General Electric 3135 Easton Turnpike Fairfield, CT 06825 10019-3737 Voice (203) 373-2211 www.ge.

com GE currently holds an 80% stake in NBC Universal and Vivendi the other 20%, which it has agreed to sell to GE. GE and Comcast have agreed to form a new join t venture of NBC Universal businesses and Comcast media properties that will be 51% owned by Comcast and 49% owned by GE. Comcast will manage the new venture. * Holdings * Timeline 1878 Thomas Edison forms Edison Electric Light Company 1892 Edison General Electric Company merges with Thomson-Houston Electric Company to create General Electric Company 1897 Wireless Telegraph and Signal Company formed by Guglielmo Marconi 1901 Emile Berliner and Eldridge Johnson form the Victor Talking Machine Company 1906 David Sarnoff begins working at American Marconi 1917 U.S. Government begins using GE produced aircraft engines 1919 Radio Corporation of America (RCA) is created. RCA is formed after the U.S. Government gives control of the wireless industry back to the public sector foll owing World War I. RCA gains the assets of American Marconi and becomes the cont rolling body of the patents belonging to General Electric, Westinghouse, United Fruit and AT&T 1926 National Broadcasting Corporation (NBC) formed. Sarnoff sees the potential o f a nationwide network of radio stations and gets RCA, GE and Westinghouse to in vest in the acquisition of WEAF in New York City and WJZ in Newark NBC's "Red" and "Blue" networks respectively -as the flagship stations for t he new NBC Radio network 1927 NBC Radio broadcasts the Rose Bowl to nationwide audience 1929 RCA purchases Victor Talking Machine Company of Camden, NJ for $154 million and begins manufacturing radios and phonographs 1932 Due to concerns of a growing monopoly, GE and Westinghouse sell off stake in RCA 1939 NBC introduces television broadcasting at the World's Fair in New York City 1941 Federal Communications Commission releases its Report on Chain Broadcasting. The report is critical of the growth of broadcast networks and proposes that NB C sell off one of its two networks NBC Red & NBC Blue 1941 NBC receives first license for a commercial television station 1943 After losing court battles with the FCC over the demand to divest one off it s networks, RCA sells of NBC Blue Network to Edward Noble, lifesavers candy crea tor. Network eventually becomes ABC 1954

NBC has first color telecast of Rose Bowl parade. Very few people actually s ee the telecast because there are not that many color sets in use 1966 RCA purchases Random House 1973 RCA purchases Ballantine Books becomes part of Random House 1980 RCA sells of Random House to S. I. Newhouse's Advance Publications 1985 GE acquires NBC as part of a $6.3 billion for RCA 1986 - GE sells RCA's music division to Bertelsmann 1989 CNBC is formed 1996 MSNBC is launched. Cable news network is a joint partnership between GE and Microsoft 1997 CNBC Asia and Europe are formed. 1999 GE gains 32% stake in Paxson Communications and its PAX TV network 2002 Telemundo Communications Group is acquired for $2.7 billion in a deal with a n investment group that includes Sony and Liberty Media. In a separate deal, Bra vo Network is acquired from a deal with Cablevision and MGM for $1.25 billion 2003 Deal announced between GE and Vivendi Universal to create NBC Universal. In the deal, GE acquires Vivendi Universal's entertainment holdings which include t heme parks and Universal Pictures' movie and television studios, and three cable channels (NYT 10/9/03) Television NBC Local Media Division WMAQ (Chicago, IL) KXAS (Dallas/Fort Worth, TX) WVIT (Hartford, CT) KNBC (Los Angeles,CA) WTVJ (Miami, FL) WNBC (New York, NY) WCAU (Philadelphia, PA) KNSD (San Diego, CA) KNTV (San Jose, CA) WRC (Washington D.C.) Telemundo Stations WNEU (Boston/Merrimack, MA) WSNS (Chicago, IL) KXTX (Dallas/Fort Worth, TX) KMAS (Denver, CO) KNSO (Fresno, CA) KTMD (Houston, TX) KBLR (Las Vegas, NV) KVEA/KWHY (Los Angeles,CA) WSCV (Miami, FL) WNJU (New York, NY) KTAZ (Phoenix, AZ) WKAQ (Puerto Rico) KVDA (San Antonio, TX) KSTS (San Francisco/San Jose, CA) KHRR (Tucson, AZ)

Independent Station KWHY (Los Angeles, CA) Networks and Other Television Properties Bravo Chiller CNBC MSNBC NBC Entertainment NBC News NBC Sports & Olympics Oxygen Sleuth Syfy Telemundo Universal HD USA Network Weather Channel NBC Universal Media Studios Universal Networks International 13th Street Universal Diva Universal KidsCo Movies 24 Studio Universal Syfy Universal Universal Channel Film Universal Pictures Focus Features and Focus Features International Universal Studios Home Entertainment Online Properties iVillage mun2 Theme Parks Universal Parks & Resorts Peacock Equity Portfolio Investments include: Bigpoint Healthline Trion 4INFO BlogHer Vivox Greystripe Rubicon Project Other General Electric Businesses GE Appliances GE Aviation GE Consumer Products GE Electrical Distribution GE Energy GE Finance - Business GE Finance - Consumer GE Healthcare GE Lighting GE Oil & Gas GE Rail GE Software & Services GE Water Other holdings

RCA COMCAST CABLE %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% %%%%%%%%%%%% General Electric From Wikipedia, the free encyclopedia Jump to: navigation, search "GE" redirects here. For other uses of "GE", see Ge (disambiguation). Not to be confused with the former British company General Electric Company plc (GEC). General Electric Company General Electric logo.svg Type Public Dow Jones Industrial Average Component Traded as NYSE: GE Industry Conglomerate Founded Schenectady, New York (1892) Founder(s) Thomas Edison Elihu Thomson Edwin J. Houston Charles A. Coffin Headquarters 3135 Easton Turnpike Fairfield, Connecticut, U.S.[1] Area served Worldwide Key people Jeffrey R. Immelt (Chairman and CEO) Jack Welch (Former Chairman and CEO 1981-2001) Products Appliances Aviation Consumer Electronics Electrical distribution Energy Entertainment Finance Gas Healthcare Lighting Locomotives Oil Software Water Weapons Wind turbines Revenue decrease US$ 104.635 billion (2010)[2] Operating income increase US$ 15.166 billion (2010)[2] Net income increase US$ 12.163 billion (2010)[2] Total assets decrease US$ 751.216 billion (2010)[2] Total equity decrease US$ 124.198 billion (2010)[2] Employees 287,000 (2010)[2] Subsidiaries GE Energy GE Technology Infrastructure GE Capital NBCUniversal (49%) GE Home & Business Solutions Website GE.com Street entrance to GE Headquarters in Fairfield, Connecticut The original version of General Electric's circular logo and trademark. The trad emark application was filed on July 24, 1899, and registered on September 18, 19 00 The General Electric Company, or GE (NYSE: GE), is an American multinational con

