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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
GREENCASTLE Ind. -- After students at DePauw University used her event as a place to protest recent racial discrimination on their campus, Jenna Fischer has promised to donate all the money she made from the event to groups fighting discrimination. Fischer shared a message on Twitter Wednesday saying she was "shocked and upset" to hear the things that were happening on the DePauw campus. WATCH | Protesters interrupt DePauw?president during press?conference"I could feel the pain, sadness, and fear coming from these students," Fischer wrote. "No student should feel at risk, or have to suffer the kinds of bigotry and hate these students have encountered. These students need to be heard and they need change." 738
FULLERTON, Calif. (AP) — The Los Angeles Dodgers say Hall of Fame manager Tom Lasorda has been hospitalized in Southern California. The Dodgers said Sunday that their 93-year-old former manager was in intensive care and resting comfortably at a hospital in Orange County. Lasorda lives in Fullerton. He attended the team’s Game 6 victory over the Tampa Bay Rays on Oct. 27 in Texas that clinched the Dodgers’ first World Series title since 1988. Lasorda managed the Dodgers from 1976-96, guiding them to World Series championships in 1981 and '88, as well as four National League pennants and eight division titles. 623
Hillary Clinton said Tuesday that President Donald Trump staged a "political rally" at Supreme Court Justice Brett Kavanaugh's ceremonial swearing-in that "further undermined the image and integrity of the court.""What was done last night in the White House was a political rally. It further undermined the image and integrity of the court," Clinton, Trump's Democratic 2016 election opponent, told CNN's Christiane Amanpour in an exclusive interview."And that troubles me greatly. It saddens me. Because our judicial system has been viewed as one of the main pillars of our constitutional government. So I don't know how people are going to react to it. I think, given our divides, it will pretty much fall predictably between those who are for and those who are against," Clinton said. 795
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