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GEN ELECTRIC CO (GE)

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The General Electric Company, or GE(NYSE:GE) is a multinational American technology and services conglomerate. GE describes itself as composed of a number of primary business units or "businesses." Each "business" is itself a vast enterprise, many of which would, as standalone companies, rank as part of the Fortune 500. The list of GE businesses varies over time as the result of acquisitions, divestitures and reorganizations.


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Today 5d 3m 6m 1y 2y 5y Max



Funds w/ GE: 2734
Rank: 2 / 351



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List of businesses

GE Organization Directory

GE Commercial Finance

Capital Solutions, Corporate Financial Services, Healthcare Financial Services, Insurance, Real Estate, GE Industrial, Advanced Materials (Sold to Apollo Managament LLC in Nov 2006, renamed Momentive Performance Materials), Consumer & Industrial,

Equipment Services

GE Fanuc Automation, Inspection Technologies, Plastics, Security, Sensing,

GE Infrastructure

Aviation, Aviation Financial Services, Energy, Energy Financial Services, Oil & Gas, Transportation Systems (Formerly GE Rail), Water,

GE Money (also GE Consumer Finance)

GE Healthcare

NBC Universal

Network, Films, Television Stations, Entertainment Cable, Television Production, Sports/ Olympic Games, Theme Parks

NCB Universal

GE paid $6.5 billion when it acquired NBC’s parent company, the RCA Corporation, in 1986. Since then, GE has considered selling the network several times.[citation needed] In February 2007, GE's chairman and CEO Immelt called reports that he was pondering selling off NBC Universal as “more or less made-up drivel.” On February 20, 2007, Bob Wright, the outgoing chairman of that division said, in an interview to Fortune magazine, that he would not be surprised if, in three to five years, NBC Universal were not a part of GE. He said: "I wouldn’t be surprised. I also think Immelt means exactly what he says. He wants it to be successful, and he wants it to stay part of GE I understand that very well, because when this business is operating well, it’s a very attractive part of GE. And where it can be difficult is, if something isn’t perfect in the business, its imperfections become a noisy part of a company like GE There may well come a time, and I’m not saying it’s anytime [soon], where the fit isn’t as good as he’d like. And he has to manage his portfolio." He also said, referring to the NBC Network sub-unit, that "one 12- to 14-hour period" in 1994, "we had sold half the network to Disney" before Disney’s chief executive at the time, Michael Eisner, changed his mind. The network was once almost sold to Martin S. Davis as well, Mr. Wright said. Wright suggested that a deal with Time Warner "would be a great combination" that could be spurred next year when Time Warner will be able to separate it’s cable business from its content business without having to pay a big tax bill.[2]

News Feed

08/21/08 2:08 pm UPDATE - Smoking in movies causes teens to smoke-US report (at Reuters)
08/21/08 1:08 pm 3 Closed-End Funds for the Dividend-Minded (at TheStreet.com)
08/21/08 1:08 pm Consider This Before You Buy Another Stock (at Motley Fool)
08/21/08 1:08 pm Olympic closing ceremony to feature 7,000 people (AP)
08/21/08 12:08 pm Highlights of NBC Universal's TV Olympic coverage (AP)
08/21/08 12:08 pm [video] They Just Don't Get McClatchy! (at TheStreet.com)
08/21/08 12:08 pm For Abbott, Diversity Remains Paramount (TheStreet.com)
08/21/08 11:08 am MySpace Still No. 1, But Who the Heck Uses It? (TechTicker)
08/21/08 10:08 am [video] Big Apple Could Become Windy City (at TheStreet.com)
08/21/08 10:08 am NBC trying to retain the Michael Phelps glow (AP)
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Notes

  1. ↑ This is a sample reference.
  2. ↑ Robert Wright's Fortune magazine interview
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