Integrated Data Store ( IDS ) was an early network database management system largely used by industry, known for its high performance. IDS became the basis for the CODASYL Data Base Task Group standards.
80-600: IDS was designed in the 1960s at the computer division of General Electric (which later became Honeywell Information Systems ) by Charles Bachman , who received the Turing Award from the Association for Computing Machinery for its creation, in 1973. The software was released in 1964 for the GE 235 computer. By 1965, a network version for the customer Weyerhaeuser Lumber was in operation. IDS/II, introduced in 1975,
160-485: A sending/receiving relationship with the Harrison Public Schools . Citing rising tuition costs, the district announced in 2013 that it was seeking to sever its relationship with Harrison and send its students to Kearny High School , where tuition costs for students would be substantially lower than the $ 14,674 per student paid to Harrison for the 2012–2013 school year. In 2015, the district agreed to
240-538: A $ 3 billion deal and also bought a $ 1.6 billion portfolio of retail credit cards from Citigroup Inc. On October 14, 2010, GE announced the acquisition of data migration & SCADA simulation specialists Opal Software. In December 2010, for the second time that year (after the Dresser acquisition), GE bought the oil sector company Wellstream , an oil pipe maker, for 800 million pounds ($ 1.3 billion). In March 2011, GE announced that it had completed
320-485: A 42.6% turnout. The East Newark School District serves students in pre-kindergarten through eighth grade . As of the 2021–22 school year, the district, comprised of two schools, had an enrollment of 220 students and 18.8 classroom teachers (on an FTE basis), for a student–teacher ratio of 11.7:1. For ninth through twelfth grades , public school students attend Harrison High School in Harrison , as part of
400-537: A Ponzi Scheme run by Bernard Madoff , accused General Electric of being a "bigger fraud than Enron," alleging $ 38 billion in accounting fraud. GE denied wrongdoing. On October 6, 2020, General Electric reported it received a Wells notice from the Securities and Exchange Commission stating the SEC may take civil action for possible violations of securities laws. East Newark, New Jersey East Newark
480-538: A controlling interest in the company, while GE would retain a 49% stake and would buy out shares owned by Vivendi. Vivendi would sell its 20% stake in NBCUniversal to GE for US$ 5.8 billion. Vivendi would sell 7.66% of NBCUniversal to GE for US$ 2 billion if the GE/Comcast deal was not completed by September 2010 and then sell the remaining 12.34% stake of NBCUniversal to GE for US$ 3.8 billion when
560-590: A division of GE called GE Information Systems (GEIS). The new company, named GXS , is based in Gaithersburg, Maryland . GXS is a provider of business-to-business e-commerce solutions. GE maintains a minority stake in GXS. Also in 2002, GE Wind Energy was formed when GE bought the wind turbine manufacturing assets of Enron Wind after the Enron scandals . In 2004, GE bought 80% of Vivendi Universal Entertainment,
640-443: A female householder with no husband present and 25.0% were non-families. Of all households, 15.3% were made up of individuals and 4.3% had someone living alone who was 65 years of age or older. The average household size was 3.17 and the average family size was 3.38. 22.0% of the population were under the age of 18, 14.6% from 18 to 24, 32.2% from 25 to 44, 24.0% from 45 to 64, and 7.3% who were 65 years of age or older. The median age
720-578: A few years later with Thomson-Houston Electric Company , led by Charles Coffin . In 1887, Hart left to become superintendent of the Edison Electric Company. General Electric was formed through the 1892 merger of Edison General Electric Company and Thomson-Houston Electric Company with the support of Drexel, Morgan & Co. The original plants of both companies continue to operate under the GE banner to this day. The General Electric business
800-479: A household in the borough was $ 44,352, and the median income for a family was $ 46,375. Males had a median income of $ 31,875 versus $ 24,231 for females. The per capita income for the borough was $ 16,415. About 11.3% of families and 12.6% of the population were below the poverty line , including 17.7% of those under age 18 and 8.6% of those age 65 or over. East Newark is governed under the borough form of New Jersey municipal government, one of 218 municipalities (of
