What is the relationship between General Electric and conglomerate in the context of the input sentence. Choose an answer from: 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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