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75-502: The 60 MWth reactor was designed and built by Canadian General Electric for a cost of $ 14.5 million CAD. The construction started 1 November 1962. It achieved criticality on 1 November 1965 and full power in December 1965. An effort to commercialized the design began in 1971 but ended in 1973 when the heavy water cooled units became the standard. From then on WR-1 operated at reduced power limits for irradiation experiments and heating

150-464: A chain reaction . U is insensitive to these neutrons and it thus not fissile like U. While U is sensitive to these neutrons, the reaction rate is greatly improved if the neutrons are slowed from their original relativistic speeds to much lower energies, the so-called thermal neutron velocities. In a mass of pure natural uranium, the number and energy of the neutrons being released through natural decay are too low to cause appreciable fission events in

225-538: 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

300-465: A 500 MWe CANDU-OCR, based on uranium carbide fuel. Carbide fuels would corrode in water but not the oil coolant. Carbide fuels were much easier to produce than the more complex ceramics being used in most reactor designs. This design effort was shut down in 1973, but WR-1 tested the concept anyway. Another possibility was to use metallic fuel, which would increase the density of the fuel and offer higher burnup . The metallic fuel conducts heat better so that

375-594: 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. Neutron embrittlement Neutron embrittlement , sometimes more broadly radiation embrittlement ,

450-538: 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

525-590: 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,

600-578: 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

675-408: A higher boiling point, the reactor could be operated at higher temperatures. This not only reduced the amount of coolant needed to remove a given amount of energy, and thereby reduced the physical size of the core, but also increases the efficiency of the turbines used to extract this energy for electrical generation. WR-1 ran with outlet temperatures up to 425 °C, compared to about 310 °C in

750-560: A higher power core could be used in the same space. There were three loss-of-coolant-accidents that took place at WR-1 over its lifetime. Two reached the Winnipeg River. The first leak was in 1967, where approximately 300 litres of coolant reached the river through the outfall (the discharge point of the liquid waste) as a result of a pin-hole leak in one of the tubes in the heat exchanger. The second leak took place in 1977: AECL calculated that between 900 kg and 1,100 kg of coolant

825-515: 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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900-553: 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

975-455: A large metal cylinder containing the fuel and moderating water, which is run under high pressure in order to increase the boiling point of the water so that it removes heat more efficiently. At the time CANDU was being designed, Canada lacked the facilities to make such large pressure vessels, especially ones large enough to run on natural uranium. The solution was to enclose the pressurized heavy water within smaller tubes and then insert these into

1050-413: A much larger low-pressure vessel known as the calandria . One major advantage of this layout is that the fuel can be removed from the individual tubes which allow the design to be refuelled while operating, while conventional designs require the entire reactor core to be shut down. A small disadvantage is that tubes absorb some neutrons as well, but not nearly enough to offset the improved neutron economy of

1125-423: A number of alternative fuel cycles that mix in even less reactive elements. The downside to this approach is that the U atoms in the fuel are spread out through a larger fuel mass, which makes the reactor core larger for any given power level. This can lead to higher capital costs for building the reactor core. To address the cost issue, CANDU uses a unique reactor core layout. Conventional reactor designs consist of

1200-466: A specific core design that reduces the number of neutrons hitting the vessel wall. Moreover, PWR designs must be especially mindful of embrittlement because of pressurized thermal shock, an accident scenario that occurs when cold water enters a pressurized reactor vessel, introducing large thermal stress . This thermal stress may cause fracture if the reactor vessel is sufficiently brittle. This nuclear physics or atomic physics –related article

1275-463: Is addressed by slightly increasing the amount of U relative to U, a process known as enrichment . The resulting fuel typically contains between 3 and 5% U, up from the natural value of just under 1%. The leftover material, now containing almost no U and consisting of almost pure U, is known as depleted uranium . The CANDU design addresses the moderation problem by replacing the normal water with heavy water . Heavy water already has an extra neutron, so

1350-521: 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

1425-422: Is the embrittlement of various materials due to the action of neutrons . This is primarily seen in nuclear reactors , where the release of high-energy neutrons causes the long-term degradation of the reactor materials. The embrittlement is caused by the microscopic movement of atoms that are hit by the neutrons; this same action also gives rise to neutron-induced swelling causing materials to grow in size, and

1500-569: 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

1575-505: 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

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1650-577: 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

1725-561: 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

1800-568: 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

1875-572: The Wigner effect causing energy buildup in certain materials that can lead to sudden releases of energy . Neutron embrittlement mechanisms include: Neutron irradiation embrittlement limits the service life of reactor-pressure vessels (RPV) in nuclear power plants due to the degradation of reactor materials. In order to perform at high efficiency and safely contain coolant water at temperatures around 290°C and pressures of ~7 MPa (for boiling water reactors ) to 14 MPa (for pressurized water reactors ),

1950-647: 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

2025-462: 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

2100-656: 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

2175-802: 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

2250-567: The RPV must be heavy-section steel. Due to regulations, RPV failure probabilities must be very low. To achieve sufficient safety, the design of the reactor assumes large cracks and extreme loading conditions. Under such conditions, a probable failure mode is rapid, catastrophic fracture if the vessel steel is brittle. Tough RPV base metals that are typically used are A302B, A533B plates, or A508 forgings; these are quenched and tempered, low-alloy steels with primarily tempered bainitic microstructures. Over

