PLEASE REFRESH PAGE
To view updates


Jpmorgan Chase & Co reports 38.44% increase in ownership of GE / General Electric Co.

August 11, 2020 - Jpmorgan Chase & Co has filed a 13F-HR form disclosing ownership of 9,855,734 shares of General Electric Co. (US:GE) with total holdings valued at $67,315,000 USD as of June 30, 2020. Jpmorgan Chase & Co had filed a previous 13F-HR on May 12, 2020 disclosing 7,119,128 shares of General Electric Co. at a value of $56,525,000 USD. This represents a change in shares of 38.44 percent and a change in value of 19.09 percent during the quarter.

Jpmorgan Chase & Co has a history of taking positions in derivatives of the underlying security (GE) in the form of stock options. The firm currently holds 1,648,400 call options valued at $11,259,000 USD and 2,835,100 put options valued at $19,364,000 USD .

Other investors with positions similar to Jpmorgan Chase & Co include Manufacturers Life Insurance Company, The, D. E. Shaw & Co., Inc., Royal Bank Of Canada, American Century Companies Inc, National Pension Service, and Allianz Asset Management AG.


Jpmorgan Chase & Co reports 38.44% increase in ownership of GE / General Electric Co.
13F Filings

The Security, Class, and ID columns in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names and CUSIPs. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.
1968 World Book Encyclopedia [G], page 83:



General Electric Company (GE), incorporated on April 15, 1892, is a diversified technology and financial services company.

The products and services of the Company range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products.

 It serves customers in more than 100 countries. Effective January 28, 2011, it held a 49% interest in a media company that includes the NBC Universal businesses.

Its segments include Energy Infrastructure, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital.

Effective January 1, 2011, it reorganized the Technology Infrastructure segment into three segments: Aviation, Healthcare and Transportation.

On January 28, 2011, the Company transferred the assets of its NBC Universal (NBCU) business and Comcast Corporation (Comcast) transferred certain of its assets to a NBCUniversal LLC (NBCU LLC).

On February 1, 2011, it acquired Dresser, Inc.

On February 4, 2011, the Company acquired Wellstream PLC.

On March 2, 2011, GE acquired Lineage Power Holdings, Inc.

On April 26, 2011, the Company acquired the Well Support division of John Wood Group PLC.

 In August 2011, the Company acquired Commtest.

On September 2, 2011, it acquired Converteam.

During the year ended December 31, 2011, the Company completed the sale of its CLL marine container leasing business.

On February 22, 2012, the Company merged its wholly owned subsidiary, General Electric Capital Services, Inc. (GECS), with and into GECS’ wholly owned subsidiary, General Electric Capital Corporation (GECC).

In April 2012, GE Healthcare acquired SeqWright, Inc.

 In May 2012, GE Healthcare, the healthcare business of GE, acquired Xcellerex, Inc., a supplier of manufacturing technologies for the biopharmaceutical industry.

In June 2012, GE Healthcare acquired XPRO, a Brazilian Interventional X-ray equipment manufacturer company.

In August 2012, it acquired PRESENS. In December 2012, the Company acquired 19% interest in Morpho Detection Inc.

 In February 2013, it announced the sale of its remaining 49% interest in its joint venture with Comcast, which includes NBCUniversal (NBCU), as well as the NBCU floors in 30 Rockefeller Center.

 In June 2013, GE Oil & Gas of Italy, a unit of GE's GE Infrastructure Inc subsidiary, acquired Salof Cos.

In June 2013, American Realty Capital Trust IV Inc announced that it has closed on the acquisition of 377 primarily net lease retail properties as part of its previously announced portfolio acquisition from certain affiliates of General Electric Co's GE Capital.

 In July 2013, General Electric Co's GE Oil & Gas completed its acquisition of Lufkin Industries, Inc.

 In August 2013, General Electric Company completed the acquisition of the aviation business of Ario S.p.A.

 In December 2013, CLARCOR Inc. completed the acquisition of Air Filtration business of General Electric Company’s Power & Water division.
 Effective December 31, 2013, CareFusion Corp acquired Vital Signs Inc from GE Healthcare, a unit of General Electric Co.

 In February 2014, General Electric Co's GE Oil & Gas launched its new Downstream Technology Solutions business to supply equipment and services to the $10 bln refining, petrochemical, industrial and distributed gas segments.

