Editing General Electric (section)

==History==
{{further|Timeline of General Electric}}

===Formation===
[[File:General Electric Shops, Schenectady, NY, aerial view, 1896.jpg|thumb|left|General Electric in [[Schenectady, New York]], aerial view, 1896]]
[[File:General Electric Shops, Schenectady, NY, 1896.jpg|thumb|left|Plan of Schenectady plant, 1896<ref>[[Arnold, Horace L.]] "[https://archive.org/stream/factoryindustria11newy#page/262/mode/2up Modern Machine-Shop Economics. Part II] {{Webarchive|url=https://web.archive.org/web/20160127190359/https://archive.org/stream/factoryindustria11newy#page/262/mode/2up |date=January 27, 2016 }}" in ''[[Engineering Magazine]]'' 11. 1896</ref>]]
[[File:570 Lexington Avenue (General Electric Building) 001.jpg|thumb|right|upright|[[General Electric Building]] at 570 Lexington Avenue, New York]]

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]], a manufacturer of [[dynamo]]s and large [[electric motor]]s in [[Schenectady, New York]]; Bergmann & Company, a manufacturer of electric [[Light fixture|lighting fixtures]], [[Lightbulb socket|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]].<ref>{{cite web|title=Electricity |url=http://www.coned.com/history/electricity.asp |work=A Brief History of Con Edison |publisher=Con Edison |access-date=February 3, 2013 |url-status=dead |archive-url=https://web.archive.org/web/20121030164753/http://www.coned.com/history/electricity.asp |archive-date=October 30, 2012}}</ref>

Henry Villard, a long-time Edison supporter and investor, proposed to consolidate all of these business interests.<ref name=":1">{{Cite book |last=Bradley, Jr. |first=Robert |title=Edison to Enron: Energy Markets and Political Strategies |publisher=John Wiley & Sons |year=2011 |isbn=978-0-470-91736-7 |location=Hoboken, NJ |pages=54 |language=en}}</ref> The proposal was supported by [[Samuel Insull]] - who served as his secretary and, later, financier<ref>{{Cite book |last=Josephson |first=Matthew |title=Edison: A Biography |publisher=Plunkett Lake Press |year=2019 |location=Lexington, Massachusetts |language=en}}</ref> - as well other investors.<ref name=":1" /> 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 was incorporated in New York on April 24, 1889. The new company acquired [[Sprague Electric Railway & Motor Company]] in the same year.<ref>{{cite web |title=Edison Companies |url=http://edison.rutgers.edu/list.htm |work=The Thomas Edison Papers |publisher=Rutgers University |access-date=February 3, 2013 |archive-url=https://web.archive.org/web/20131008140933/http://edison.rutgers.edu/list.htm |archive-date=October 8, 2013 |url-status=dead}}</ref><ref name="jpmorgan">{{cite web |title=FAQs: How did the firm impact the advent of electricity? |url=http://www.jpmorgan.com/pages/jpmorgan/about/history/faq#Question_10 |publisher=J.P. Morgan |access-date=February 3, 2013 |archive-url=https://web.archive.org/web/20121113224930/http://www.jpmorgan.com/pages/jpmorgan/about/history/faq#Question_10 |archive-date=November 13, 2012 |url-status=live }}</ref> 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.{{Citation needed|date=November 2023}}

In 1880, Gerald Waldo Hart formed the American Electric Company of [[New Britain, Connecticut]], which merged a few years later with [[Thomson-Houston Electric Company]], led by [[Charles A. Coffin|Charles Coffin]]. In 1887, Hart left to become superintendent of the Edison Electric Company.<ref>''Connecticut History Makers'', by Elias Robert Stevenson, 1930</ref> 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.<ref name="jpmorgan"/> The original plants of both companies continue to operate under the GE banner to this day.<ref>{{cite web |url=http://www.ge.com/company/history/edison.html |title=Thomas Edison & GE |publisher=GE company web site |access-date=December 22, 2009 |archive-url=https://web.archive.org/web/20100212103128/http://www.ge.com/company/history/edison.html |archive-date=February 12, 2010 |url-status=dead }}</ref>

The General Electric business 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.<ref>{{Cite book|url={{google books |plainurl=y |id=X_P0AwAAQBAJ|page=72}}|title=Canadian-American Industry|last1=Marshall|first1=Herbert|last2=Southard|first2=Frank|last3=Taylor|first3=Kenneth W.|date=January 15, 1976|publisher=McGill-Queen's Press – MQUP|isbn=9780773591363|page=72|language=en}}</ref>

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 [[transformer]]s for use in the [[electric power transmission|transmission of electrical power]].<ref name="IEEEPER (1996)">{{cite journal |title=The Magnetic Force of Charles Proteus Steinmetz |journal=IEEE Power Engineering Review |date=Feb 1996 |volume=16 |issue=9 |page=7 |doi=10.1109/MPER.1996.535476 |s2cid=44921529 }}</ref>

===Public company===
In 1896, General Electric was one of the [[Dow Jones Industrial Average#History|original 12]] companies listed on the newly formed [[Dow Jones Industrial Average]],<ref>{{Cite news|url=https://www.forbes.com/sites/steveschaefer/2011/07/15/the-first-12-dow-components-where-are-they-now/|title=The First 12 Dow Components: Where Are They Now?|last=Schaefer|first=Steve|work=Forbes|access-date=January 5, 2018|language=en|archive-url=https://web.archive.org/web/20180105233647/https://www.forbes.com/sites/steveschaefer/2011/07/15/the-first-12-dow-components-where-are-they-now/|archive-date=January 5, 2018|url-status=live}}</ref> where it remained a part of the index for 122 years, though not continuously.<ref>{{cite web |url=http://www.quasimodos.com/info/dowhistory.html |title=History of the Dow – Timeline of Companies |publisher=Quasimodos.com |date=January 4, 1984 |access-date=April 23, 2012 |archive-url=https://web.archive.org/web/20120422155542/http://www.quasimodos.com/info/dowhistory.html |archive-date=April 22, 2012 |url-status=live }}</ref>

[[File:Carmen Miranda by General Electric (1945).jpg|thumb|upright|alt=1945 magazine ad for an FM radio with pictures of Miranda|[[Carmen Miranda]] in a 1945 advertisement for a General Electric FM radio in ''[[The Saturday Evening Post]]'']]

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 the same location.<ref>{{Cite news|url=http://www.cleveland.com/insideout/index.ssf/2016/12/nela_park_light_display_hower.html|title=Nela Park holiday lights, Hower House Museum display and recycle holiday lights: Home and Garden News|work=cleveland.com|access-date=March 24, 2017|language=en-US|archive-url=https://web.archive.org/web/20170621225754/http://www.cleveland.com/insideout/index.ssf/2016/12/nela_park_light_display_hower.html|archive-date=June 21, 2017|url-status=live}}</ref>

===RCA and NBC===
Owen D. Young, who was then GE's general counsel and vice president, through GE, founded the [[Radio Corporation of America]] (RCA) in 1919.<ref name=":2">{{Cite book |last=Chandler, Jr. |first=Alfred D. |title=Inventing the Electronic Century: The Epic Story of the Consumer Electronics and Computer Industries, with a new preface |publisher=Harvard University Press |year=2005 |isbn=0-674-01805-2 |pages=15 |language=en}}</ref> 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.<ref name=":2" /> He aimed to expand international radio communications. GE used RCA as its retail arm for radio sales.<ref>Mahon, Morgan E. ''A Flick of the Switch 1930–1950'' (Antiques Electronics Supply, 1990), p. 86.</ref> In 1926, RCA co-founded 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.<ref>{{Cite web|url=https://nocable.org/timeline/nbc-history|title=Timeline: The History of NBC|website=NoCable.org|language=en|access-date=March 9, 2018|archive-url=https://web.archive.org/web/20180619140207/https://nocable.org/timeline/nbc-history|archive-date=June 19, 2018|url-status=live}}</ref>

===Television===
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.<ref name="inventors.about.com">{{cite web|url=http://inventors.about.com/library/inventors/blalexanderson.htm|title=Ernst Alexanderson|work=About.com Inventors|access-date=January 8, 2015|archive-url=https://archive.today/20130116052437/http://inventors.about.com/library/inventors/blalexanderson.htm|archive-date=January 16, 2013|url-status=dead}}</ref><ref>{{cite web |url=http://www.cherishedtelevision.co.uk/history2.html |title=Dr Ernst Frederick Werner Alexanderson |publisher=Cherished Television UK |access-date=December 1, 2015|archive-url=https://web.archive.org/web/20151208051924/http://www.cherishedtelevision.co.uk/history2.html|archive-date=December 8, 2015}}</ref> On January 13, 1928, he made what was said to be the first broadcast to the public in the United States<ref name="inventors.about.com"/> 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)]].{{citation needed|date=January 2017}}

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.<ref>{{Cite book|last=Schenectady Country Historical Society|title=Niskayuna: Images of America|publisher=Arcadia Publishing|year=2009|isbn=978-1439-63-7500|location=United States of America}}</ref> In 1965, 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.<ref>{{Cite news|date=1965-02-08|title=GE gets franchise for Schenectady CATV|page=51|work=[[Broadcasting & Cable|Broadcasting Magazine]]}}</ref> 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.<ref>{{Cite news|date=1965-02-22|title=GE plans more TV and CATV|page=53|work=[[Broadcasting & Cable|Broadcasting Magazine]]}}</ref>

The company also owned television stations such as KOA-TV (now [[KCNC-TV]]) in Denver<ref>{{cite web |url=https://worldradiohistory.com/hd2/IDX-Business/Magazines/Archive-BC-IDX/68-OCR/1968-03-23-BC-OCR-Page-0024.pdf |title=New Way to Break Up Groups |magazine=Broadcasting |date=March 25, 1968 |page=24 |access-date=June 30, 2021 |archive-date=July 9, 2021 |archive-url=https://web.archive.org/web/20210709181707/https://worldradiohistory.com/hd2/IDX-Business/Magazines/Archive-BC-IDX/68-OCR/1968-03-23-BC-OCR-Page-0024.pdf |url-status=live }}</ref> and WSIX-TV (later WNGE-TV, now [[WKRN-TV|WKRN]]) in Nashville,<ref>{{cite web |url=https://worldradiohistory.com/hd2/IDX-Business/Magazines/Archive-BC-IDX/67-OCR/1967-03-20-BC-OCR-Page-0107.pdf |title=GE Executive got his orders: build a group |magazine=Broadcasting |date=March 26, 1967 |page=103 |access-date=June 30, 2021 |archive-date=July 9, 2021 |archive-url=https://web.archive.org/web/20210709182429/https://worldradiohistory.com/hd2/IDX-Business/Magazines/Archive-BC-IDX/67-OCR/1967-03-20-BC-OCR-Page-0107.pdf |url-status=live }}</ref> but like WRGB, General Electric sold off most of its broadcasting holdings, but held on to the Denver television station<ref>{{cite web |url=https://www.nytimes.com/1982/11/16/business/ge-divestiture.html |title=G.E. Divestiture |work=The New York Times |agency=Associated Press |date=November 16, 1982 |access-date=August 11, 2021 |url-access=subscription |archive-date=July 12, 2021 |archive-url=https://web.archive.org/web/20210712093631/https://www.nytimes.com/1982/11/16/business/ge-divestiture.html |url-status=live }}</ref> 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 [[Westinghouse Broadcasting|Group W]] in a swap deal, alongside [[KUTV]] in [[Salt Lake City]] for longtime [[CBS]] O&O in Philadelphia, [[WCAU|WCAU-TV]].<ref>{{cite web |url=https://www.latimes.com/archives/la-xpm-1985-12-13-ca-16849-story.html |title=No NBC Shake-up Seen In Takeover |work=Los Angeles Times |last=Sharbutt |first=Jay |date=December 13, 1985 |access-date=August 11, 2021 |url-access=subscription |archive-date=July 11, 2021 |archive-url=https://web.archive.org/web/20210711200319/https://www.latimes.com/archives/la-xpm-1985-12-13-ca-16849-story.html |url-status=live }}</ref>

