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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
HAWAII VOLCANOES NATIONAL PARK, HI (KGTV) -- They are photos almost too amazing to be real - people playing golf as an ash plume from the Kilauea volcano rises behind them. Since the beginning of May ash and lava have threatened homes on the big island, but that certainly hasn't deterred golfers. The United States Geological Survey said a recent lowering of the lava lake at the volcano's Halemaumau crater 'has raised the potential for explosive eruptions' at the volcano."RELATED: 518

GORMAN, Calif. (KGTV) - Interstate 5 over the Grapevine reopened Thursday afternoon after an hours-long closure due to snow, ice, and multiple collisions. California Highway Patrol officials said the crashes involved semi-trucks and other stuck vehicles on north I-5 just north of Gorman School Road. There were no immediate reports of injuries.CHP officers also escorted traffic over Highway 58.At 9:27 a.m., the National Weather Service reported snow in the higher elevations of the I-5 pass through the Grapevine. Drivers are urged to use extreme caution when traveling over the Grapevine or avoid the area if possible.A Winter Weather Advisory has been extended until 4 p.m. and now includes areas in the Kern County Mountains above 4,000 feet, according to NWS. 774
Hillary Clinton told a receptive audience over the weekend in India that while she thought President Donald Trump played to some of Americans' worst fears, he does not reflect the country as a whole."No, we did not deserve that," Clinton said when asked if the US "deserves" Trump as its leader.Clinton called the 2016 presidential race the "first reality TV campaign," and said Trump, as a bombastic "reality TV candidate," was able to win over enough of the audience to win the election.And in comments seized on by the Republican National Committee, Clinton said she had won sections of the country with more economic output and attributed some of Trump's insurgent victory to a series of social and economic anxieties and discriminatory attitudes among his supporters."I won the places that represent two-thirds of America's gross domestic product," Clinton said. "So I won the places that are optimistic, diverse, dynamic, moving forward. And his whole campaign, 'Make America Great Again,' was looking backwards. You know, you didn't like black people getting rights, you don't like women, you know, getting jobs, you don't want to, you know, see that Indian-American succeeding more than you are, whatever your problem is, I'm going to solve it."Clinton said there is "the phenomenon of disappointment" about economic outcomes, particularly after the 2008 financial crisis, one of three main areas where she said she sees Americans' fears play out.Second, she pointed to "a reaction to advancing opportunities and rights for other groups," citing advancements for African-Americans, the LGBT community and women -- and said the third area was "the reaction against immigrants."As for Trump's conduct on the international stage, Clinton pointed to the President's "affinity for dictators," including Russian President Vladimir Putin.But when asked if the Russians have anything compromising on Trump, Clinton said, "We'll find out. Follow the money."She made clear later in the discussion that she did not know where the special counsel's investigation into Russian election meddling and possible coordination with Trump's team is likely to lead."Whether or not it affects him or just people around him, nobody knows," Clinton said. 2266
GREAT FALLS — The dim glow of a scented candle illuminating holiday cards is a sight that can be found in many homes during the holidays - but can quickly lead to one much less festive."We see a couple candle fires every year,” said Great Falls Fire Marshal Mike McIntosh. Candles are one of several holiday traditions Great Falls Fire Rescue reminds people to think about."Make sure that if you're using a candle you don't put it near anything that could ignite and (catch) on fire. The other thing we would also recommend is, any time that you leave the room or that you go to bed at night that you make sure that you extinguish that candle,” McIntosh said.Next up, holiday lights. "Make sure that your Christmas lights are not damaged, frayed or look like they've been cut in any way. If they are, make sure you throw those away and go out and buy some new ones,” McIntosh said. "Also, regarding Christmas lights, we want people to know that there are some lights that are designed for indoor use and outdoor use and some that are only designed for either or. So make sure you know which type of use of lights that you have."GFFR also recommends using a surge protector and plugging it directly into a wall. Plugging several surge protectors together is just asking for trouble.If you've got a live Christmas tree in your house, don't let it dry out and become a tinderbox. "Make sure that you water it every day and that you out fresh water in the base,” McIntosh explained.Good advice to keep your holiday spirit up and keep your holiday from going up in flames.Get more holiday safety tips at the National Fire Protection Association website, including this overview:Winter holiday fire factsElectrical distribution or lighting equipment was involved in almost half of home Christmas tree fires.More than two of every five (42%) home Christmas tree fires started in the living room. Five percent were chimney or flue fires. One-fifth (21%) of the decoration fires started in the kitchen. Sixteen percent started in the living room, family room or den.Half (51%) of December home decoration fires were started by candles, compared to one-third (32%) in January to November.See more statistics on winter holiday fires.Christmas tree & decoration firesCarefully decorating your home can help make your holidays safer. Between 2014-2018, U.S. fire departments responded to an average of 160 home fires that started with Christmas trees per year. U.S. fire departments responded to an estimated average of 770 home structure fires per year that began with decorations, excluding Christmas trees. 2608
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