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Nela Park is still the headquarters for GE's lighting business. Young, through GE, founded the Radio Corporation of America (RCA) in 1919 after purchasing the Marconi Wireless Telegraph Company of America, to further international radio communications. In 1926, RCA co-founded the National Broadcasting Company (NBC), which built two radio broadcasting networks.
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 getting its services in customer service, finance, information technology and analytics.
In 1986, GE reacquired RCA, primarily for the NBC television network (also parent of Telemundo Communications Group).
The remainder was sold to various companies, including Bertelsmann (Bertelsmann acquired RCA Records) and Thomson SA which traces its roots to Thomson-Houston, one of the original components of GE.
The project took longer than expected and was not a major commercial success, but it demonstrated concepts such as single level store, dynamic linking, hierarchical file system, and ring-oriented security.
Active development of Multics continued until 1985.In 1896, General Electric was one of the original 12 companies listed on the newly formed Dow Jones Industrial Average.After 121 years, it is the only one of the original companies still listed on the Dow index, although it has not been on the index continuously.A Datanet 500 computer was designed, but never sold.In 1962, GE started developing its GECOS (later renamed GCOS) operating system, originally for batch processing, but later extended to timesharing and transaction processing. From 1964 to 1969, GE and Bell Laboratories (which soon dropped out) joined with MIT to develop the Multics operating system on the GE 645 mainframe computer.In 1880, Gerald Waldo Hart formed the American Electric Company of New Britain, Connecticut, which merged, 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 of Kansas City, Missouri.