880-515: A joint venture in steam turbines, plus a €3.1 billion cash investment. In June 2014, a formal offer from GE worth $ 17 billion was agreed by the Alstom board. Part of the transaction involved the French government taking a 20% stake in Alstom to help secure France's energy and transport interests and French jobs. A rival offer from Siemens Mitsubishi Heavy Industries was rejected. The acquisition
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#1732772128811960-467: A long-time Edison supporter and investor, proposed to consolidate all of business interests. The proposal was supported by Samuel Insull - who served as his secretary and, later, financier - as well other investors. In 1889, Drexel, Morgan & Co. —a company founded by J.P. Morgan and Anthony J. Drexel —financed Edison's research and helped merge several of Edison's separate companies under one corporation, forming Edison General Electric Company, which
1040-521: A manufacturer of dynamos and large electric motors in Schenectady, New York ; Bergmann & Company, a manufacturer of electric lighting fixtures , sockets , and other electric lighting devices; and Edison Electric Light Company, the patent -holding company and financial arm for Edison's lighting experiments, backed by J. P. Morgan (1837–1913) and the Vanderbilt family . Henry Villard,
1120-459: A new six-year sending agreement with the Harrison district under which East Newark would pay $ 13,000 per student, rising by 2% annually, a drop from the $ 16,100 cost per student paid as of the 2014–2015 school year. As of the 2021–22 school year, the high school had an enrollment of 698 students and 52.5 classroom teachers (on an FTE basis), for a student–teacher ratio of 13.3:1. East Newark
1200-521: A police department with nine sworn officers, led by Chief Anthony Monteiro. As of May 2010 , the borough had a total of 2.71 miles (4.36 km) of roadways, of which 2.27 miles (3.65 km) were maintained by the municipality and 0.44 miles (0.71 km) by Hudson County. Interstate 280 passes through the southern portion of the borough. The entrances to interchange 16 lie in adjacent Harrison, and those for interchange 15B lie in Newark across
1280-408: A staggered basis, with two seats coming up for election each year in a three-year cycle. The borough form of government used by East Newark is a " weak mayor / strong council" government in which council members act as the legislative body with the mayor presiding at meetings and voting only in the event of a tie. The mayor can veto ordinances subject to an override by a two-thirds majority vote of
1360-513: A total of 753 registered voters in East Newark, of which 469 (62.3%) were registered as Democrats , 35 (4.6%) were registered as Republicans and 249 (33.1%) were registered as Unaffiliated . There were no voters registered to other parties. In the 2012 presidential election , Democrat Barack Obama received 82.3% of the vote (400 cast), ahead of Republican Mitt Romney with 16.5% (80 votes), and other candidates with 1.2% (6 votes), among
1440-472: Is a borough in the western part of Hudson County , in the U.S. state of New Jersey . The borough is the second-smallest municipality by total area in the state. The Borough of East Newark was established on July 2, 1895, from portions of Kearny lying between the Erie Railroad 's Newark Branch right of way and Harrison , based on the results of a referendum held the previous day. As of
1520-735: Is bordered to the north by Kearny and to the south and east by Harrison , both in Hudson County, and to the west by the Passaic River across from which is Newark in Essex County . The Clark Thread Company Historic District is located in the borough. The 2010 United States census counted 2,406 people, 759 households, and 569 families in the borough. The population density was 23,532.1 per square mile (9,085.8/km ). There were 794 housing units at an average density of 7,765.8 per square mile (2,998.4/km ). The racial makeup
1600-1490: Is governed by a directly elected County Executive and by a Board of County Commissioners , which serves as the county's legislative body. As of 2024 , Hudson County's County Executive is Craig Guy ( D , Jersey City ), whose term of office expires December 31, 2027. Hudson County's Commissioners are: Kenneth Kopacz (D, District 1-- Bayonne and parts of Jersey City ; 2026, Bayonne), William O'Dea (D, District 2-- western parts of Jersey City; 2026, Jersey City), Vice Chair Jerry Walker (D, District 3-- southeastern parts of Jersey City; 2026, Jersey City), Yraida Aponte-Lipski (D, District 4-- northeastern parts of Jersey City; 2026, Jersey City), Chair Anthony L. Romano Jr. (D, District 5-- Hoboken and adjoining parts of Jersey City; 2026, Hoboken), Fanny J.Cedeno (D, District 6-- Union City ; 2026, Union City), Caridad Rodriguez (D, District 7-- West New York (part), Weehawken , Guttenberg ; 2026, West New York), Robert Baselice (D, District 8-- North Bergen , West New York (part), Seacaucus (part); 2026, North Bergen), and Albert Cifelli (D, District 9-- East Newark , Harrison , Kearny , and Secaucus (part); 2026, Harrison). Hudson County's constitutional officers are: Clerk E. Junior Maldonado (D, Jersey City, 2027), Sheriff Frank Schillari, (D, Jersey City, 2025) Surrogate Tilo E. Rivas, (D, Jersey City, 2024) and Register Jeffery Dublin (D, Jersey City, 2024). As of March 2011, there were
