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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

GEORGETOWN, Del. (AP) — An 8-foot tall whipping post was removed from a Delaware county courthouse square Wednesday after activists said the post was a reminder of racial discrimination.The post outside the Sussex County Courthouse in Georgetown was removed after an hour and a half of excavation and put in storage unit with other historical artifacts.The Delaware Division of Historical and Cultural Affairs said the post was used to bind and whip people publicly for committing crimes up until 1952. However, Black people were disproportionately punished, according to the historical group.The group said the post was a “cold deadpan display” that didn’t “adequately account for the traumatic legacy it represents." 726

GRAND JUNCTION, Colo. – A 5-year-old girl suffered serious injuries after she was attacked by a bear overnight in east Orchard Mesa.The girl had gone outside around 2:30 a.m. early Sunday to investigate noises she thought were being made by her dog, the girl’s mother told Colorado Parks and Wildlife officers.But the girl’s mother heard her daughter screaming and went outside to see a “large black bear” dragging her daughter, CPW officials said. The bear dropped the girl after her mother screamed at it. Their home is in the east Orchard Mesa area, above the Colorado River corridor, officials said.The girl was transported to St. Mary’s Medical Center in Grand Junction with serious injuries, CPW said. Radio traffic from first responders said she had been bitten on her back and near her head.Officers were tracking the bear, along with federal wildlife officials, on Sunday morning. CPW said area residents could expect to see law enforcement officials and hounds in the area, and ask anyone to report bear sightings to officials. 1045

GREELEY, Colo. – Chris Watts was told Tuesday at an advisement hearing in a Weld County courtroom that he faces nine felony counts, including first-degree murder and unlawful termination of a pregnancy, in connection with the deaths of his wife and two daughters in Frederick last week.Watts, 33, faces three counts of first-degree murder after deliberation, two counts of first-degree murder – victim under 12/position of trust, one count of first-degree unlawful termination of a pregnancy and three counts of tampering with a deceased human body.The unlawful termination of a pregnancy charge comes because Shanann Watts was 15 weeks pregnant at the time she was killed. Former Boulder District Attorney Stan Garnett explained the statute in an interview with Denver7 Friday.In court Tuesday, Watts answered questions from the judge of whether he understood the charges against him with short responses of, “Yes sir.”Watts and his attorney waived his right to a preliminary hearing within 35 days and asked for a status conference to be held instead. His attorney and prosecutors agreed that an evidentiary and discovery hearing could be held in the case as well.Prosecutors will have 63 days after Watts' arraignment to decide if they will seek the death penalty in the case. If they do not, Watts would face mandatory life in prison without the possibility of parole if he is convicted on any of the murder charges.Shanann’s father and brother, Frank Rzucek and Frank Rzucek Jr., both attended the hearing. The elder Rzucek was visibly emotional during the hearing; his son comforted him as he buried his head in his hands and wept as the charges against Chris were read.The affidavit for Watts' arrest was ordered unsealed Monday and was released Monday afternoon. It says that he was having an affair that he had previously denied to police, and that he claimed that Shanann had strangled their daughters, Bella and Celeste, after he told her he wanted to separate.Watts was arrested late last Wednesday and has been held without bond ever since.His pregnant wife and daughters, 34-year-old Shanann, 3-year-old Celeste and 4-year-old Bella, were reported missing last Monday by a family friend after Shanann missed a doctor’s appointment.A day after the three were reported missing, Chris Watts gave an interview to Denver7 in which he pleaded for the girls to come home and said he and his wife “had an emotional conversation” before he allegedly last saw her.Shanann’s body was discovered in a field on Anadarko Petroleum Company property. Court documents show her body was found in a "shallow grave near an oil tank." Her daughter’s bodies were discovered concealed within oil tanks nearby, sources told Denver7. Court documents filed late last week show experts were advised the bodies were in tanks filled with crude oil "for several days." Chris Watts had been an Anadarko employee but was fired by the company Wednesday.At a news conference Monday, Weld County District Attorney Michael Rourke declined to elaborate on the case beyond the documents that were released.At the same news conference, Rzucek delivered a brief statement: "We would like to thank everyone in the Frederick Police Department and all the agencies involved for working so hard to find my daughter, granddaughters and [unborn child] Nico," Rzucek said. "Thank you everyone for coming out to the candlelight vigil and sending all your prayers. They are greatly appreciated. And keep the prayers coming for our family. Thank you very much.”Watts will continue to be held without bond after Tuesday’s court hearing. His status conference was set Tuesday for Nov. 19 at 10:30 a.m. 3686

Harvard University has announced plans to bring back up to 40 percent of their student body back to campus this fall.They also stated all course instruction at the undergraduate and graduate level will be delivered online, whether or not students are on campus. The fall semester begins on September 2 at Harvard.Those being allowed back to campus are all first-year students and those who must be on campus to progress academically. “This will enable first-year students to benefit from a supported transition to college-level academic work and to begin to build their Harvard relationships with faculty and peers,” the statement read.Harvard said this is only for the fall semester and if current restrictions are in place next year, their priority would be to bring back graduating seniors for their last semester on campus.Those coming back to campus will be tested for COVID-19 once they arrive, and then re-tested every three days while they are on campus.“Without a vaccine or effective clinical treatments for the virus, we know that no choice that reopens the campus is without risk. That said, we have worked closely with leading epidemiologists and medical experts to define an approach that we believe will protect the health and safety of our community, while also protecting our academic enterprise and providing students with the conditions they need to be successful academically,” read an online statement from University President Larry Bacow, FAS Edgerley Family Dean Claudine Gay, and Danoff Dean of the College Rakesh Khurana.The university’s statement says tuition for this upcoming school year will remain unchanged, at ,653.First-year students have until July 24 to defer their enrollment, and Harvard is making advisers available for older students considering a leave of absence. 1816

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