99-631: The U34CH is a 3,600 hp (2,700 kW) passenger diesel locomotive built by General Electric between 1970 and 1973. In total, 33 U34CH units were built; 32 were built for the New Jersey Department of Transportation and operated by the Erie Lackawanna Railway and, later, Conrail , with the last unit coming as a later rebuild of a GE U30C for the New York MTA . The 32 initial locomotives numbered 3351–3382, were built by GE for
198-636: A "Farewell to the U34CH" excursion. A few U34CHs were used in work train service until the delivery of replacement EMD GP40-2s . For a time, three U34CHs were leased to SEPTA and one unit, 4154, received SEPTA's blue diesel paint scheme. Nine of the U34CHs were scrapped. Nineteen U34CHs were sold to Conrail, which eventually sold the units to GEC-Alstom which shipped them to Mexico. Of the units shipped to Mexico, five U34CHs are known to have been in operation, with one being in service as late as 2003. Their current status
297-533: A $ 3 billion deal and also bought a $ 1.6 billion portfolio of retail credit cards from Citigroup Inc. On October 14, 2010, GE announced the acquisition of data migration & SCADA simulation specialists Opal Software. In December 2010, for the second time that year (after the Dresser acquisition), GE bought the oil sector company Wellstream , an oil pipe maker, for 800 million pounds ($ 1.3 billion). In March 2011, GE announced that it had completed
396-871: A Ponzi Scheme run by Bernard Madoff , accused General Electric of being a "bigger fraud than Enron," alleging $ 38 billion in accounting fraud. GE denied wrongdoing. On October 6, 2020, General Electric reported it received a Wells notice from the Securities and Exchange Commission stating the SEC may take civil action for possible violations of securities laws. Southeastern Pennsylvania Transportation Authority [REDACTED] Geographically-accurate map of SEPTA and connecting rail transit services as of 2005. Includes Regional Rail , rapid transit, and selected interurban and suburban trolley lines. Does not include SEPTA's subway-surface lines or Girard streetcar. The Southeastern Pennsylvania Transportation Authority ( SEPTA )
495-736: A citywide system of bus , trolley , and trackless trolley routes, the Market–Frankford Line (subway-elevated rail), the Broad Street Line (subway), and the Delaware River Bridge Line (subway-elevated rail to City Hall, Camden, NJ) which became SEPTA's City Transit Division. The PTC had been created in 1940 with the merger of the Philadelphia Rapid Transit Company (formed in 1902), and a group of smaller, then-independent transit companies operating within
594-526: A controlling interest in the company, while GE would retain a 49% stake and would buy out shares owned by Vivendi. Vivendi would sell its 20% stake in NBCUniversal to GE for US$ 5.8 billion. Vivendi would sell 7.66% of NBCUniversal to GE for US$ 2 billion if the GE/Comcast deal was not completed by September 2010 and then sell the remaining 12.34% stake of NBCUniversal to GE for US$ 3.8 billion when
693-577: A division of GE called GE Information Systems (GEIS). The new company, named GXS , is based in Gaithersburg, Maryland . GXS is a provider of business-to-business e-commerce solutions. GE maintains a minority stake in GXS. Also in 2002, GE Wind Energy was formed when GE bought the wind turbine manufacturing assets of Enron Wind after the Enron scandals . In 2004, GE bought 80% of Vivendi Universal Entertainment,
792-482: A door-to-door ridesharing service through advance reservations for senior citizens age 65 or older in the city of Philadelphia for travel within the city and to points within 3 miles (4.8 km) of the city's borders. The ADA Paratransit Service provides door-to-door service through advance reservations for people with disabilities in accordance with the Americans with Disabilities Act (ADA), allowing for travel across
891-565: A few years later with Thomson-Houston Electric Company , led by Charles Coffin . In 1887, Hart left to become superintendent of the Edison Electric Company. General Electric was formed through the 1892 merger of Edison General Electric Company and Thomson-Houston Electric Company with the support of Drexel, Morgan & Co. The original plants of both companies continue to operate under the GE banner to this day. The General Electric business
990-640: A future alternate to New York via the West Trenton Line and NJT. Another plan offers a connection for travel to Baltimore and Washington, D.C. via MARC, involving extensions of the SEPTA Wilmington/Newark Line from Newark, Delaware, an extension of MARC's Penn service from Perryville, Maryland , or both. CCT Connect is a paratransit service from SEPTA that offers a Shared-Ride Program for senior citizens and ADA Paratransit Service for people with disabilities. The Shared-Ride Program provides
1089-507: A joint venture in steam turbines, plus a €3.1 billion cash investment. In June 2014, a formal offer from GE worth $ 17 billion was agreed by the Alstom board. Part of the transaction involved the French government taking a 20% stake in Alstom to help secure France's energy and transport interests and French jobs. A rival offer from Siemens Mitsubishi Heavy Industries was rejected. The acquisition
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#17328523179301188-541: A lamp manufacturer in East Newark, New Jersey ; Edison Machine Works , a manufacturer of dynamos and large electric motors in Schenectady, New York ; Bergmann & Company, a manufacturer of electric lighting fixtures , sockets , and other electric lighting devices; and Edison Electric Light Company, the patent -holding company and financial arm for Edison's lighting experiments, backed by J. P. Morgan (1837–1913) and