1680-521: Is one of GE's four multifunctional shared services centers worldwide in Pudong , China; Budapest , Hungary; and Monterrey , Mexico. In April 2015, GE announced its intention to sell off its property portfolio, worth $ 26.5 billion, to Wells Fargo and The Blackstone Group . It was announced in April 2015 that GE would sell most of its finance unit and return around $ 90 billion to shareholders as
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#17327721288111760-611: Is protected by a volunteer fire department . There are approximately 34 firefighters who staff one ladder and two engines, one of which is a spare. The department also has shared use of a haz-mat mass decontamination trailer unit with the Kearny and Harrison Fire Departments. The fire department has mutual aid agreements with all Hudson County departments and is also a member of the Southern Bergen County Mutual Aid Association. East Newark has
1840-835: Is represented by Rob Menendez ( D , Jersey City ). New Jersey is represented in the United States Senate by Democrats Cory Booker ( Newark , term ends 2027) and George Helmy ( Mountain Lakes , term ends 2024). For the 2024-2025 session , the 29th legislative district of the New Jersey Legislature is represented in the State Senate by Teresa Ruiz ( D , Newark ) and in the General Assembly by Eliana Pintor Marin (D, Newark) and Shanique Speight (D, Newark). Hudson County
1920-652: The Fortune 500 as the 33rd largest firm in the United States by gross revenue . In 2023, the company was ranked 64th in the Forbes Global 2000 . 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
2000-520: The 2004 presidential election , Democrat John Kerry received 71.2% of the vote (337 ballots cast), outpolling Republican George W. Bush with 26.4% (125 votes) and other candidates with 0.8% (6 votes), among the 473 ballots cast by the borough's 800 registered voters, for a turnout percentage of 59.1. In the 2013 gubernatorial election , Democrat Barbara Buono received 64.9% of the vote (148 cast), ahead of Republican Chris Christie with 32.9% (75 votes), and other candidates with 2.2% (5 votes), among
2080-555: The 2020 United States census , the borough's population was 2,594, an increase of 188 (+7.8%) from the 2010 census count of 2,406, which in turn reflected an increase of 29 (+1.2%) from the 2,377 counted in the 2000 census . According to the United States Census Bureau , the borough had a total area of 0.13 square miles (0.32 km ), including 0.10 square miles (0.27 km ) of land and 0.02 square miles (0.06 km ) of water (16.92%). The borough
2160-569: The DATANET-30 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. In 1956 Homer Oldfield had been promoted to General Manager of GE's Computer Department. He facilitated the invention and construction of the Bank of America ERMA system, the first computerized system designed to read magnetized numbers on checks. But he
2240-458: The Multics operating system on the GE 645 mainframe computer. The project took longer than expected and was not a major commercial success, but it demonstrated concepts such as single-level storage , dynamic linking , hierarchical file system , and ring-oriented security . Active development of Multics continued until 1985. GE got into computer manufacturing because, in the 1950s, they were
2320-577: The NBC television network for $ 6.28 billion; this merger surpassed the Capital Cities/ABC merger from earlier that year as the largest non-oil company merger in world business history. The remainder of RCA's divisions and assets were sold to various companies, including Bertelsmann Music Group which acquired RCA Records . Thomson SA , which licensed the manufacture of RCA and GE branded electronics, traced its roots to Thomson-Houston, one of
2400-561: The National Broadcasting Company (NBC), which built two radio broadcasting networks. In 1930, General Electric was charged with antitrust violations and was ordered to divest itself of RCA. In 1927, Ernst Alexanderson of GE made the first demonstration of television broadcast reception at his General Electric Realty Plot home at 1132 Adams Road in Schenectady, New York. On January 13, 1928, he made what