glomerate corporation incorporated in New York.[3] The Company operates through five segments: Energy Infrastructure, Technology Infrastructure, Capital Finance and Consumer & Industrial.[4] In 2010, Forbes ranked GE as the world's second l argest company after JPMorgan Chase,[5] based on a formula that compared the tot al sales, profits, assets, and market value of several multinational companies.[ 6] The company has 287,000 employees around the world.[2] Contents [hide] * 1 History o 1.1 Formation o 1.2 Public company o 1.3 RCA o 1.4 Power generation o 1.5 Computing o 1.6 Acquisitions * 2 Corporate affairs o 2.1 CEO o 2.2 Brand o 2.3 Businesses o 2.4 Corporate recognition * 3 Recent Controversies * 4 Environmental record * 5 Environmental initiatives * 6 Educational initiatives * 7 Legal issues * 8 Media depiction * 9 In fiction * 10 See also * 11 References * 12 Further reading * 13 External links o 13.1 Video clips [edit] History Further information: General Electric timeline [edit] Formation By 1890, Thomas Edison had brought together several of his business interests un der one corporation to form Edison General Electric. At about the same time, Tho mson-Houston Electric Company, under the leadership of Charles A. Coffin, gained access to a number of key patents through the acquisition of a number of compet itors. Subsequently, General Electric was formed by the 1892 merger of Edison Ge neral 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.[7] The company was incorporated in New York, with the Schenectady plan t as headquarters for many years thereafter. Around the same time, General Elect ric's Canadian counterpart, Canadian General Electric, was formed. [edit] Public company In 1896, General Electric was one of the original 12 companies listed on the new ly formed Dow Jones Industrial Average and still remains after 114 years, the on ly one remaining on the Dow (though it has not continuously been in the DOW inde x). 23 Ton diesel electric locomotive made at the General Electric Corp. plant in Sc henectady, New York In 1911 the National Electric Lamp Association (NELA) was absorbed into General Electric's existing lighting business. GE then established its lighting division headquarters at Nela Park in East Cleveland, Ohio. Nela Park is still the headq

uarters for GE's lighting business. In 1935, GE was one of the top 30 companies traded at the London Stock Exchange.[8] [edit] RCA Main article: Radio Corporation of America The Radio Corporation of America (RCA) was founded by GE in 1919 to further inte rnational radio. GE used RCA as its retail arm for radio sales from 1919, when G E began production, until separation in 1930.[9] RCA would quickly grow into an industrial giant of its own. [edit] Power generation See also: GE Wind Energy GE's long history of working with turbines in the power generation field gave th em the engineering know-how to move into the new field of aircraft turbosupercha rgers. Led by Sanford Moss, GE introduced the first superchargers during World W ar I, and continued to develop them during the Interwar period. They became indi spensable in the years immediately prior to World War II, and GE was the world l eader in exhaust-driven supercharging when the war started. This experience, in turn, made GE a natural selection to develop the Whittle W.1 jet engine that was demonstrated in the United States in 1941. Although their early work with Whitt le's designs was later handed to Allison Engine Company, GE Aviation emerged as one of the world's largest engine manufacturers, second only to the well-founded , and older, British company; Rolls-Royce plc, which led the way in innovative, reliable and efficient, high-performance, heavy-duty, jet engine design and manu facture. In 2002 GE acquired the wind power assets of Enron during its bankruptcy proceed ings.[10] Enron Wind was the only surviving U.S. manufacturer of large wind turb ines at the time, and GE increased engineering and supplies for the Wind Divisio n and doubled the annual sales to $1.2 billion in 2003.[11] It acquired ScanWind in 2009.[12] Some consumers boycotted GE light bulbs, refrigerators and other products in the 1980s and 1990s to protest GE s role in nuclear weapons production.[13] [edit] Computing GE was one of the eight major computer companies through all of the 1960s with I BM, the largest, called "Snow White" followed by the "Seven Dwarfs": Burroughs, NCR, Control Data Corporation, Honeywell, RCA, UNIVAC and GE. GE had an extensive line of general purpose and special purpose computers. Among them were the GE 200, GE 400, and GE 600 series general purpose computers, the GE 4010, GE 4020, and GE 4060 real time process control computers, the Datanet 3 0 and Datanet 355 message switching computers (Datanet 30 and 355 were also used as front end processors for GE mainframe computers).A Datanet 500 computer was designed, but never sold. It has been said that GE got into computer manufacturing because in the 1950s th ey were the largest user of computers outside of the United States federal gover nment. In 1970 GE sold its computer division to Honeywell. [edit] Acquisitions The template below (Ref improve section) is being considered for deletion. See t emplates for discussion to help reach a consensus. Question book-new.svg This section needs additional citations for verification. Please help improve this article by adding reliable references. Unsourced materi al may be challenged and removed. (December 2009) For a complete list of acquisitions and divestitures, see General Electric t imeline

