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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

Heather Locklear was taken to jail after deputies responded to her home Sunday night on a report of domestic violence, and she allegedly attacked a responding police officer.TMZ reports Locklear?became combative toward the officer at her home in Thousand Oaks, California. She was arrested on three counts of misdemeanor battery for the attack.Locklear, known for her roles in "Franklin and Bash," "Melrose Place" and several other TV shows and films, is 56 years old.In years past, she has been arrested on DUI charges. She's had struggles with drug abuse, TMZ says.It is not clear who was in her home when the domestic violence call was made to police. Locklear was expected to post bail, TMZ says.In September 2017, Locklear was hospitalized after being in a crash in Thousand Oaks. 818

HONOLULU (AP) — As parents help their children navigate remote classes during the coronavirus pandemic, they’re more aware of what's being taught. And they've complained that racist, sexist and other concerning content has appeared in an online learning program called Acellus that's used nationwide. Some districts are reconsidering or getting rid of it. In Hawaii, parents have called out lessons saying Europeans “discovered” the islands and Grumpy from Snow White and the Seven Dwarves is a “woman hater.” The founder of Acellus calls the controversy an “organized attack." Experts say the scramble to keep classes running during the pandemic means vetting online curriculum may not have been as thorough as it should have been. 740

Hot weather can increase the risk of natural disasters like droughts and wildfires, now, there is evidence extreme heat can increase harmful chemicals in the air.A study published recently in Science Advances looked at asphalt under different temperature conditions.“A main finding is that asphalt-related products emit substantial and diverse mixtures of organic compounds into the air, with a strong dependence on temperature and other environmental conditions,” says Peeyush Khare, a Yale chemical and environmental engineer and the lead author of the study, in a statement.The researchers took real-world samples of fresh road asphalt and put them in a controlled furnace with purified air. They heated the samples to temperatures between 104 and 392 degrees Fahrenheit, and measured the chemical components in the air.Total emissions nearly doubled when temperatures went from 104 to 140 degrees. At 104 degrees, 94 percent of the emissions measured were hydrocarbons.The group also exposed the asphalt samples to replicated solar heat, including UVA and UVB wavelengths, and found the rate of emission of potentially harmful chemicals increased. Showing that not only heat, but also solar radiation contributed to asphalt producing air pollution.Paved surfaces and roofs make up approximately 45% and 20% of surfaces in U.S. cities, respectively.Asphalt can be quite a bit hotter than the air around it, getting about 40 to 60 degrees warmer than the recorded air temperature.The researchers concluded that while policies and regulations have been put in place about car emissions and other forms of air pollution, asphalt should not be overlooked as a contributor.“It's another important non-combustion source of emissions that contributes to SOA (secondary organic aerosol) production, among a class of sources that scientists in the field are actively working to constrain better,” Drew Gentner, associate professor of chemical & environmental engineering, said. 1983

GNC, the retail chain that specializes in vitamin and dietary supplements, has filed for bankruptcy and says it will close up to 1,200 stores.The 85-year-old company is more than billion in debt and was already facing declining sales at brick-and-mortar locations prior to the pandemic. GNC said re-financing plans were in the works earlier this year, but COVID-19 prevented the company from carrying them out.The company says it expects to emerge from bankruptcy in the fall."The Chapter 11 process will allow us to accelerate these strategies and invest in the appropriate areas to evolve in the future, while improving our capital structure and balance sheet," GNC said in a letter to shoppers.According to CNN, GNC reported losses of 0 million in the first quarter after 30 percent of its stores in the U.S. and Canada were forced to close. The company lost million in that same time span in 2019. 919