2480-577: The Nobel Prize . Following the Great Recession of the late 2000s decade, General Electric began selling off various divisions and assets, including its appliances and financial capital divisions, under Jeff Immelt 's leadership as CEO. John Flannery, Immelt's replacement in 2017, further divested General Electric's assets in locomotives and lighting in order to focus the company more on aviation. After restrictions on air travel during
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2560-793: The William A. Stickel Memorial Bridge over the Passaic River, which is crossed by the Clay Street Bridge . NJ Transit bus service is available to Newark on the 30 and 76 routes. The closest NJ Transit rail station to East Newark is the Newark Broad Street Station , with connections to the Montclair-Boonton Line and both branches of the Morris & Essex Lines . The station
2640-647: The transmission of electrical power . In 1896, General Electric was one of the original 12 companies listed on the newly formed Dow Jones Industrial Average , where it remained a part of the index for 122 years, though not continuously. In 1911, General Electric absorbed the National Electric Lamp Association (NELA) into its lighting business. GE established its lighting division headquarters at Nela Park in East Cleveland, Ohio . The lighting division has since remained in
2720-551: The 2019 local election. Members of the East Newark Borough Council are Council President Jeanne Zincavage (D, 2023), Jessica Diaz (D, 2022), Rose M. Evaristo (D, 2024), Kenneth J. Graham (D, 2024), Hans Peter Lucas (D, 2023) and Christopher Reis (D, 2022). East Newark is located in the 8th Congressional District and is part of New Jersey's 29th state legislative district. For the 118th United States Congress , New Jersey's 8th congressional district
2800-406: The 232 ballots cast by the borough's 884 registered voters (4 ballots were spoiled), for a turnout of 26.2%. In the 2009 gubernatorial election , Democrat Jon Corzine received 71.8% of the vote (234 ballots cast), ahead of Republican Chris Christie with 21.8% (71 votes) and Independent Chris Daggett with 4.0% (13 votes), among the 326 ballots cast by the borough's 765 registered voters, yielding
2880-405: The 492 ballots cast by the borough's 844 registered voters (6 ballots were spoiled ), for a turnout of 58.3%. In the 2008 presidential election , Democrat Barack Obama received 76.0% of the vote (414 cast), ahead of Republican John McCain with 22.6% (123 votes) and other candidates with 0.7% (4 votes), among the 545 ballots cast by the borough's 904 registered voters, for a turnout of 60.3%. In
2960-476: The 564) statewide that use this form, the most commonly used form of government in the state. The governing body is comprised of the mayor and the borough council, with all positions elected at-large on a partisan basis as part of the November general election. The mayor is elected directly by the voters to a four-year term of office. The borough council includes six members elected to serve three-year terms on
3040-399: The 9HA. After the break, GE developed new protective coatings and heat treatment methods. Gas turbines represent a significant portion of GE Power's revenue, and also represent a significant portion of the power generation fleet of several utility companies in the United States. Chubu Electric of Japan and Électricité de France also had units that were impacted. Initially, GE did not realize
3120-484: The COVID-19 pandemic caused General Electric's revenue to fall significantly in 2020, GE's final CEO Larry Culp announced in November 2021 that General Electric was to be broken up into three separate, public companies— GE Aerospace , GE HealthCare , and GE Vernova —by 2024. The new companies are respectively focused on aerospace, healthcare, and energy. GE HealthCare's spin-off was finalized on January 4, 2023. This
3200-656: The Denver television station until in 1986, when General Electric bought out RCA and made it into an owned-and-operated station by NBC . It even stayed on until 1995 when it was transferred to a joint venture between CBS and Group W in a swap deal, alongside KUTV in Salt Lake City for longtime CBS O&O in Philadelphia, WCAU-TV . Stations are arranged in alphabetical order by state and city of license . Led by Sanford Alexander Moss , GE moved into
3280-529: The U.S. Army Air Corps to select GE to develop the nation's first jet engine during the war. 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. GE was ranked ninth among United States corporations in the value of wartime production contracts. However, their early work with Whittle's designs was later handed to Allison Engine Company . GE Aviation then emerged as one of
