General Electric Net Worth is$147.3 Billion
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Nicknames: GE, General Electric Company, General Electric
What is General Electrics net worth? General Electrics net worth is $147.300 billion. Like many major corporations, General Electric Company, also known GE, was formed from the merger of two smaller companies. In this case, the two companies were Thomas Edisons Edison General Electric, and the Thomas-Houston Electric Company run by Charles Coffin. Edison General Electric had the business contacts and the reputation, and Thomas-Houston had a huge number of patents. The two companies combined in 1892, and opened their headquarters in Schenectady, New York. GE began as a public company, and was one of the first publicly traded companies when the DOW Jones began operation in 1896. The company has led innovation in turbosuperchargers for aircraft use and energy generation from large wind turbines. In the late 50s, GE also began developing its own line of computing systems and software, but ended up abandoning research and development in the late 1960s. The company has since expanded into telecommunications and entertainment, and currently owns more than half of NBCUniversal. GE has a number of divisions, including GE Energy, GE Technology Infrastructure, and GE Capital. The company has come under fire for both environmental safety violations and apparent tax evasion. GE designed and built the nuclear reactors that fell apart in Japan after the 2011 earthquake and tsunami, and they have been accused of handling their toxic waste inappropriately. The company has been implementing various environmentally conscious initiatives since 2005 in an effort to improve its image. The company currently employs just over 300,000 people.
General Electric Company, or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States. The company operates through four segments: Energy, Technology Infrastructure, Capital Finance and Consumer & Industrial.
In 2011, GE ranked among the Fortune 500 as the 6th largest firm in the U.S. by gross revenue, as well as the 14th most profitable. However, the company is currently listed the 3rd largest in the world among the Forbes Global 2000, further metrics being taken into account. Other rankings for 2011/2012 include No. 7 company for leaders (Fortune), No. 5 best global brand (Interbrand), No. 63 green company (Newsweek), No. 15 most admired company (Fortune), and No. 19 most innovative company (Fast Company).
By 1890, Thomas Alva Edison had brought together several of his business interests under one corporation to form Edison General Electric. At about the same time, Thomson-Houston Electric Company, under the leadership of Charles Coffin, gained access to a number of key patents through the acquisition of a number of competitors. Subsequently, General Electric was formed by the 1892 merger of Edison General Electric of Schenectady, New York and Thomson-Houston Electric Company of Lynn, Massachusetts and both plants remain in operation under the GE banner to this day. The company was incorporated in New York, with the Schenectady plant as headquarters for many years thereafter. Around the same time, General Electric's Canadian counterpart, Canadian General Electric, was formed.
In 1896, General Electric was one of the original 12 companies listed on the newly formed Dow Jones Industrial Average and still remains after 116 years, the only one remaining on the Dow index. General Electric has however not been on the DOW continuously.
In 1911 the National Electric Lamp Association (NELA) was absorbed into General Electric's existing lighting business. GE then es

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General Electric Latest News

General Electric's Big Payout

Some investors grew worried the other day when news broke that GE would need to pay out $3.1 billion to Alstom this fall. This comes on the back of other large payouts, plus some struggling operations and lower-than-desired cash flow. However, the real ...
Posted: May 15, 2018, 4:46 pm

Nike, General Electric Lead the Dow Higher Wednesday

WTI crude oil for June delivery settled at $71.49 a barrel, up nearly 0.3% for the day. June gold added less than 0.1% on the day to settle at $1,291.50. U.S. inventories dropped last week, but not enough to push prices up much. Equities were headed for a ...
Posted: May 16, 2018, 1:02 pm

General Electric Shows Upside: Here's My Target

GE just broke the neckline of an inverse head-and-shoulder pattern – an extremely bullish signal for General Electric and has a calculated price target of $17.50 attached. While it may pause around the $15 level for a week, or so, upside should resume ...
Posted: May 17, 2018, 11:17 am
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