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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

HELENA, MT. - About 120 soldiers arrived in Helena after a year-long deployment to the Middle East.The Montana Army National Guard 1-189th General Support Aviation Battalion deployed to the Middle East in October 2019 and conducted operations throughout the Middle East like Syria and Iraq. National Guard leadership was one of the first to welcome home their soldiers.“The wind, the weather, they're coming out of Fort Hood, which is much warmer and they're stoked,” says Donald Emerson, Assistant Adjutant General for the Montana National Guard. “They're happy, doesn't matter. They're just glad to be with their families. It's great to see."In total, about 240 soldiers reunited with their families in Montana, dropping them off in airports nearest to home. The Montana National Guard dropped off their soldiers in groups of about 50 to maintain pandemic changes. Then they were led to their families, and they also received a community reunion from people outside the hangar waiting to welcome them home.“I just wanted to welcome these guys home,” says Puanani Wevers, a Helena resident. She stood outside waving an American flag as soldiers were leaving the hangar. “I mean, it's been a year that parents have, you know, not had their children home and loved ones. The least we can do is come out and support these guys."The Montana National Guard respectfully declined all interview requests with these soldiers, simply stating they just wanted to get them home in the arms of their loved ones.This story was first reported by Alexie Aguayo at KXLH in Helena, Montana. 1582

GRAND RAPIDS, Mich. -- A Grand Rapids teen is making sure your morning cup of coffee stays brewing for years to come with the launch of her new coffee line, Joven Coffee."Joven means 'young' in Spanish, so that is why we chose it because we're supporting young farmers," said Frankie Volekma, founder of Joven Coffee.At 14, Frankie is the youngest coffee Q grader in the world and is launching the coffee line to support the next generation of coffee farmers."We're just trying to make it a viable career option for a lot of these young farmers because a lot of times it's a low paying career to be in coffee farming," she said.In coffee producing countries like Columbia and regions of Africa, farmers are primarily 57 years old or older.Frankie's concern is those farmers will eventually retire, and there won't be enough young farmers to take their place."I think it's an important issue, and you're going to hear more about it over time," said Frankie's dad, Tim Volekma, owner of Sparrow Coffee and Schuil Coffee. "I feel like maybe we're one of the first people to sort of bringing it to bring light to this issue."As a young professional in the coffee industry, Frankie says she feels it is her calling to use her talents to support young farmers who may not have the same opportunities she does.She teamed up with young farmers in Columbia and a group of women farmers in Burundi in Africa and created two single-origin varieties under the Joven Coffee name."It's really cool for me to be able to be a part of something that is making an impact on the world," she said, "and even if it just helps a couple of farmers, that really makes me feel great about myself, and that I'm making a difference."Learn more about Joven CoffeeThis story was first reported by Savannah Fish at WXMI in Michigan. 1810

Historic flooding in India has left some metro Detroiters stranded. More than 300 people have died after floods hit southern India. Much of the state of Kerala is under water right now, closing international airports and leaving many visitors stranded. “It’s totally devastating and something nobody had expected,” said Sujith Menon, president of the Kerala Club in Detroit. It's being called one of the worst monsoon seasons in Kerala in more than 100 years. Many homes and businesses are under water right now, but folks in Michigan are trying to help those who are in a dire situation on the other side of this world.  659

HONOLULU (AP) — Hurricane Douglas is gathering strength as it heads west toward the Hawaiian Islands on a track to potentially bring strong winds and flash flooding to the island chain over the weekend. The storm is getting stronger Thursday, becoming a Category 3 hurricane with maximum sustained winds of 120 mph. Cooler waters east of Hawaii and wind shear are expected to weaken the storm before it reaches the islands. 432

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