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3360-520: The U.S. and Canada. The exact terms of the sale were not disclosed, but the final price would be based on the value of the assets at closing, plus a premium according to the parties. In October 2015, activist investor Nelson Peltz 's fund Trian bought a $ 2.5 billion stake in the company. In January 2016, Haier acquired GE's appliance division for $ 5.4 billion. In October 2016, GE Renewable Energy agreed to pay €1.5 billion to Doughty Hanson & Co for LM Wind Power during 2017. At
3440-466: The United States. In the same census, 6.2% of East Newark's residents identified themselves as being of Brazilian American ancestry, which was the highest percentage of Brazilian American people in any place in the United States. As of the 2000 Census, 7.67% of East Newark's residents identified themselves as being of Ecuadorian ancestry, which was the highest of any municipality in New Jersey and
3520-443: The acquisition of Hydril Pressure & Control in 2008 for $ 1.1 billion. GE Plastics was sold in 2008 to SABIC (Saudi Arabia Basic Industries Corporation). In May 2008, GE announced it was exploring options for divesting the bulk of its consumer and industrial business. On December 3, 2009, it was announced that NBCUniversal would become a joint venture between GE and cable television operator Comcast . Comcast would hold
3600-459: The acquisition of privately held Lineage Power Holdings from The Gores Group . In April 2011, GE announced it had completed its purchase of John Wood plc's Well Support Division for $ 2.8 billion. In 2011, GE Capital sold its $ 2 billion Mexican assets to Santander for $ 162 million and exited the business in Mexico. Santander additionally assumed the portfolio debts of GE Capital in
3680-510: The borough was $ 22,242 (+/− $ 2,054). About 7.9% of families and 12.5% of the population were below the poverty line , including 15.3% of those under age 18 and 16.1% of those age 65 or over. As of the 2000 United States census , there were 2,377 people, 767 households, and 605 families residing in the borough. The population density was 23,330.0 inhabitants per square mile (9,007.8/km ). There were 799 housing units at an average density of 7,842.1 per square mile (3,027.9/km ). The racial makeup of
3760-450: The borough was 67.02% White , 1.68% African American , 0.50% Native American , 2.52% Asian , 0.04% Pacific Islander , 20.99% from other races , and 7.24% from two or more races. Hispanic or Latino of any race were 47.54% of the population. As of the 2000 Census, 10.1% of East Newark's residents identified themselves as being of Peruvian American ancestry. This was the highest percentage of Peruvian American people in any place in
3840-800: The company expanded into cable with the launch of a franchise, which was awarded to a non-exclusive franchise in Schenectady through subsidiary General Electric Cablevision Corporation. On February 15, 1965, General Electric expanded its holdings in order to acquire more television stations to meet the maximum limit of the FCC, and more cable holdings through subsidiaries General Electric Broadcasting Company and General Electric Cablevision Corporation. The company also owned television stations such as KOA-TV (now KCNC-TV ) in Denver and WSIX-TV (later WNGE-TV, now WKRN ) in Nashville, but like WRGB, General Electric sold off most of its broadcasting holdings, but held on to
3920-404: The company was renamed back to Baker Hughes. In May 2017, GE had signed $ 15 billion of business deals with Saudi Arabia . Saudi Arabia is one of GE's largest customers. In September 2017, GE announced the sale of its Industrial Solutions Business to ABB . The deal closed on June 30, 2018. On August 15, 2019, Harry Markopolos , a financial fraud investigator known for his discovery of
4000-630: The company's longtime stake in television and film media. In April 2013, GE acquired oilfield pump maker Lufkin Industries for $ 2.98 billion. In April 2014, it was announced that GE was in talks to acquire the global power division of French engineering group Alstom for a figure of around $ 13 billion. A rival joint bid was submitted in June 2014 by Siemens and Mitsubishi Heavy Industries (MHI) with Siemens seeking to acquire Alstom's gas turbine business for €3.9 billion, and MHI proposing
4080-481: The council. The mayor makes committee and liaison assignments for council members, and most appointments are made by the mayor with the advice and consent of the council. As of 2022 , the Mayor of East Newark is Democrat Dina M. Grilo, whose term of office ends December 31, 2023; Mayor Grilo is the first woman to serve as East Newark's mayor, having defeated Democratic-turned-Republican incumbent mayor Joseph Smith in