1287-594: A nearly five-year suspension. Until June 2002, five SEPTA routes were operated with trackless trolleys, using AM General vehicles built in 1978–79. Routes 29 , 59 , 66 , 75 and 79 used trackless trolleys, but were converted to diesel buses for an indefinite period starting in 2002 (routes 59, 66, 75) and 2003 (routes 29, 79). The aging AM General trackless trolleys were retired and in February 2006, SEPTA placed an order for 38 new low-floor trackless trolleys from New Flyer Industries , enough for routes 59, 66 and 75, and
1386-1126: A subsidiary of SEPTA) to Frontier Division in November 1983. Krapf Transit operates one bus line under contract to SEPTA in Chester County: Route 204 between Paoli Regional Rail Station and Eagleview. This route is operated from Krapf's own garage, located in West Chester, Pennsylvania . Krapf has operated three other bus routes for SEPTA in the past. Route 202 (West Chester to Wilmington), Route 207 (The Whiteland WHIRL) and Route 208 (Strafford Train Station to Chesterbrook) are no longer operating. SEPTA contracted bus operations before in Chester County. SEPTA and Reeder's Inc. joined forces in 1977 to operate three bus routes out of West Chester. These routes were Route 120 (West Chester to Coatesville), Route 121 (West Chester to Paoli), and Route 122 (West Chester to Oxford). Bus service between West Chester and Coatesville
1485-685: Is a member of the Northeast Corridor Commission , a federal commission on Northeast Corridor rail service. In 2020, annual ridership was 223.5 million individual rides. 17.1 million were rides on SEPTA's suburban network. 26.3 million were rides on SEPTA's "regional rail" network. 180.1 million were rides on SEPTA's "city transit" network. Ridership had decreased 13% from 2014 to 2019 due to many factors. Some explanations mentioned by SEPTA for this decrease are "increased competition, structural changes in ridership patterns, and moderate gas prices." The 24% decrease in ridership from 2019 to 2020
1584-402: Is a regional public transportation authority that operates bus , rapid transit , commuter rail , light rail , and electric trolleybus services for nearly four million people throughout five counties in and around Philadelphia , Pennsylvania . It also manages projects that maintain, replace, and expand its infrastructure, facilities, and vehicles. SEPTA is the major transit provider for
1683-513: Is one of GE's four multifunctional shared services centers worldwide in Pudong , China; Budapest , Hungary; and Monterrey , Mexico. In April 2015, GE announced its intention to sell off its property portfolio, worth $ 26.5 billion, to Wells Fargo and The Blackstone Group . It was announced in April 2015 that GE would sell most of its finance unit and return around $ 90 billion to shareholders as
1782-545: Is provided by other agencies: the PATCO Speedline from Camden County, New Jersey is run by the Delaware River Port Authority , a bi-state agency; NJ Transit operates many bus lines and a commuter rail line to Philadelphia's Center City ; and DART First State runs feeder bus lines to SEPTA stations in the state of Delaware . SEPTA has the seventh-largest U.S. rapid transit system by ridership, and
1881-823: Is sometimes referred to as the Red Arrow Division. On March 1, 1976, SEPTA acquired the transit operations of Schuylkill Valley Lines, known today as the Frontier Division . Meanwhile, SEPTA gradually began to take over the Pennsylvania Railroad and Reading Company commuter trains. SEPTA primarily sought to consolidate the formerly-competing services, leading to severe cutbacks in the mid-1980s. Subsequent proposals have since been made to restore service to Allentown , Bethlehem , West Chester , and Newtown , with support from commuters, local officials, and pro-train advocates. SEPTA's planning department focused on
1980-784: Is the descendant of the Philadelphia Transportation Company . Aside from the two heavy rail lines, the City Transit Division has eight operating depots in this division: five of these depots only operate buses, one is a mixed bus/trackless trolley depot, one is a mixed bus/streetcar depot and one is a streetcar-only facility. The Victory District operates suburban bus and trolley or light rail routes that are based at 69th Street Transportation Center in Upper Darby in Delaware County . Its light rail routes comprise
2079-615: Is the descendant of the six electrified commuter lines of the Reading Company (RDG), the six electrified commuter lines of the Pennsylvania Railroad (PRR, later Penn Central: PC), and the new airport line constructed by the City of Philadelphia between 1974 and 1984. With the construction and opening of the Center City Commuter Connection Tunnel in 1984, lines were paired such that a former Pennsylvania Railroad line
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#17328523179302178-499: Is the only U.S. transit authority that operates all five major types of terrestrial transit vehicles: regional commuter rail trains , rapid transit subway and elevated trains , light rail trolleys , trolleybuses , and motorbuses . This title was shared with Boston 's Massachusetts Bay Transportation Authority , which also ran ferryboat service, until trolleybuses in Greater Boston were officially discontinued in 2023. SEPTA
2277-460: Is unclear, due to a privatization of the Mexican railroads leading to many older locomotives being scrapped. Two U34CHs were sold to Conrail and then sold to RMDI . Both units were scrapped at Pittston, PA during the summer of 2003. One U34CH was sold to América Latina Logística of Brazil for parts use. All U34CHs were off NJ Transit property by 1996. One U34CH, 4172 (formerly 3372) was donated to
2376-559: The DATANET-30 and Datanet 355 message switching computers (DATANET-30 and 355 were also used as front end processors for GE mainframe computers). A Datanet 500 computer was designed but never sold. In 1956 Homer Oldfield had been promoted to General Manager of GE's Computer Department. He facilitated the invention and construction of the Bank of America ERMA system, the first computerized system designed to read magnetized numbers on checks. But he