====Former General Electric-owned stations====
Stations are arranged in alphabetical order by state and [[city of license]].
* (**) Indicates a station that was built and signed on by General Electric.
{| class="wikitable"
|- style="vertical-align: top; text-align: left;"
! [[City of license]] / [[Media market|Market]]
! Station
! Channel<br>[[Virtual channel|TV]] ([[Digital terrestrial television|RF]])
! Years owned
! Current ownership status
|- style="vertical-align: top; text-align: left;"
| [[Denver, Colorado]]
| '''[[KCNC-TV]]'''
| 4 (35)
| 1968–1986
| '''[[CBS]]''' [[owned-and-operated station]], owned by [[CBS News and Stations]] 
|- style="vertical-align: top;" text-align: left;" 
| [[Albany, New York]]
| '''[[WRGB]]''' **
| 6 (35)
| 1942–1983
|'''CBS''' affiliate owned by [[Sinclair Broadcast Group]] 
|- style="vertical-align: top; text-align: left;" 
| [[Nashville, Tennessee]]
| '''WNGE'''
| 2 (27)
| 1966–1983
|'''[[American Broadcasting Company|ABC]]''' affiliate '''[[WKRN-TV]]''' owned by [[Nexstar Media Group]]
|}

===Radio stations===

{|
| style="border: 1px solid #a3b0bf; cellpadding="2"; margin: auto" bgcolor="#cedff2" | '''AM Station''' 
| style="border: 1px solid #a3b0bf; cellpadding="2"; margin: auto" bgcolor="#ddcef2" | '''FM Station'''
|}
{| class="wikitable"
! City of license / Market
! Station
! Years owned
! Current ownership status

|- style="vertical-align: top; text-align: left;"
| rowspan="2" | [[San Francisco]]
!style="background: #cedff2;"| [[KGO (AM)|KGO]] 810 **
| 1924–1945
| owned by [[Cumulus Media]]

|- style="vertical-align: top; text-align: left;"
!style="background: #ddcef2;"| KFOG 104.5
| 1974–1986
| '''[[KNBR-FM]]''', owned by Cumulus Media

|- style="vertical-align: top; text-align: left;"
| rowspan="2" | [[Denver]]
!style="background: #cedff2;"| [[KOA (AM)|KOA]] 850 **
| {{ubl|1924–1953|1968–1983}}
| owned by [[iHeartMedia]]

|- style="vertical-align: top; text-align: left;"
!style="background: #ddcef2;"| KOAQ 103.5
| 1968–1983
| '''[[KRFX]]''', owned by iHeartMedia

|- style="vertical-align: top; text-align: left;"
| rowspan="1" | [[Boston]]
!style="background: #ddcef2;"| WJIB 96.9
| 1972–1983
| '''[[WBQT (FM)|WBQT]]''', owned by [[Beasley Broadcast Group]]

|- style="vertical-align: top; text-align: left;"
| rowspan="2" | [[Albany, New York|Albany]] – [[Schenectady, New York|Schenectady]] – [[Troy, New York|Troy, N.Y.]]
!style="background: #cedff2;"| [[WGY (AM)|WGY]] 810 **
| 1922–1983
| owned by iHeartMedia

|- style="vertical-align: top; text-align: left;"
!style="background: #ddcef2;"| WGFM 99.5 **
| 1939–1983
| '''[[WRVE]]''', owned by iHeartMedia

|- style="vertical-align: top; text-align: left;"
| rowspan="2" | [[Nashville]]

!style="background: #cedff2;"| WSIX 980
| 1966–1983
| '''[[WYFN]]''', owned by [[Bible Broadcasting Network]]

|- style="vertical-align: top; text-align: left;"
!style="background: #ddcef2;"| [[WSIX-FM]] 97.9
| 1966–1983
| owned by iHeartMedia
|}

===Power generation===
{{main|GE Power}}
{{see also|GE Wind Energy}}

Led by [[Sanford Alexander Moss]], GE moved into the new field of aircraft [[turbosupercharger]]s. This technology also led to the development of industrial [[Gas turbine|gas turbine engines]] used for power production.<ref>{{cite book |last1=Hinds |first1=Conrade C. |title=Made in Ohio |date=2023 |publisher=History Press |isbn=9781467152945 |url=https://books.google.com/books?id=5W2pEAAAQBAJ&dq=Sanford+Alexander+Moss+GE+turbo+superchargers&pg=PA100 |access-date=14 June 2023 |archive-date=September 18, 2023 |archive-url=https://web.archive.org/web/20230918044853/https://books.google.com/books?id=5W2pEAAAQBAJ&dq=Sanford+Alexander+Moss+GE+turbo+superchargers&pg=PA100 |url-status=live }}</ref> GE introduced the first set of superchargers during [[World War I]] and continued to develop them during the [[interwar period]]. [[Supercharger]]s became indispensable in the years immediately before [[World War II]]. GE supplied 300,000 turbosuperchargers for use in fighter and bomber engines. This work led the U.S. Army Air Corps to select GE to develop the nation's first jet engine during the war.<ref>{{Cite news|url=https://www.assemblymag.com/articles/93760-general-electric-pioneers-jet-engine-manufacturing|title=General Electric Pioneers Jet Engine Manufacturing|last=Weber|first=Austin|date=March 28, 2017|work=Assembly Magazine|access-date=January 5, 2018|publisher=BNP Media|language=en|archive-url=https://web.archive.org/web/20170704173947/http://www.assemblymag.com/articles/93760-general-electric-pioneers-jet-engine-manufacturing|archive-date=July 4, 2017|url-status=live}}</ref> 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.<ref>{{cite book |last1=Whittle |first1=Sir Frank |last2=Golley |first2=John |url=https://books.google.com/books?id=W6HcngEACAAJ |title=Jet |edition=illustrated |editor-last=Gunston |editor-first=Bill |publisher=Datum Publishing |year=2010 |pages=181–182 |isbn=978-1907472008 |access-date=January 26, 2016 |archive-url=https://web.archive.org/web/20160205124418/https://books.google.com/books?id=W6HcngEACAAJ |archive-date=February 5, 2016 |url-status=live }}</ref> GE was ranked ninth among United States corporations in the value of wartime production contracts.<ref>[[Whiz Kids (Department of Defense)|Peck, Merton J.]] & [[Frederic M. Scherer|Scherer, Frederic M.]] ''The Weapons Acquisition Process: An Economic Analysis'' (1962) [[Harvard Business School]] p. 619</ref> However, their early work with Whittle's designs was later handed to [[Allison Engine Company]]. GE Aviation then emerged as one of the world's largest engine manufacturers, bypassing the British company [[Rolls-Royce Holdings|Rolls-Royce plc]].

Some consumers [[boycott]]ed 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 weapon]]s production.<ref>{{cite web |url=https://www.transparency.org/research/gcr/gcr_private_sector/0/ |title=Global Corruption Report 2009, Corruption and the Private Sector |archive-url=https://web.archive.org/web/20120320054022/https://www.transparency.org/research/gcr/gcr_private_sector/0/|archive-date=March 20, 2012 |publisher=[[Transparency International]] |date=2009 |page=148}}</ref>

In 2002, GE acquired the wind power assets of [[Enron]] during its bankruptcy proceedings.<ref name="Business Wire">{{cite news|title=GE Completes Enron Wind Acquisition; Launches GE Wind Energy |url=http://findarticles.com/p/articles/mi_m0EIN/is_2002_May_10/ai_85689772/ |archive-url=https://web.archive.org/web/20080328074132/http://findarticles.com/p/articles/mi_m0EIN/is_2002_May_10/ai_85689772 |url-status=dead |archive-date=March 28, 2008 |date=May 10, 2002 |publisher=[[Business Wire]] |access-date=August 9, 2010 }}</ref> [[Enron Wind]] was the only surviving U.S. manufacturer of large wind turbines at the time, and GE increased engineering and supplies for the Wind Division and doubled the annual sales to $1.2&nbsp;billion in 2003.<ref name="ieGE">Fairly, Peter. [https://spectrum.ieee.org/the-greening-of-ge The Greening of GE]  ''[[IEEE Spectrum]]'', July 2005. Retrieved: November 6, 2010.</ref> It acquired [[ScanWind]] in 2009.<ref>{{cite news |title=GE to build £99m UK wind turbine plant |url=https://www.independent.co.uk/news/business/news/ge-to-build-16399m-uk-wind-turbine-plant-1928159.html |work=The Independent |location=UK |access-date=December 20, 2010 |first=Sarah |last=Arnott |date=March 26, 2010 |archive-url=https://web.archive.org/web/20110922022349/http://www.independent.co.uk/news/business/news/ge-to-build-16399m-uk-wind-turbine-plant-1928159.html |archive-date=September 22, 2011 |url-status=live }}</ref><ref>{{Cite web|url=http://www.renewableenergyworld.com/articles/2009/09/ge-closes-acquisition-of-scanwind.html|title=GE Closes Acquisition of ScanWind|website=Renewableenergyworld.com|date=September 15, 2009 |access-date=March 9, 2018|archive-url=https://web.archive.org/web/20180310010641/http://www.renewableenergyworld.com/articles/2009/09/ge-closes-acquisition-of-scanwind.html|archive-date=March 10, 2018|url-status=live}}</ref>

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]].<ref>{{cite news|url=https://www.reuters.com/article/us-ge-power-exclusive/exclusive-ges-push-to-fix-power-turbine-problem-goes-global-idUSKBN1O60F4|title=GE GE's push to fix power turbine problem goes global: sources|work=reuters.com|date=December 7, 2018|access-date=June 11, 2019|archive-url=https://web.archive.org/web/20190531051321/https://www.reuters.com/article/us-ge-power-exclusive/exclusive-ges-push-to-fix-power-turbine-problem-goes-global-idUSKBN1O60F4/|archive-date=May 31, 2019|url-status=live|last1=Scott|first1=Alwyn}}</ref> This model uses similar blade technology to GE's newest and most efficient model, 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 the turbine blade issue of the 9FB unit would impact the new HA units.<ref>{{cite web|url=https://www.reuters.com/article/us-ge-turbines-focus/ge-urges-speedy-fix-for-power-turbine-blades-says-blade-broke-in-2015-sources-idUSKCN1PJ0DM|title=GE urges speedy fix for power turbine blades, says blade broke in 2015: sources|work=reuters.com|first=Alwyn|last=Scott|date=January 25, 2019|access-date=January 25, 2019|archive-url=https://web.archive.org/web/20190125063123/https://www.reuters.com/article/us-ge-turbines-focus/ge-urges-speedy-fix-for-power-turbine-blades-says-blade-broke-in-2015-sources-idUSKCN1PJ0DM|archive-date=January 25, 2019|url-status=live}}</ref>

