Word: ge
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...Divests RCA because of antitrust considerations. Creates the GE Credit Corp. to help sell appliances during the Depression...
...government indicts GE and 28 other companies for price fixing and fines and penalizes the company heavily. Three GE executives sentenced to jail...
...John E Welch Jr. becomes CEO and begins to decentralize management. GE will buy nearly 350 businesses and sell more than...
...GE is expected to have revenues of $101.4 billion, and net income of $9.3 billion. Its divisions: aircraft engines, appliances, industrial, information services, lighting, medical, power, plastics, transportation, capital services...
AUTOMATIC WASHING MACHINE Among those credited with making electric washing machines around 1910 was Alva J. Fisher. The machines used wringers to remove water from clothes. Truly automatic machines appeared in the 1930s. An early ad for a GE washer read, "If every father did the family washing next Monday, there would be an electric washing machine in every home by Saturday night...