GE essays

GE essays The General Electric Company started when Thomas A. Edison invented the carbon filament incandescent lamp. In 1878, Edison established the Edison Electric Light Company. As the business expanded, it became more difficult for the company to rely only in its technology. Therefore, in 1892, Edison Electric and Thomson Houston Electric merged to create the General Electric Company (Company). According to The Financial Times, General Electric (GE) is today the Worlds Most Respected Company (Facts). Most of this admiration is due to the variety of operating segments that the company provides. For example, GE businesses are classified into ten categories: Commercial Finance, Consumer Finance, Consumer and Industrial, Energy, Equipment Services, Healthcare, Infrastructure, Insurance, NBC, and Transportation (Company). The Commercial Finance section of GE provides loans, operating leases and financing programs. Consumer Finance provides credit services to consumers, retailers, and auto dealers. The GE Consumer and Industrial segment includes appliances, lighting, and industrial equipment and services. One really important category is Energy in which GE is the worlds leading supplier of technology to the Energy industry (Facts). The General Electric Equipment Services help to manage finance and operate business equipment. GEs Health services include patient monitoring device s, medical imaging, scanners, x-rays, ultrasound, magnetic resonance and others. General Electric Infrastructure is a growing segment because it is a high technology platform, with expected earnings of $3.5 billion for 2004 (Facts). GE Insurance deals with insurance and investment products. GE is also the owner of NBC, which is compiled of 14 stations. GEs Transportation category includes aircraft engines, aviation and off highway industries. According to the com...