Case Study: General Electric Company And 3 M Worldwide

1622 words - 6 pages

AbstractThis paper will provide a high level overview of the General Electric (GE) and Minnesota Mining and Manufacturing (3M) companies, from a financial standpoint. A general overview and history of each company and their stock symbols, including the trends for the past year, will be discussed. The standard industrial codes (SIC) will be provided, as well as each business's respective ranking in the industry. This document will be utilized as the foundation research for further development and analysis of the two companies' financial health.Company Selection Paper - General Electric Company and 3M WorldwideA publicly traded company is one which has issued securities through an offering, and which is now traded on the open market (www.investorwords.com). When a company is publicly traded, it is under constant scrutiny by shareholders, analysts, and the general public.As a result of the Federal Sarbanes-Oxley Act of 2002, some states have imposed requirements on publicly traded corporations to disclose information about their officers, auditors, directors, and historical events. This information is now required along with other pertinent information, such as financial statements, that are currently required to be disclosed. This information is also made available on the internet, and could definitely assist in improving the market transparency of publicly traded corporations for present and future investors.The writers of this paper have utilized the internet, and other research material to provide the reader with an overview of two companies within the same industry--General Electric Company and 3M Worldwide--which are publicly traded. Amongst other things, this overview will include information on the companies' history, their industry, and rankings within the industry. Information on the companies' stocks, dividends, and products or services will also be highlighted.Historical OverviewGeneral Electric CompanyGeneral Electric (GE) is a diversified technology and services company, and among other things, is engaged in developing, manufacturing and marketing a wide variety of products for the generation, transmission, distribution, control and utilization of electricity. Throughout the years, GE, whose stock is traded on the stock market under ticker symbol GE, has developed or acquired new technologies and services that have considerably broadened the scope of its activities. GE, whose products include appliances, lighting products, aircraft engines and plastics, is a virtual powerhouse of electronics, technology and media.GE was established in 1878, over one hundred and twenty-five years ago by Thomas A. Edison, who established the Edison Electric Light Company. GE was incorporated on April 15, 1892, the same year a merger was formed between "Edison General Electric Company and Thomson-Houston Electric Company", to create what is presently known as General Electric Company (http://www.ge.com).GE is an example of a business that has kept up with...

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