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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

GameStop announced this week that an additional 400 to 450 locations would close across the country by the end of 2020.While more video games are available for digital downloads, the next generation PS5 and Xbox will contain disc drives. The company was concerned that the next generation models would be digital only.Already in the last year, GameStop has closed 388 locations, shrinking its current retail footprint to 5,192 locations.“This will allow us to more efficiently and profitably service our customers,” company CEO George Sherman said about the closures.While many retailers have been shrinking their footprints as customers change their buying habits, GameStop is also encountering a change in technology in recent years, which has allowed customers to purchase games online.But GameStop says that there are some customers who prefer a physical disc, and that large video game downloads can use up internet data.“We believe the actions we are taking to optimize the core operations of our business by increasing efficiencies and creating a frictionless digital ecosystem to serve our customers, wherever and whenever they choose to shop, are enabling us to navigate the COVID-19 environment while positioning us well for the launch of the next generation of consoles,” Sherman said.GameStop saw a 26.7% drop in Quarter 2 sales in 2020 compared to 2019. 1374

GRASS VALLEY, Calif. -- A California man has a lot to be thankful for after he reportedly fought off a black bear to save the life of his pit bull named Buddy, according to CBS News.The day before Thanksgiving, Buddy was outside playing near his home in Nevada County, California. Kaleb Bentham said something didn’t sound right.“I heard a growl, looked about 75-100 feet down, and the bear was dragging him by his head, had his head in his mouth,” Benham told CBS13.Benham saved Buddy from a shelter a few years ago, and didn’t hesitate to rescue him again.“I just ran down there, plowed into the bear, tackled it and grabbed it by the throat and started hitting it in the face and the eye until it let go,” Benham said.Benham then describes the frantic search for a veterinary hospital that was open during the pandemic. The closest option was closed. 861

Genetic testing company 23andMe has been given federal approval to sell at-home kits that test for three breast cancer gene mutations.This will be the first direct-to-consumer DNA test for these particular breast cancer gene mutations, the Food and Drug Administration said on Tuesday.A spokeswoman for 23andMe said the test for the three BRCA1/BRCA2 breast cancer gene mutations will be added "in the coming weeks" to the broader Health + Ancestry services, with no increase to the existing 9 cost.The test can only detect three out of more than 1,000 known BRCA mutations, according to the FDA. The BRCA1/BRCA2 hereditary mutations occur in about 2% of Ashkenazi Jewish women, but rarely occur in anyone else, the agency said in a press release."The test also does not provide information on a person's overall risk of developing any type of cancer," the FDA added.23sandMe already tests for genetic health risks for diseases like Parkinson's and Alzheimer's, along with wellness reports for things like lactose intolerance and saturated fat, and ancestral composition including Neanderthal ancestry.In 2013, the FDA ordered the company to stop sales of its home-testing kits, saying the Alphabet-backed company had failed to prove the validity of its product.Related: 23andMe gets funding for drug developmentAnne Wojcicki, who founded the company in 2006, called the FDA shutdown a "transformative moment" that prompted 23andMe to branch into drug development."Thank you to the FDA for hard work and progress on innovation," she tweeted on Tuesday.In 2015, 23andMe received approval from the FDA to test customers for whether they are carriers of certain disease-carrying genes that could be passed on to their children. In early 2017, the company received approval to issue genetic health risk reports.In September of last year, the company said it received 0 million in funding from Sequoia Capital to develop drugs based on user DNA.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 2050

GEORGIA — A tour bus carrying 18 passengers headed to watch golf at the Masters Tournament overturned Thursday morning, and the driver has been charged.The crash near Augusta happened just before 9 a.m. Eastern. The Georgia State Patrol said the driver has been charged with driving under the influence.The bus went off the right side of the road, GSP said in a release. The driver overcorrected and the vehicle overturned in a median on Interstate 20."Several of the passengers were transported to Doctors Hospital in Augusta with non-life threatening injuries," the report said.The driver of the bus was Steven F. Hoppenbrouwer, 61, of Gwinnett County, Georgia. He was charged with DUI and Failure to Maintain Lane.The bus is owned by Jet Executive Limousine, Inc. 789

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