In 1986 GE reacquired RCA, primarily for the NBC television network (also parent of Telemundo Communications Group), The remainder was sold to various companies , including Bertelsmann (Bertelsmann acquired RCA Records) and Thomson SA which, ironically, traces its roots to Thomson-Houston, one of the original components of GE. In 2002 Francisco Partners and Norwest Venture Partners acquired a division of G E called GE Information Systems (GEIS). The new company, named GXS, is based in Gaithersburg, Maryland. GXS is a leading provider of B2B e-Commerce solutions. G E maintains a minority ownership position in GXS. Also in 2002, GE bought wind turbine manufacturing assets of Enron Wind after th e Enron scandals.[14] In 2004 GE bought 80% of Universal Pictures from Vivendi. Vivendi bought 20% of NBC forming the company NBCUniversal. GE then owned 80% of NBCUniversal and Vive ndi owned 20%. As of January 28, 2011 GE owns 49% and Comcast 51%. In 2004 GE completed the spin-off of most of its mortgage and life insurance ass ets into an independent company, Genworth Financial, based in Richmond, Virginia . Genpact formerly known as GE Capital International Services (GECIS) was establis hed by GE in late 1997 as its captive India based BPO. GE sold 60% stake in Genp act to General Atlantic and Oak Hill Capital Partners in 2005 and hived off Genp act into an independent business. GE is still a major client to Genpact getting its services in customer service, finance, information technology and analytics. GE Plastics was sold in 2007 to SABIC. In May 2007, GE acquired Smiths Aerospace for $4.8 billion. In May 2008, GE announced it was exploring options for divesting the bulk of its Consumer and Industrial business. General Electric's Schenectady, New York facilities (including GE's original hea dquarters) are assigned the ZIP code 12345. (All Schenectady ZIP codes begin wit h 123, but no others begin with 1234.) On December 3, 2009, it was announced that NBCUniversal will become a joint vent ure between GE and cable television operator Comcast. The cable giant will hold a controlling interest in the company, while GE retains a 49% stake and will buy out shares currently owned by Vivendi.[15] Vivendi will sell its 20% stake in NBCUniversal to GE for US$5.8 billion. Vivend i will sell 7.66% of NBCUniversal to GE for US$2 billion if the GE/Comcast deal is not completed by September 2010 and then sell the remaining 12.34% stake of N BCUniversal to GE for US$3.8 billion when the deal is completed or to the public via an IPO if the deal is not completed.[16][17] On March 1, 2010, General Electric (GE) announced that the company is planning t o sell its 20.85% stake in Turkey-based Garanti Bank.[18] In August 2010, GE Healthcare signed a strategic partnership to bring cardiovasc ular Computed Tomography (CT) technology from start-up Arineta Ltd. of Israel to the hospital market.[19] In October 2010, General Electric acquired gas engines manufacture Dresser Inc. for a $3 billion deal and also bought a $1.6 billion portfolio of retail credit

cards from Citigroup Inc. This is the first major deal since the start of the fi nancial crisis.[20] On October 14, 2010, GE announced acquisition of data migration & SCADA simulati on specialists Opal Software.[21] December 2010: For the second times of this year (after Dresser acquisition), Ge neral Electric Co. buy oil sector company British Wellstream Holding Plc. an oil drilling pipe maker for 800 million pounds ($1.3 billion).[22] February 2011: The company has agreed to buy the well-support division of John W ood Group Plc for about $2.8 billion. It is another aggressive moves recently of GE Oil & Gas made GE's acquisition was the largest of oil-service unit world wi de in 2010.[23] March 2011: GE announced it has completed the acquisition of privately-held Line age Power Holdings, Inc., from The Gores Group, LLC. [24] GE Capital sold its $2 billion dollar Mexican assets to Santander for $162 milli on and exit the business in Mexico. Santander will additionally assume the portf olio debts of GE Capital in the country. The transaction will be finished at fir st half of 2011. GE Capital will focus in the core business and will shed its no n-core assets.[25] [edit] Corporate affairs Classic GE neon sign GE is a multinational conglomerate headquartered in Fairfield, Connecticut. Its New York main offices are located at 30 Rockefeller Plaza in Rockefeller Center, known as the GE Building for the prominent GE logo on the roof. NBC's headquart ers and main studios are also located in the building. Through its RCA subsidiar y, it has been associated with the Center since its construction in the 1930s. The company describes itself as composed of a number of primary business units o r "businesses." Each unit is itself a vast enterprise, many of which would, even as a standalone company, rank in the Fortune 500[citation needed]. The list of GE businesses varies over time as the result of acquisitions, divestitures and r eorganizations. GE's tax return is the largest return filed in the United States ; the 2005 return was approximately 24,000 pages when printed out, and 237 megab ytes when submitted electronically.[26] The company also "spends more on U.S. lo bbying than any other company."[27] In 2005 GE launched its "Ecomagination" initiative in an attempt to position its elf as a "green" company. GE is currently one of the biggest players in the wind power industry, and it is also developing new environment-friendly products suc h as hybrid locomotives, desalination and water reuse solutions, and photovoltai c cells. The company "plans to build the largest solar-panel-making factory in t he U.S.,"[27] and has set goals for its subsidiaries to lower their greenhouse g as emissions.[28] On May 21, 2007, GE announced it would sell its GE Plastics division to petroche micals manufacturer SABIC for net proceeds of $11.6 billion. The transaction too k place on August 31, 2007, and the company name changed to SABIC Innovative Pla stics, with Brian Gladden as CEO.[29] [edit] CEO Main article: Jeffrey Immelt Jeffrey Immelt is the current chairman of the board and chief executive officer of GE. He was selected by GE's Board of Directors in 2000 to replace John Franci s Welch Jr. (Jack Welch) following his retirement. Previously, Immelt had headed GE's Medical Systems division (now GE Healthcare) as its President and CEO. He

has been with GE since 1982 and is on the board of two non-profit organizations. His tenure as the Chairman and CEO started at a time of crisis he took over the role on September 7, 2001[30] four days before the terrorist attacks on the Unit ed States, which killed two employees and cost GE's insurance business $600 mill ion as well as having a direct effect on the company's Aircraft Engines sector. Immelt has also been selected as one of President Obama's financial advisors con cerning the economic rescue plan. [edit] Brand GE has the fourth most recognized brand in the world, worth almost $48 billion.[ 31] CEO Jeffrey Immelt had a set of changes in the presentation of the brand commiss ioned in 2004, after he took the reins as chairman, to unify the diversified bus inesses of GE. The changes included a new corporate color palette, small modific ations to the GE Logo, a new customized font (GE Inspira), and a new slogan, "im agination at work" replacing the longtime slogan "we bring good things to life", composed by David Lucas. The standard requires many headlines to be lowercased and adds visual "white space" to documents and advertising to promote an open an d approachable company. The changes were designed by Wolff Olins and are used ex tensively on GE's marketing, literature and website. [edit] Businesses Main article: List of assets owned by General Electric GE's divisions include GE Capital, GE Energy, GE Technology Infrastructure, and GE Home & Business Solutions Through these businesses, GE participates in a wide variety of markets including the generation, transmission and distribution of electricity (e.g. nuclear, gas and solar), lighting, industrial automation, medical imaging equipment, motors, railway locomotives, aircraft jet engines, and aviation services. It co-owns NB CUniversal with Comcast. Through GE Commercial Finance, GE Consumer Finance, GE Equipment Services, and GE Insurance it offers a range of financial services as well. It has a presence in over 100 countries. GE gauges to control a railway locomotive at a museum near Saskatoon, Canada[32] GE also produces General Imaging digital cameras.[33] In 2010, General Imaging r eleased the Bridge Camera GE X5 with 14MP and 15x optical zoom.[34] Since over half of GE's revenue is derived from financial services, it is arguab ly a financial company with a manufacturing arm. It is also one of the largest l enders in countries other than the United States, such as Japan. Even though the first wave of conglomerates (such as ITT Corporation, Ling-Temco-Vought, Tennec o, etc.) fell by the wayside by the mid-1980s, in the late 1990s, another wave ( consisting of Westinghouse, Tyco, and others) tried and failed to emulate GE's s uccess. It was announced on May 4, 2008 that GE would auction off its appliances busines s for an expected sale of $5 8 billion.[35] However, this plan fell through as a r esult of the recession. [edit] Corporate recognition Gnome globe current event.svg This article is outdated. Please update this article to reflect recent e vents or newly available information. Please see the talk page for more informat ion. (February 2011) In 2004, GE was named number one company for employers and employees on the Forb es 500 Global Player list.