===Computing===
{{More citations needed section|date=January 2017}}
GE was one of the eight major computer companies of the 1960s along with [[IBM]], [[Burroughs Corporation|Burroughs]], [[NCR Corporation|NCR]], [[Control Data Corporation]], [[Honeywell]], [[RCA]], and [[UNIVAC]].<ref name="Guston">{{cite book|last1=Guston|first1=David H.|title=Encyclopedia of Nanoscience and Society|date=2010|publisher=Sage Publications|page=272|url=https://books.google.com/books?id=vyp1AwAAQBAJ&pg=PA272|access-date=May 5, 2017|isbn=9781452266176|archive-date=January 20, 2021|archive-url=https://web.archive.org/web/20210120190132/https://books.google.com/books?id=vyp1AwAAQBAJ&pg=PA272|url-status=live}}</ref> GE had a line of general purpose and special purpose computers, including the [[GE-200 series|GE 200]], [[GE-400 series|GE 400]], and [[GE-600 series|GE 600]] series general-purpose computers,<ref name="Guston" /> the [[GE/PAC 4000|GE/PAC 4000 series]] [[Real-time computing|real-time]] [[process control]] computers, and 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.<ref>{{Cite web|url=http://www.computinghistory.org.uk/sec/15518/General-Electric/|title=General Electric – Computing History|website=Computinghistory.org.uk|access-date=March 9, 2018|archive-url=https://web.archive.org/web/20180310010937/http://www.computinghistory.org.uk/sec/15518/General-Electric/|archive-date=March 10, 2018|url-status=live}}</ref>

In 1956 [[Homer Oldfield]] was 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 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.{{Citation needed|date=February 2025}}
  
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 [[Massachusetts Institute of Technology|MIT]] to develop 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 store|single-level storage]], [[dynamic linking]], [[hierarchical file system]], and [[Ring (computer security)|ring-oriented security]]. Active development of Multics continued until 1985.{{Citation needed|date=February 2025}}

GE got into computer manufacturing because, in the 1950s, they were the largest user of computers outside the [[United States federal government]],<ref name="Guston" /> aside from being the first business in the world to own a computer. Its major appliance manufacturing plant "[[GE Consumer & Industrial|Appliance Park]]" was the first non-governmental site to host one.<ref>{{cite magazine |last=Hiner |first=Jason |url=http://www.techrepublic.com/blog/hiner/ges-200-million-bet-to-resurrect-it/10834 |title=GE's $200 million bet to resurrect IT |magazine=TechRepublic |date=November 30, 2012 |access-date=May 31, 2013 |archive-url=https://web.archive.org/web/20130522080721/http://www.techrepublic.com/blog/hiner/ges-200-million-bet-to-resurrect-it/10834 |archive-date=May 22, 2013 |url-status=live }}</ref> However, in 1970, GE sold its computer division to [[Honeywell]], exiting the computer manufacturing industry,<ref name="Guston" /> though it retained its timesharing operations for some years afterward. GE was a big provider of computer time-sharing services through General Electric Information Services (GEIS, now GXS), offering online computing services that included [[GEnie]].{{Citation needed|date=February 2025}}

In 2000, when United Technologies Corp. planned to buy Honeywell, GE made a counter-offer that was approved by Honeywell.<ref>{{cite magazine|url=http://content.time.com/time/business/article/0,8599,166732,00.html |title=The Anatomy of the GE-Honeywell Disaster |last1=Elliott |first1=Michael |date=July 8, 2001 |magazine=Time |archive-url=https://web.archive.org/web/20160627050528/http://content.time.com/time/business/article/0%2C8599%2C166732%2C00.html |archive-date=June 27, 2016 |access-date=June 27, 2016 |id=GE-Honeywell-Disaster |url-status=dead }}</ref> On July 3, 2001, the [[European Union]] issued a statement that "prohibit the proposed acquisition by General Electric Co. of Honeywell Inc.".<ref name="EU-GE-Honeywell">{{Cite web|url=http://europa.eu/rapid/press-release_IP-01-939_en.htm |title=The Commission prohibits GE's acquisition of Honeywell |date=July 3, 2001 |publisher=EU |archive-url=https://web.archive.org/web/20160627051108/http://content.time.com/time/business/article/0%2C8599%2C166732%2C00.html |archive-date=June 27, 2016 |access-date=June 27, 2016 |id=EU-GE-Honeywell |url-status=dead }}</ref> The reasons given were it "would create or strengthen dominant positions on several markets and that the remedies proposed by GE were insufficient to resolve the competition concerns resulting from the proposed acquisition of Honeywell".<ref name="EU-GE-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 (platform)|Wink]].<ref>{{cite web |access-date=July 2, 2014 |url=http://techone3.in/ge-link-smart-led-bulb-can-communicate-with-smart-devices-8581/ |title=GE Link smart LED bulb can communicate with smart devices |publisher=TechOne3 |archive-url=https://web.archive.org/web/20140706161945/http://techone3.in/ge-link-smart-led-bulb-can-communicate-with-smart-devices-8581/ |archive-date=July 6, 2014 |url-status=dead }}</ref>
[[File:GE, Global Operations Center - Cincinnati.jpg|thumb|GE Global Operations Center in [[Downtown Cincinnati]], [[Ohio]]]]

===Acquisitions and divestments===
In December 1985, GE reacquired the [[RCA Corporation]], primarily to gain ownership of the [[NBC]] television network for $6.28&nbsp;billion; this merger surpassed the [[Capital Cities/ABC]] merger from earlier that year as the largest non-oil company merger in world business history.<ref>{{cite web|url=https://www.upi.com/Archives/1985/12/11/General-Electric-Co-in-the-largest-non-oil-merger-in/1818503125200/|title=General Electric Co., in the largest non-oil merger in...|access-date=October 3, 2019|archive-url=https://web.archive.org/web/20170822100055/https://www.upi.com/Archives/1985/12/11/General-Electric-Co-in-the-largest-non-oil-merger-in/1818503125200/|archive-date=August 22, 2017|url-status=live}}</ref> The remainder of RCA's divisions and assets were sold to various companies, including [[Bertelsmann Music Group]] which acquired [[RCA Records]]. [[Technicolor SA|Thomson SA]], which licensed the manufacture of RCA and GE branded electronics, traced its roots to Thomson-Houston, one of the original components of GE.{{citation needed|date=January 2017}} 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.<ref>{{Cite news|url=https://www.chicagotribune.com/1994/10/17/ge-to-sell-kidder-unit-to-paine/|title=Ge To Sell Kidder Unit To Paine|work=Chicago Tribune|access-date=January 5, 2018|language=en|archive-url=https://web.archive.org/web/20180106133804/http://articles.chicagotribune.com/1994-10-17/news/9410170075_1_chief-government-bond-trader-kidder-peabody-ge|archive-date=January 6, 2018|url-status=live}}</ref>

In 1993, GE sold its [[GE Aerospace (1960s)|Aerospace]] business to [[Martin Marietta]].

In 1997, [[Genpact]] was founded as a unit of General Electric in [[Gurgaon]]. The company was founded as GE Capital International Services (GECIS).<ref>{{Cite web |title=Genpact (G) |url=https://www.forbes.com/companies/genpact/ |access-date=2022-04-04 |website=Forbes |language=en |archive-date=20 May 2022 |archive-url=https://web.archive.org/web/20220520202213/https://www.forbes.com/companies/genpact/ |url-status=live }}</ref><ref>{{Cite web |agency=TNN |date=May 17, 2011 |title=BPO pioneer Bhasin quits as Genpact CEO  |url=https://timesofindia.indiatimes.com/business/india-business/bpo-pioneer-bhasin-quits-as-genpact-ceo/articleshow/8377252.cms |access-date=2022-04-04 |website=The Times of India |language=en |archive-date=13 December 2022 |archive-url=https://web.archive.org/web/20221213172243/https://timesofindia.indiatimes.com/business/india-business/bpo-pioneer-bhasin-quits-as-genpact-ceo/articleshow/8377252.cms |url-status=live}}</ref> In the beginning, GECIS created processes for outsourcing back-office activities for GE Capital such as processing [[car loans]] and credit card transactions. It was an [[Business process outsourcing to India#General Electric|experimental concept at the time]] and the beginning of the [[business process outsourcing]] (BPO) industry.<ref name=":0" /><ref>{{Cite book |last=Yesudian |first=Suseela |title=Innovation in India: The Future of Offshoring |publisher=Palgrave Macmillan |year=2012 |location=United Kingdom |language=EN}}</ref> 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.<ref>{{cite book |last1=Hirschheim |first1=Rudy |last2=Heinzl |first2=Armin |last3=Dibbern |first3=Jens |title=Information Systems Outsourcing: Enduring Themes, Global Challenges, and Process Opportunities |date=2009 |publisher=Springer Science & Business Media |isbn=978-3-540-88851-2 |page=553 |url=https://books.google.com/books?id=_M91NYmLe6gC&pg=PA553 |language=en}}</ref><ref>{{cite web |last1=Sozzi |first1=Brian |title=Here's one company that may be benefitting from the GE meltdown |url=https://finance.yahoo.com/news/genpact-is-profiting-off-the-ge-meltdown-175320821.html |website=Yahoo! Finance |access-date=February 17, 2022 |date=August 13, 2019 |archive-date=February 17, 2022 |archive-url=https://web.archive.org/web/20220217060832/https://finance.yahoo.com/news/genpact-is-profiting-off-the-ge-meltdown-175320821.html |url-status=live}}</ref>

In 2001, GE acquired Spanish-language broadcaster Telemundo and incorporated it into its National Broadcasting Company, Inc. subsidiary.<ref>{{cite web |date=2001-10-12 |title=NBC to Acquire Telemundo Network for $1.98 Billion |url=https://www.latimes.com/archives/la-xpm-2001-oct-12-fi-56173-story.html |access-date=2024-04-03 |website=Los Angeles Times}}</ref>

In 2002, [[Francisco Partners]] and [[Norwest Venture Partners]] acquired a division of GE called GE Information Systems (GEIS). The new company, named [[GXS (company)|GXS]], is based in [[Gaithersburg, Maryland]]. GXS is a provider of [[business-to-business]] e-commerce solutions. GE maintains a minority stake in GXS.<ref>{{Cite book|last=Kenneth E. Hendrickson. III|title=The Encyclopedia of The Industrial Revolution in World History|publisher=[[Rowman & Littlefield]]|year=2015|isbn=978-0-8108-8887-6|location=United Kingdom|pages=359}}</ref> Also in 2002, [[GE Wind Energy]] was formed when GE bought the [[wind turbine]] manufacturing assets of Enron Wind after the [[Enron scandal]]s.<ref name="Business Wire" /><ref name="ieGE" /><ref name="desertsky">Murphy, Dennis. [http://www.desertskywind.com/news05022002.htm GE completes Enron Wind acquisition; Launches GE Wind Energy] {{webarchive|url=https://web.archive.org/web/20160218110511/http://www.desertskywind.com/news05022002.htm |date=February 18, 2016}} ''Desert Sky Wind Farm'', May 10, 2002. Retrieved: May 1, 2010.</ref>

