General Electric Company, started by Thomas Edison, plans to close its last U.S. factory that makes common incandescent light bulbs, reports Bloomberg.com. “The market for incandescent light bulbs has declined by 50 percent in the past five years,” states GE spokeswoman Deborah Wexler. “Consumers have moved towards energy efficient light bulbs, and with governments around the world setting lighting efficiency standards, these will be legislated out of existence.” Read the full story here.