Over the years, GE has received several awards honoring them for their accomplis hments, values and reputation: * In Fortune Magazine's 2005 "Global Most Admired Companies" list, GE ranked first overall. (February 2005) * In Fortune Magazine's 2006 "America's Most Admired Companies" list, GE ran ked first overall. (March 2006)[36] * GE was named to the Dow Jones Sustainability World Index as one of the wor ld's leaders in environmental, social and economic programs. * GE ranked ninth on Fortune Magazine's "50 Most Desirable MBA Employers" li st. (April 2004) [edit] Recent Controversies During the 2011 Fukushima I Nuclear Power Plant catastrophe it became public tha t the six reactors in the plant had been designed by General Electric and that c ritics had opposed GE's design as far back as 1972.[37] In March 2011, The New York Times reported that despite earning $14.2 billion in worldwide profits, including more than $5 billion from U.S. operations, General Electric did not owe taxes in 2010. General Electric had a tax benefit of $3.2 billion. This same article also pointed out that despite their continually dimin ishing tax liability since the 1990's, GE has laid off one-fifth of their Americ an workers since 2002. [38] [edit] Environmental record GE has a history of some of its activities giving rise to large-scale air and wa ter pollution. Based on year 2000 data,[39] researchers at the Political Economy Research Institute listed the corporation as the fourth-largest corporate produ cer of air pollution in the United States, with more than 4.4 million pounds per year (2,000 Tonnes) of toxic chemicals released into the air.[40] GE has also b een implicated in the creation of toxic waste. According to EPA documents, only the United States Government, Honeywell, and Chevron Corporation are responsible for producing more Superfund toxic waste sites.[41] In 1983, New York State Attorney General Robert Abrams filed suit in the United States District Court for the Northern District of New York to compel GE to pay for the cleanup of what was claimed to be more than 100,000 tons of chemicals du mped (legally, at the time) from their plant in Waterford.[42] In 1999, the comp any agreed to pay a $250 million settlement in connection with claims it pollute d the Housatonic River and other sites with polychlorinated biphenyls (PCBs) and other hazardous substances.[43] From approximately 1947 to 1977, GE discharged as much as 1.3 million pounds of PCBs from its capacitor manufacturing plants at the Hudson Falls and Fort Edward facilities into the Hudson River.[44] GE fought a media and political battle to avoid cleaning up the river and countered that dredging the river would actuall y stir up PCBs.[45] In 2002, GE was ordered to clean up a 40-mile (64 km) stretc h of the Hudson River it had contaminated.[46] In 2003, acting on concerns that the plan proposed by GE did not "provide for ad equate protection of public health and the environment," the United States Envir onmental Protection Agency issued a unilateral administrative order for the comp any to "address cleanup at the GE site" in Rome, Georgia, also contaminated with PCBs.[47] The reactors involved in the 2011 crisis at Fukushima I in Japan are GE designs, [48] and the architectural design were done by Ebasco,[49] formerly owned by GE. Concerns over the design of these reactors was raised as early as 1975.[50] [edit] Environmental initiatives

In May 2005 GE announced the launch of a program called "Ecomagination," intende d, in the words of CEO Jeff Immelt "to develop tomorrow's solutions such as sola r energy, hybrid locomotives, fuel cells, lower-emission aircraft engines, light er and stronger durable materials, efficient lighting, and water purification te chnology, [51] prompting an op-ed piece in The New York Times to observe that, "wh ile General Electric's increased emphasis on clean technology will probably resu lt in improved products and benefit its bottom line, Mr. Immelt's credibility as a spokesman on national environmental policy is fatally flawed because of his c ompany's intransigence in cleaning up its own toxic legacy."[52] GE has said that it will invest $1.4 billion in clean technology research and de velopment in 2008 as part of its Ecomagination initiative. As of October 2008, t he scheme had resulted in 70 green products being brought to market, ranging fro m halogen lamps to biogas engines. In 2007, GE raised the annual revenue target for its Ecomagination initiative from $20 billion in 2010 to $25 billion followi ng positive market response to its new product lines.[53] In 2010, GE continued to raise the hype by adding $10 billion into Ecomagination over the next five ye ars.[54] GE Energy's renewable energy business has expanded greatly, to keep up with grow ing U.S. and global demand for clean energy. Since entering the renewable energy industry in 2002, GE has invested more than $850 million in renewable energy te chnology. In August 2008 it acquired Kelman Ltd,[55] a Northern Ireland company specializing in advanced monitoring and diagnostics technologies for transformer s used in renewable energy generation, and announced an expansion of its busines s in Northern Ireland in May 2010.[56] In 2009, GE's renewable energy initiative s, which include solar power, wind power and GE Jenbacher gas engines using rene wable and non-renewable methane-based gases[57], employ more than 4,900 people g lobally and have created more than 10,000 supporting jobs.[58] GE Energy and Orion New Zealand Limited (Orion) have announced implementation of the first phase of a GE network management system to help improve power reliabi lity for customers. GE's ENMAC Distribution Management System is the foundation of Orion's initiative. The system of smart grid technologies will significantly improve the network company's ability to manage big network emergencies and help it to restore power faster when outages occur. [edit] Educational initiatives GE Healthcare is collaborating with The Wayne State University School of Medicin e and the Medical University of South Carolina to offer an integrated radiology curriculum during their respective MD Programs led by investigators of the Advan ced Diagnostic Ultrasound in Microgravity study.[59] GE has donated over one mil lion dollars of Logiq E Ultrasound equipment to these two institutions.[60] GE unveiled a 40W replacement Energy Smart LED bulb, to be available late 2010 o r early 2011. The company claims that the new LED bulb will provide a 77% energy savings and produce nearly the same light output as a 40W incandescent bulb, wh ile lasting more than 25 times as long.[61] [edit] Legal issues On August 4, 2009 the SEC fined General Electric $50 million for breaking accoun ting rules in two separate cases, misleading investors into believing GE would m eet or beat earnings expectations.[62] GE has faced criminal action regarding its defense related operations. GE was co nvicted in 1990 of defrauding the U.S. Department of Defense, and again in 1992 on charges of corrupt practices in the sale of jet engines to Israel.[63][64] [edit] Media depiction