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#17327721288114160-531: The country. Following this, GE Capital focused on its core business and shed its non-core assets. In June 2012, CEO and President of GE Jeff Immelt said that the company would invest ₹ 3 billion to accelerate its businesses in Karnataka . In October 2012, GE acquired $ 7 billion worth of bank deposits from MetLife Inc . On March 19, 2013, Comcast bought GE's shares in NBCU for $ 16.7 billion, ending
4240-520: The deal was completed or to the public via an IPO if the deal was not completed. On March 1, 2010, GE announced plans to sell its 20.85% stake in Turkey-based Garanti Bank. In August 2010, GE Healthcare signed a strategic partnership to bring cardiovascular Computed Tomography (CT) technology from start-up Arineta Ltd. of Israel to the hospital market. In October 2010, GE acquired gas engines manufacturer Dresser Industries in
4320-426: The end of October 2016, it was announced that GE was under negotiations for a deal valued at about $ 30 billion to combine GE Oil & Gas with Baker Hughes . The transaction would create a publicly traded entity controlled by GE. It was announced that GE Oil & Gas would sell off its water treatment business, GE Water & Process Technologies, as part of its divestment agreement with Baker Hughes. The deal
4400-589: The entire system to make it more usable, calling the result integrated data management system (IDMS). This database software -related article is a stub . You can help Misplaced Pages by expanding it . General Electric General Electric Company ( GE ) was an American multinational conglomerate founded in 1892, incorporated in the state of New York and headquartered in Boston . The company had several divisions, including aerospace , energy , healthcare , and finance . In 2020, GE ranked among
4480-637: The firm looked to trim down on its holdings and rid itself of its image of a "hybrid" company, working in both banking and manufacturing. In August 2015, GE Capital agreed to sell its Healthcare Financial Services business to Capital One for US$ 9 billion. The transaction involved US$ 8.5 billion of loans made to a wide array of sectors, including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals, and medical devices. Also in August 2015, GE Capital agreed to sell GE Capital Bank's on-line deposit platform to Goldman Sachs . Terms of
4560-502: The largest user of computers outside the United States federal government , aside from being the first business in the world to own a computer. Its major appliance manufacturing plant " Appliance Park " was the first non-governmental site to host one. However, in 1970, GE sold its computer division to Honeywell , exiting the computer manufacturing industry, though it retained its timesharing operations for some years afterward. GE
4640-452: The new field of aircraft turbo superchargers . This technology also led to the development of industrial gas turbine engines used for power production. GE introduced the first set of superchargers during World War I and continued to develop them during the interwar period . Superchargers became indispensable in the years immediately before World War II. GE supplied 300,000 turbo superchargers for use in fighter and bomber engines. This work led
4720-550: The original components of GE. Also in 1986, Kidder, Peabody & Co. , a U.S.-based securities firm, was sold to GE and following heavy losses was sold to PaineWebber in 1994. In 1997, Genpact was founded as a unit of General Electric in Gurgaon . The company was founded as GE Capital International Services (GECIS). In the beginning, GECIS created processes for outsourcing back-office activities for GE Capital such as processing car loans and credit card transactions. It
4800-557: The parent of Universal Pictures from Vivendi . Vivendi bought 20% of NBC, forming the company NBCUniversal . GE then owned 80% of NBCUniversal and Vivendi owned 20%. In 2004, GE completed the spin-off of most of its mortgage and life insurance assets into an independent company, Genworth Financial , based in Richmond, Virginia . In May 2007, GE acquired Smiths Aerospace for $ 4.8 billion. Also in 2007, GE Oil & Gas acquired Vetco Gray for $ 1.9 billion, followed by
4880-516: The remedies proposed by GE were insufficient to resolve the competition concerns resulting from the proposed acquisition of Honeywell". On June 27, 2014, GE partnered with collaborative design company Quirky to announce its connected LED bulb called Link. The Link bulb is designed to communicate with smartphones and tablets using a mobile app called Wink . In December 1985, GE reacquired the RCA Corporation , primarily to gain ownership of