2475-522: The Lansdale/Doylestown , Paoli/Thorndale , and Trenton lines each receiving over 7,000 riders per day. Most of the cars used on the lines were built between 1976 and 2013. After building delays, the first Silverliner V cars were introduced into service on October 29, 2010. These cars represent the first new electric multiple units purchased for the Regional Rail system since the completion of
2574-548: The Media–Sharon Hill Line ) as the "SEPTA Metro", in order to make the system easier to navigate. Under this proposal, new maps, station signage, and line designations would be created. Under the proposed nomenclature, trunk lines would receive a letter and a color, with services having a numeric suffix and service name to make wayfinding easier. Services on the current Market–Frankford Line, for instance, would be called "the L" and colored blue, with local service becoming
2673-497: The Multics operating system on the GE 645 mainframe computer. The project took longer than expected and was not a major commercial success, but it demonstrated concepts such as single-level storage , dynamic linking , hierarchical file system , and ring-oriented security . Active development of Multics continued until 1985. GE got into computer manufacturing because, in the 1950s, they were
2772-566: The NBC television network for $ 6.28 billion; this merger surpassed the Capital Cities/ABC merger from earlier that year as the largest non-oil company merger in world business history. The remainder of RCA's divisions and assets were sold to various companies, including Bertelsmann Music Group which acquired RCA Records . Thomson SA , which licensed the manufacture of RCA and GE branded electronics, traced its roots to Thomson-Houston, one of
2871-543: The National Broadcasting Company (NBC), which built two radio broadcasting networks. In 1930, General Electric was charged with antitrust violations and was ordered to divest itself of RCA. In 1927, Ernst Alexanderson of GE made the first demonstration of television broadcast reception at his General Electric Realty Plot home at 1132 Adams Road in Schenectady, New York. On January 13, 1928, he made what
2970-465: The New Jersey Department of Transportation (NJDOT) and operated by the Erie Lackawanna Railway with new Pullman Standard push-pull coaches . The units were intended to replace locomotives in suburban commuter service out of Hoboken, New Jersey . The U34CH preceded the GE U36C in GE's catalog. The U34CH was the first GE locomotive to use steel crowned pistons to develop 3,600 hp (2,700 kW) and
3069-762: The Norristown High Speed Line (Route 100) that runs from 69th Street Transportation Center to Norristown Transportation Center and the Media–Sharon Hill Line (Routes 101 and 102). This district is the descendant of the Philadelphia Suburban Transportation Company, also known as the Red Arrow Lines. Some residents of the Victory District operating area still refer to this district as the "Red Arrow Division". The Frontier District operates suburban bus routes that are based at
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3168-595: The Railroad Division . Like New York City 's Second Avenue Subway , the original proposal for the Roosevelt Boulevard Subway dates back to 1913, but construction has remained elusive. Instead, after completing the Market–Frankford Line in and around the city stagnated until the early 2000s. On September 30, 1968, SEPTA acquired the Philadelphia Transportation Company (PTC), which operated
3267-563: The Schuylkill Valley Metro , a "cross-county metro" that would re-establish service to Phoenixville , Pottstown , and Reading without requiring the rider to go into Philadelphia. However, ridership projections were dubious, and the Federal Railroad Administration refused to fund the project. Many derelict lines under SEPTA ownership have been converted to rail trails, postponing any restoration proposals for
3366-674: The United Railway Historical Society of New Jersey (URHS) and was stored on the New York and Greenwood Lake Railway in Passaic, New Jersey . In October 2013, the URHS began a fundraising effort to restore 3372 called "Project U-Boat." The campaign had raised enough funds by March 2014, and later that year, the URHS began looking for bids to move the locomotive. On October 29, Morristown & Erie Railway crews were sent to Passaic to rescue
3465-562: The Vanderbilt family . Henry Villard, a long-time Edison supporter and investor, proposed to consolidate all of business interests. The proposal was supported by Samuel Insull - who served as his secretary and, later, financier - as well other investors. In 1889, Drexel, Morgan & Co. —a company founded by J.P. Morgan and Anthony J. Drexel —financed Edison's research and helped merge several of Edison's separate companies under one corporation, forming Edison General Electric Company, which
3564-626: The transmission of electrical power . In 1896, General Electric was one of the original 12 companies listed on the newly formed Dow Jones Industrial Average , where it remained a part of the index for 122 years, though not continuously. In 1911, General Electric absorbed the National Electric Lamp Association (NELA) into its lighting business. GE established its lighting division headquarters at Nela Park in East Cleveland, Ohio . The lighting division has since remained in
3663-450: The "L1 Market–Frankford Local". SEPTA budgeted $ 40 million for the rebranding in June 2023. SEPTA upgraded its website in late 2023 in advance of the planned rollout of SEPTA Metro in 2024. In 2024, general manager Leslie Richards resigned. At its founding in 1968, the board had 11 members. In 1991 the state legislature added four additional members, giving themselves more influence on