GE was the focus of a 1991 short subject Academy Award-winning documentary, Dead ly Deception: General Electric, Nuclear Weapons, and Our Environment,[65] that j uxtaposed GE's rosy "We Bring Good Things To Life" commercials with the true sto ries of workers and neighbors whose lives have been affected by the company's ac tivities involving nuclear weapons.[66] GE's corporate culture and management practices are frequently lampooned in the NBC television series 30 Rock. In the first season episode "The Rural Juror", ch aracter Jack Donaghy opens a complex organization chart that depicts the ownersh ip structure of General Electric's subsidiaries. The chart reveals that NBC is a subsidiary of Sheinhardt Wig Company, and NBC in turn owns subsidiaries not rel ated to broadcasting or entertainment production.[67] [edit] In fiction This section does not cite any references or sources. Please help improve this article by adding citations to reliable sources. Unsour ced material may be challenged and removed. (May 2010) In the early 1950s Kurt Vonnegut was a writer for General Electric. A number of his novels and stories (notably Cat's Cradle) refer to the fictional city of Ili um, which appears to be loosely based on Schenectady, New York. The Ilium Works is the setting for the short story "Deer in the Works". The company was also spoofed in the children's book How the Grinch Stole Christm as! by Dr. Seuss. In the drawing that depicts the Grinch stealing the Whos' feas t, the icebox has a label that reads "General Who-lectric". The NBC sitcom 30 Rock is set at the NBC Studios in the GE Building at 30 Rockef eller Center (hence the title). All characters in the main cast are NBC (and the refore GE) employees, and one character, Jack Donaghy (Alec Baldwin) is portraye d as having risen through the ranks of GE management to become Vice President of NBC's East Coast operations through the company's microwave oven division. In two 1950s science fiction films about missions to the moon, General Electric' s name appears on the launch clocks: Destination Moon and Rocketship X-M. In the 1987 movie *batteries not included, character Mason Baylor identifies a p iece of metal as part of his coffee maker machine because "it said GE". [edit] See also Factory 1b.svg Companies portal * * * * * * * * * * * Phoebus cartel List of assets owned by General Electric Edison Engineering Development Program Information Management Leadership Program (IMLP) Carousel of Progress GE Building College Bowl Knolls Atomic Power Laboratory, Schenectady, NY Top 100 US Federal Contractors GE Global Research global research

[edit] References 1. ^ "GE: Our Company". GE company website. http://www.ge.com/company. Retrie ved December 22, 2009. 2. ^ a b c d e f g "2010 Form 10-K, General Electric Company". United States Securities and Exchange Commission. http://www.sec.gov/Archives/edgar/data/40545 /000119312511047479/d10k.htm#tx37537_11. 3. ^ "Company Search, EDGAR System, Securities and Exchange Commission". http

://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000040545&owner=inclu de&count=40. Retrieved December 22, 2009. 4. ^ General Electric Company 5. ^ According toForbes Global 2000 of 2010 6. ^ Forbes.com 7. ^ "Thomas Edison & GE". GE company web site. http://www.ge.com/company/his tory/edison.html. Retrieved December 22, 2009. 8. ^ FT.com / FT Magazine The FT30 and how industry has changed 9. ^ Mahon, Morgan E. A Flick of the Switch 1930 1950 (Antiques Electronics Sup ply, 1990), p.86. 10. ^ "GE Completes Enron Wind Acquisition; Launches GE Wind Energy". Business Wire. 2002-05-10. http://findarticles.com/p/articles/mi_m0EIN/is_2002_May_10/ai _85689772/. Retrieved 2010-08-09. 11. ^ Fairly, Peter. The Greening of GE IEEE Spectrum, July 2005. Retrieved: 6 November 2010. 12. ^ Arnott, Sarah (March 26, 2010). "GE to build 99m UK wind turbine plant". London: The Independent. http://www.independent.co.uk/news/business/news/ge-to-b uild-16399m-uk-wind-turbine-plant-1928159.html. Retrieved 2010-12-20. 13. ^ Global Corruption Report 2009, Corruption and the Private Sector Transpa rency International 2009 page 148 (English) 14. ^ Murphy, Dennis. GE completes Enron Wind acquisition; Launches GE Wind En ergy Desert Sky Wind Farm, 10 May 2002. Retrieved: 1 May 2010. 15. ^ Goldman, Davis; Pepitone, Julianne (December 3, 2009). "GE, Comcast anno unce joint NBC deal". CNNMoney.com. http://money.cnn.com/2009/12/03/news/compani es/comcast_nbc/index.htm. Retrieved December 22, 2009. 16. ^ "Vivendi to Sell its Stake in NBCUniversal for US$5.8 Billion". Vivendi SA. December 3, 2009. http://www.vivendi.fr/vivendi/Nouvel-article,5902. Retriev ed December 22, 2009. 17. ^ "Vivendi To Sell 20% Stake In NBCU To GE For $5.8 Bln". The Wall Street Journal. December 3, 2009. http://www.bloomberg.com/apps/news?pid=newsarchive&si d=aMoJZHPclWnY. Retrieved December 22, 2009. 18. ^ "General Electric to sell stake in Garanti Bank". 1 March 2010. http://w ww.newstatesman.com/banking-and-insurance/2010/03/garanti-bank-turkey-stake. Ret rieved 2 March 2010. 19. ^ "GE to get its heart tech from Israel". 1 August 2010. http://www.zdnet. com/blog/healthcare/ge-to-get-its-heart-tech-from-israel/3950. Retrieved 21 Augu st 2010. GE posts sales slump, rattles recovery hopes 20. ^ Comcast.net 21. ^ "GE Acquires Opal Software Strengthens Smart Grid Software Portfolio". G E. http://www.genewscenter.com/content/Detail.aspx?ReleaseID=11178&NewsAreaID=2. Retrieved 19 October 2010. 22. ^ NewsDaily: GE to buy UK oil pipe maker Wellstream for $1.3 billion http: //www.reuters.com/article/idUSTRE6BC0U920101213 23. ^ http://www.businessweek.com/news/2011-02-14/ge-agrees-to-buy-2-8-billion -oil-service-unit-shares-surge.html 24. ^ http://www.businesswire.com/news/home/20110302005457/en/GE-Energy-Comple tes-Acquisition-Lineage-Power 25. ^ GE Capital sells Mexican assets to Santander Finance News 26. ^ United States Department of the Treasury Internal Revenue Service (2006-0 5-31). "IRS e-file Moves Forward; Successfully Executes Electronic Filing of Nat ion's Largest Tax Return". Press release. http://www.irs.gov/newsroom/article/0, ,id=157845,00.html. Retrieved 2007-02-01. 27. ^ a b Carney, Timothy (2011-04-07) Want to know how GE paid $0 income taxe s? Think green., Washington Examiner 28. ^ General Electric (2005-05-09). "GE Launches Ecomagination to Develop Env ironmental Technologies; Company-Wide Focus on Addressing Pressing Challenges". Press release. http://www.businesswire.com/news/home/20050509005663/en. Retrieve d 2007-01-15. [dead link] 29. ^ Deutsch, Claudia (May 22, 2007). "General Electric to Sell Plastics Divi sion". The New York Times. http://www.nytimes.com/2007/05/22/business/22plastics

