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General Electric is cutting its stock dividend for only the second time since the Great Depression.The company announced Monday that it will cut the dividend from 24 cents to 12 cents per share.GE is one of America's most widely held stocks, and countless shareholders, including retirees, rely on the dividend payments. But the company is under enormous pressure to restore investor confidence. The stock has lost a third of its value this year.The company also cut its dividend in 2009, during the Great Recession. But dividend cuts are rare these days. Many companies are increasing them because the U.S. economy is healthy and the stock market is booming.GE plans an update for investors Monday morning and is expected to detail a strategy to stabilize the company by slashing costs and selling more businesses.It has already gotten rid of its real estate portfolio, its dishwasher and appliance business, and media properties NBC and Universal Studios. More recently, it unloaded its water business and a unit that makes electrical equipment for utilities.Even the light bulb division is up for sale as part of GE's mission to focus on being a modern industrial company that sells things like jet engines, power plants and MRI machines.GE confirmed on Friday that job cuts, some of which have begun, are part of a previously announced plan to cut costs by billion.  1386

HEALDSBURG, Calif. (AP) — If you're worried that wildfires might have created shortages of Northern California's 2019 cabernet sauvignon, or even just imparted it with an undesirable smoky flavor, you can relax. The wine is just fine. For now.Despite a late October blaze that raged through one of the world's best-known wine-growing regions. forcing evacuations in two mid-sized towns, wine production in Sonoma County escaped largely unscathed.Limerick Lane Wines, for instance, avoided serious damage despite flames that licked at two sides of its property in the Russian River Valley just south of Healdsburg. Limerick's grapes were already harvested, crushed and stored in tanks and barrels. The winery's sealed cellar prevented smoke damage to its inventory, said owner Jake Bilbro, although its tasting room now has an acrid smell."I have to thank the people who planted our vineyards and built our house 100 years ago," Bilbro said. "Our buildings are all surrounded by vineyards, and vineyards are excellent fire breaks."Overall, vintners estimate that the region lost only about five percent of its harvest to fire and smoke — not a perfect outcome, but better than in 2017, when wildfire struck with only about 90% of the harvest in. The remaining grapes weren't all lost, but that year's vintages were rumored to have a "smoky" taste, and winemakers were taking no chances this year.Many in Sonoma, a sprawling county larger than Rhode Island located about an hour north of San Francisco, say they're hoping that fires don't become the new normal. But with the smell of smoke lingers in the air and the charred hills serving as a reminder, they're also making plans in case they do.Fire season isn't over yet, of course, and the now largely contained Kincade fire did incinerate the historic Soda Rock Winery, although most vineyards sustained no damage and lost no production. But the region has suffered a precipitous drop in fall tourism, which could undermine the economic health of its wineries and hospitality industry alike.Bret Munselle lost about half of the young vines he had planted just two months before when a fire raged through the upper part of his ranch at Munselle Vineyards in Alexander Valley, between Healdsburg and Geyserville. The drainage below the plants was also damaged, and will probably cost 0,000 to repair, he said.It could have been much worse if mature vineyards were more appealing to fire. Water-rich vines and grapes planted in plowed rows don't offer them much fuel, he said."My family has lived on this property for 130 years," Munselle said. "We've never seen it burn from the tops of mountains to the valley floor."Climate change is making summers warmer and drying out more forest brush, creating greater fuel reservoirs for wildfire, said Noah Diffenbaugh, a professor of earth system science at Stanford. The late-autumn rains that typically end fire season have started later in recent years, he said, although it's not yet clear whether that's also climate-related.Oddly enough, those same effects can help protect the grape crop by accelerating ripening of the fruit and reducing the chance that unexpectedly early rains might damage it.Wine researchers have suggested vineyards might need to adjust harvest times, evaluate what they plant, even possibly move to cooler areas over time.Few grape growers are dramatically changing their practices yet. No one is talking about closing up shop or moving elsewhere. But winemakers are tinkering anyway — and everyone is buying backup generators.Clay Mauritson of Mauritson Wines said he and his family are experimenting with different pruning methods to increase shade on the plants, although they don't see any need to shift to new growing areas."We don't want to be too dramatic or reactionary," he said. "We are going to take baby steps to make sure we're prepared for what comes down."Tourism, which is usually booming amid the fall colors and mild temperatures, has taken a serious blow. Evacuations of nearby Healdsburg and Windsor, along with planned blackouts by the region's utility, PG&E — plus, the widespread misperception that the vineyards themselves burned — led to a rash of cancellations for hotel, restaurant and tasting-room reservations.Joe Bartolomei, owner of the upscale boutique hotel Farmhouse Inn in Forestville, said he would normally be sold out this time of year. But on Nov. 1, his inn had only two of 25 rooms filled. He's trying to get the message out that the county businesses are intact and open for visitors.But, he said, "it's going to be a slow, gradual education."Visitor numbers had just started recovering from a similar drop-off following the 2017 fires, said Sonoma County Tourism president Clauda Vecchio.So the tourism bureau now plans to promote wine country as a spring destination rather than fall, and is devoting the bulk of its 0,000 advertising budget to that end. That means convincing visitors to come celebrate "bud break," when green shoots make the vineyards colorful, rather than the harvest itself.But to boost tourism numbers to a level she'd like, Vecchio says she would really need roughly ten times the budget.The good news, Diffenbaugh said, is that people have a long history of figuring out how to thrive in all kinds of environments."Humans are really good at dealing with a variety of different conditions," he said. "What climate change is doing is changing which conditions occur where." 5480