3762-696: The 120 Silverliner V cars in the SEPTA regional rail fleet. SEPTA announced that it would take "the rest of the summer" to repair and would reduce the system's capacity by as much as 50%. In addition to regular commuter rail service, the loss of system capacity was also expected to cause transportation issues for the Democratic National Convention being held in Philadelphia on the week of July 25, 2016. SEPTA has three major operating divisions: City Transit, Suburban, and Regional Rail. These divisions reflect
3861-567: The 1990s the U34CHs were starting to show their age. As New Jersey Transit received rebuilt former Penn Central GP40PH-2B from Conrail's Juniata shops during 1993–94, the fate of the U34CH was sealed. As the units suffered major mechanical failures, they were removed from service rather than repaired. The U34CHs were formally retired from passenger service in August 1994, at which time the United Railway Historical Society (URHS) ran
3960-455: 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
4059-599: The Broad Street Line to the Philadelphia Naval Shipyard . As of December 2017 , SEPTA had completed an Environmental Impact Statement to extend the Norristown High Speed Line to the King of Prussia area. In September 2021, SEPTA proposed rebranding their rail transit services, the Market–Frankford Line , Broad Street Line, Subway–Surface trolley lines , Norristown High Speed Line , Route 15 trolley, and
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4158-584: The Denver television station until in 1986, when General Electric bought out RCA and made it into an owned-and-operated station by NBC . It even stayed on until 1995 when it was transferred to a joint venture between CBS and Group W in a swap deal, alongside KUTV in Salt Lake City for longtime CBS O&O in Philadelphia, WCAU-TV . Stations are arranged in alphabetical order by state and city of license . Led by Sanford Alexander Moss , GE moved into
4257-784: The Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE— Irving Langmuir (1932) and Ivar Giaever (1973)—have been awarded the Nobel Prize . Following the Great Recession of the late 2000s decade, General Electric began selling off various divisions and assets, including its appliances and financial capital divisions, under Jeff Immelt 's leadership as CEO. John Flannery, Immelt's replacement in 2017, further divested General Electric's assets in locomotives and lighting in order to focus
4356-801: The Norristown Transportation Center in Montgomery County and bus lines that serve eastern Bucks County. This district is the descendant of the Schuylkill Valley Lines in the Norristown area and the Trenton-Philadelphia Coach Lines in eastern Bucks County. SEPTA took over Schuylkill Valley Lines operations on March 1, 1976. SEPTA turned over the Bucks County routes (formerly Trenton-Philadelphia Coach Line Routes,
4455-676: The Pennsylvania Railroad merged with the New York Central railroad to become Penn Central , only to file for bankruptcy on June 21, 1970. Penn Central continued to operate in bankruptcy until 1976, when Conrail took over its assets along with those of several other bankrupt railroads, including the Reading Company. Conrail operated commuter services under contract to SEPTA until January 1, 1983, when SEPTA took over operations and acquired track, rolling stock, and other assets to form
4554-651: The Route 120 was strong it continued to operate under the operations of Reeder's Inc. even after SEPTA pulled the funding source. Krapf purchased the Reeder's operation in 1992 and designated the remaining (West Chester to Coatesville) bus route as Krapf Transit "Route A". Route 205 (Paoli Station to Chesterbrook) was formerly operated by Krapf until late 2019, when it was merged into SEPTA's own Route 206 (Paoli Station to Great Valley). The Railroad Division operates 13 commuter railroad routes that begin in Center City Philadelphia and radiate outwards, terminating in intra-city, suburban and out-of-state locations. This division
4653-452: The Silverliner IV order in 1976 and the first such purchase to be made by SEPTA. As of March 19, 2013, all Silverliner V cars are in service and make up almost one-third of the current 400 car Regional Rail fleet, which are replacing the older, aging fleet. In July 2016, a serious structural flaw, including cracks in a weight-bearing beam on a train car's undercarriage, was discovered during an emergency inspection to exist in more than 95% of
4752-422: The State of New Jersey . The U34CHs, having been owned by NJDOT, were conveyed to NJ Transit. Many of the U34CHs would remain in their "Bluebird" paint scheme with only a silver patch and NJ Transit logo painted on their noses to indicate their ownership. Seven U34CHs were repainted into NJ Transit's "Disco Stripe" scheme. The U34CHs continued to operate primarily on former EL lines out of Hoboken, New Jersey . By
4851-410: The U-Boat and remove it from NY&GL property. The locomotive was stored at the URHS Restoration facility in Boonton, NJ while funds were being raised to restore it to operation. Restoration efforts began in September 2022. By September 2023, the locomotive had been cosmetically restored, and was successfully started the following September. General Electric General Electric Company ( GE )
4950-475: The U.S. Army Air Corps to select GE to develop the nation's first jet engine during the war. This experience, in turn, made GE a natural selection to develop the Whittle W.1 jet engine that was demonstrated in the United States in 1941. GE was ranked ninth among United States corporations in the value of wartime production contracts. However, their early work with Whittle's designs was later handed to Allison Engine Company . GE Aviation then emerged as one of