In 2004, GE bought 80% of Vivendi Universal Entertainment, the parent of [[Universal Pictures]] from [[Vivendi]]. Vivendi Universal was merged with NBC to form [[NBCUniversal]]. GE then owned 80% of NBCUniversal and Vivendi owned 20%. In 2004, GE completed the [[Corporate spin-off|spin-off]] of most of its [[mortgage loan|mortgage]] and [[life insurance]] assets into an independent company, [[Genworth Financial]], based in [[Richmond, Virginia]].<ref>{{Cite news|url=https://www.forbes.com/2004/05/25/cx_tm_0525video1.html|title=General Electric Completes Spinoff Of Genworth Financial|last=Murphy|first=Tara|date=May 25, 2004|work=[[Forbes]]|access-date=September 5, 2017|language=en|archive-url=https://web.archive.org/web/20170908193206/https://www.forbes.com/2004/05/25/cx_tm_0525video1.html|archive-date=September 8, 2017|url-status=live}}</ref>

In May 2007, GE acquired [[Smiths Aerospace]] for $4.8&nbsp;billion.<ref>{{cite news |url=https://www.nytimes.com/2007/01/16/business/worldbusiness/16electric.html |work=[[The New York Times]]| first=Claudia H. |last=Deutsch |title=G.E. Buying a British Aerospace Company |date=January 16, 2007 |access-date=February 8, 2017 |archive-url=https://web.archive.org/web/20170320145113/http://www.nytimes.com/2007/01/16/business/worldbusiness/16electric.html |archive-date=March 20, 2017 |url-status=live}}</ref> Also in 2007, GE Oil & Gas acquired Vetco Gray for $1.9&nbsp;billion,<ref>{{cite web|title=General Electric to acquire Vetco Gray for $1.9 billion |url=http://www.reliableplant.com/Read/4163/general-electric-to-acquire-vetco-gray-for-$19-billion |website=ReliablePlant.com |access-date=June 11, 2014 |date=January 8, 2007 |url-status=dead |archive-url=https://web.archive.org/web/20140706224120/http://www.reliableplant.com/Read/4163/general-electric-to-acquire-vetco-gray-for-%2419-billion |archive-date=July 6, 2014}}</ref><ref>{{cite web|title=GE Oil & Gas buys Vetco Gray|url=http://www.epmag.com/EP-Magazine/archive/GE-Oil-Gas-buys-Vetco-Gray_156|website=E&P Magazine|access-date=June 11, 2014|date=January 8, 2007|archive-url=https://web.archive.org/web/20140528230355/http://www.epmag.com/EP-Magazine/archive/GE-Oil-Gas-buys-Vetco-Gray_156|archive-date=May 28, 2014|url-status=dead}}</ref> followed by the acquisition of Hydril Pressure & Control in 2008 for $1.1&nbsp;billion.<ref>{{cite web|last1=Saitto|first1=Serena|last2=Kingsbury|first2=Kevin|title=From Tenaris|url=http://www.marketwatch.com/story/ge-to-buy-part-of-tenariss-hydril-2008-01-28|website=[[The Wall Street Journal]]|access-date=June 11, 2014|date=January 28, 2008|archive-url=https://web.archive.org/web/20140714150716/http://www.marketwatch.com/story/ge-to-buy-part-of-tenariss-hydril-2008-01-28|archive-date=July 14, 2014|url-status=live}}</ref><ref>{{cite web|title=GE Oil & Gas Buys Hydril Pressure Control|url=http://www.oilandgaseurasia.com/en/news/ge-oil-gas-buys-hydril-pressure-control|archive-url=https://web.archive.org/web/20140709164541/http://www.oilandgaseurasia.com/en/news/ge-oil-gas-buys-hydril-pressure-control|url-status=dead|archive-date=July 9, 2014|access-date=June 11, 2014|date=January 29, 2008}}</ref>

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.<ref>{{Cite web|url=https://www.plasticstoday.com/content/sabic-acquires-ge-plastics-116-billion/5137368976237|title=Sabic acquires GE Plastics for $11.6 billion|date=June 30, 2007|website=PlasticsToday|language=en|access-date=April 6, 2020|archive-date=April 6, 2020|archive-url=https://web.archive.org/web/20200406155337/https://www.plasticstoday.com/content/sabic-acquires-ge-plastics-116-billion/5137368976237|url-status=live}}</ref><ref>{{Cite news|url=https://www.nytimes.com/2018/05/21/business/dealbook/us-china-trade.html |archive-url=https://ghostarchive.org/archive/20220102/https://www.nytimes.com/2018/05/21/business/dealbook/us-china-trade.html |archive-date=2022-01-02 |url-access=limited |url-status=live|title=A Brief History of G.E. Asset Sales: DealBook Briefing|date=May 21, 2018|work=The New York Times|access-date=April 6, 2020|language=en-US|issn=0362-4331}}{{cbignore}}</ref>

On December 3, 2009, it was announced that NBCUniversal would become a joint venture between GE and cable television operator [[Comcast]]. Comcast would hold a controlling interest in the company, while GE would retain a 49% stake and would buy out shares owned by Vivendi.<ref>{{cite news |url=https://money.cnn.com/2009/12/03/news/companies/comcast_nbc/index.htm |title=GE, Comcast announce joint NBC deal |last1=Goldman |first1=Davis |last2=Pepitone |first2=Julianne |date=December 3, 2009 |publisher=[[CNN Business|CNNMoney]]|access-date=December 22, 2009 |archive-url=https://web.archive.org/web/20100330061345/http://money.cnn.com/2009/12/03/news/companies/comcast_nbc/index.htm |archive-date=March 30, 2010 |url-status=live}}</ref>

Vivendi would sell its 20% stake in NBCUniversal to GE for US$5.8&nbsp;billion. Vivendi would sell 7.66% of NBCUniversal to GE for US$2&nbsp;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&nbsp;billion when the deal was completed or to the public via an [[Initial public offering|IPO]] if the deal was not completed.<ref>{{cite web|url=http://www.vivendi.fr/vivendi/Nouvel-article,5902 |title=Vivendi to Sell its Stake in NBCUniversal for US$5.8&nbsp;billion |date=December 3, 2009 |publisher=[[Vivendi]] |access-date=December 22, 2009 |url-status=dead |archive-url=https://web.archive.org/web/20091206050534/http://www.vivendi.fr/vivendi/Nouvel-article%2C5902 |archive-date=December 6, 2009}}</ref><ref>{{cite news |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aMoJZHPclWnY |title=Vivendi to Sell NBC Stake to GE for $5.8 Billion (Update2) |date=December 3, 2009 |work=Bloomberg |first1=Matthew |last1=Campbell |access-date=November 5, 2013 |url-status=dead |archive-url=https://web.archive.org/web/20131105062028/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aMoJZHPclWnY |archive-date=November 5, 2013}}</ref>

On March 1, 2010, GE announced plans to sell its 20.85% stake in Turkey-based Garanti Bank.<ref>{{cite news |url=http://www.newstatesman.com/banking-and-insurance/2010/03/garanti-bank-turkey-stake |title=General Electric to sell stake in Garanti Bank |date=March 1, 2010 |access-date=March 2, 2010 |archive-url=https://web.archive.org/web/20100417141109/http://www.newstatesman.com/banking-and-insurance/2010/03/garanti-bank-turkey-stake |archive-date=April 17, 2010 |url-status=dead |website=New Statesman }}</ref> 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.<ref>{{cite news |url=https://www.zdnet.com/finance/ge-to-get-its-heart-tech-from-israel/ |first1=Dana |last1=Blankenhorn |website=ZDNET |title=GE to get its heart tech from Israel |date=August 1, 2010 |access-date=August 21, 2010 |archive-url=https://web.archive.org/web/20100825152947/http://www.zdnet.com/blog/healthcare/ge-to-get-its-heart-tech-from-israel/3950 |archive-date=August 25, 2010 |url-status=live }}</ref> In October 2010, GE acquired gas engines manufacturer [[Dresser Industries]] in a $3&nbsp;billion deal and also bought a $1.6&nbsp;billion portfolio of retail credit cards from [[Citigroup]] Inc.<ref>{{cite web|url=http://www.comcast.net/articles/news-finance/20101006/BUSINESS-US-GE/print/ |title= GE posts sales slump, rattles recovery hopes |publisher=Comcast.net |first1=Scott |last1=Malone |agency=Reuters |access-date=April 23, 2012 |url-status=dead |archive-url=https://web.archive.org/web/20101023231657/http://www.comcast.net/articles/news-finance/20101006/BUSINESS-US-GE/print/ |archive-date=October 23, 2010 }}</ref><ref name="ge-in-russia">{{cite web| url=http://dmliefer.ru/content/ge-waukesha| title=GE Waukesha (Вакеша) Газопоршневые двигатели |website=DM Lieferant | access-date=April 2, 2014| archive-url=https://web.archive.org/web/20140325224941/http://dmliefer.ru/content/ge-waukesha| archive-date=March 25, 2014| url-status=dead}}</ref> On October 14, 2010, GE announced the acquisition of data migration & SCADA simulation specialists Opal Software.<ref name="htanna">{{cite web|title=GE Acquires Opal Software&nbsp;– Strengthens Smart Grid Software Portfolio |url=http://www.genewscenter.com/content/Detail.aspx?ReleaseID=11178&NewsAreaID=2 |publisher=GE |date=14 October 2010 |access-date=October 19, 2010 |url-status=dead |archive-url=https://web.archive.org/web/20110711083558/http://www.genewscenter.com/content/Detail.aspx?ReleaseID=11178&NewsAreaID=2 |archive-date=July 11, 2011 }}</ref> 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&nbsp;million pounds ($1.3&nbsp;billion).<ref>{{Cite news |date=2010-12-13 |title=GE to buy UK oil pipemaker Wellstream for $1.3 billion |language=en-US |first1=Tom |last1=Bergin |work=Reuters |url=https://www.reuters.com/article/idUSTRE6BC0U920101213/ |archive-url=https://web.archive.org/web/20101216021618/http://www.reuters.com/article/idUSTRE6BC0U920101213 |archive-date=December 16, 2010 |url-status=live }}</ref>

