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General Electric is under such financial stress that new CEO Larry Culp is slashing the troubled conglomerate's 119-year-old dividend to just a penny a share.GE revealed on Tuesday worse-than-expected results and a billion accounting writedown for its beleaguered power division. Culp plans to split up the power division to accelerate a turnaround.The company also announced that the SEC and Justice Department are investigating the charge, which reflects the deterioration of businesses GE has acquired. The news adds to GE's mounting legal problems and helped send the stock to a nine-year low in volatile trading.In a bid to fix GE's debt-riddled balance sheet, Culp announced the company will cut its quarterly dividend from 12 cents a share starting in 2019. By paying just a token dividend, GE (GE) will save about .9 billion of cash per year.Analysts had been anticipating a potential dividend cut, though not one of this magnitude.It's an especially painful move for a company that long viewed its stable dividend as a source of pride. But years of bad decisions forced GE to halve its dividend last November for just the second time since the Great Depression. The dividend cuts deal a blow to the many GE retirees and mom-and-pop shareholders who long relied on the cherished payouts."We are on the right path to create a more focused portfolio and strengthen our balance sheet," Culp said in a statement.Culp, who was suddenly named CEO on October 1, acknowledged during a conference call "this is not a quarter that we're particularly proud of." 1572

Home prices hit a new all-time high this month. New numbers out today from Realtor.com show the national median listing price is at 9,000, a ,000 increase over last year.But there aren't a lot of homes available.The number for sale across the country is down 33 percent compared to a year ago.Pittsburgh and Los Angeles saw the biggest jump in housing, with respectively a 25% and 24.3% jump in median listing price from this time a year ago.The average listing is on the market for 60 days, marking no change from this time a year ago. 550

Health officials agree coronavirus cases are going to increase this winter as Americans head indoors to stay warm and closed windows will lead to less ventilation.But what about the dry air inside and outside this time of year, could a humidifier help slow the spread of coronavirus? That is still being debated.A study released this month seems to suggest increasing humidity plays a role in decreasing cases of coronavirus. The study, which has not been peer-reviewed yet, was shared on medRxiv.This study was based on the premise that previous studies have shown that falling humidity is tied to increased transmission rates of other respiratory diseases, like the flu. Researchers looked at more than 3,000 counties around the country and their humidity levels between March and September 2020.The team says they found increasing humidity levels had a negative impact on new cases of COVID-19 in most regions. In two of the regions that showed the highest effect, a 1 g/m3 increase in absolute humidity resulted in a 0.21 and 0.15 decrease in COVID-19 cases.However, there are also studies that show the humidity level had little to no effect on the spread of COVID-19.A study released in early November found the weather had “virtually no impact” on the spread. Instead, they said human behavior changes during weather fluctuations, outside during warmer weather and heading indoor during cold weather, had a large impact.What health and science experts seem to agree on is that the air does get drier in the winter from both the cold air outside and heated air inside. And that without proper ventilation, any coronavirus droplets in a space could linger longer and become more concentrated.This dry air can also cause nasal passages to dry out, which means noses could have less protective mucus. Some doctors have said whether or not the science completely proves humid air can help slow the spread of coronavirus, having more humidity in the air can make this winter more comfortable and noses more able to protect against all virus. 2051

Hate crimes across the U.S. have risen to the highest level in more than a decade. And federal officials have recorded the highest number of hate-motivated killings since the FBI began collecting that data in the early 1990s. An FBI report released Monday shows there were 51 hate crime murders in 2019. That includes 22 people who were killed in a shooting that targeted Mexicans at a Walmart in the border city of El Paso, Texas, in August 2019. There were 7,314 hate crimes last year, up from 7,120 the year before. Advocates want the federal government to mandate police agencies report hate crimes to the FBI. The current system is voluntary. 655

HOOD RIVER, Ore. -- A teenager who started the massive Eagle Creek Fire in Oregon has been ordered to pay more than in restitution, according to KOMO.The judge made the decision Monday. The teen’s attorney argued that the massive restitution would violate Oregon and U.S. constitutions because it would inflict “cruel and unusual punishment.”The Eagle Creek Fire started in September of 2017 and destroyed more than 48,000 acres of forest land in the Columbia River Gorge.The teen was 15 at the time of the fire. According to authorities, the teen was tossing fireworks into brush while hiking on the Eagle Creek Trail. One of the fireworks ignited the fire. 670