: GE and FANUC enter into a joint venture to create GE Fanuc Automation Corporation, which manufactures programmable logic con ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jack Welch
John Francis Welch Jr. (November 19, 1935 – March 1, 2020) was an American business executive, chemical engineer, and writer. He was Chairman and CEO of General Electric (GE) between 1981 and 2001. His long career at General Electric (GE) has left a polarizing legacy. Some people view these changes as necessary and have adopted his philosophy at other companies to keep what they view as a productive workforce. These decisions to adapt GE to a financial company have been poor for investors; Critics argue that his cut-throat work culture is responsible for the modern American capitalist philosophy of constant turnover and has decreased job stability in the United States since the 1980s. This culture has been adopted at many companies, such as Amazon and Uline. When Welch retired from GE, he received a severance payment of $417 million, the largest such payment in business history up to that point. In 2006, Welch's net worth was estimated at $720 million. Early life and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GE Renewable Energy
GE Renewable Energy was a manufacturing and services division of the American company General Electric. It is headquartered in Boulogne-Billancourt, near Paris, France and focuses on the production of energy systems that use renewable sources. Its products include wind ( onshore and offshore), hydroelectric and solar ( concentrated and photovoltaic) power generating facilities. In 2024, GE Renewable Energy and GE Power merged to create GE Vernova, a company completely independent of General Electric, which ceases to exist as a conglomerate (refocusing on aerospace as GE Aerospace). History GE Renewable Energy was created in 2015, combining the wind power assets GE purchased from Alstom with those previously owned by GE and operated under the Power & Water division. Upon the division's creation, the headquarters of GE Renewable Energy moved from Schenectady, New York to Paris, France, part of conditions for the Alstom purchase. In 2021 plan to splitting GE into three new pub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GE Aerospace Research
GE Aerospace Research, formerly GE Research, is the research and development division of GE Aerospace. Before 2024, it was a division of the General Electric Company, which split three ways between 2023 and 2024 and pivoted to aviation. GE Global Research locations include the Global Research Center in Niskayuna, New York, established as the General Electric Research Laboratory in Schenectady in 1900 and relocated to Niskayuna in 1955 (this site is also known as the Knolls Laboratory, to distinguish it from the original Schenectady location – it is adjacent to the Knolls Atomic Power Laboratory), and the John F. Welch Technology Centre in Bangalore, India, established in 2000. Notable employees Researchers at GE Global Research include: * Ralph Alpher, cosmologist * William David Coolidge, physicist * Ivar Giaever, Nobel Laureate, physicist *Juris Hartmanis, Turing Award winner, computer scientist * Christopher J. Hardy, industrial physicist *Irving Langmuir, Nobel Laurea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Schenectady, New York
Schenectady ( ) is a City (New York), city in Schenectady County, New York, United States, of which it is the county seat. As of the United States Census 2020, 2020 census, the city's population of 67,047 made it the state's ninth-most populous city and the twenty-fifth most-populous municipality. The city is in eastern New York, near the confluence of the Mohawk River, Mohawk and Hudson River, Hudson rivers. It is in the same Capital District (New York), metropolitan area as the state capital, Albany, New York, Albany, which is about southeast. Schenectady was founded on the south side of the Mohawk River by Dutch colonists in the 17th century, many of whom came from the Albany area. The name "Schenectady" is derived from the Mohawk language, Mohawk word ''skahnéhtati'', meaning "beyond the pines" and used for the area around Albany, New York. Residents of the new village developed farms on strip plots along the river. Union College, the first non-denominational institut ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gerard Swope
Gerard Swope (December 1, 1872 – November 20, 1957) was an American electronics businessman. He served as the president of General Electric Company between 1922 and 1940, and again from 1942 until 1945. During this time Swope expanded GE's product offerings, reorienting GE toward consumer home appliances, and offering consumer credit services. Biography Swope was born in St. Louis, Missouri, to Ida and Isaac Swope, Jewish immigrants from Germany. He graduated from the Massachusetts Institute of Technology in 1895. He married Mary Dayton Hill. He was the brother of Herbert Bayard Swope, and father of Henrietta Swope and John Swope, the Hollywood and Life Magazine photographer who married actress Dorothy McGuire. He is possibly best known for his labor relations innovations. At General Electric, Swope implemented numerous labor reforms, making conditions better for employees with voluntary unemployment insurance, profit-sharing, and other programs that were considered radic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
