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

General Electric Net Worth, 3.3 out of 5 based on 9 ratings

General Electric Latest News

Investors Catching Stocks: General Electric Company (NYSE:GE)

General Electric Company (NYSE:GE) will report its next earnings on 20-Jan-17. The company reported the earnings of $0.32/Share in the last quarter where the estimated EPS by analysts was $0.3/share. The difference between the expected and actual EPS was $ ...
Posted: October 26, 2016, 9:57 pm

Portland General Electric Co. (POR) Announces $0.32 Quarterly Dividend

Portland General Electric Co. (NYSE:POR) announced a quarterly dividend on Wednesday, October 26th. Shareholders of record on Tuesday, December 27th will be given a dividend of 0.32 per share on Tuesday, January 17th. This represents a $1.28 dividend on an ...
Posted: October 27, 2016, 2:07 am

General Electric : GE Completes Upgrade Service to One of the World’s Most Famous Ocean Liners, Queen Mary 2

HAMBURG, GERMANY-October 27, 2016-GE's Marine Solutions (NYSE: GE) recently provided an extensive upgrade service to one of the world's most famous ocean liners, the Queen Mary 2 (QM2). The upgrade service with new technology supplied by GE was completed ...
Posted: October 27, 2016, 6:14 am
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