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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 (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

Grant Imahara, known for his roles on Discovery Channel's "MythBusters" and Netflix's "White Rabbit Project," has died, according to a statement from the Discovery Channel. He was 49 years old.“We are heartbroken to hear this sad news about Grant. He was an important part of our Discovery family and a really wonderful man. Our thoughts and prayers go out to his family,” the statement reads. 401

Glenn Jacobson, a teacher at Thrive Public Schools, has been recognized through the SDCCU? Classroom Heroes program. Jacobson is a teacher at the 54th Street Campus of Thrive Public Schools, an award-winning group of free public charter schools, K-12, serving students from all over San Diego County.Jacobson was nominated by a parent of one of his students who explained that “Mr. Glenn has helped transform my child's world through his teaching and classroom interactions. My son went from crying and asking to please stay home from school to now [being] excited every day to go back!” Jacobson has shown the student encouragement, support, understanding and compassion, which has positively influenced the learning experience. 747

Have you ever poured yourself a drink and browsed online, only to find a package at your door days later? Well, you’re not alone, according to a new survey.According to the personal finance website Finder.com, nearly half of Americans surveyed earlier this year said they’d made a purchase while under the influence.The survey found the average American spent 7.57 while drunk shopping. That total is up from the 2017 average, which was about half of that amount.So, what are drunk shoppers buying? Besides food, the top items are shoes and clothes.The survey found a quarter of people also like to gamble while drunk.The good news—there are apps that can stop you from drunk shopping. Crome browser extensions like Focus Me and Freedom allow users to block certain websites for a certain amount of time. The apps also allow you to set a spending limit, so you don’t wake up with a financial hangover.   919