5049-520: The U.S. and Canada. The exact terms of the sale were not disclosed, but the final price would be based on the value of the assets at closing, plus a premium according to the parties. In October 2015, activist investor Nelson Peltz 's fund Trian bought a $ 2.5 billion stake in the company. In January 2016, Haier acquired GE's appliance division for $ 5.4 billion. In October 2016, GE Renewable Energy agreed to pay €1.5 billion to Doughty Hanson & Co for LM Wind Power during 2017. At
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#17328523179305148-443: The acquisition of Hydril Pressure & Control in 2008 for $ 1.1 billion. GE Plastics was sold in 2008 to SABIC (Saudi Arabia Basic Industries Corporation). In May 2008, GE announced it was exploring options for divesting the bulk of its consumer and industrial business. On December 3, 2009, it was announced that NBCUniversal would become a joint venture between GE and cable television operator Comcast . Comcast would hold
5247-406: The acquisition of privately held Lineage Power Holdings from The Gores Group . In April 2011, GE announced it had completed its purchase of John Wood plc's Well Support Division for $ 2.8 billion. In 2011, GE Capital sold its $ 2 billion Mexican assets to Santander for $ 162 million and exited the business in Mexico. Santander additionally assumed the portfolio debts of GE Capital in
5346-631: The board. SEPTA is governed by a 15-member board of directors: The members of the SEPTA Board as of March 2023 are: The day-to-day operations of SEPTA are handled by the general manager , who is appointed and hired by the board of directors. The general manager is assisted by nine department heads called assistant general managers. The present general manager is Leslie Richards . Past general managers include Jeffrey Knueppel, Joseph Casey, Faye L. M. Moore, Joseph T. Mack, John "Jack" Leary, Louis Gambaccini , and David L. Gunn . Past acting general managers include James Kilcur and Bill Stead. SEPTA
5445-426: The city and its environs. On January 30, 1970, SEPTA acquired the Philadelphia Suburban Transportation Company, also known as the Red Arrow Lines, which included the Philadelphia and Western Railroad (P&W) route now called the Norristown High Speed Line , the Media–Sharon Hill Line (Routes 101 and 102), and several suburban bus routes in Delaware County. Today, this is known as the Victory Division , though it
5544-410: The city of Philadelphia and four surrounding counties within the Philadelphia metropolitan area: Delaware , Montgomery , Bucks , and Chester . It is a state-created authority, with the majority of its board appointed by the five counties it serves. While several SEPTA commuter rail lines terminate in the nearby states of Delaware and New Jersey , additional service to Philadelphia from those states
5643-427: The commuter rail services formerly operated by Conrail under contract and reorganized them as Regional Rail. This division operates 13 lines serving more than 150 stations covering most of the five-county southeastern Pennsylvania region. It also runs trains to Wilmington and Newark in Delaware and Trenton and West Trenton in New Jersey . Daily ridership on the regional rail network averaged 58,713 in 2023, with
5742-694: The company expanded into cable with the launch of a franchise, which was awarded to a non-exclusive franchise in Schenectady through subsidiary General Electric Cablevision Corporation. On February 15, 1965, General Electric expanded its holdings in order to acquire more television stations to meet the maximum limit of the FCC, and more cable holdings through subsidiaries General Electric Broadcasting Company and General Electric Cablevision Corporation. The company also owned television stations such as KOA-TV (now KCNC-TV ) in Denver and WSIX-TV (later WNGE-TV, now WKRN ) in Nashville, but like WRGB, General Electric sold off most of its broadcasting holdings, but held on to
5841-460: The company more on aviation. After restrictions on air travel during the COVID-19 pandemic caused General Electric's revenue to fall significantly in 2020, GE's final CEO Larry Culp announced in November 2021 that General Electric was to be broken up into three separate, public companies— GE Aerospace , GE HealthCare , and GE Vernova —by 2024. The new companies are respectively focused on aerospace, healthcare, and energy. GE HealthCare's spin-off
5940-404: The company was renamed back to Baker Hughes. In May 2017, GE had signed $ 15 billion of business deals with Saudi Arabia . Saudi Arabia is one of GE's largest customers. In September 2017, GE announced the sale of its Industrial Solutions Business to ABB . The deal closed on June 30, 2018. On August 15, 2019, Harry Markopolos , a financial fraud investigator known for his discovery of
6039-520: The company's longtime stake in television and film media. In April 2013, GE acquired oilfield pump maker Lufkin Industries for $ 2.98 billion. In April 2014, it was announced that GE was in talks to acquire the global power division of French engineering group Alstom for a figure of around $ 13 billion. A rival joint bid was submitted in June 2014 by Siemens and Mitsubishi Heavy Industries (MHI) with Siemens seeking to acquire Alstom's gas turbine business for €3.9 billion, and MHI proposing
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#17328523179306138-424: The country. Following this, GE Capital focused on its core business and shed its non-core assets. In June 2012, CEO and President of GE Jeff Immelt said that the company would invest ₹ 3 billion to accelerate its businesses in Karnataka . In October 2012, GE acquired $ 7 billion worth of bank deposits from MetLife Inc . On March 19, 2013, Comcast bought GE's shares in NBCU for $ 16.7 billion, ending