2325-529: 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

WR-1 - Misplaced Pages Continue

2400-520: 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

2475-587: The WNRE site. WR-1 was shut down for the last time on 17 May 1985, was defuelled, and as of 2013 is undergoing decommissioning scheduled to be completed in 2023. Natural uranium consists of a mix of isotopes , mostly U and a much smaller amount of U. Both of these isotopes can undergo fission when struck by a neutron of sufficient energy, and as part of this process, they will give off medium-energy neutrons. However, only U can undergo fission when struck by neutrons from other uranium atoms, allowing it to maintain

2550-443: 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

2625-459: 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

2700-399: The amount of dissolved fuel, and in turn, radiation in the cooling system. The organic liquid that was selected, OS-84, is a mixture of terphenyls treated catalytically with hydrogen to produce 40 percent saturated hydrocarbons . The terphenyls are petrochemical derivatives that were readily available and were already in use as heat transfer media. Additionally, by using a material with

2775-420: The chance that a fission neutron will be absorbed during moderation is largely eliminated. Additionally, it is subject to other reactions that further increase the number of neutrons released during operation. The neutron economy is improved to the point where even unenriched natural uranium will maintain criticality, which greatly reduces the complexity and cost of fueling the reactor, and also allows it to use

2850-800: 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

2925-572: 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

3000-404: 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

3075-630: 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

WR-1 - Misplaced Pages Continue

3150-405: The conventional CANDU. This also meant that there is no need to pressurize the cooling fluid beyond what is needed to force it through the cooling tubes at the required rate, whereas water must be held under high pressure to allow it to reach higher temperatures. This allowed the fuel tubes to be made thinner, reducing the number of neutrons lost in interactions with the tubing, and further increasing

3225-458: The cost of processing the fuel while also requiring materials that are both non-corrosive while also being less susceptible to neutron embrittlement . More of an issue is the fact that water has a low boiling point , limiting the operating temperatures. This was the basic premise of the organic nuclear reactor design. In the CANDU layout, the moderator and coolant both used heavy water, but there

3300-531: 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

3375-520: 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

3450-426: 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

3525-444: The few U atoms present. In order to increase the rate of neutron capture to the point where a chain reaction can occur, known as criticality , the system has to be modified. In most cases, the fuel mass is separated into a large number of smaller fuel pellets and then surrounded by some form of neutron moderator that will slow the neutrons, thereby increasing the chance that the neutrons will cause fission in U in other pellets. Often

3600-637: 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

3675-412: The heavy water design. A significant problem with using any sort of water as a coolant is that the water tends to dissolve the fuel and other components and ends up becoming highly radioactive as these materials are deposited in the water. This is mitigated by using particular alloys for the tubes and processing the fuel into a ceramic form. While effective at reducing the rate of dissolution, this adds to

3750-502: 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

3825-420: The neutron economy. The reactor had vertical fuel channels, in contrast with the normal CANDU arrangement where the tubes are horizontal. The reactor did not use conventional control rods, but relied on control of the level of the heavy water moderator to adjust the power output. The reactor could be shut down quickly ( SCRAMed ) by the rapid dumping of the moderator. In 1971 AECL initiated design engineering of

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3900-452: 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

3975-550: 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

4050-557: 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

4125-467: The past few decades, RPV embrittlement has been addressed by the use of tougher steels with lower trace impurity contents, the decrease of neutron flux that the vessel is subject to, and the elimination of beltline welds. However, embrittlement remains an issue for older reactors. Pressurized water reactors are more susceptible to embrittlement than boiling water reactors. This is due to PWRs sustaining more neutron impacts. To counteract this, many PWRs have

4200-516: 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

4275-712: 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

4350-494: The simplest moderator to use is normal water; when a neutron collides with a water molecule it transfers some of its energy to it, increasing the temperature of the water and slowing the neutron. The main problem with using normal water as a moderator is that it also absorbs some of the neutrons. The neutron balance in the natural isotopic mix is so close that even a small number being absorbed in this fashion means there are too few to maintain criticality. In most reactor designs this

4425-516: 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,

4500-596: 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

4575-504: 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

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4650-461: 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

4725-606: 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

4800-602: 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

4875-608: 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

4950-666: 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

5025-410: Was deposited on the riverbed up to 1 km downstream of the outfall, and was subsequently cleaned up and monitored. The third coolant leak occurred in 1978 where the leaked coolant was cleaned up and stored on site and no coolant was released into the river. In 2006, AECL analyzed river sediment core samples at areas downstream of the site where deposits from the outfall were found. AECL concluded that there

5100-618: 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

5175-435: 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,

5250-608: 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

5325-663: 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

5400-457: 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

5475-480: Was no contamination of the river sediments that would have an ecological impact or affect human health. WR1 was shut down for the last time for economic reasons, on May 17, 1985 although it was the youngest of AECL 's large research reactors. The reactor is in an interim decommissioning stage, defuelled and largely disassembled. The site will be returned to greenfield status at the end of decommissioning. General Electric General Electric Company ( GE )

5550-435: Was no reason for this other than expediency. Since the bulk of the moderation occurred in the calandria mass, replacing the small amount of heavy water in the fuel tubes with some other coolant was straightforward, unlike conventional light water designs where some other moderator would have to be added. Using oil meant the issues with corrosion were greatly reduced, allowing more conventional metals to be used while also reducing

5625-433: 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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