.html?_r=1. Retrieved December 25, 2009. 30. ^ "Jeff Immelt, CEO". Company Biography. General Electric. http://www.ge.c om/company/leadership/ceo.html. Retrieved December 25, 2009. 31. ^ "100 Best Global Brands". Business Week. 2009. http://www.businessweek.c om/interactive_reports/best_global_brands_2009.html. Retrieved December 25, 2009 . 32. ^ "Welcome to Saskrailmuseum.org". Contact Us. September 11, 2008. http:// www.saskrailmuseum.org/. Retrieved 2008-10-03. 33. ^ VIDEO General Imaging's blink detection cameras TG Daily 34. ^ Walmart.com: GE X5 Black 14MP Digital Camera w/ 15x Optical Zoom, 2.7" L CD: Digital Cameras 35. ^ "GE confirms it's exiting appliance business". MSNBC. May 16, 2008. http ://www.msnbc.msn.com/id/24630072. Retrieved December 25, 2009. 36. ^ "America's Most Admired Companies" (PDF). Fortune Magazine. March 6, 200 6. http://www.ge.com/files/usa/stories/en/fortunesMostAdmired.pdf. Retrieved Dec ember 25, 2009. 37. ^ "Design of G.E.'s Mark 1 Nuclear Reactors Shows Weaknesses". The New Yor k Times. March 15, 2011. http://www.nytimes.com/2011/03/16/world/asia/16contain. html?_r=1&scp=2&sq=general%20electric&st=cse. 38. ^ Kocieniewski, David (March 24, 2011). "G.E.'s Strategies Let It Avoid Ta xes Altogether". The New York Times. http://www.nytimes.com/2011/03/25/business/ economy/25tax.html?scp=2&sq=ge&st=cse. 39. ^ Political Economy Research Institute Toxic 100 Corporate Toxics Informat ion Project Technical Notes. Retrieved 9 November 2007. 40. ^ Political Economy Research Institute 41. ^ The Center for Public Integrity 42. ^ The Region; G.E. Plant Accused Of Water Pollution", The New York Times, January 21, 1983 43. ^ GE agrees to $250 Million Settlement to Clean Up PCBs in Housatonic Rive r, Department of Justice news release, October 7, 1999 44. ^ Hudson River PCBs 45. ^ Historic Hudson River Cleanup to Begin After Years of Delay, But Will Ge neral Electric Finish the Job? Under the EPA's unusual agreement with General El ectric, the company could escape full responsibility for cleaning up the toxic m ess it made in the Hudson River 46. ^ The New York Times 1 May 2007 47. ^ United States Environmental Protection Agency 48. ^ http://openchannel.msnbc.msn.com/_news/2011/03/13/6256121-general-electr ic-designed-reactors-in-fukushima-have-23-sisters-in-us 49. ^ http://nuctrans.org/Nuc_Trans/locations/daiichi/daiichi.htm 50. ^ http://abcnews.go.com/Blotter/fukushima-mark-nuclear-reactor-design-caus ed-ge-scientist/story?id=13141287 51. ^ "Ecomagination: Inside GE's Power Play" 52. ^ "Talking Green, Acting Dirty." The New York Times 12 June 2005 53. ^ GE cleantech sales to top $17 billion this year 54. ^ VentureBeat, Camille Ricketts. "GE Pumps 10B More Into Green Technology R&D." June 24, 2010. 55. ^ GE Energy Acquires Kelman Limited 56. ^ GE to create 104 jobs in Lisburn 57. ^ GE's ecomagination Certified Clarke Energy Jenbacher Power Plant Commissi oned at Australian Coal Mine to Help Reduce Greenhouse Gas Emissions, 2008, www. gepower.com, Accessed 14.04.2011 58. ^ GE illustrates broad spectrum of alternative energy projects 59. ^ [1] A Pilot Study of Comprehensive Ultrasound Education at the Wayne Sta te University School of Medicine 60. ^ [2][dead link] 61. ^ GE makes LED replacement for 40-watt bulb Green Tech CNET News 62. ^ SEC Fines GE $50 Million for Accounting Misdeeds 63. ^ Sam Husseini, Felons On The Air: Does GE's Ownership of NBC Violate the Law?, FAIR.ORG, November/December 1994

