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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

Get ready to find out how much time you spend on Facebook and Instagram.A new set of features are starting to roll out to the Facebook and Instagram mobile apps on Wednesday to help you better manage how you spend time on the platforms.The features include daily and weekly data on time spent within each app, a feature for temporarily muting push notifications, and a daily reminder system to notify you when you've hit a self-designated cut-off time for the day."This is about giving people the tools and the insights for them to decide for themselves what they want to be doing," said David Ginsberg, director of research at Facebook. 645

HAMILTON, Ohio — A student at a regional campus of Miami University was caught on video vandalizing an anti-abortion display of crosses in a field.Local media reports the university has identified two students involved, and it will take disciplinary action. The incident has been referred to the university’s Office of Ethics and Conflict Resolution, a university representative said. 392

GRASS VALLEY, Calif. -- A California man has a lot to be thankful for after he reportedly fought off a black bear to save the life of his pit bull named Buddy, according to CBS News.The day before Thanksgiving, Buddy was outside playing near his home in Nevada County, California. Kaleb Bentham said something didn’t sound right.“I heard a growl, looked about 75-100 feet down, and the bear was dragging him by his head, had his head in his mouth,” Benham told CBS13.Benham saved Buddy from a shelter a few years ago, and didn’t hesitate to rescue him again.“I just ran down there, plowed into the bear, tackled it and grabbed it by the throat and started hitting it in the face and the eye until it let go,” Benham said.Benham then describes the frantic search for a veterinary hospital that was open during the pandemic. The closest option was closed. 861

Health departments around the U.S. that are using contact tracers to contain coronavirus outbreaks are scrambling to bolster their ranks amid a surge of cases and resistance to cooperation from those infected or exposed. With too few trained contact tracers to handle soaring caseloads, one hard-hit Arizona county is relying on National Guard members to pitch in. In Louisiana, people who have tested positive typically wait more than two days to respond to health officials — giving the disease crucial time to spread. Contact tracing tracks people who test positive and anyone they’ve come in contact with. It was challenging even when stay-at-home orders were in place, but it’s exponentially more difficult now. 724