 In February 2014, General Electric Company completed the acquisition of API Healthcare.

In March 2014, General Electric Company acquired Thermo Fisher's HyClone cell culture media and sera, and gene modulation and magnetic beads businesses.

Energy Infrastructure

Energy Infrastructure is engaged in the development, implementation and improvement of products and technologies that harness resources, such as wind, oil, gas and water. The Company’s operations are located in North America, Europe, Asia, South America and Africa. Energy serves power generation, industrial, government and other customers worldwide with products and services related to energy production, distribution and management. It offers wind turbines as part of its renewable energy portfolio, which also includes solar technology. It also sells aircraft engine derivatives for use as industrial power sources. It sells gas turbines and generators that are used principally in power plants for generation of electricity and for industrial cogeneration and mechanical drive applications. This segment is a provider of Integrated Gasification Combined Cycle (IGCC) technology design and development. IGCC systems convert coal and other hydrocarbons into synthetic gas that, after cleanup, is used as the primary fuel for gas turbines in combined-cycle systems.

GE sells steam turbines and generators to the electric utility industry and to private industrial customers for cogeneration applications. Nuclear reactors, fuel and support services for both new and installed boiling water reactors are offered through joint ventures with Hitachi and Toshiba. In addition, the Company designs and manufactures motors and control systems used in industrial applications primarily for oil and gas extraction and mining. The Company provides its customers with total solutions to meet their needs through a complete portfolio of aftermarket services, including equipment upgrades, long-term maintenance service agreements, repairs, equipment installation, monitoring and diagnostics, asset management and performance optimization tools, remote performance testing and Dry Low NOx (DLN) tuning. Energy also offers water treatment solutions for industrial and municipal water systems, including the supply and related services of specialty chemicals, water purification systems, pumps, valves, filters and fluid handling equipment for improving the performance of water, wastewater and process
systems, including mobile treatment systems and desalination processes.

Oil & Gas supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas (LNG) and pipeline compression, pipeline inspection, and including downstream processing in refineries and petrochemical plants. The business designs and manufactures surface and subsea drilling and production systems, equipment for floating production platforms, compressors, turbines, turboexpanders, high pressure reactors, industrial power generation and a portfolio of auxiliary equipment. The Company has over 40 service centers and workshops in oil and gas extraction and production regions. It also provides upgrades to customers’ machines.

Aviation

Aviation is a provider of jet engines and related services with operations in North America, Europe, Asia and South America. Aviation produces, sells and services jet engines, turboprop and turbo shaft engines, and related replacement parts for use in military and commercial aircraft. Its military engines are used in a range of aircraft, including fighters, bombers, tankers, helicopters and surveillance aircraft, as well as marine applications, and its commercial engines power aircraft in all categories of range: short/medium, intermediate and long-range, as well as executive and regional aircraft. The Company also produces and markets engines through CFM International.

Aviation also produces global aerospace systems and equipment, including airborne platform computing systems, power generation and distribution products, mechanical actuation products and landing gear, plus various engine components for use in both military and commercial aircraft. GE provides maintenance, component repair and overhaul services (MRO), including sales of replacement parts for many models of engines and repair and overhaul of engines manufactured. These MRO services are often provided under long-term maintenance contracts.

Healthcare

Healthcare is a provider of healthcare technologies to developed, developing and emerging countries. Its operations are located in North America, Europe, Asia and South America. Healthcare provides medical imaging and information technologies, medical diagnostics, patient monitoring systems, disease research, drug discovery and biopharmaceutical manufacturing technologies. With diagnostic imaging systems, such as magnetic resonance (MR), computed tomography (CT) and positron emission tomography (PET) scanners, X-ray, nuclear imaging, digital mammography, and Molecular Imaging technologies, Healthcare creates products that allow clinicians to see inside the human body. Medical diagnostics and life sciences products include diagnostic imaging agents used in medical scanning procedures, drug discovery, biopharmaceutical manufacturing and purification, and tools for protein and cellular analysis for pharmaceutical and academic research, including existing and a pipeline of precision molecular diagnostics in development for neurology, cardiology and oncology applications.