In March 2011, GE announced that it had completed the acquisition of privately held Lineage Power Holdings from [[The Gores Group]].<ref>{{cite press release|url=http://www.businesswire.com/news/home/20110302005457/en/GE-Energy-Completes-Acquisition-Lineage-Power |title=Businesswire.com |publisher=Businesswire.com |date=March 2, 2011 |access-date=April 23, 2012 |archive-url=https://web.archive.org/web/20121002063400/http://www.businesswire.com/news/home/20110302005457/en/GE-Energy-Completes-Acquisition-Lineage-Power |archive-date=October 2, 2012 |url-status=live }}</ref> In April 2011, GE announced it had completed its purchase of John Wood plc's Well Support Division for $2.8&nbsp;billion.<ref>{{cite press release|url=http://www.businesswire.com/news/home/20110426006725/en/GE-Completes-Acquisition-John-Wood-Group-PLC%E2%80%99s |title=Businesswire.com |publisher=Businesswire.com |date=April 26, 2011 |access-date=January 15, 2013 |archive-url=https://web.archive.org/web/20130303010436/http://www.businesswire.com/news/home/20110426006725/en/GE-Completes-Acquisition-John-Wood-Group-PLC%E2%80%99s |archive-date=March 3, 2013 |url-status=live }}</ref>

In 2011, GE Capital sold its $2&nbsp;billion Mexican assets to [[Banco Santander|Santander]] for $162&nbsp;million and exited the business in Mexico. Santander additionally assumed the portfolio debts of GE Capital in the country. Following this, GE Capital focused on its core business and shed its non-core assets.<ref>{{cite web|url=http://www.financenews.co.uk/fnews/ge-capital-sells-mexican-assets-to-santander/ |title=GE Capital sells Mexican assets to Santander |publisher=Finance News |access-date=April 23, 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120319231552/http://www.financenews.co.uk/fnews/ge-capital-sells-mexican-assets-to-santander/ |archive-date=March 19, 2012 }}</ref>

In June 2012, CEO and President of GE Jeff Immelt said that the company would invest [[Indian rupee sign|₹]]3 [[billion]] <!-- ? --> to accelerate its businesses in [[Karnataka]].<ref>{{cite news | url=http://www.thehindubusinessline.com/companies/article3500390.ece | title=GE to invest Rs 300 cr for expansion | date=June 7, 2012 | access-date=June 7, 2012 | archive-url=https://web.archive.org/web/20120608204430/http://www.thehindubusinessline.com/companies/article3500390.ece | archive-date=June 8, 2012 | url-status=live }}</ref> In October 2012, GE acquired $7&nbsp;billion worth of bank deposits from [[MetLife|MetLife Inc]].<ref>{{cite news | url=http://in.reuters.com/article/ge-metlife-idINL1E8KOAIV20120924 | title=GE, MetLife tweak terms of deal for $7 bln in bank deposits | agency=Reuters | work=Reuters | date=September 25, 2012 | access-date=October 3, 2012 | archive-url=https://web.archive.org/web/20120925170930/http://in.reuters.com/article/2012/09/24/ge-metlife-idINL1E8KOAIV20120924 | archive-date=September 25, 2012 | url-status=dead }}</ref>

On March 19, 2013, Comcast bought GE's shares in NBCU for $16.7&nbsp;billion, ending the company's longtime stake in television and film media.<ref>{{Cite web|url=https://deadline.com/2013/03/comcast-completes-acquisition-nbcuniversal-457181/|title=Comcast Completes Acquisition Of GE's 49% Stake In NBCUniversal|last1=Lieberman|first1=David|date=March 19, 2013|website=Deadline|language=en|access-date=January 17, 2019|archive-url=https://web.archive.org/web/20190327122300/https://deadline.com/2013/03/comcast-completes-acquisition-nbcuniversal-457181/|archive-date=March 27, 2019|url-status=live}}</ref>

In April 2013, GE acquired oilfield pump maker [[Lufkin Industries]] for $2.98&nbsp;billion.<ref>{{cite news | url=https://www.reuters.com/article/us-ge-lufkin-idUSBRE9370AL20130408 | title=GE to buy oil pump maker Lufkin for nearly $3 billion | author=Ernest Scheyder | work=Reuters | date=April 8, 2013 | access-date=July 1, 2017 | archive-url=https://web.archive.org/web/20151127064441/http://www.reuters.com/article/2013/04/08/us-ge-lufkin-idUSBRE9370AL20130408 | archive-date=November 27, 2015 | url-status=live }}</ref>

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.<ref>{{cite news| title=GE in talks to buy Alstom's power arm| author=Natalie Huet| work=Reuters| url=https://www.reuters.com/article/us-alstom-offer-general-electric-idUSBREA3O14I20140425| date=April 24, 2014| access-date=July 1, 2017| archive-url=https://web.archive.org/web/20150924200115/http://www.reuters.com/article/2014/04/25/us-alstom-offer-general-electric-idUSBREA3O14I20140425| archive-date=September 24, 2015| url-status=live}}</ref> 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&nbsp;billion, and MHI proposing a joint venture in steam turbines, plus a €3.1&nbsp;billion cash investment. In June 2014, a formal offer from GE worth $17&nbsp;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 was expected to be completed in 2015.<ref name="AlstonGE">{{cite news|title=Alstom board votes for {{sic|nolink=y|aquis|ition|expected=acquisition}} by GE|url=http://www.francenews.net/index.php/sid/223128443/scat/3a8a80d6f705f8cc/ht/Alstom-board-votes-for-aquisition-by-GE|access-date=June 23, 2014|publisher=France News.Net|archive-url=https://web.archive.org/web/20140709235422/http://www.francenews.net/index.php/sid/223128443/scat/3a8a80d6f705f8cc/ht/Alstom-board-votes-for-aquisition-by-GE|archive-date=July 9, 2014|url-status=dead}}</ref> In October 2014, GE announced it was considering the sale of its [[Poland|Polish]] banking business [[Bank BPH]].<ref>[https://www.reuters.com/article/us-banking-bank-bph-general-electric-div-idUSKCN0I41YO20141015 GE considers sale of Polish unit Bank BPH] {{Webarchive|url=https://web.archive.org/web/20150924205405/http://www.reuters.com/article/2014/10/15/us-banking-bank-bph-general-electric-div-idUSKCN0I41YO20141015 |date=September 24, 2015 }}. [[Reuters]], October 15, 2014</ref>

Later in 2014, General Electric announced plans to open its global operations center in [[Cincinnati]], Ohio.<ref>{{Cite web|url=https://www.daytondailynews.com/business/center-000-jobs-slated-for-downtown-cincinnati/BsQeLOkmUme7WiFJiSkKTL/|title=GE center, 2,000 jobs slated for downtown Cincinnati|date=April 10, 2014|website=Dayton Daily News|access-date=August 13, 2018|archive-url=https://web.archive.org/web/20180814103611/https://www.daytondailynews.com/business/center-000-jobs-slated-for-downtown-cincinnati/BsQeLOkmUme7WiFJiSkKTL/|archive-date=August 14, 2018|url-status=live}}</ref> 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 is one of GE's four multifunctional shared services centers worldwide in [[Pudong]], China; [[Budapest]], Hungary; and [[Monterrey]], Mexico.<ref>{{Cite web|url=https://www.wcpo.com/news/insider/ge-jobs-downtown-the-new-global-operations-center-which-has-already-hired-1400-looks-to-hire-400-more_|title=Having already hired 1,400, GE's new operations center Downtown looks to hire 400 more|date=July 19, 2017|website=WCPO Cincinnati|access-date=August 13, 2018|archive-url=https://web.archive.org/web/20180814103445/https://www.wcpo.com/news/insider/ge-jobs-downtown-the-new-global-operations-center-which-has-already-hired-1400-looks-to-hire-400-more_|archive-date=August 14, 2018|url-status=live}}</ref>

In April 2015, GE announced its intention to sell off its property portfolio, worth $26.5&nbsp;billion, to [[Wells Fargo]] and [[The Blackstone Group]].<ref>{{cite news|url=https://www.bbc.com/news/business-32247268|title=General Electric to sell $26.5bn property portfolio|work=[[BBC News]]|date=April 10, 2015|access-date=July 21, 2018|archive-url=https://web.archive.org/web/20181216185426/https://www.bbc.com/news/business-32247268|archive-date=December 16, 2018|url-status=live}}</ref> It was announced in April 2015 that GE would sell most of its finance unit and return around $90&nbsp;billion to shareholders as 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.<ref>{{cite press release| publisher=Reuters| date=April 11, 2015| title=GE to sell bulk of finance unit, return up to $90 billion to investors| url=https://www.reuters.com/article/us-general-electric-divestiture-idUSKBN0N020420150411| access-date=July 1, 2017| archive-url=https://web.archive.org/web/20151116012406/http://www.reuters.com/article/2015/04/11/us-general-electric-divestiture-idUSKBN0N020420150411| archive-date=November 16, 2015| url-status=live}}</ref> In August 2015, GE Capital agreed to sell its Healthcare Financial Services business to [[Capital One]] for US$9&nbsp;billion. The transaction involved US$8.5&nbsp;billion of loans made to a wide array of sectors, including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals, and medical devices.<ref>{{cite press release|url=http://press.capitalone.com/phoenix.zhtml?c=251626&p=irol-newsArticle&ID=2078877|title=Capital One to Acquire GE Capital's U.S. Healthcare Finance Unit|publisher=[[Capital One]]|date=August 11, 2015|access-date=August 14, 2015|archive-url=https://web.archive.org/web/20160101021438/http://press.capitalone.com/phoenix.zhtml?c=251626&p=irol-newsArticle&ID=2078877|archive-date=January 1, 2016|url-status=live}}</ref> Also in August 2015, GE Capital agreed to sell GE Capital Bank's on-line deposit platform to [[Goldman Sachs]]. Terms of the transaction were not disclosed, but the sale included US$8&nbsp;billion of on-line deposits and another US$8&nbsp;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".<ref>{{cite news|url=https://www.bloomberg.com/news/articles/2015-08-13/goldman-sachs-to-buy-ge-bank-unit-with-16-billion-of-deposits|title=Goldman Sachs to Acquire GE Capital Bank's on-line deposit platform|publisher=[[Bloomberg News]]|date=August 13, 2015|access-date=March 7, 2017|archive-url=https://web.archive.org/web/20170220092452/https://www.bloomberg.com/news/articles/2015-08-13/goldman-sachs-to-buy-ge-bank-unit-with-16-billion-of-deposits|archive-date=February 20, 2017|url-status=live}}</ref>

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&nbsp;billion (CA$11.5&nbsp;billion) of assets, 600 employees, and 15 offices in 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.<ref name="GE Capital">{{cite press release| url=https://newsroom.bmo.com/2015-09-10-BMO-Financial-Group-to-Acquire-General-Electric-Capital-Corporations-Transportation-Finance-Business| title=BMO News Release BMO Financial to acquire GE Capital's transportation finance business| date=September 10, 2015| access-date=September 16, 2015| archive-url=https://web.archive.org/web/20171201042638/https://newsroom.bmo.com/2015-09-10-BMO-Financial-Group-to-Acquire-General-Electric-Capital-Corporations-Transportation-Finance-Business| archive-date=December 1, 2017| url-status=live}}</ref> In October 2015, activist investor [[Nelson Peltz]]'s fund Trian bought a $2.5&nbsp;billion stake in the company.<ref>{{cite web|title= Nelson Peltz's Trian takes $2.5 billion stake in General Electric|url= https://www.reuters.com/article/us-general-electric-stake-idUSKCN0RZ0HY20151005|website= Reuters|date= October 5, 2015|access-date= July 1, 2017|archive-url= https://web.archive.org/web/20151102013034/http://www.reuters.com/article/2015/10/05/us-general-electric-stake-idUSKCN0RZ0HY20151005|archive-date= November 2, 2015|url-status= live}}</ref>

