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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

Holding global warming to a critical limit would require "rapid, far-reaching and unprecedented changes in all aspects of society," says a key report from the global scientific authority on climate change.The Intergovernmental Panel on Climate Change (IPCC) report was released Monday at the 48th Session of the IPCC in Incheon, South Korea.It focuses on the impacts of global warming reaching 1.5 degrees Celsius (2.7 degrees Fahrenheit) above pre-industrial levels. The planet is already two-thirds of the way there, with global temperatures having warmed about 1 degree C.According to the report, the planet will reach this crucial threshold as early as 2030 based on our current levels of greenhouse gas emissions -- and avoiding going even higher will require significant action in the next few years.Global net emissions of carbon dioxide would need to fall by 45% from 2010 levels by 2030 and reach "net zero" around 2050 in order to keep the warming around 1.5 degrees Celsius.Lowering emissions to this degree would require widespread changes in energy, industry, buildings, transportation and cities, the report says.But even if warming is able to be kept to 1.5 degrees Celsius, the impacts would be widespread and significant.Temperatures during summer heatwaves, such as those just experienced across Europe this summer, can be expected to increase by 3 degrees Celsius, according to the report.More frequent or intense droughts, such as the one that nearly ran the taps in Cape Town, South Africa, dry, as well as more frequent extreme rainfall events such as hurricanes Harvey and Florence in the United States, are also pointed to as expectations as we reach the warming threshold.Monday's report is three years in the making and is a direct result of the 2015 Paris Climate Agreement. In the Paris accord, 197 countries agreed to the goal of holding global temperatures "well below" 2 degrees C above pre-industrial levels and to pursue efforts to limit it to 1.5 degrees C.The United States was initially in the agreement. But President Donald Trump pulled the country out?a year and half later, claiming it was unfair to the country. 2185

GUATAY, Calif. (KGTV) -- A family in the East County is hoping someone has information about a bicycle accident that happened Saturday afternoon in Guatay, just north of Pine Valley. Ann Larkin says her husband, Warren Larkin, was returning from a bike ride along old Highway 80, and was just feet away from his home, when a good Samaritan found him in the middle of the road. Larkin was airlifted to Sharp Memorial Hopsital with 10 broken ribs, a collapsed lung and a broken clavicle. He doesn't remember anything about the crash.Ann tells 10News she doesn't want to speculate but worries that someone hit her husband on his bike and took off, since hospital staff told her his injuries were more traumatic than just falling off a bike. The Larkin family is now hoping that by sharing their story, they can find someone who witnessed the accident and can provide clues about what happened. 899

He was a friend. A brother. A husband. A grandfather.“He was also a chef,” Yolanda Green-Samuel added recalling fond memories of her brother, Eugene Green, who was killed four years ago in a hit-and-run incident while he was on a bicycle. She still recalls a conversation she had with local police in Miami Gardens, Florida, one that is seared into her memory.“[Police said] ‘We have no leads and no answers.’ And at that point I said to him ‘that’s unacceptable.'"”I was engulfed in pain,” Green-Samuel added.But she took that pain and channeled it for good. She’s created an organization to help raise awareness and try to decrease the problem of hit-and-run drivers. She says few people know how much more severe the penalties are when you flee the scene. Prison time for suspects who are caught is becoming more and more common. Samuel-Green wants people to know that more often than not the crash is an accident.It highlights an issue that only seems to be getting worse, according to statistics. In 2016—the latest year for which complete data from the National Highway Traffic Safety Administration exists—there were more hit-and-run fatalities than there have been in the 40-plus years that NHTSA has been keeping track. There were 2,049 people killed as a result of a hit-and-run 2016. Significant in those numbers: 70% of those deaths were to pedestrians or bicyclists. Jacob Nelson is a researcher with AAA, which put out a study highlighting the new numbers. He says one of the reasons for the uptick in pedestrian and cyclist deaths could be the simple fact that there are more pedestrians and cyclists on city streets.“There’s been a huge push from the public health community to get more people outside walking and biking given all the health benefits to doing that,” Nelson said. But he cautions that cities also need to start looking at putting more barriers between non-motorists and vehicle traffic lanes.The other factor that could be playing a part: distracted driving.“That doesn’t matter whether you are a motorist, pedestrian, or a cyclist. You need to pay attention to what’s around you. A lot of these crashes could be prevented in the first place,” Nelson said.And he joins Green-Samuel in urging any motorist involved in a crash to stay put.“The element of people leaving the scene of a crash is not only illegal, but motorists need to realize that staying on the scene of a crash is the right thing to do,” Nelson said. “It can help prevent people from being killed and it can lessen the severity of the injuries people sustain if we make sure people get medical care in that first hour.”Green-Samuel also hopes that through her organization, Just an Accident: Stop Hit-and-Runs, she hopes more people will become aware of the immense power people hold in their hands when driving a vehicle.“I just don't think people realize the responsibly they take when they get behind the wheel of a vehicle," she said. 2984

HARAHAN, La. — In Kimberly Broussard’s kitchen, there are layers upon layers of love.“I love to cook,” she said. “It's just yummy and it's full of cheese and it's gooey.”Broussard is in the midst of her new weekly tradition: making lasagna for someone she’s never met.“The thing weighs about six pounds. It’s pretty heavy,” she said.Broussard is a volunteer with Lasagna Love.“Food is love,” she said.It’s a program that began during the pandemic, in the kitchen of founder Rhiannon Menn.“I remember just feeling so helpless and watching people around me lose jobs, lose child care,” Menn said.So, the San Diego mom offered to make a meal for anyone in need in her area.“I posted to some local mom’s groups on Facebook, 'Hey, you know if you're struggling, whatever that looks like for you-- if it's financial, if it's emotional, if you're immunocompromised and can't go to the grocery store--my daughter and I are making extra meals. Like, please let us bring you dinner.' And people said yes,” she said.With that, Lasagna Love was born as people contacted Menn to ask if they could help, too. The registered nonprofit now has “Lasagna Mama and Papa” volunteers in all 50 states, with a website where you can request a meal or offer to make one.“I'm just so inspired and a little bit in awe of how many people there are that want to be part of this, spreading kindness,” Menn said.Back in Kimberly Broussard’s Louisiana kitchen, her latest lasagna will soon be ready to be dropped off to a family in need. She’s made nearly 20 for Lasagna Love.“Just the thought of families not being able to eat, it was just a way to help,” Broussard said, “and it's just a way to say, ‘hey, look, you know, yeah, you're struggling, but there are people out there that care.’”It’s a way of caring for one another, using food as a language of love. 1840

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