The Company’s product services include remote diagnostic and repair services for medical equipment manufactured by GE and by others, as well as computerized data management, information technologies and customer productivity services. Products and services are sold worldwide primarily to hospitals, medical facilities, pharmaceutical and biotechnology companies, and to the life science research market.

Transportation

Transportation provides technology solutions for customers in a range of industries, including railroad, transit, mining, oil and gas, power generation and marine. It serves customers in more than 100 countries in North America, Europe, Asia, South America and Africa. Transportation manufactures high-horsepower diesel-electric locomotives, including the Evolution Series. It also offers drive technology solutions to the mining, transit, marine and stationary, and drilling industries. Its motors operate in a range of applications, from electrical drive systems for large haulage trucks used in the mining industry to transit cars and drilling rigs, and its engines are used for marine power, as well as stationary power generation applications.

Home & Business Solutions

Home & Business Solutions’ products, such as appliances and a subset of lighting products are primarily directed to consumer applications, while other lighting products and automation solutions are directed towards commercial and industrial applications. Appliances and Lighting sells and services home appliances, including refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air
conditioners, residential water systems for filtration, softening and heating, and hybrid water heaters. Brands are GE Monogram, GE Profile, GE, Hotpoint and GE Cafe. It manufactures certain products and also sources finished product and component parts from third-party global manufacturers. It offers original equipment manufacturer (OEM) service organizations, providing in-home repair and aftermarket parts. It also manufactures, sources and sells a variety of lamp products for commercial, industrial and consumer markets, including lines of incandescent, halogen, fluorescent, high-intensity discharge, light-emitting diode, automotive and miniature products. Intelligent Platforms provides plant automation, hardware, software and embedded computing systems, including advanced software, controllers, embedded systems, motion control, and operator interfaces. It has operations located in North America, Europe, Asia and Latin America.

GE Capital

GE Capital businesses offer a range of financial services and products worldwide for businesses of all sizes. Services include commercial loans and leases, fleet management, financial programs, home loans, credit cards, personal loans and other financial services. GE Capital also develops strategic partnerships and joint ventures. During 2011, GE Capital provided new financings in the United States to various companies, infrastructure projects and municipalities. Its operations are located in North America, South America, Europe, Australia and Asia.

CLL provides customers worldwide with a range of financing solutions. It offers collateralized loans, leases and other financial services to customers, including manufacturers, distributors and end users for a variety of equipment and capital assets. These assets include industrial-related facilities and equipment; vehicles; corporate aircraft, and equipment used in many industries, including the construction, manufacturing, transportation, media, communications, entertainment and healthcare industries.

Consumer, through consolidated entities and associated companies, is a provider of financial services to consumers and retailers. It offers a range of financial products to suit customers’ needs, including private-label credit cards, personal loans, bank cards, auto loans and leases, mortgages, debt consolidation, home equity loans, deposit and other savings products, and small and medium enterprise lending.

Real estate offers a range of capital and investment solutions, including equity capital for acquisition or development, as well as fixed and floating rate mortgages for new acquisitions or re-capitalizations of commercial real estate worldwide. Its business finances, with both equity and loan structures, the acquisition, refinancing and renovation of office buildings, apartment buildings, retail facilities, hotels, parking facilities and industrial properties. The Company’s real estate loans are intermediate term, senior, fixed or floating-rate, and are secured by existing income-producing commercial properties. The Company invests in, and provides restructuring financing for, portfolios of commercial mortgage loans, limited partnerships and tax-exempt bonds.

Energy Financial Services offers equity, debt, leasing, partnership financing, project finance and broad-based commercial finance to the global energy and water industries. GE Commercial Aviation Services (GECAS) is engaged in commercial aircraft leasing and finance, delivering fleet and financing solutions to companies across the aviation industry. Its product offerings include leases and secured loans on commercial passenger aircraft, freighters and regional jets; engine leasing and financing solutions; aircraft parts solutions, and airport equity and debt financing. The Company also co-sponsors an infrastructure private equity fund, which invests in large infrastructure projects, including gateway airports.

» Full Overview of GE.N http://www.reuters.com/finance/stocks/companyProfile?symbol=GE.N
 GE bought Kidder, Peabody, then a 121-year-old stately investment house, for $600 million in 1986.
1995 — Kidder was founded in Boston on April 1, 1865, by Henry Kidder, Francis Peabody and Oliver Peabody. When the firm first opened, it advertised " ...
Kidder PeabodyKidder Peabody Name To Vanish -- Venerable Presence Fades After 129 Years

Jan 18, 1995
Anita Raghavan
The Wall Street Journal

NEW YORK - Another one bites the dust.