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#17327721288114960-712: The same location. Owen D. Young, who was then GE's general counsel and vice president, through GE, founded the Radio Corporation of America (RCA) in 1919. This came after Young, while working with senior naval officers, purchased the Marconi Wireless Telegraph Company of America , which was a subsidiary of the British company Marconi Wireless and Signal Company. He aimed to expand international radio communications. GE used RCA as its retail arm for radio sales. In 1926, RCA co-founded
5040-462: The third highest percentage of Ecuadorian people in any place in the United States with 1,000 or more residents identifying their ancestry. There were 767 households, out of which 41.9% had children under the age of 18 living with them, 55.0% were married couples living together, 16.0% had a female householder with no husband present, and 21.1% were non-families. 16.0% of all households were made up of individuals, and 5.9% had someone living alone who
5120-516: The time, and GE increased engineering and supplies for the Wind Division and doubled the annual sales to $ 1.2 billion in 2003. It acquired ScanWind in 2009. In 2018, GE Power garnered press attention when a model 7HA gas turbine in Texas was shut down for two months due to the break of a turbine blade . This model uses similar blade technology to GE's newest and most efficient model,
5200-596: The transaction were not disclosed, but the sale included US$ 8 billion of on-line deposits and another US$ 8 billion of brokered certificates of deposit. The sale was part of GE's strategic plan to exit the U.S. banking sector and to free itself from tightening banking regulations. GE also aimed to shed its status as a "systematically important financial institution". In September 2015, GE Capital agreed to sell its transportation finance unit to Canada's Bank of Montreal . The unit sold had US$ 8.7 billion (CA$ 11.5 billion) of assets, 600 employees, and 15 offices in
5280-504: The turbine blade issue of the 9FB unit would impact the new HA units. GE was one of the eight major computer companies of the 1960s along with IBM , Burroughs , NCR , Control Data Corporation , Honeywell , RCA , and UNIVAC . GE had a line of general purpose and special purpose computers, including the GE 200 , GE 400 , and GE 600 series general-purpose computers, the GE/PAC 4000 series real-time process control computers, and
5360-461: The world's largest engine manufacturers, bypassing the British company Rolls-Royce plc . Some consumers boycotted GE light bulbs, refrigerators, and other products during the 1980s and 1990s. The purpose of the boycott was to protest against GE's role in nuclear weapons production. In 2002, GE acquired the wind power assets of Enron during its bankruptcy proceedings. Enron Wind was the only surviving U.S. manufacturer of large wind turbines at
5440-497: Was 31.9 years. For every 100 females, the population had 101.8 males. For every 100 females ages 18 and older there were 100.1 males. The Census Bureau's 2006–2010 American Community Survey showed that (in 2010 inflation-adjusted dollars) median household income was $ 54,722 (with a margin of error of +/− $ 5,909) and the median family income was $ 59,423 (+/− $ 9,367). Males had a median income of $ 41,173 (+/− $ 3,762) versus $ 28,224 (+/− $ 4,249) for females. The per capita income for
5520-412: Was 63.01% (1,516) White , 1.91% (46) Black or African American , 0.42% (10) Native American , 7.81% (188) Asian , 0.04% (1) Pacific Islander , 22.90% (551) from other races , and 3.91% (94) from two or more races. Hispanic or Latino of any race were 61.39% (1,477) of the population. Of the 759 households, 36.6% had children under the age of 18; 45.2% were married couples living together; 18.7% had
5600-457: Was 65 years of age or older. The average household size was 3.10 and the average family size was 3.40. In the borough the population was spread out, with 25.9% under the age of 18, 10.9% from 18 to 24, 36.7% from 25 to 44, 18.8% from 45 to 64, and 7.6% who were 65 years of age or older. The median age was 32 years. For every 100 females, there were 103.9 males. For every 100 females age 18 and over, there were 104.5 males. The median income for
5680-751: Was a chargeable program product . At this time the original version was labeled IDS/I. It was not easy to use or implement applications with IDS, because it was designed to maximize performance using the hardware available at that time. However, that weakness was equally its strength because skilful implementations of IDS-type databases, such as British Telecom's huge CSS project (an IDMS database servicing more than 10 billion transactions per year), show levels of performance on terabyte-sized databases that are unmatchable by all relational database implementations. Charles Bachman's innovative design work continues to find state-of-the-art application with major commercial operations. Later, BF Goodrich Chemical Co. , rewrote
