Utilize the input text as a context reference, choose the right relationship between General Electric and conglomerate from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.
Text: The logo of U.S. conglomerate General Electric is pictured at the company's site in Belfort, June 23, … (Reuters) - General Electric Co (GE.N) on Friday posted higher-than-expected quarterly profit, as its businesses producing jet engines and power turbines offset declines in its oil and gas segment.
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