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General Electric

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General Electric Company (GE)

Company Overview

Describe the company in general and how it operates, and the market.
General Electric is a well-diversified infrastructure, media and finance company taking on the world’s roughest challenges and obstacles. General Electric is currently comprised of six distinct divisions. GE Technology Infrastructure develops technologies for transportation infrastructures. This segment includes GE Aviation, which produces and sells jet engines and other parts for military and commercial aircraft. GE Transportation provides technological parts, such as locomotives and engines, to the railroad, marine, and transit industries. GE Water manufactures pumps, filters, and other equipment needed in water treatment and desalination systems. GE Healthcare is a subunit of GE Technology Infrastructure that offers healthcare and medical-related services and goods. The division manufactures and services a range of medical equipment including CT, PET, MRI, nuclear, and X-ray imaging. GE Energy Infrastructure segment manufactures equipment for energy companies. GE Energy sells energy technologies such as gas turbines, generators, and steam turbines to power companies and industrial plants. GE Oil and Gas supplies equipment such as drilling systems, floating production platforms, compressors, and turbines for the oil and natural gas industry. Oil and Gas is one segment the company would like to expand, aiming to double its revenue to $15 billion by 2014. The company expects Oil and Gas to grow organically by focusing on niches rather than compete with larger rivals Halliburton and Schlumberger N.V. In December 2010, GE Oil & Gas announced it would buy Wellstream Holdings, a subsea pipeline manufacturer, for $1.3 billion. NBC Universal is one of the four major US broadcast networks and a motion picture studio. The unit includes a portfolio of

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