In January 2016, [[Haier]] acquired GE's appliance division for $5.4&nbsp;billion.<ref>{{Cite web|title = China's Haier buying GE appliance unit for $5.4B|url = https://www.usatoday.com/story/money/business/2016/01/15/haier-buying-ge-appliance-unit/78836088/|website = USA Today|access-date = January 15, 2016|archive-url = https://web.archive.org/web/20160115122303/http://www.usatoday.com/story/money/business/2016/01/15/haier-buying-ge-appliance-unit/78836088/|archive-date = January 15, 2016|url-status = live}}</ref> In October 2016, [[GE Renewable Energy]]<!--also holds Alstom--> agreed to pay €1.5&nbsp;billion to [[Doughty Hanson & Co]] for [[LM Wind Power]] during 2017.<ref>{{cite web|url=http://www.windpowermonthly.com/article/1411839/ge-acquires-lm-wind-power|title=GE acquires LM Wind Power|publisher=[[Windpower Monthly]]|access-date=October 11, 2016|archive-url=https://web.archive.org/web/20161012075820/http://www.windpowermonthly.com/article/1411839/ge-acquires-lm-wind-power|archive-date=October 12, 2016|url-status=live}}</ref>

At the end of October 2016, it was announced that GE was under negotiations for a deal valued at about $30&nbsp;billion to combine [[GE Oil & Gas]] with [[Baker Hughes]]. The transaction would create a publicly traded entity controlled by GE.<ref>{{cite news|title=GE to Combine Oil and Gas Business With Baker Hughes|url=https://www.wsj.com/articles/ge-to-combine-oil-and-gas-business-with-baker-hughes-1477908407|website=The Wall Street Journal|date=October 31, 2016|access-date=October 31, 2016|archive-url=https://web.archive.org/web/20161101041433/http://www.wsj.com/articles/ge-to-combine-oil-and-gas-business-with-baker-hughes-1477908407|archive-date=November 1, 2016|url-status=live}}</ref> 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.<ref>[http://www.worldpumps.com/view/44987/ge-explores-sale-of-water-process-technologies-business/ GE explores sale of Water & Process Technologies business] {{Webarchive|url=https://web.archive.org/web/20170807193227/http://www.worldpumps.com/view/44987/ge-explores-sale-of-water-process-technologies-business/ |date=August 7, 2017 }}, World Pumps, November 1, 2016</ref> The deal was cleared by the EU in May 2017, and by the [[United States Department of Justice]] in June 2017.<ref>{{cite news|url=http://uk.reuters.com/article/us-baker-hughes-m-a-ge-eu-idUKKBN18R1RF|title=EU clears GE's Baker Hughes purchase without conditions|work=Reuters|access-date=May 31, 2017|archive-url=https://web.archive.org/web/20170531185920/http://uk.reuters.com/article/us-baker-hughes-m-a-ge-eu-idUKKBN18R1RF|archive-date=May 31, 2017|url-status=dead}}</ref><ref>{{cite web|url=http://subseaworldnews.com/2017/06/13/u-s-doj-approves-baker-hughes-ge-merger/|title=U.S. DoJ Approves Baker Hughes – GE Merger|website=Subseaworldnews.com|date=June 13, 2017|access-date=June 21, 2017|archive-url=https://web.archive.org/web/20170613172613/http://subseaworldnews.com/2017/06/13/u-s-doj-approves-baker-hughes-ge-merger/|archive-date=June 13, 2017|url-status=live}}</ref> 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).<ref>{{cite web|url=https://www.oedigital.com/component/k2/item/15708-baker-hughes-ge-complete-merger|title=GE, Baker Hughes complete merger|website=Oedigital.com|date=July 3, 2017|access-date=December 26, 2018|archive-url=https://web.archive.org/web/20181226133642/https://www.oedigital.com/component/k2/item/15708-baker-hughes-ge-complete-merger|archive-date=December 26, 2018|url-status=live}}</ref> In November 2018, GE reduced its stake in Baker Hughes to 50.4%.<ref>{{Cite news |url=https://uk.reuters.com/article/us-baker-hughes-ge-results/ges-baker-hughes-upbeat-on-2019-as-lng-demand-grows-idUKKCN1PP1ID |title=GE's Baker Hughes upbeat on 2019 as LNG demand grows |newspaper=Reuters |date=January 31, 2019 |access-date=August 20, 2019 |archive-url=https://web.archive.org/web/20190820120505/https://uk.reuters.com/article/us-baker-hughes-ge-results/ges-baker-hughes-upbeat-on-2019-as-lng-demand-grows-idUKKCN1PP1ID |archive-date=August 20, 2019 |url-status=dead |last1=Hampton |first1=John Benny }}</ref> On October 18, 2019, GE reduced its stake to 36.8% and the company was renamed back to Baker Hughes.<ref>{{Cite news |url=https://www.chron.com/business/energy/article/Baker-Hughes-name-change-becomes-official-14541568.php |title=Baker Hughes name change becomes official |newspaper=Chron |date=October 17, 2019 |access-date=October 21, 2019 |archive-url=https://web.archive.org/web/20191022124230/https://www.chron.com/business/energy/article/Baker-Hughes-name-change-becomes-official-14541568.php |archive-date=October 22, 2019 |url-status=live |last1=Chapa |first1=Sergio }}</ref>

In May 2017, GE had signed $15&nbsp;billion of business deals with [[Saudi Arabia]].<ref>{{cite news |title=GE announces $15 billion of business deals with Saudi Arabia |url=https://www.reuters.com/article/us-usa-trump-saudi-ge/ge-announces-15-billion-of-business-deals-with-saudi-arabia-idUSKCN18G0FB |work=Reuters |date=May 20, 2017 |access-date=July 19, 2018 |archive-url=https://web.archive.org/web/20180719173559/https://www.reuters.com/article/us-usa-trump-saudi-ge/ge-announces-15-billion-of-business-deals-with-saudi-arabia-idUSKCN18G0FB |archive-date=July 19, 2018 |url-status=live }}</ref> Saudi Arabia is one of GE's largest customers.<ref>{{cite news |title=Exclusive: General Electric's power unit faces threat in Saudi Arabia |url=https://www.reuters.com/article/us-usa-media-gay/new-york-times-under-fire-for-homophobic-cartoon-of-trump-and-putin-idUSKBN1K802J |work=Reuters |date=July 19, 2018 |access-date=July 19, 2018 |archive-url=https://web.archive.org/web/20180718144816/https://www.reuters.com/article/us-usa-media-gay/new-york-times-under-fire-for-homophobic-cartoon-of-trump-and-putin-idUSKBN1K802J |archive-date=July 18, 2018 |url-status=live }}</ref> In September 2017, GE announced the sale of its Industrial Solutions Business to [[ABB]]. The deal closed on June 30, 2018.<ref>{{cite news|url=https://www.reuters.com/article/us-abb-ge-industrial-solutions/abb-buys-ge-business-for-2-6-billion-in-bet-it-can-boost-margins-idUSKCN1C00DW|title=ABB buys GE business for $2.6 billion in bet it can boost margins|work=Reuters|access-date=September 27, 2017|archive-url=https://web.archive.org/web/20170928063926/http://www.reuters.com/article/us-abb-ge-industrial-solutions/abb-buys-ge-business-for-2-6-billion-in-bet-it-can-boost-margins-idUSKCN1C00DW|archive-date=September 28, 2017|url-status=live}}</ref><ref>{{cite web |title=ABB completes acquisition of GE Industrial Solutions |url=https://new.abb.com/news/detail/5475/abb-completes-acquisition-of-ge-industrial-solutions |website=New.abb.com |access-date=July 13, 2018 |language=en |archive-url=https://web.archive.org/web/20180713203321/https://new.abb.com/news/detail/5475/abb-completes-acquisition-of-ge-industrial-solutions |archive-date=July 13, 2018 |url-status=live }}</ref>

===Fraud allegations and notice of possible SEC civil action===
On August 15, 2019, [[Harry Markopolos]], a financial fraud investigator known for his discovery of a Ponzi scheme run by [[Bernard Madoff]], accused General Electric of being a "bigger fraud than Enron," alleging $38&nbsp;billion in accounting fraud. GE denied wrongdoing.<ref>{{Cite web|url=https://www.bbc.com/news/business-49352765|title=General Electric: Madoff Investigator alleges $38bn in fraud|first=Russell|last=Hotten|date=August 15, 2019|website=BBC|access-date=August 16, 2019|archive-url=https://web.archive.org/web/20190816001833/https://www.bbc.com/news/business-49352765|archive-date=August 16, 2019|url-status=live}}</ref><ref>{{cite web |url=https://www.cnn.com/2019/08/15/investing/general-electric-harry-markopolos-whistleblower-accounting/index.html |title=GE stock has worst day in 11 years after Madoff whistleblower calls it a bigger fraud than Enron |work=CNN Business |author=Paul R. La Monica |date=August 15, 2019 |access-date=August 15, 2019 |archive-url=https://web.archive.org/web/20190815175942/https://www.cnn.com/2019/08/15/investing/general-electric-harry-markopolos-whistleblower-accounting/index.html |archive-date=August 15, 2019 |url-status=live }}</ref>

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.<ref>{{cite web |author1=Jonathan Ponciano |title=General Electric Says SEC Has Issued 'Wells Notice' Recommending Civil Action Over Shaky Accounting Practices |url=https://www.forbes.com/sites/jonathanponciano/2020/10/06/general-electric-says-sec-has-issued-wells-notice-recommending-civil-action-over-accounting-practices/#edd5b22317f5 |website=www.Forbes.com |access-date=October 15, 2020 |language=en |date=October 6, 2020 |archive-date=November 27, 2020 |archive-url=https://web.archive.org/web/20201127163953/https://www.forbes.com/sites/jonathanponciano/2020/10/06/general-electric-says-sec-has-issued-wells-notice-recommending-civil-action-over-accounting-practices/#edd5b22317f5 |url-status=live }}</ref>

====Insufficient reserves for long-term care policies====
It is alleged that GE is "hiding" (i.e., under-reserved)<ref>{{cite web |author1=Alwyn Scott |title=General Electric insurance called 'risky' by Fitch; shares fall again |url=https://ca.reuters.com/article/businessNews/idCAKCN1VA1C2-OCABS |website=Reuters.com |access-date=August 22, 2019 |language=en |date=August 20, 2019 |quote=The Fitch report, which the credit rating agency produces annually, echoed concerns raised last week by financial investigator Harry Markopolos, who estimated that GE has under-reserved by $29 billion for its long-term care policies. |archive-url=https://web.archive.org/web/20190822143459/https://ca.reuters.com/article/businessNews/idCAKCN1VA1C2-OCABS |archive-date=August 22, 2019 |url-status=dead }}</ref> $29&nbsp;billion in losses related to its long-term care business.<ref name="Yahoo Finance">{{cite web |title=General Electric whistleblower: 'I think I have a few smoking guns' Harry Markopolos reveals fraud |url=https://www.youtube.com/watch?v=3jE10T250bo |website=YouTube |publisher=Yahoo Finance |access-date=August 21, 2019 |language=en |time=M:SS=1.47 |date=August 15, 2019 |quote=GE is hiding $29B in long-term care losses |archive-url=https://web.archive.org/web/20190820145045/https://www.youtube.com/watch?v=3jE10T250bo |archive-date=August 20, 2019 |url-status=live }}</ref>