Kidder, Peabody & Co., one of Wall Street's longest-running names, will disappear when the investment bank is dismantled later this month.

PaineWebber Group Inc. agreed to acquire most of Kidder's assets in October but wanted to mull over whether it wanted to acquire the Kidder name.

Now, after a six-week "global study" of its retail, banking and institutional clients, PaineWebber has decided that it's time to make the Kidder Peabody name a Wall Street footnote.

"Our research, as well as other considerations, is showing us that PaineWebber is the name to go forward with," said Jerry Johnston, manager of corporate communications. "Now that we are a bigger force internationally, we want to behave as one company, with one voice and one name."

The demise of Kidder will mean the end of a name that has been kicking around Wall Street for nearly 130 years.

Kidder was founded in Boston on April 1, 1865, by Henry Kidder, Francis Peabody and Oliver Peabody. When the firm first opened, it advertised "banking, brokerage and exchange business."

Unlike other Wall Street names, which have gone through various incarnations, the Kidder Peabody name has remained intact throughout the firm's history.

Kidder, long known for its investment-banking prowess, was acquired by General Electric Co. in 1986 and stumbled in a 1980s insider-trading scandal. In the 1990s, Kidder rebuilt itself into a Wall Street juggernaut in mortgage-backed bonds. But last year's sharp rise in interest rates, coupled with a bond-trading scandal, crippled the firm.

Although the Kidder name had cachet in the late 1970s and early '80s, analysts say today it has little, if any, luster.

"Fifteen or 20 years ago, the Kidder name would have made a difference," said Perrin Long, an independent securities-industry analyst. "Kidder was strong in utility underwriting, it had a crackerjack research department, it had high-net-worth retail clients and a very strong investment-banking franchise."

But, by the end of last year, Kidder wasn't a powerful presence in much of anything. Although the firm still laid claim to the No. 1 spot for mortgage-backed underwriting, largely because of a busy first quarter, it finished the year as the seventh-ranked underwriter of stocks and bonds.

Still, to some, the Kidder name isn't completely worthless.

As Kidder has been unwinding its operations in recent weeks, some employees have been quietly walking away with the Kidder Peabody signs that used to adorn each floor of the investment bank.

"It could be a collector's item one day," said one trader who said he planned to pocket a sign.

Kidder is the second Wall Street name to be shelved in less than a year. Last May, Travelers Group, parent of brokerage giant Smith Barney Inc., scrapped the Shearson name after Smith Barney and Shearson's brokerage operations merged. https://archive.seattletimes.com/archive/?date=19950118&slug=2100115 

Timeline: Westinghouse Electric Co.
Email Share Share Tweet
Print Order Reprints
George Westinghouse founded Westinghouse Air Brake Co., Westinghouse Electric Co., and 59 other companies.
Enlarge
George Westinghouse founded Westinghouse Air Brake Co., Westinghouse Electric Co., and 59 other companies.
IN THIS ARTICLE
nuclear
Topic
George Westinghouse
Person

Mar 29, 2017 Updated Mar 29, 2017, 4:45pm EDT
Westinghouse Electric Co.'s history in the Pittsburgh region dates back to the 1880s. Here's a glance at its past:

1886

Westinghouse Electric Co. is founded in Pittsburgh by inventor George Westinghouse. The company also creates the first alternating-current transformer, a key advance in the history of electricity. It has about 200 workers.

1889

Westinghouse technology electrifies Great Barrington, Mass.

1895

Westinghouse starts work on a major plant in East Pittsburgh.

1904

More than 9,000 employees work at Westinghouse Electric & Manufacturing Co.’s biggest plant; an additional 3,000 work elsewhere.

1906

Westinghouse’s research and development division is started.

1914

George Westinghouse dies at 67.

1920

The first commercial radio station, KDKA, goes on the air. It’s owned by Westinghouse, which will go on to have a major presence in the radio and TV industries. It will take ownership of station WBZ in Boston the following year.

1922

The company starts Westinghouse Electric Supply Co., a distributor of electrical parts.

