80-549: ProScan is a consumer electronics manufacturer and has a trademark in continuous use since 1990. It is one brand of the French company Technicolor SA (previously named Thomson SA) with products competing with higher-end electronics. The ProScan name is owned by Technicolor USA, Inc (previously named Thomson Consumer Electronics). The company created television and video products to compete with Sony 's Trinitron XBR , Pioneer's Elite , and other electronics brand lines. Competition
160-518: A softswitch manufacturer, was incorporated and acquired in April 2005. In July 2005, Thomson agreed to purchase PRN Corporation for $ 285 million. In December 2005, Thomson re-purchased the Broadcast & Multimedia part of Thales Group . In 2004, Thomson set up a joint venture (TTE) with China's TCL , giving to TCL all manufacturing of RCA and Thomson television and DVD products and making TCL
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
320-583: A 25% stake in Vantiva. The acquisition of CommScope's Home Network was completed on 2 January 2024. Connected Home is Vantiva's division producing broadband gateway boxes, set-top boxes and Android TV . As of September 2020, it had the highest market share (outside of China) in the broadband gateways and modems market. Supply Chain Solutions manufactures, packages, distributes and manages supply chain of DVD and Blu-Ray discs for US film studios and
400-565: A binding offer for its Research & Innovation Activity from the same company. In December 2019, Technicolor and its former CEO, Frederic Rose, were indicted in France on charges of fraud and breach of trust in connection with their role in the bankruptcy of Tarak Ben Ammar's post-production group, Quinta Industries, and its subsequent acquisition of the company in January 2012. In June 2020, Technicolor filed for Chapter 15 bankruptcy due to
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,
640-578: 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
720-443: A global studio The Mill made the decision to scale up for a creative future, investing in new talent, production capabilities, and immersive technologies. In the same month, Technicolor Creative Studios announced the integration of MPC Film, MPC Episodic and MR. X under Moving Picture Company (MPC) , forming the largest suite of VFX studios serving the feature film and episodic market globally. In February 2022, Technicolor announced
800-462: 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
880-553: A lamp manufacturer in East Newark, New Jersey ; Edison Machine Works , 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
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#1732802406461960-616: A minority stake in Technicolor of up to 29.94%. Following the deal, on 21 June 2012, Technicolor named Remy Sautter as Chairman of the Board and appointed two Vector Capital representatives to the board, Alexander Slusky and David Fishman. On 3 July 2012 the Technicolor broadcast services division was acquired by Ericsson . On 10 June 2014 Technicolor announced the acquisition of the Canadian VFX studio Mr. X Inc. The same year
1040-474: A plan for the creation of interactive Innovation centers, where early research projects could be demonstrated to industry leaders and clients in a close-up format, allowing for more strategic advanced product development. The centers (in Burbank , USA; Rennes , France ; Hannover , Germany ; and Beijing , China) were so successful, de Wolff and Thomson CTO, Jean-Charles Hourcade subsequently decided to launch
1120-491: A series of acquisitions, including with Marconi plc , before becoming Thales in 2000. In 2005, Thomson bought Cirpack and Inventel . In 2000, Thomson Multimedia purchased Technicolor from Carlton Television (owned by Carlton Communications ) in the UK and began a move into the broadcast management, facilities and services market with the purchase of Corinthian Television, becoming Thomson Multimedia. In Q1 of 2001 it purchased
1200-693: A significant improvement in profitability, despite supply constraint challenges affecting both Connecting Home and Technicolor Creative Studios ." Meanwhile, in May 2021, Technicolor launched Technicolor Creative Studios, forming a global structure to drive its family of studios. The studio network included The Mill, MPC (Film, Episodic & Advertising), Mikros Animation and Mr. X. Christian Roberton, President of Technicolor Creative Studios announced that up to 4,000 VFX artists were anticipated to be hired. In January 2022, The Mill united with MPC Advertising to create one global studio network under The Mill brand. As
1280-528: Is focused mainly on price to size ratio. The tagline for ProScan is "So advanced, yet so simple." Once the premium sub-brand of RCA TVs, the ProScan name is owned by Technicolor, which controls RCA as well. The brand is currently licensed in North America by Curtis International, an Ontario, Canada, manufacturer and distributor of value-based consumer electronics products. The ProScan brand superseded
1360-469: 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
1440-487: The COVID-19 pandemic and went through a restructuring process following the appointment of former Eir CEO Richard Moat . In 2021, the Technicolor post-production brand was sold to LA-based Streamland Media. The sale was part of a strategic decision to focus on visual effects and animation for film, advertising, gaming and live events. Following the restructuring, Technicolor reported "a positive third quarter 2021, and
1520-569: 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
1600-505: 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
1680-577: 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
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#17328024064611760-561: 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
1840-499: The RCA Corporation , GE sold their consumer electronics division to Thomson, in exchange for some of Thomson's medical businesses. Thomson Consumer Electronics was formed to market products under the GE and RCA brand names. In 1995, the French government split the consumer electronics from the defense businesses of Thomson Multimedia and Thomson-CSF prior to privatization in 1999. Following privatization, Thomson-CSF went through