5760-606: Was a major provider of computer time-sharing services through General Electric Information Services (GEIS, now GXS), offering online computing services that included GEnie . In 2000, when United Technologies Corp. planned to buy Honeywell, GE made a counter-offer that was approved by Honeywell. On July 3, 2001, the European Union issued a statement that "prohibit the proposed acquisition by General Electric Co. of Honeywell Inc.". The reasons given were it "would create or strengthen dominant positions on several markets and that
5840-602: Was an experimental concept at the time and the beginning of the business process outsourcing (BPO) industry. GE sold 60% stake in Genpact to General Atlantic and Oak Hill Capital Partners in 2005 and hived off Genpact into an independent business. GE is still a major client to Genpact today for services in customer service, finance, information technology, and analytics. In 2001, GE acquired Spanish-language broadcaster Telemundo and incorporated it into NBC. In 2002, Francisco Partners and Norwest Venture Partners acquired
5920-666: Was cleared by the EU in May 2017, and by the United States Department of Justice in June 2017. The merger agreement was approved by shareholders at the end of June 2017. On July 3, 2017, the transaction was completed, and Baker Hughes became a GE company and was renamed Baker Hughes, a GE Company (BHGE). In November 2018, GE reduced its stake in Baker Hughes to 50.4%. On October 18, 2019, GE reduced its stake to 36.8% and
6000-618: Was expected to be completed in 2015. In October 2014, GE announced it was considering the sale of its Polish banking business Bank BPH . Later in 2014, General Electric announced plans to open its global operations center in Cincinnati , Ohio. The Global Operations Center opened in October 2016 as home to GE's multifunctional shared services organization. It supports the company's finance/accounting, human resources, information technology, supply chain, legal and commercial operations, and
6080-608: Was fired from GE in 1958 by Ralph J. Cordiner for overstepping his bounds and successfully gaining the ERMA contract. Cordiner was strongly against GE entering the computer business because he did not see the potential in it. In 1962, GE started developing its GECOS (later renamed GCOS) operating system , originally for batch processing , but later extended to time-sharing and transaction processing . Versions of GCOS are still in use today. From 1964 to 1969, GE and Bell Laboratories (which soon dropped out) joined with MIT to develop
6160-529: Was followed by the spin-off of GE's portfolio of energy businesses on April 2, 2024, into GE Vernova. Following these transactions, General Electric Company changed its trading name to GE Aerospace, pivoted to aviation, and ceased to exist as a conglomerate. During 1889, Thomas Edison (1847–1931) had business interests in many electricity-related companies, including Edison Lamp Company, a lamp manufacturer in East Newark, New Jersey ; Edison Machine Works ,
6240-663: Was incorporated in New York on April 24, 1889. The new company acquired Sprague Electric Railway & Motor Company in the same year. The consolidation did not involve all of the companies established by Edison; notably, the Edison Illuminating Company , which would later become Consolidated Edison , was not part of the merger. In 1880, Gerald Waldo Hart formed the American Electric Company of New Britain, Connecticut , which merged
6320-457: Was incorporated in New York, with the Schenectady plant used as headquarters for many years thereafter. Around the same time, General Electric's Canadian counterpart, Canadian General Electric , was formed. In 1893, General Electric bought the business of Rudolf Eickemeyer in Yonkers, New York , along with all of its patents and designs. Eickemeyer's firm had developed transformers for use in
6400-433: Was said to be the first broadcast to the public in the United States on GE's W2XAD : the pictures were picked up on 1.5 square inches (9.7 square centimeters) screens in the homes of four GE executives. The sound was broadcast on GE's WGY (AM) . Experimental television station W2XAD evolved into the station WRGB , which, along with WGY and WGFM (now WRVE ), was owned and operated by General Electric until 1983. In 1965,
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