6237-441: The deal was completed or to the public via an IPO if the deal was not completed. On March 1, 2010, GE announced plans to sell its 20.85% stake in Turkey-based Garanti Bank. In August 2010, GE Healthcare signed a strategic partnership to bring cardiovascular Computed Tomography (CT) technology from start-up Arineta Ltd. of Israel to the hospital market. In October 2010, GE acquired gas engines manufacturer Dresser Industries in
6336-508: The different transit and railroad operations that SEPTA has assumed. SEPTA also offers CCT Connect paratransit service. The City Transit Division operates routes mostly within Philadelphia , including buses , subway–surface trolleys , one surface trolley line , the Market–Frankford Line , and the Broad Street Line . SEPTA City Transit Division surface routes include bus and trackless trolley lines. Some city division routes extend into Delaware, Montgomery, and Bucks counties. This division
6435-426: The end of October 2016, it was announced that GE was under negotiations for a deal valued at about $ 30 billion to combine GE Oil & Gas with Baker Hughes . The transaction would create a publicly traded entity controlled by GE. It was announced that GE Oil & Gas would sell off its water treatment business, GE Water & Process Technologies, as part of its divestment agreement with Baker Hughes. The deal
6534-406: The fifth-largest overall transit system in the U.S. with about 302 million annual unlinked trips as of fiscal year 2018. It controls 290 active stations, over 450 miles (720 km) of track, 2,350 revenue vehicles, and 196 routes. It also oversees shared-ride services in Philadelphia and ADA services across the region, which are operated by third-party contractors, Amtrak, and NJ Transit. SEPTA
6633-584: The firm looked to trim down on its holdings and rid itself of its image of a "hybrid" company, working in both banking and manufacturing. In August 2015, GE Capital agreed to sell its Healthcare Financial Services business to Capital One for US$ 9 billion. The transaction involved US$ 8.5 billion of loans made to a wide array of sectors, including senior housing, hospitals, medical offices, outpatient services, pharmaceuticals, and medical devices. Also in August 2015, GE Capital agreed to sell GE Capital Bank's on-line deposit platform to Goldman Sachs . Terms of
6732-523: The foreseeable future. Proposals have also been made for increased service on existing lines, including later evenings and Sundays to Wilmington , Delaware , and Newark . Maryland's MARC commuter rail system is considering extending its service as far as Newark , which would allow passengers to connect directly between SEPTA and MARC. Other recent proposals have also focused on extending and enhancing SEPTA's other transit services. Senator of Pennsylvania, Bob Casey , has supported recent proposals expanding
6831-756: The largest trolley system in the United States. NRG (limited) Darby Transit Center (limited) SEPTA lists 115 bus routes, not including about two dozen school trips, with most routes in the City of Philadelphia proper. SEPTA generally employs lettered, one-digit, and two-digit route numbering for its City Division routes; 90-series and 100-series routes for its Suburban Division routes; 200-series routes for its Regional Rail connector routes; 300-series routes for other specialized or third-party contract routes; and 400-series routes for limited-service buses to schools within Philadelphia. Trolleybuses , or trackless trolleys as they are called by SEPTA, operate on routes 59 , 66 , and 75 . Service resumed in spring 2008 after
6930-440: The largest user of computers outside the United States federal government , aside from being the first business in the world to own a computer. Its major appliance manufacturing plant " Appliance Park " was the first non-governmental site to host one. However, in 1970, GE sold its computer division to Honeywell , exiting the computer manufacturing industry, though it retained its timesharing operations for some years afterward. GE
7029-452: The new field of aircraft turbo superchargers . This technology also led to the development of industrial gas turbine engines used for power production. GE introduced the first set of superchargers during World War I and continued to develop them during the interwar period . Superchargers became indispensable in the years immediately before World War II. GE supplied 300,000 turbo superchargers for use in fighter and bomber engines. This work led
7128-545: The original components of GE. Also in 1986, Kidder, Peabody & Co. , a U.S.-based securities firm, was sold to GE and following heavy losses was sold to PaineWebber in 1994. In 1997, Genpact was founded as a unit of General Electric in Gurgaon . The company was founded as GE Capital International Services (GECIS). In the beginning, GECIS created processes for outsourcing back-office activities for GE Capital such as processing car loans and credit card transactions. It
7227-552: The parent of Universal Pictures from Vivendi . Vivendi bought 20% of NBC, forming the company NBCUniversal . GE then owned 80% of NBCUniversal and Vivendi owned 20%. In 2004, GE completed the spin-off of most of its mortgage and life insurance assets into an independent company, Genworth Financial , based in Richmond, Virginia . In May 2007, GE acquired Smiths Aerospace for $ 4.8 billion. Also in 2007, GE Oil & Gas acquired Vetco Gray for $ 1.9 billion, followed by
7326-643: The pilot trackless trolley arrived for testing in June 2007. The vehicles were delivered between February and August 2008. Trackless trolley service resumed on Routes 66 and 75 on April 14, 2008, and on Route 59 the following day, but was initially limited to just one or two vehicles on each route, as new trolley buses gradually replaced the motorbuses serving the routes over a period of several weeks. The SEPTA board voted in October 2006 not to order additional vehicles for Routes 29 and 79, and those routes permanently became non-electric. On January 1, 1983, SEPTA took over