1928

The first TV camera tube is developed by the company, which also that year starts an elevator manufacturing business.

1957

Westinghouse designs the first commercial nuclear power plant, the Beaver County Nuclear Station, which remains in operation today.
Thomas Co. marketing Cranberry campus by touting the strength of Westinghouse's business

1980

Employment by the company in the Pittsburgh region increases to 28,000.

1980s

Company sells several operating units.

1990

Westinghouse Air Brake, which was formed by George Westinghouse in 1869, is acquired by its management team and becomes Wabco and later, after going public, Wabtec Corp. (NYSE: WAB). Local employment drops to 18,000 as the company records a billion-dollar loss.

1994

Westinghouse Electric Supply Co., the electrical parts distributor owned by Westinghouse, is purchased by management and becomes Wesco International (NYSE: WCC), which exists today as a separate publicly traded company.
The company's Cleveland-based electrical operations are sold to Eaton Corp.; Westinghouse acquires Norden Corp., a manufacturer of radar.

1995

Westinghouse Electric becomes CBS Corp. after merging with the fabled TV company. It stops being traded as a public company after 111 years with the ticker symbol WX.

1996

More industrial businesses are sold off by the combined Westinghouse.

1997

Westinghouse buys Infinity Broadcasting Corp. for $4.9 billion, changes its name to CBS and moves its headquarters from Pittsburgh to New York City.

1998

Sells off its nuclear business.

1999

Viacom acquires CBS Corp.

2006

Japanese electronics manufacturer Toshiba Corp. acquires Westinghouse for $5.4 billion.

2007

Westinghouse, which has headquarters in Monroeville, announces it has picked Cranberry as its new home base.

2009

Westinghouse adds more space to its Cranberry headquarters complex.

2010

Shigenori Shiga named chairman of Westinghouse Electric, replacing Steve Tritch.

2012

Westinghouse CEO Jim Ferland resigns two days after officially taking over for the retiring Aris Candris to become CEO at competitor Babcock & Wilcox Co.
Danny Roderick is named president and CEO of Westinghouse Electric, replacing CEO Shigenori Shiga, who had the interim title.
Westinghouse and Georgia Power file lawsuits against each other over power plants under construction in Georgia.

2013

Toshiba Corp. buys Shaw Group's 20 percent stake in Westinghouse.
Westinghouse lays off 665 employees worldwide.
Duke Energy cancels construction of nuclear power units in Florida using Westinghouse’s AP1000 design.
PPG Industries takes over office space in Cranberry that had been occupied by Westinghouse.
Toshiba reportedly considers selling part of its stake in Westinghouse.

2014

Duke Energy files a lawsuit against Westinghouse over the cancellation of nuclear power plant projects in Florida.
China is accused of stealing trade secrets from several Pittsburgh-area companies, including Westinghouse.

2015

Westinghouse agrees to buy CB&I Stone & Webster, the nuclear business of CB&I.

2016

Westinghouse completes transaction to acquire CB&I Stone & Webster construction business.
Toshiba announces a $2.3 billion write-down on the value of Westinghouse.
Westinghouse’s AP1000 project in China is reported to be ahead of schedule.
Westinghouse names José Emeterio Gutiérrez interim president and CEO, replacing Danny Roderick, who has become president and CEO of Toshiba’s Energy Systems and Solutions Co.
Westinghouse is sued over nuclear deal with CB&I Stone & Webster.
Westinghouse Electric announces it will buy Nuclear Logistics from AZZ Inc.; in January, it announces that it won’t buy it after all and instead will partner with AZZ.

2017
Westinghouse announces it won’t be buying Nuclear Logistics.
Toshiba Chairman Shigenori Shiga resigns.
Japanese officials urge Toshiba to consider bankruptcy for Westinghouse. Toshiba is reportedly considering selling off Westinghouse as the reported loss grows to more than $6 billion.

Westinghouse files for Chapter 11 bankruptcy after running up about $9 billion in liabilities for Toshiba.


https://www.bizjournals.com/pittsburgh/news/2017/03/29/timeline-westinghouse-electric-co.html

 

More links:

General Electric Company 2002

General Electric Company 2013

Kidder Faces Life After Siegel

Albert Gordon

Edwin Sibley Webster Jr.

USB