According to an August 2019 Fitch Ratings report, there are concerns that GE has not set aside enough money to cover its long-term care liabilities.<ref>{{cite web |author1=Alwyn Scott |title=General Electric insurance called 'risky' by Fitch; shares fall again |url=https://ca.reuters.com/article/businessNews/idCAKCN1VA1C2-OCABS |website=Reuters.com |access-date=August 22, 2019 |language=en |date=August 20, 2019 |quote=General Electric Co (GE.N) ranks among the riskiest backers of long-term care insurance, suffering from both high exposure to claims and a relatively small cash pile to pay them, Fitch Ratings said in a report on Tuesday |archive-url=https://web.archive.org/web/20190822143459/https://ca.reuters.com/article/businessNews/idCAKCN1VA1C2-OCABS |archive-date=August 22, 2019 |url-status=dead }}</ref>

In 2018, a lawsuit (the Bezio case) was filed in New York state court on behalf of participants in GE's 401(k) plan and shareowners alleging violations of Section 11 of the [[Securities Act of 1933]] based on alleged misstatements and omissions related to insurance reserves and performance of GE's business segments.<ref>{{cite web |author1=General Electric |title=2018 Annual Report – General Electric |url=https://www.ge.com/investor-relations/sites/default/files/GE_AR18.pdf |website=GE.com |access-date=August 20, 2019 |pages=87 |language=en |archive-url=https://web.archive.org/web/20190923162718/https://www.ge.com/investor-relations/sites/default/files/GE_AR18.pdf |archive-date=September 23, 2019 |url-status=dead }}</ref>

The Kansas Insurance Department (KID) is requiring General Electric to make $14.5&nbsp;billion of capital contributions for its insurance contracts during the 7-year period ending in 2024.<ref>{{cite web |author1=General Electric |title=2018 Annual Report – General Electric |url=https://www.ge.com/investor-relations/sites/default/files/GE_AR18.pdf |website=GE.com |access-date=August 20, 2019 |pages=67 |language=en |quote=The adverse impact on our statutory AAR arising from our revised assumptions in 2017, including the collectability of reinsurance recoverables, is expected to require GE Capital to contribute approximately $14.5 billion additional capital, to its run-off insurance operations in 2018-2024. For statutory accounting purposes, KID approved our request for a permitted accounting practice to recognize the 2017 AAR increase over a seven-year period. GE Capital provided capital contributions to its insurance subsidiaries of approximately $3.5 billion and $1.9 billion in the first quarter of 2018 and 2019, respectively. GE Capital expects to provide further capital contributions of approximately $9 billion through 2024, subject to ongoing monitoring by KID. |archive-url=https://web.archive.org/web/20190923162718/https://www.ge.com/investor-relations/sites/default/files/GE_AR18.pdf |archive-date=September 23, 2019 |url-status=dead }}</ref>

GE reported the total liability related to its insurance contracts increased significantly from 2016 to 2019:
:December 31, 2016 $26.1&nbsp;billion
:December 31, 2017 $38.6&nbsp;billion<ref>{{cite web |author1=General Electric |title=2017 GE Annual Report |url=https://www.annualreports.com/HostedData/AnnualReportArchive/g/NYSE_GE_2017.pdf |website=www.AnnualReports.com |publisher=General Electric |access-date=October 19, 2020 |page=152 |language=en |archive-date=November 26, 2020 |archive-url=https://web.archive.org/web/20201126153730/https://www.annualreports.com/HostedData/AnnualReportArchive/g/NYSE_GE_2017.pdf |url-status=live }}</ref>
:December 31, 2018 $35.6&nbsp;billion<ref>{{cite web |author1=General Electric |title=2018 Annual Report – General Electric |url=https://www.ge.com/investor-relations/sites/default/files/GE_AR18.pdf |website=GE.com |access-date=August 20, 2019 |pages=61 |language=en |archive-url=https://web.archive.org/web/20190923162718/https://www.ge.com/investor-relations/sites/default/files/GE_AR18.pdf |archive-date=September 23, 2019 |url-status=dead }}</ref> 
:December 31, 2019 $39.6&nbsp;billion<ref>{{cite web |author1=General Electric |title=2019 Annual Report – General Electric |url=https://www.ge.com/sites/default/files/GE_AR19_AnnualReport.pdf |website=GE.com |access-date=October 15, 2020 |pages=87 |language=en |archive-date=October 1, 2020 |archive-url=https://web.archive.org/web/20201001023009/https://www.ge.com/sites/default/files/GE_AR19_AnnualReport.pdf |url-status=live }}</ref>

In 2018, GE announced that the issuance of the new standard by the Financial Accounting Standards Board (FASB) regarding Financial Services – Insurance (Topic 944) would materially affect its financial statements.<ref>{{cite web |author1=General Electric |title=Follow Up From Last Week's Note |url=https://www.ge.com/investor-relations/sites/default/files/ge_webcast_10Q_10302018.pdf |website=GE.com |access-date=August 21, 2019 |language=en |quote=We have stated in disclosures beginning with our 3Q’18 10-Q (page 48) that, following the issuance of the new standard by the FASB in August 2018, we anticipate that the adoption of the new standard will materially affect our financial statements. |archive-url=https://web.archive.org/web/20190820235127/https://www.ge.com/investor-relations/sites/default/files/ge_webcast_10Q_10302018.pdf |archive-date=August 20, 2019 |url-status=dead }}</ref><ref>{{cite web |title=FORM 10-Q September 2018 |url=https://www.ge.com/investor-relations/sites/default/files/ge_webcast_10Q_10302018.pdf |website=GE.com |publisher=General Ledger |access-date=August 21, 2019 |language=en |quote=In August 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2018-12, Financial Services – Insurance (Topic 944): Targeted Improvements to the Accounting for Long-Duration Contracts. We are evaluating the effect of the standard on our consolidated financial statements and anticipate that its adoption will significantly change the accounting for measurements of our long-duration insurance liabilities. The ASU requires cash flow assumptions used in the measurement of various insurance liabilities to be reviewed at least annually and updated if actual experience or other evidence indicates previous assumptions need to be revised with any required changes recorded in earnings. The discount rate, equivalent to the upper-medium grade (i.e., single A) fixed-income instrument yield reflecting the duration characteristics of the liability, is required to be updated in each reporting period with changes recorded in accumulated other comprehensive income. In measuring the insurance liabilities, contracts shall not be grouped together from different issue years. While we continue to evaluate the effect of the standard on our ongoing financial reporting, we anticipate that the adoption of the ASU may materially affect our financial statements. |archive-url=https://web.archive.org/web/20190820235127/https://www.ge.com/investor-relations/sites/default/files/ge_webcast_10Q_10302018.pdf |archive-date=August 20, 2019 |url-status=dead }}</ref>  Mr. Markopolos estimated there would be a $US 10.5&nbsp;billion charge when the new accounting standard is adopted in the first quarter of 2021.<ref>{{cite web |title=General Electric whistleblower: 'I think I have a few smoking guns' Harry Markopolos reveals fraud |url=https://www.youtube.com/watch?v=3jE10T250bo |website=YouTube |publisher=Yahoo Finance |access-date=August 21, 2019 |language=en |time=M:SS=3.25 |date=August 15, 2019 |quote=GE is hiding $29B in long-term care losses |archive-url=https://web.archive.org/web/20190820145045/https://www.youtube.com/watch?v=3jE10T250bo |archive-date=August 20, 2019 |url-status=live }}</ref>

====Anticipated $8 billion loss upon disposition of Baker Hughes====
In 2017, GE acquired a 62.5% interest in Baker Hughes (BHGE) when it combined its oil & gas business with Baker Hughes Incorporated.<ref>{{cite web |title=2017 Annual Report |url=https://www.ge.com/investor-relations/sites/default/files/GE_AR17.pdf |website=GE.com |access-date=August 20, 2019 |pages=21 |language=en |archive-url=https://web.archive.org/web/20180412212038/https://www.ge.com/investor-relations/sites/default/files/GE_AR17.pdf |archive-date=April 12, 2018 |url-status=dead }}</ref>
In 2018, GE reduced its interest to 50.4%, resulting in the realization of a $2.1&nbsp;billion loss.  GE is planning to divest its remaining interest and has warned that the divestment will result in an additional loss of $8.4&nbsp;billion (assuming a BHGE share price of $23.57 per share).<ref>{{cite web |author1=General Electric |title=2018 Annual Report – General Electric |url=https://www.ge.com/investor-relations/sites/default/files/GE_AR18.pdf |website=GE.com |access-date=August 20, 2019 |pages=139 |language=en |quote=As previously announced, we plan an orderly separation of our ownership interest in BHGE over time. In November 2018, BHGE completed an underwritten public offering in which we sold 101.2 million shares of BHGE Class A common stock. BHGE also repurchased 65.0 million BHGE LLC units from GE. As a result, our economic interest in BHGE reduced from 62.5% to 50.4%, and we recognized a loss of $2,169 million ($1,696 million after-tax), which decreased the Other Capital component of shareowners' equity. The sale of Class A common stock resulted in an increase in noncontrolling interests of $4,214 million. Any reduction in our ownership interest below 50% will result in us losing control of BHGE. At that point, we would de-consolidate our Oil & Gas segment, recognize any remaining interest at fair value and recognize any difference between carrying value and fair value of our interest in earnings. Depending on the form and timing of our separation, and if BHGE's stock price remains below our current carrying value, we may recognize a significant loss in earnings. Based on BHGE's share price on January 31, 2019, of $23.57 per share, the incremental loss upon deconsolidation by a sale of our interest would be approximately $8,400 million. |archive-url=https://web.archive.org/web/20190923162718/https://www.ge.com/investor-relations/sites/default/files/GE_AR18.pdf |archive-date=September 23, 2019 |url-status=dead }}</ref> In response to the fraud allegations, GE noted the amount of the loss would be $7.4&nbsp;billion if the divestment occurred on July 26, 2019.<ref>{{cite web |title=follow-up-from-last-weeks-note |url=https://www.ge.com/reports/follow-up-from-last-weeks-note/ |website=GE.com |publisher=General Electric |access-date=August 20, 2019 |language=en |archive-url=https://web.archive.org/web/20190820234938/https://www.ge.com/reports/follow-up-from-last-weeks-note/ |archive-date=August 20, 2019 |url-status=live }}</ref>  Mr. Markopolos noted that BHGE is an asset available for sale and therefore [[mark-to-market accounting]] is required.<ref>{{cite web |title=Harry Markopolos explains fraud accusations against GE |url=https://www.youtube.com/watch?v=MGvsXPY26KI |website=YouTube |publisher=CNN Business |access-date=August 21, 2019 |time=5:17 |language=en |date=August 16, 2019 |quote=They should have marked it to market |archive-url=https://web.archive.org/web/20190818074723/https://www.youtube.com/watch?v=MGvsXPY26KI |archive-date=August 18, 2019 |url-status=live }}</ref>