7425-509: The remedies proposed by GE were insufficient to resolve the competition concerns resulting from the proposed acquisition of Honeywell". On June 27, 2014, GE partnered with collaborative design company Quirky to announce its connected LED bulb called Link. The Link bulb is designed to communicate with smartphones and tablets using a mobile app called Wink . In December 1985, GE reacquired the RCA Corporation , primarily to gain ownership of
7524-636: The route. Since ridership patterns have changed since the implementation of this plan, SEPTA removed the R-numbers from the lines in July 2010 and instead refers to the lines by the names of their termini. The out-of-state terminals offer connections with other transit agencies. The Trenton Line offers connections in Trenton, New Jersey to NJ Transit (NJT) or Amtrak for travel to New York City . Plans exist to restore NJT service to West Trenton, New Jersey , thus offering
7623-685: The same location. Owen D. Young, who was then GE's general counsel and vice president, through GE, founded the Radio Corporation of America (RCA) in 1919. This came after Young, while working with senior naval officers, purchased the Marconi Wireless Telegraph Company of America , which was a subsidiary of the British company Marconi Wireless and Signal Company. He aimed to expand international radio communications. GE used RCA as its retail arm for radio sales. In 1926, RCA co-founded
7722-505: The time, and GE increased engineering and supplies for the Wind Division and doubled the annual sales to $ 1.2 billion in 2003. It acquired ScanWind in 2009. In 2018, GE Power garnered press attention when a model 7HA gas turbine in Texas was shut down for two months due to the break of a turbine blade . This model uses similar blade technology to GE's newest and most efficient model,
7821-596: The transaction were not disclosed, but the sale included US$ 8 billion of on-line deposits and another US$ 8 billion of brokered certificates of deposit. The sale was part of GE's strategic plan to exit the U.S. banking sector and to free itself from tightening banking regulations. GE also aimed to shed its status as a "systematically important financial institution". In September 2015, GE Capital agreed to sell its transportation finance unit to Canada's Bank of Montreal . The unit sold had US$ 8.7 billion (CA$ 11.5 billion) of assets, 600 employees, and 15 offices in
7920-500: The turbine blade issue of the 9FB unit would impact the new HA units. GE was one of the eight major computer companies of the 1960s along with IBM , Burroughs , NCR , Control Data Corporation , Honeywell , RCA , and UNIVAC . GE had a line of general purpose and special purpose computers, including the GE 200 , GE 400 , and GE 600 series general-purpose computers, the GE/PAC 4000 series real-time process control computers, and
8019-587: The units were painted in a dark blue and silver paint scheme with NJDOT logo and were often called "Bluebirds" by rail enthusiasts. The U34CHs on the weekends were sometimes used in Erie Lackawanna freight service, often being on freight duty from Saturday to Sunday and returning to commuter service Monday morning. On April 1, 1976, the Erie Lackawanna, which had been bankrupt since 1972, was merged into Conrail . The U34CHs were assigned new numbers 4151–4182. Only one U34CH (3351) would receive Conrail lettering. It
8118-461: The world's largest engine manufacturers, bypassing the British company Rolls-Royce plc . Some consumers boycotted GE light bulbs, refrigerators, and other products during the 1980s and 1990s. The purpose of the boycott was to protest against GE's role in nuclear weapons production. In 2002, GE acquired the wind power assets of Enron during its bankruptcy proceedings. Enron Wind was the only surviving U.S. manufacturer of large wind turbines at
8217-599: Was a major provider of computer time-sharing services through General Electric Information Services (GEIS, now GXS), offering online computing services that included GEnie . In 2000, when United Technologies Corp. planned to buy Honeywell, GE made a counter-offer that was approved by Honeywell. On July 3, 2001, the European Union issued a statement that "prohibit the proposed acquisition by General Electric Co. of Honeywell Inc.". The reasons given were it "would create or strengthen dominant positions on several markets and that
8316-415: Was a replacement for the previous trolley service operated by West Chester Traction. SEPTA replaced two of the routes with their own bus service. Route 122 service was replaced by SEPTA's Route 91 in July 1982, after only one year of service. Route 91 was eliminated due to lack of ridership. Route 121 was replaced by SEPTA's Route 92 in October 1982. This service continues to operate today. Since ridership on
8415-597: Was an experimental concept at the time and the beginning of the business process outsourcing (BPO) industry. GE sold 60% stake in Genpact to General Atlantic and Oak Hill Capital Partners in 2005 and hived off Genpact into an independent business. GE is still a major client to Genpact today for services in customer service, finance, information technology, and analytics. In 2001, GE acquired Spanish-language broadcaster Telemundo and incorporated it into NBC. In 2002, Francisco Partners and Norwest Venture Partners acquired
8514-592: Was an American multinational conglomerate founded in 1892, incorporated in the state of New York and headquartered in Boston . The company had several divisions, including aerospace , energy , healthcare , and finance . In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue . In 2023, the company was ranked 64th in the Forbes Global 2000 . In 2011, GE ranked among
