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Hey. I NEVER was talking at all about violence. People vote, people peacefully protest. NEVER would I endorse or incite violence. NEVER!! https://t.co/LljvwMvjDV— Scott W. Atlas (@SWAtlasHoover) November 16, 2020 220

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

GOLDEN, Colo. — A man who escaped from a Colorado Department of Corrections prison in Golden Tuesday morning has been captured. According to police, Sean Garcia, 27, was located and arrested in Denver. The escapee was taken into custody after authorities set a perimeter in the area. Garcia had escaped from the state prison facility by climbing a perimeter fence.Garcia is serving time for weapons and theft charges out of Rio Blanco County. His Parole eligibility date was in January, and his mandatory release date was Sep. 2 of this year, according to the DOC. Details as to how Garcia managed to escape the secure facility by climbing a fence have not been released. An investigation is ongoing.  744

Hello! And welcome to Movie...Pass?MoviePass, the ticket subscription company, is buying Moviefone, the 29-year old movie directory service.A lot has changed since Moviefone first started. It's hard to imagine now, but people used to call a number for movie times. Moviefone became so popular that its famous "Welcome to Moviefone" greeting was parodied in a famous "Seinfeld" episode.Moviefone still has a website and app, but it retired the 777-FILM phone service in 2014. (Seinfeld's Kramer must be pleased. "Why don't you just tell me the name of the movie you've selected?")AOL, now part of Verizon, bought Moviefone in 1999 for 8 million. But MoviePass isn't spending nearly as much to get Moviefone. MoviePass majority owner Helios and Matheson Analytics will pay Verizon only about million for Moviefone -- million in cash and a mix of HMNY stock and warrants worth about million, according to a Securities and Exchange filing Thursday.So why does MoviePass want Moviefone? MoviePass CEO Mitch Lowe told CNNMoney it wanted access to Moviefone's film and TV show content."Our subscribers want to connect with Hollywood and hear more about what's going on in the film industry," Lowe said. "They'd like to have MoviePass recommend movies to them and Moviefone is iconic."Lowe, a co-founder of Netflix and former president of DVD rental kiosk service Redbox, added that he hopes the acquisition will be a "great funnel to attract new members" to MoviePass, which currently has more than 2 million subscribers.Ted Farnsworth, CEO of Helios and Matheson Analytics, added that the marriage of MoviePass and Moviefone will hopefully lead to more advertising revenue."MoviePass is growing at warp speed. Put it and Moviefone together and it gives us more advertising opportunities," Farnsworth said in an interview with CNNMoney. "This is a great strategic move for us."MoviePass arguably needs more ad sales to convince skeptical investors that its business model of buying tickets from theaters and then offering them to subscribers at a discount through monthly and annual subscription plans is viable for the long haul. MoviePass lets people see a movie a day for .95 a month -- it recently cut its price from .95.Shares of Helio and Matheson Analytics have plunged nearly 55% this year. Investors are worried that MoviePass won't be profitable anytime soon.Part of the problem? We live in an era of so-called peak TV. Netflix, other streaming services and big cable TV networks are churning out more and more quality shows that eat into the time people have to go to movies.Investors also worry that the big chains that MoviePass currently buys tickets from -- AMC, Regal and Cinemark -- may eventually look to cut out MoviePass and launch their own subscription services or other lower-priced deals.Regal, which is now owned by UK-based Cineworld, has experimented with charging more for tickets during peak movie times and less at times when attendance tends to be lighter. Think of it as Uber-style surge pricing, but for movies.And Cinemark unveiled Movie Club, a monthly plan that lets people buy a movie ticket a month for a discounted price of .99, last year.That deal obviously isn't as good as the one a day plan offered by MoviePass. But Cinemark will also allow Movie Club members to roll over unused tickets every month, bring friends at the lower price and offers bargains on concession stand items.Lowe isn't too concerned about competition though. He said he's convinced that MoviePass will continue to work closely with the big chains -- even if Wall Street is nervous."We have to prove we are a driving force in getting more people into theaters. We have to try and put our money where our mouth is," he said. 3759

Health officials say the U.S. faces an uphill battle in convincing some Americans to take a potential COVID-19 vaccine. While polling shows Americans have been more open to a vaccine in recent months, there is still skepticism in vaccines among non-whites across the country.Experts say that Black people, in particular, remain skeptical of vaccines due to past failings of the U.S. healthcare system, in particular, the Tuskegee syphilis study. But the National Medical Association — a nonprofit representing the interests of Black doctors across the country — is trying to fight that skepticism ahead of the potential authorization of a COVID-19 vaccine."We're already suffering more than other community, and we would hate to see that suffering gap widen because members of our community did not affect to receive a vaccine that could have prevented kidney disease, prevented lung damage from COVID-19," Dr. Leon McDougle, the president of the National Medical Association said.The National Medical Association's task force has been doing its own independent vetting of potential COVID-19 vaccines, and McDougle added they are doing so to ensure that politicians are not influencing the Food and Drug Administration (FDA)."We are trusted messengers for health in the Black community," McDougle said. "That's where we live. That's where we work, and we already have those established relationships."The group has already had two meetings with Pfizer — the company, who on Wednesday, said it is days away from filing for Emergency Use Authorization for its vaccine candidate — and has a third meeting planned.The Association has also met with Moderna and AstraZeneca about their vaccine trials.McDougle added that since the group has been having meetings with vaccine makers for a while, he's hopeful the Association will agree with the FDA's decisions.McDougle says the National Medical Association has already been collaborating with clergy and other professional organizations that are looking to them for a direction on the vaccine. 2045