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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

FULLERTON, Calif. (AP) — Police say a suspect has been arrested in the stabbing death of a man at the California State University, Fullerton campus.Fullerton police Lt. Jon Radus on Thursday told The Associated Press that 51-year-old Chuyen Vo was arrested Wednesday night at his home in Huntington Beach. Vo is suspected in the death of a former co-worker, 57-year-old Steven Shek Keung Chan. Police would not elaborate on the work relationship between the two men.Chan worked as the director of budget and finance and student services for university extended education but retired in 2017. He returned to the campus in January to work as a consultant.Authorities have said Chan was found stabbed numerous times inside his silver Infiniti in a campus parking lot on Monday, and they believe it was a targeted attack. 825

HOLLYWOOD, Calif. (CNS) - Television personality Steve-O duct-taped himself to a billboard in Hollywood Thursday to publicize his new project titled "Gnarly."Firefighters were sent to the 1700 block of North Cahuenga Boulevard at 9:35 a.m. to assist police with what was preliminarily classified as "an apparent single-patient behavioral emergency," according to the Los Angeles Fire Department.Steve-O posted a selfie on Instagram, showing several layers of what appeared to be black tape covering his body as he stood on a platform with his back to the billboard, which had the word "Gnarly" on it and a reference to his website.Police said the prankster, known for the "Jackass" television series and movies, was not arrested. 737

GULF SHORES, Ala. – An Alabama woman says Hurricane Sally brought more than strong winds and heavy rains to her area.Tina Lambert Bennett spotted an alligator in the storm surge and captured the encounter on video.Bennett says she was upstairs in her Gulf Shores property, surveying the damage, when she spotted the gator in her yard.She believes the animal was at least 3.5 feet wide and 11 to 12 feet long.When the hurricane hit, surrounding canals overflowed and filled the marshlands.Bennett says she wants people to be aware of what can be in the water.It's not just alligators. She says there are also poisonous snakes in the area. 645

FULLERTON (CNS) - A 34-year-old Las Vegas man pleaded guilty Thursday and was immediately sentenced to six months in jail for his part in a brawl at Disneyland that was captured on video that went viral.Avery Desmond Edwin Robinson pleaded guilty to a felony count of corporal injury on a cohabitant, a count of assault with force likely to produce great bodily injury, a count of assault with a deadly weapon, two counts of criminal threats, five counts of battery and four counts of child abuse and endangerment, all misdemeanors. He accepted a plea bargain from Orange County Superior Court Judge Scott Steiner.Steiner also sentenced Robinson to perform eight hours of community service and participate in a batters' treatment program.RELATED:Children watch as adults fight at Disneyland's ToontownThree people charged in Disneyland brawl that was caught on videoTwo charged in Disneyland 'Toontown' brawl miss arraignmentHis sister, Andrea Nicole Robinson, 41, and her husband, Daman Petrie, 44, of Compton, failed to show in court and a warrant has been issued for their arrests.Robinson's sister is charged with four misdemeanor counts of battery for allegedly attacking her brother, his girlfriend and a Disneyland security guard, and a misdemeanor count of assault on her brother's girlfriend. She faces 2 1/2 years in jail if convicted.Petrie is charged with one count of battery on his brother-in-law's girlfriend, who was punched in the face during the July 5 scrum, and faces up to six months in jail if convicted, according to prosecutors.It's unclear what touched off the fight, which broke out in Toontown and sprawled out onto the theme park's Main Street, but several Disneyland visitors tried to stop it, prosecutors said. One theme park guest put Avery Robinson in a chokehold, prosecutors said, and one of the children with the family was carried away from the brawl.When security guards asked the family to leave, there was more violence, prosecutors allege. Avery Robinson is accused of attempting to hit a security guard with his vehicle as he drove away and threatening to kill his sister and Petrie as he allegedly simulated having a gun in his hand, prosecutors said. 2201