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General Electric Company (GE) is an American multinational conglomerate incorporated in New York State and headquartered in Boston. Until 2021, the company operated in sectors including aviation, power, renewable energy, digital industry, additive manufacturing, locomotives, and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments.In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE—Irving Langmuir (1932) and Ivar Giaever (1973)—have been awarded the Nobel Prize.On November 9, 2021, the company announced it would divide into three public companies. The new companies will be focused on aviation, healthcare, and energy (renewable energy, power and digital) respectively. The first spinoff of the healthcare division is planned for 2023 and to be followed by the spinoff of the energy division in 2024.
1878Oct, 15
The Edison Electric Light Company begins operation.
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Events on 1878
- 3Mar
Treaty of San Stefano
The Russo-Turkish War ends with Bulgaria regaining its independence from the Ottoman Empire according to the Treaty of San Stefano; a few months afterwards the Congress of Berlin stripped its status to a vassal principality of the Ottoman Empire. - 25May
Comic opera
Gilbert and Sullivan's comic opera H.M.S. Pinafore opens at the Opera Comique in London. - 10Jun
Treaty of San Stefano
League of Prizren is established, to oppose the decisions of the Congress of Berlin and the Treaty of San Stefano, as a consequence of which the Albanian lands in Balkans were being partitioned and given to the neighbor states of Serbia, Montenegro, Bulgaria and Greece. - 15Jun
Sallie Gardner at a Gallop
Eadweard Muybridge takes a series of photographs to prove that all four feet of a horse leave the ground when it runs; the study becomes the basis of motion pictures. - 22Oct
Salford, Greater Manchester
The first rugby match under floodlights takes place in Salford, between Broughton and Swinton.