1920-672: The RCA Dimensia line in the early 1990s after the purchase of RCA by General Electric and lasted into the early 2000s until it was dropped for the RCA Scenium brand. Thomson SA has never manufactured or distributed televisions in the United States labeled Thomson. In 2006, Thomson Consumer Electronics licensed the Proscan name to ON corporation, although they retain ownership of the name and logotype. Electronics are under
2000-568: The Vanderbilt family . Henry Villard, 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
2080-647: 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
2160-399: 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
2240-725: The Broadcast Division of Koninklijke Philips (Philips Broadcast) then in 2002 acquired the Grass Valley Group, Inc. from Dr. Terence Gooding of San Diego, CA. Thomson then purchased the Moving Picture Company from ITV and the internet startup Singingfish , but then sold it to AOL in late 2004. In 2004, Thomson increased its stake in the Bangalore, India based company Celstream Technologies, which specializes in product engineering. Cirpack ,
2320-748: The CD and games industry. In August 2021, the division announced its diversification outside of media and entertainment, designing and manufacturing components and consumables for the medical devices and life sciences industries. Building on its experience of sub-micron engineering in DVD manufacturing, combined with custom packaging and international distribution, Vantiva has diversified into precision manufacturing, supply chain, fulfillment, freight and distribution. Smart Storage sells systems for real-time monitoring of physical and environmental conditions of self-storage facilities, allowing remote management by premise managers and
2400-656: 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
2480-802: 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 . 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
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2560-666: The Francisco Partners in July and December along with the Transmission business to PARTER Capital Group; Head-end to the FCDE (Fonds de Consolidation et de Développement des Entreprises), and reintegration of PRN. On 20 June 2012 Vector Capital won a competitive bid for a minority stake in Technicolor, beating JP Morgan with a surprise, last-minute bid. With the investment of €167 - 191 million, Vector Capital will retain
2640-529: 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
2720-520: 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
2800-443: 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
2880-459: 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
2960-579: The acquisition, Technicolor's Indian offices in Delhi were merged into Paprikaas, and the resulting studio was rebranded Technicolor India in May 2010. In December 2007, Thomson SA agreed to sell off its Audio/Video and Accessories businesses (sold under the RCA and Thomson brands) except for communications products such as cordless phones to Audiovox . In October 2007, Thomson SA agreed to sell its consumer electronics audio video business outside Europe including
3040-457: The brand used by Curtis International. Formally made by OnCorp, then ActiveON, ProScan was made by Curtis International from 2011 until 2019. This electronics-related article is a stub . You can help Misplaced Pages by expanding it . Technicolor SA Vantiva SA , formerly Technicolor SA , Thomson SARL , Thomson SA , and Thomson Multimedia , is a French multinational corporation that provides creative services and technology products for
3120-445: The color picture tube manufacturing business from Thomson SA for €240 million. In early 2010, Thomson sold the rights to manufacture RCA branded televisions to ON Corporation. In September 2005, Thomson first showed its Infinity camcorder. At the April 2006 launch, this was described as "a new line of IT-based acquisition, recording and storage devices." It was designed to end the stranglehold of proprietary products in this market, and
3200-817: The communication, media and entertainment industries. Vantiva is headquartered in Paris , with offices in Rennes , Beijing , Seoul , Chennai , Edegem (a suburb of Antwerp ), Norcross, Georgia (U.S), and Memphis, Tennessee . On 27 January 2010, Thomson Multimedia changed its name to Technicolor SA, re-branding the entire company after its US film technology subsidiary. Thomson's US subsidiary became Technicolor USA, Inc. As of 27 September 2022, Technicolor Creative Studios (now Technicolor Group ) has spun-off from Technicolor SA, which has been rebranded as Vantiva. Vantiva operates as 3 separate divisions: Vantiva acquired CommScope's Home Networks on 2 January 2024. Thomson
3280-414: The company also shut down its last film lab. On 25 February 2015 Technicolor acquired the French independent animation producer OuiDo! Productions . On July 23 of the same year, Cisco Systems announced the sale of its television set-top box and cable modem business to Technicolor for $ 600 million—part of a division originally formed by Cisco's $ 6.9 billion purchase of Scientific Atlanta . The deal
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3360-800: 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
3440-572: The company more on aviation. After restrictions on air travel during 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
3520-573: The company stock. In 1982, both Thomson-Brandt and Thomson-CSF were nationalized due to the efforts of François Mitterrand . Thomson-Brandt was subsequently renamed Thomson SA ( Société Anonyme ), and soon thereafter merged with Thomson-CSF. Forming the Thompson group, made up of Thompson-CSF which focused on radio and broadcasting equipment and later electronics for defense and aerospace, and Thomson Multimedia which focused on consumer electronics. In 1988, two years after General Electric absorbed
3600-404: 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
3680-630: 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
3760-531: 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
3840-520: 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