Markopolos noted GE's [[current ratio]] was only 0.67.<ref name="Yahoo Finance"/> He expressed concerns that GE may file for bankruptcy if there is a recession.<ref>{{cite web |title=Madoff whistleblower Harry Markopolos details fraud allegations against General Electric |url=https://www.youtube.com/watch?v=2VCtB3E0JB0 |publisher=YouTube / CNBC |access-date=August 21, 2019 |time=5:56 |date=August 15, 2019 |quote=Harry Markopolos on GE "Heading for bankruptcy" |archive-url=https://web.archive.org/web/20190820112812/https://www.youtube.com/watch?v=2VCtB3E0JB0 |archive-date=August 20, 2019 |url-status=live }}</ref>

===Final years and three-way split (2018–2024)===
In 2018, the GE Pension Plan reported losses of US$3.3&nbsp;billion on plan assets.<ref>{{cite web |author1=General Electric |title=2018 General Electric Annual Report |url=https://www.ge.com/investor-relations/sites/default/files/GE_AR18.pdf |website=GE.com |publisher=General Electric |access-date=August 21, 2019 |page=130 |language=en |quote=Actual gain (loss) on plan assets – 2018 Principal pension plans ($2,996) millions   2018 Other pension plans ($299) millions |archive-url=https://web.archive.org/web/20190923162718/https://www.ge.com/investor-relations/sites/default/files/GE_AR18.pdf |archive-date=September 23, 2019 |url-status=dead }}</ref>

In 2018, General Electric changed the discount rate used to calculate the actuarial liabilities of its pension plans.  The rate was increased from 3.64% to 4.34%.<ref name="auto">{{cite web |author1=General Electric |title=2018 Annual Report – General Electric |url=https://www.ge.com/investor-relations/sites/default/files/GE_AR18.pdf |publisher=GE.com |access-date=August 20, 2019 |pages=39 |language=en |archive-url=https://web.archive.org/web/20190923162718/https://www.ge.com/investor-relations/sites/default/files/GE_AR18.pdf |archive-date=September 23, 2019 |url-status=dead }}</ref>  Consequently, the reported liability for the underfunded pension plans decreased by $7&nbsp;billion year-over-year, from $34.2&nbsp;billion in 2017 to $27.2&nbsp;billion in 2018.<ref name="auto"/>

In October 2018, General Electric announced it would "freeze pensions" for about 20,000 salaried U.S. employees.  The employees will be moved to a defined contribution retirement plan in 2021.<ref>{{cite news |author1=Alwyn Scott |author2=Ankit Ajmera |title=GE to freeze, pre-pay pensions to save up to $8 billion, cut debt |url=https://www.reuters.com/article/us-ge-pensions-idUSKBN1WM138 |work=Reuters |access-date=October 12, 2019 |language=en |date=October 7, 2019 |archive-date=October 12, 2019 |archive-url=https://web.archive.org/web/20191012112937/https://www.reuters.com/article/us-ge-pensions-idUSKBN1WM138 |url-status=live }}</ref>

On March 30, 2020, General Electric factory workers protested to convert jet engine factories to make ventilators during the [[COVID-19]] crisis.<ref>{{Cite web|url=https://www.vice.com/en/article/general-electric-workers-walk-off-the-job-demand-to-make-ventilators/|title=General Electric Workers Launch Protest, Demand to Make Ventilators|last=Ongweso|first=Edward Jr|date=March 30, 2020|website=Vice|language=en|access-date=March 31, 2020|archive-date=March 30, 2020|archive-url=https://web.archive.org/web/20200330182241/https://www.vice.com/en_us/article/y3mjxg/general-electric-workers-walk-off-the-job-demand-to-make-ventilators|url-status=live}}</ref>

In June 2020, GE made an agreement to sell its Lighting business to Savant Systems, Inc. Financial details of the transaction were not disclosed.<ref>{{Cite web|url=https://www.ge.com/news/press-releases/ge-sell-lighting-business-savant-systems-inc|title=GE to Sell Lighting Business to Savant Systems, Inc.|last=Sabol|first=Ben|date=May 27, 2020|website=GE|language=en|access-date=March 31, 2020|archive-date=June 14, 2020|archive-url=https://web.archive.org/web/20200614004838/https://www.ge.com/news/press-releases/ge-sell-lighting-business-savant-systems-inc|url-status=live}}</ref>

In November 2020, General Electric warned it would be cutting jobs waiting for a recovery due to the COVID-19 pandemic.<ref>{{Cite news |last1=Vats |first1=Rachit |last2=Kumar Singh |first2=Rajesh |date=November 24, 2020 |title=GE warns of more job cuts at aviation business amid sluggish recovery |language=en |work=Reuters |url=https://www.reuters.com/article/us-general-electric-jobs-idUSKBN2841ZH |url-status=live |access-date=November 25, 2020 |archive-url=https://web.archive.org/web/20201124202925/https://www.reuters.com/article/us-general-electric-jobs-idUSKBN2841ZH |archive-date=November 24, 2020}}</ref>

On November 9, 2021, the company announced it would divide itself into three public companies. On July 18, 2022, GE unveiled the brand names of the companies it had devised through its planned separation: [[GE Aerospace]], [[GE HealthCare]], and [[GE Vernova]].<ref>{{Cite web |title=GE Unveils Brand Names for Three Planned Future Public Companies {{!}} GE News |url=https://www.ge.com/news/press-releases/ge-unveils-brand-names-for-three-planned-future-public-companies |access-date=2022-09-04 |website=www.ge.com |language=en |archive-date=September 13, 2022 |archive-url=https://web.archive.org/web/20220913072716/https://www.ge.com/news/press-releases/ge-unveils-brand-names-for-three-planned-future-public-companies |url-status=live }}</ref><ref>{{Cite web |title=Commentary: Corporations break themselves up all the time. So why shouldn't regulators break up Big Tech? |url=https://fortune.com/2022/08/25/corporations-break-regulators-up-big-tech-ftc-sec-meta-alphabet-amazon-tech-denise-hearn/ |access-date=2022-09-04 |website=Fortune |language=en |archive-date=September 4, 2022 |archive-url=https://web.archive.org/web/20220904095827/https://fortune.com/2022/08/25/corporations-break-regulators-up-big-tech-ftc-sec-meta-alphabet-amazon-tech-denise-hearn/ |url-status=live }}</ref> The new companies are respectively focused on aerospace, healthcare, and energy (renewable energy, power, and digital). The first spin-off of [[GE HealthCare]] was finalized on January 4, 2023;<ref>{{Cite web |title=GE Completes Separation of GE HealthCare {{!}} GE News |url=https://www.ge.com/news/press-releases/ge-completes-separation-of-ge-healthcare |access-date=2023-01-08 |website=www.ge.com |language=en |archive-date=January 8, 2023 |archive-url=https://web.archive.org/web/20230108231832/https://www.ge.com/news/press-releases/ge-completes-separation-of-ge-healthcare |url-status=live }}</ref> GE continues to hold 10.24% of shares and intends to sell the remaining over time.<ref>{{Cite news |last=Francis |first=Theo |date=July 25, 2023 |title=GE Lifts Guidance as Sales and Earnings Rise |url=https://www.wsj.com/articles/general-electric-ge-q2-earnings-report-2023-1abab709 |work=[[The Wall Street Journal]] |url-access=subscription |access-date=October 17, 2023 |archive-date=October 25, 2023 |archive-url=https://web.archive.org/web/20231025162955/https://www.wsj.com/articles/general-electric-ge-q2-earnings-report-2023-1abab709 |url-status=live }}</ref> This was followed by the spin-off of GE's portfolio of energy businesses, which became GE Vernova on April 2, 2024.<ref>{{cite web |title=GE Plans to Form Three Public Companies Focused on Growth Sectors of Aviation, Healthcare, and Energy |url=https://www.ge.com/news/press-releases/ge-plans-to-form-three-public-companies-focused-on-growth-sectors-of-aviation |website=www.ge.com |publisher=GE News |access-date=26 October 2022 |archive-date=October 21, 2022 |archive-url=https://web.archive.org/web/20221021221917/https://www.ge.com/news/press-releases/ge-plans-to-form-three-public-companies-focused-on-growth-sectors-of-aviation |url-status=live }}</ref><ref name="bostonglobe-spinoff" /><ref name="afp-spinoff">{{cite web |last=Mazein |first=Elodie |date=April 1, 2024 |title=Swan song for General Electric as it completes demerger |url=https://www.yahoo.com/news/swan-song-general-electric-completes-015925420.html?guccounter=1 |url-status=live |archiveurl=https://archive.today/20240402022206/https://www.yahoo.com/news/swan-song-general-electric-completes-015925420.html?guccounter=1 |archivedate=April 2, 2024 |publisher=AFP |via=Yahoo! News |quote=The official finalization of the separation comes Tuesday, with General Electric disappearing in favor of GE Vernova, dealing with energy activities, and GE Aerospace, the new name of the late GE.}}</ref> Following these transactions, GE became an aviation-focused company; GE Aerospace is the legal successor of the original GE.<ref>{{cite web |title=GE 2021 Annual Report |url=https://www.ge.com/sites/default/files/GE_AR2021_AnnualReport.pdf |archive-url=https://web.archive.org/web/20220211145336/https://www.ge.com/sites/default/files/GE_AR2021_AnnualReport.pdf |archive-date=2022-02-11 |url-status=live |website=www.ge.com |publisher=GE |access-date=26 October 2022}}</ref><ref>{{cite news |last=Pound |first=Jesse |url=https://www.cnbc.com/2021/11/09/ge-to-break-up-into-3-companies-focusing-on-aviation-healthcare-and-energy.html |title=GE to break up into 3 companies focusing on aviation, health care and energy |work=[[CNBC]] |date=2021-11-09 |access-date=2021-11-09 |archive-url=https://web.archive.org/web/20211110032311/https://www.cnbc.com/2021/11/09/ge-to-break-up-into-3-companies-focusing-on-aviation-healthcare-and-energy.html |archive-date=2021-11-10 |url-status=live}}</ref><ref>{{Cite news |last1=Ganapavaram|first1=Abhijith |last2=Singh|first2=Rajesh Kumar |date=2021-11-09|title=GE, an industrial conglomerate pioneer, to break up|language=en|work=Reuters|url=https://www.reuters.com/business/ge-form-three-public-companies-2021-11-09/|access-date=2021-11-09 |archive-url=https://web.archive.org/web/20211109215139/https://www.reuters.com/business/ge-form-three-public-companies-2021-11-09/ |archive-date=2021-11-09 |url-status=live}}</ref> The company's legal name is still General Electric Company.