64. ^ Stevenson, Richard W. G.E. Guilty Plea in U.S. Aid to Israel, New York T imes, July 23, 1992. 65. ^ Deadly Deception: General Electric, Nuclear Weapons, and Our Environment 66. ^ Nuclear Weaponmakers Campaign Corporate Accountability International Cha llenging Abuse, Protecting People Think Outside the Bottle challenging the bottl ed water industry ... 67. ^ "30 Rock GE Wig Chart" (PDF). nbc.com. NBCUniversal Inc.. 2007. Archived from the original on 2010-03-15. http://www.webcitation.org/5oHrNc147. Retrieve d 2010-03-15. "Sheinhardt Wig Co -> NBC -> Winnipeg Iron Works" [edit] Further reading * Carlson, W. Bernard. Innovation as a Social Process: Elihu Thomson and the Rise of General Electric, 1870 1900 (Cambridge: Cambridge University Press, 1991) . * Woodbury, David O. Elihu Thomson, Beloved Scientist (Boston: Museum of Sci ence, 1944) * Haney, John L. The Elihu Thomson Collection American Philosophical Society Yearbook 1944. * Hammond, John W. Men and Volts: The Story of General Electric, published 1 941, 436 pages. * Mill, John M. Men and Volts at War: The Story of General Electric in World War II, published 1947. [edit] External links Wikimedia Commons has media related to: General Electric * Official site for GE Appliances, the corporation's leading consumer produc t * * * * * * * * SEC filings including 10-k Another Hudson River Controversy Site Official site for SABIC Innovative Plastics. Historic Development of the GE.com website. Financial Times article on GE's effort to go green GE energy G.E. to Double Investments in Renewables to $4B USA Today article about GE's success at creating CEOs at large companies

[edit] Video clips * GE Reports YouTube channel Business data * * * * * * General General General General General General Electric Electric Electric Electric Electric Electric at Google Finance at Yahoo! Finance at Hoover's at Reuters SEC filings at EDGAR Online SEC filings at the Securities and Exchange Commission

[show]v d eGeneral Electric Co. Divisions and subsidiaries Current GE Capital (GE Capital Bank GE Capital Aviation Services GE Commercial Finance G E Energy Financial Services GE Money GE Rail Services GE Rail Services (Europe) Trailer Fleet Services) GE Technology Infrastructure (GE Aviation GE Aviation Sy stems GE Healthcare GE Transportation) GE Energy (GE Digital Energy GE Jenbacher GE Measurement & Control Solutions GE Oil & Gas GE Power & Water GE Wind Energy

) GE Home & Business Solutions (GE Consumer & Industrial GE Intelligent Platform s) GE Global Research Defunct and former Australian Guarantee Corporation1 Canadian General Electric1 Electric Bond and S hare Company2 GE Americom2 GE Betz1 GE Capital IT Solutions2 GECIS2 GE Equipment Services1 GE Industrial1 GE Infrastructure1 GEIS2 Genesis Lease2 GE Security2 enworth Financial2 Montgomery Ward2 Tungsram1 Whatman1 Joint ventures and shareholdings CFM International (50%) Engine Alliance (50%) GE Hitachi Nuclear Energy (60%) GE Honda Aero Engines (50%) NBCUniversal, LLC (49%) Penske Truck Leasing TBS GB People Founders Thomas Edison Edwin J. Houston Elihu Thomson Current directors

James Cash, Jr. Ann Fudge Claudio Gonzalez Susan Hockfield Jeffrey Immelt Andrea Jung Alan Lafley Robert Lane Ralph Larsen Rochelle Lazarus Sam Nunn Roger Pens e Robert Swieringa Douglas A. Warner III Bob Wright Places and facilities GE Building General Electric Building General Electric Realty Plot General Elect ric Research Laboratory John F. Welch Technology Centre Nela Park Products, services and brands Aircraft engines GEnie Locomotives Mazda Reciprocating engines Trivection oven ungsram Other Edison Engineering Development Program GE Inspira GE True General Electric Theat er 1Now integrated into other GE divisions or business groupings 2Sold Annual revenue increase USD 157 billion (2009) Employees 304,000 (2009) Stock symbol NYSE: GE Website ge.com [show]v d eDow Jones Industrial Average components Current 3M Alcoa American Express AT&T Bank of America Boeing Caterpillar Chevron C Systems The Coca-Cola Company DuPont ExxonMobil General Electric Hewlett-Packard The Home Depot Intel IBM Johnson & Johnson JPMorgan Chase Kraft Foods McDona s Merck & Co. Microsoft Pfizer Procter & Gamble The Travelers Companies United echnologies Corporation Verizon Communications Wal-Mart The Walt Disney Company. %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% %%%%%%%%%%%% The Washington Post GE Sets Record for Total Value; It's First Company Worth $300 Billion Publication: The Washington Post Publish date: July 8, 1998 CopyrightCopyright 2009 The Washington Post. This material is p ublished under license from the Washington Post. All inquiries regarding right s or concerns about this content should be directed to Customer Support. (Hide c opyright information)

General Electric Co. yesterday became the first U.S. company to be worth more th an $300 billion. Based on GE's closing stock price of $92.62 1/2 a share, the Fairfield, Conn.-ba sed company has a market value of about $301.8 billion. The second most valuable company is Microsoft Corp., worth about $266 billion ba sed on yesterday's closing price of $107.93 3/4. Yesterday was the first day that GE's value finished above the $300 billion mark , though it briefly crossed that threshold when it rose to $92.12 1/2 on Monday. In 1981, when John F. Read all of this article with a FREE trial Related newspaper, magazine, and journal articles: India Abroad Article: GE sets up technology center in Bangalore India Abroad; September 29, 2000 ; 578 words ... ... Imran India Abroad 0929-2000 GE sets up technology center in BangaloreJohn ... officer (CEO) of Gener al Electric(GE), one of the largest conglomerates ... facilitatereal-time intera ction among GE's business, technology centers ... Business Wire Article: GE Introduces New Series of Laptop-Size Ultrasound Systems ... Business Wire; May 15, 2006 ; 700+ words ...WAUKESHA, Wis. -- GE, the world 's leading ultrasound company ... real-time imaging at the point of care. GE's C ompact Series is a new and revolutionary ... According to Omar Ishrak, president and CEO of GE Healthcare's Clinical Systems division ... Advertising Age Article: GE sets aside big bucks to show off some green; ... Advertising Age; May 9, 2005 ; 642 words ...Byline: MATTHEW CREAMER GE does n't harm the environment when it brings ... 2010. The effort is being described by GE executives as Mr. Immelt's "stake in ... Ecomagination umbrella,'' said Jo nathan Klein, GE spokesman. He described the initiative ... National Mortgage News Article: GE Sets Up New Unit for Investment in Commercial ... National Mortgage News; December 11, 2006 ; 521 words ...STAMFORD, CT -- GE Real Estate has set up a direct investments unit ... estate portfolios across t he primary asset classes, GE Real Estate reports. For 2007, the unit, which will be a part of GE's North America equity division, is targeting ... International Railway Journal Article: GE sets its sights on China.(Perspectives) International Railway Journal; August 1, 2004 ; 365 words ...GENERAL ELECTR IC (GE), United States, is negotiating with ... diesel locomotives in China. Thi s is part of GE's long-term strategy to expand its presence ... it believes has great growth potential. GE has also recognised China's increasing ... Real Estate Weekly