Here are today's headlines in the political world, Sunday, March 11, 2018.President Trumps slams NY Times article-- President Donald Trump tweeted attacks Sunday aimed at the New York Times over reports the president is unhappy with his legal team.Trump denied the reports, calling the NY Times article "a false story.""The Failing New York Times purposely wrote a false story stating that I am unhappy with my legal team on the Russia case and am going to add another lawyer to help out. Wrong. I am very happy with my lawyers, John Dowd, Ty Cobb and Jay Sekulow," President Trump tweeted. "They are doing a great job and have shown conclusively that there was no collusion with Russia."Trump added "the only Collusion was that done by the DNC, the Democrats and Crooked Hillary. The writer of the story, Maggie Haberman, a Hillary flunky, knows nothing about me and is not given access."Haberman's article claims the president is looking to shake up his legal team and is in talks with Emmet T. Flood, a lawyer who represented Bill Clinton during his impeachment process.Trump stumps for House GOP candidate, touts 202 reelection campaign 1163

GERMANY — Bayer plans to slash thousands of jobs as part of a corporate overhaul following its acquisition of Monsanto.The chemicals and pharmaceuticals group said it would cut 12,000 jobs out of its global workforce of 118,000 by the end of 2021. A significant number of reductions will be made in its home market of Germany.More than 4,000 jobs will go at the company's crop sciences division, a consequence of Bayer's acquisition of US rival Monsanto earlier this year.Bayer (BAYRY) spent over billion buying Monsanto. To gain regulatory approval for the deal, Bayer agreed to sell assets including its seed business and some herbicide brands.The German company said in a statement on Thursday that it was considering whether to sell more assets, including the sunscreen business Coppertone and footwear brand Dr. Scholl's.It will get out of the business of animal health, and sell its 60% stake in Currenta, a company that provides services to chemical companies.Shares in Bayer have dropped by more than a third so far this year, in part because of concerns over the company's exposure to lawsuits involving Roundup, a weedkiller made by Monsanto.In August, San Francisco jurors awarded 9 million in damages to a former school groundskeeper who said his terminal cancer had been caused by the product.The damages were later reduced by a judge, but hundreds of other patients have made similar claims. Monsanto has said the product is safe when used as directed. 1481

From 2000 through 2018, 459 children have died from accidental furniture tip overs, which are preventable fatalities that can be stopped by anchoring furniture to a wall.In response, the US Consumer Product Safety Commission is launching a public service announcement campaign called "Even When You're Watching.” The campaign will show the dangers of leaving furniture unanchored. The campaign includes “terrifying” footage of tip overs caught on video.In addition to the number of fatalities, the CPSC estimates that every 43 minutes, a child is injured by furniture tipping over."Even when adults are in the same room with children, dangerous tip-overs can occur," said CPSC acting chairman Robert Adler. "Many parents and caregivers do not know about this hidden hazard, or believe that they can prevent a tip-over by watching their children, but these incidents still happen. We urge adults to Anchor It! and to tell their friends and family to do so, too, because these tragic tip-overs can happen in the blink of an eye."According to a CPSC survey, 80 percent are aware that furniture can tip over, but just 47 percent say they have their TV anchors, and 55 percent say they have anchored furniture in their home.The CSPC offers parents the following tips:To protect children from a tip-over incident, follow these safety tips in any home where children live or visit:Anchor TVs and furniture, such as bookcases and dressers, securely to the wall.Always place TVs on a sturdy, low base, and push the TV back as far as possible, particularly if anchoring is not possible.Avoid displaying or storing items, such as toys and remotes, in places where kids might be tempted to climb up to reach for them.Store heavier items on lower shelves, or in lower drawers.If purchasing a new TV, consider recycling older ones not currently in use. If moving the older TV to another room, be sure it is anchored to the wall properly.Keep TV and/or cable cords out of reach of children.Supervise children in rooms where these safety tips have not been undertaken.To view the public service announcement, click here. 2112