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GE Capital was the financial services division of General Electric. Its various units were sold between 2013 and 2021, including the notable spin-off of the North American consumer finance division as Synchrony Financial.
GE Credit Corporation, which evolves into GE Consumer Finance, is founded to allow families to purchase General Electric appliances on credit: 1935 General Electric markets the first electric garbage disposal, the Disposall (disputed by InSinkErator) 1940 Philip D. Reed replaces Owen Young as Chairman 1942
Not to be confused with the former British General Electric Company (GEC). General Electric Company ( GE) was an American multinational conglomerate founded in 1892, incorporated in the state of New York and headquartered in Boston. The company had several divisions, including aerospace, energy, healthcare, and finance.
In 2007, it earned $12.7 billion, contributing over half of GE’s total profit. But the Great Financial Crisis sent the finance arm reeling, and in 2015, Immelt sold its assets at fire-sale ...
GE’s turnaround playbook helped push shares up 96% in 2023, outperforming tech giants. Good morning. Strategic planning and growth are on the agenda for many businesses, but GE, a more-than-130 ...
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