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Innovation

The Inventor: From GE’s Modern Washing Machine To KFC’s Industrial Fryers, Winston Shelton’s Career Included A Laundry List Of Innovations

Amy Kover
April 30, 2019

As a small boy in the 1920s, Winston Shelton spent much of his time fashioning whimsical contraptions, like an underwater exploration helmet, from junk collected at his father’s West Virginia gas station. When he wasn’t tinkering, the boy worked alongside his mother at the roadhouse diner she ran next door. Little did his parents realize they had created the perfect laboratory to mold their son’s career.

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appliances

Done Deal: GE Sells Its Appliances Business To Haier For $5.6 Billion

Tomas Kellner
June 06, 2016
GE parted ways with its century-old Appliances business today, selling the unit to Haier for $5.6 billion. The final price is $200 million higher than originally announced to account for working capital in the business.
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GE Boosts Focus on Growing Industrial Core with Appliances Sale

September 08, 2014

GE will sell its Appliances business to Sweden’s Electrolux in a strategic move that boosts the focus on the company’s core industrial units. The $3.3 billion, all-cash deal follows GE’s recent bid to acquire the power and grid businesses of the French industrial giant Alstom.

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Industrial Businesses Will Energize GE Brand’s Future Growth

September 08, 2014
In 2013, the global consulting firm Interbrand ranked GE as the sixth most recognized brand in the world and valued it at almost $47 billion, up nearly 10 percent over three years. The firm recognized GE for investing $1.5 billion in the Industrial Internet . “Building capabilities in predictive software products, Big Data and analytics, and advanced manufacturing, the GE brand is stretching into new territories,” Interbrand wrote.
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Living Small: The Micro Kitchen from the Microfactory Could Go Big

July 24, 2014

Whether by choice or necessity, many Americans are moving to cities and living small in neighborhoods like downtown L.A. or Brooklyn’s Greenpoint. Home appliance designers are working hard to make sure modernity can move in with them.

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Makers Mark Movement Milestone at the White House

June 18, 2014

Few of us think of how a refrigerator works when we reach inside for a can of cold soda. When we do, our memory might bring up compressors pumping chemical coolants. But Venkat Venkatakrishnan and his team are thinking about magnets. Their new magnetic cooling technology could soon upend the very foundation of modern refrigeration.

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That’s Cool: GE and Quirky Release the First Ever Smart AC on Amazon

March 18, 2014

When Garthen Leslie worked at the Department of Energy, his job was to conserve resources. But at home, his air conditioner was wasting them. “I was tired of choosing between wasting energy or suffering through the stuffy summer heat.” His summertime dilemma got him thinking about developing a smart AC that he could control from his office.

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Cooking Up a Business: Local Motors Made the World's 1st Open-Source Car. It's Now Bringing Co-creation to GE

March 12, 2014

Jay Rogers, a former marine with an MBA from Harvard, and his friend Jeff Jones were still in business school when they hit upon an idea that could one day remake American manufacturing. In 2008, they started an online car company where people could collaborate on design and build their vehicles in a network of local “microfactories.” They called it Local Motors.

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