8613-506: Was built for the New York MTA (later Metro-North Railroad ) as part of their commitment to service to Port Jervis, New York . This new U34CH, numbered 4183, was rebuilt from an accident-damaged former Chicago and North Western Railway GE U30C (C&NW number 934). It too was painted in the "Bluebird" paint scheme, but with an MTA logo on its nose. Conrail operated commuter service on behalf of NJ DOT until January 1, 1983, when New Jersey Transit took over all commuter rail operations in
8712-644: Was cleared by the EU in May 2017, and by the United States Department of Justice in June 2017. The merger agreement was approved by shareholders at the end of June 2017. On July 3, 2017, the transaction was completed, and Baker Hughes became a GE company and was renamed Baker Hughes, a GE Company (BHGE). In November 2018, GE reduced its stake in Baker Hughes to 50.4%. On October 18, 2019, GE reduced its stake to 36.8% and
8811-426: Was coupled with a former Reading line. Seven such pairings were created and given route designations numbered R1 through R8 (with R4 not used). As a result, the routes were originally designed so that trains would proceed from one outlying terminal to Center City, stopping at 30th Street Station , Suburban Station and Jefferson , formerly Market East Station, then proceed out to the other outlying terminal assigned to
8910-465: Was created by the Pennsylvania legislature on August 17, 1963, to coordinate government funding to various transit and railroad companies in southeastern Pennsylvania. It commenced on February 18, 1964. On November 1, 1965, SEPTA absorbed two predecessor agencies: By 1966, the Reading Company and Pennsylvania Railroad commuter railroad lines were operated under contract to SEPTA. On February 1, 1968,
9009-557: Was expected to be completed in 2015. In October 2014, GE announced it was considering the sale of its Polish banking business Bank BPH . Later in 2014, General Electric announced plans to open its global operations center in Cincinnati , Ohio. The Global Operations Center opened in October 2016 as home to GE's multifunctional shared services organization. It supports the company's finance/accounting, human resources, information technology, supply chain, legal and commercial operations, and
9108-435: Was finalized on January 4, 2023. This was followed by the spin-off of GE's portfolio of energy businesses on April 2, 2024, into GE Vernova. Following these transactions, General Electric Company changed its trading name to GE Aerospace, pivoted to aviation, and ceased to exist as a conglomerate. During 1889, Thomas Edison (1847–1931) had business interests in many electricity-related companies, including Edison Lamp Company,
9207-604: Was fired from GE in 1958 by Ralph J. Cordiner for overstepping his bounds and successfully gaining the ERMA contract. Cordiner was strongly against GE entering the computer business because he did not see the potential in it. In 1962, GE started developing its GECOS (later renamed GCOS) operating system , originally for batch processing , but later extended to time-sharing and transaction processing . Versions of GCOS are still in use today. From 1964 to 1969, GE and Bell Laboratories (which soon dropped out) joined with MIT to develop
9306-636: Was incorporated in New York on April 24, 1889. The new company acquired Sprague Electric Railway & Motor Company in the same year. The consolidation did not involve all of the companies established by Edison; notably, the Edison Illuminating Company , which would later become Consolidated Edison , was not part of the merger. In 1880, Gerald Waldo Hart formed the American Electric Company of New Britain, Connecticut , which merged
9405-452: Was incorporated in New York, with the Schenectady plant used as headquarters for many years thereafter. Around the same time, General Electric's Canadian counterpart, Canadian General Electric , was formed. In 1893, General Electric bought the business of Rudolf Eickemeyer in Yonkers, New York , along with all of its patents and designs. Eickemeyer's firm had developed transformers for use in
9504-565: Was involved in a wreck in 1974 and was sent to the GE apparatus shop in Cleveland to be rebuilt. It returned painted in a Bicentennial paint scheme with Conrail lettering and the number 1776. It was eventually renumbered 4151 in an NJ DOT paint scheme. The other U34CH units showed little change from their EL days and continued to operate on former EL lines out of Hoboken, New Jersey. They continued to wear their EL "Bluebird" paint scheme sans EL markings with their new numbers. In 1978 one final U34CH
9603-500: Was mostly attributable to the impact of government-implemented lock-downs in response to the COVID-19 pandemic that began in mid-March 2020. SEPTA's public services consist of three main networks: SEPTA Metro, bus operations, and regional rail. As of 2024 , SEPTA is in the process of rolling out SEPTA Metro, a unified brand for its urban rail transit services, including rapid transit , trolley , and interurban services. SEPTA has
9702-433: Was said to be the first broadcast to the public in the United States on GE's W2XAD : the pictures were picked up on 1.5 square inches (9.7 square centimeters) screens in the homes of four GE executives. The sound was broadcast on GE's WGY (AM) . Experimental television station W2XAD evolved into the station WRGB , which, along with WGY and WGFM (now WRVE ), was owned and operated by General Electric until 1983. In 1965,
9801-512: Was the first commuter locomotive built with shaft driven HEP –that is, a HEP alternator driven by the locomotive prime mover rather than by a separate diesel. To provide HEP at the proper AC frequency the FDL-16 prime mover ran at a constant 900 RPM, so traction horsepower was 3430 minus whatever was going into HEP. By contrast, when not providing HEP, the FDL-16 could produce 3600 traction horsepower at its usual 1050 RPM. To show their NJDOT ownership,
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