3920-425: The demand from streaming services. Technicolor Creative Studios' spin-off was completed on 27 September 2022, on the same day Technicolor announced that the company as a whole would be rebranding to Vantiva. As of November 2022, Vantiva still owns 35% of TCS but operates as an independent entity from Vantiva. In October 2023, Vantiva announced its plan to acquire CommScope ’s Home Networks division in exchange for
4000-426: 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
4080-462: The facility's customers. In September 2023, Vantiva launched a sub-division of Smart Spaces called Smart Storage. Technicolor's Trademark Licensing division owned and managed consumer electronics brands such as RCA and Thomson. On 31 May 2022 Technicolor closed the sale of its Trademark Licensing operations for c.€100 million. Technicolor Creative Studios operates four main studios: General Electric General Electric Company ( GE )
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#17328024064614160-637: 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
4240-533: The global leader in TV manufacturing (Thomson still controlled the brands themselves and licensed them to TTE). At the time, TCL was hailed as the first Chinese company to compete on the international stage with large international corporations. Thomson initially retained all marketing of TTE's products, but transferred that to TTE in 2005. In June 2005, the Videocon Group of India announced that it would acquire
4320-502: 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
4400-452: 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
4480-550: 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
4560-557: 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
4640-452: 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
4720-666: The research demos at IBC and NAB trade shows, despite strong opposition from several business units. In February 2007, Thomson Multimedia 's Technicolor Content Services division announced that it had invested in Indian animation studio Paprikaas to expand its entertainment services capabilities. In December 2007, Technicolor partnered with DreamWorks Animation to assist Paprikass in the "recruitment, training and development of top-tier animation talent". By January 2010, Technicolor had raised its ownership in Paprikaas to 100%. Following
4800-712: 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
4880-422: The spin-off of its Technicolor Creative Studios division into an independent entity to be listed on Euronext Paris. Technicolor SA was to retain 35% of the new company's capital. Technicolor also shared in its annual results that all three divisions of the group were profitable and two thirds of the 2022 pipeline were already booked for Technicolor Creative Studios, evidencing the dynamism of the film sector driven by
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#17328024064614960-516: 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,
5040-596: 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
5120-504: 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
5200-461: 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
5280-537: The worldwide rights to the RCA brand. On 29 January 2009 Thomson announced its intention to sell the PRN and Grass Valley businesses to focus on services business and improve its financial position. This was one of the consequences of an enormous financial crisis in 2009, which forced the company to a total financial restructuring to avoid bankruptcy. From 2010 to February 2011, "Technicolor" (having rebranded itself) divested these sub-businesses: Grass Valley and Broadcast to
5360-606: 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
5440-602: 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
5520-608: 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 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
5600-617: 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
5680-587: Was closed on November 20 same year. On 15 September 2015 Technicolor acquired London-based The Mill for €259 million, or $ 293.4 million. On 13 November 2015 Technicolor acquired the North American optical disc manufacturing and distribution assets from Cinram Group, Inc. for approximately €40 million. In July 2018, Technicolor closed the sale of its Patent Licensing business to InterDigital for $ 475m and in February 2019, announced it has received
5760-618: 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
5840-435: Was finalized on January 4, 2023. This 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,
5920-608: 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
6000-483: Was formed in Paris, a sister company to GE in the United States. It was from this company that the modern Thomson Group would evolve. In 1966, CFTH merged with Hotchkiss-Brandt to form Thomson-Houston-Hotchkiss-Brandt (soon renamed Thomson-Brandt). In 1968, the electronics business of Thomson-Brandt merged with Compagnie Générale de Télégraphie Sans Fil (CSF) to form Thomson-CSF . Thomson Brandt kept approximately 40% of
6080-663: 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
6160-457: 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
6240-550: Was inspired by a Grass Valley executive's trip to Fry's Electronics in Burbank to buy a computer backup device. The product failed to take market share from the predominant players in News Acquisition, Sony and Panasonic. It was too heavy and used too much power, which reduced battery life and increased heat. Its production was discontinued in 2010. Also in 2005, Thomson marketing executive Nicholas de Wolff developed
6320-892: Was named after the electrical engineer Elihu Thomson , who was born in Manchester , England, on 26 March 1853. Thomson moved to Philadelphia , USA, at the age of 5, with his family. Thomson formed the Thomson-Houston Electric Company in 1879 with Edwin Houston . The company merged with the Edison General Electric Company to become the General Electric Company in 1892. In 1893, the Compagnie Française Thomson-Houston (CFTH)
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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