Article: GE sets its sights on buying portfolios.(FINANCE) Real Estate Weekly; November 29, 2006 ; 477 words ...GE Real Estate has cre ated a Direct Investments business unit to focus ... transactions," noted Joe Pa rsons, president, North America Equity at GE Real Estate. "By leveraging GE Real Estate's capital strength, risk management expertise and operating ... American Banker Article: GE Sets IPO for Its Insurance Business.(GE ... American Banker; April 29, 2004 ; 340 words ... ... Commission. The Fairfie ld, Conn., conglomerate's GE Financial Assurance Holdings Inc. is expected ... u nderwriters do not exercise overallotment options, GE would retain 70% of Genwor th after the IPO. GE expects to reduce its interest to below 50% within ... The Washington Post Article: GE Sets $35 Million in Grants to Aid Minority ... The Washington Post; November 29, 1988 ; 421 words ... ... inner-city minor ity students for college. GE earmarked $15 million for the faculty development . .. program. Paul Ostergard, president of the GE Foundation, which will distribut e the funds ... 20 million-will go toward upgrading GE's program to help minorit y high school ... See all results Visit Cengage Brain Ads by Google CPA Company accounting needs. CFO, CFE, SEC, CPA, Valuations www.hpaccounting.com Property Worth Find your house value instantly. Free service. Get estimates now. FindHomesValue.com Sports Factory Sets Sale Topps Sports Factory Sealed Sets Huge Selection of Factory Sets Pokeorder.com/Sports-Factory-Sets Des Moines Coupons 1 ridiculously huge coupon a day. Like doing Des Moines at 90% off! www.Groupon.com/Des-Moines Coaching on Stock Options Free Stock Options Coaching for 30 Open an account in 5 minutes optionsXpress.com/FreeOptionsCoaching Hyatt Gold Passport Stay 5 Nights & Get 10,000 Points. Join Now & Enjoy Exclusive Benefits Hyatt.com/GoldPassport Find articles, research, and archives Selected former Altria Group American International Group American Telephone & Telegraph America n Tobacco Company Bethlehem Steel Citigroup Colorado Fuel and Iron Eastman Kodak

 General Foods General Motors Goodyear Tire and Rubber Company Honeywell Interna tional Harvester International Paper Johns-Manville Nash Motors Navistar Interna tional North American Company Owens-Illinois Sears, Roebuck and Company Union Ca rbide United States Rubber Company U.S. Steel F. W. Woolworth Company [show]v d ePrincipal owners of the Houston Astros franchise Houston Colt .45's (1962-1964) Roy Hofheinz Houston Astros (1965-present) Roy Hofheinz General Electric & Ford Motor Company John McMullen Drayton McLane, Jr. Retrieved from "http://en.wikipedia.org/wiki/General_Electric" Categories: Companies listed on the New York Stock Exchange General Electric Lighting brands Conglomerate companies Companies based in Fairfield County, Connecticut Rockefeller Center Thomas Edison Schenectady, New York Comp anies established in 1892 Electrical wiring and construction supplies manufact urers Worldwide Olympic sponsors Marine engine manufacturers GIS companies Electrical engineering companies 1892 establishments. %%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%%% %%%%%%%%%%%% General Electric, the nation s largest corporation, had a very good year in 2010. The company reported worldwide profits of $14.2 billion, and said $5.1 billion o f the total came from its operations in the United States. Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion . That may be hard to fathom for the millions of American business owners and hous eholds now preparing their own returns, but low taxes are nothing new for G.E. T he company has been cutting the percentage of its American profits paid to the I nternal Revenue Service for years, resulting in a far lower rate than at most mu ltinational companies. Its extraordinary success is based on an aggressive strategy that mixes fierce l obbying for tax breaks and innovative accounting that enables it to concentrate its profits offshore. G.E. s giant tax department, led by a bow-tied former Treasu ry official named John Samuels, is often referred to as the world s best tax law f irm. Indeed, the company s slogan Imagination at Work fits this department well. The team includes former officials not just from the Treasury, but also from the I. R.S. and virtually all the tax-writing committees in Congress In a regulatory filing just a week before the Japanese disaster put a spotlight o n the company s nuclear reactor business, G.E. reported that its tax burden was 7. 4 percent of its American profits, about a third of the average reported by othe r American multinationals. Even those figures are overstated, because they inclu de taxes that will be paid only if the company brings its overseas profits back to the United States. With those profits still offshore, G.E. is effectively get ting money back Martin A. Sullivan, a tax economist for the trade publication Tax Analysts, said that booking such a large percentage of its profits in low-tax countries has allo wed G.E. to bring its U.S. effective tax rate to rock-bottom levels. Read the complete article at The New York Times. Read also from March 2009, Is GE Next in Line for Government Bailout? GE could be overestimating the value of some of it real estate portfolio, sai

d BernsteinResearch s Winoker. Winoker calculates that the company s real estate equ ity is worth about $20 billion, rather than the $32.7 billion GE estimated at th e end of 2008. If that were true, that would represent an overestimate of more t han 60%. GE Capital globe, making accounted for last year. The has vast real estate holdings in the United States and around the it an important cog in GE s operating results. Overall, GE Capital about 47%, or $8.6 billion, of GE s total profits of $18.1 billion company projects the unit will earn $5 billion this year.

GE has stakes in 8,000 properties in 2,600 cities worldwide, including offic e buildings, warehouses and apartments. About 71% of those properties are locate d outside the United States. In Europe, GE has $22 billion worth of real estate assets. About one-third o f that was real estate debt and non-performing loans at the end of the second qu arter of last year, according to its Web site. They spent a huge amount of money in real estate, James S. Corl, who oversees distressed real estate investments at Siguler Guff & Co., told Bloomberg. They pa id a full price for what ends up being a lot of mediocre real estate. And on 29 June Yid with Lid wrote, General Electric Major Recipient of TARP Loan s Update: Related from Moonbattery, The World s Most Unfair Tax System Which country has the most progressive i.e., parasitical, socialistic, and g rotesquely unfair tax system in the industrialized world? None other than the er stwhile Land of Liberty Instapundit wonders, Jeffrey Immelt: Looter, or Producer?