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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

Her name was Jakelin Caal Maquin. She had traveled with her father from a rural indigenous community in Guatemala's impoverished Alta Verapaz region.They were among a group of 163 migrants detained by Border Patrol agents the night of December 6 -- three days after her birthday -- in a remote area of the New Mexico desert, officials said.Two days later, 7-year-old Jakelin was dead, Customs and Border Protection's officials said Friday. She had vomited and stopped breathing while in Border Patrol custody. Jakelin later went into cardiac arrest and suffered brain swelling at a Texas hospital."Without the lifesaving measures undertaken by Border Patrol, this child would have likely died in the desert alone without any medical care whatsoever," a Department of Homeland Security official said Friday. "The entire department is heartbroken by this loss of life."The department's Inspector General's office is investigating the death and said its findings will be released publicly. The US government officials spoke on a conference call with reporters and insisted they not be identified by name. 1109

Hillary Clinton on Thursday slammed Republican Gov. Paul LePage's recent announcement that he won't expand Medicaid in Maine until the state finds a way to pay for it even though voters approved a ballot measure supporting the program's expansion."Who appointed these people king?" Clinton asked.Speaking at a health care symposium at Geisinger Medical Center near Danville, Pennsylvania, Clinton said compromise should be a key tenet for improving health care in the United States. 490

HOBE SOUND, Florida — For Rony Bottex, 65, fracturing his leg and using crutches is nothing compared to what could have happened on I-95 in Hobe Sound, Florida on Monday morning. "If he wasn't there, if the officer wasn't there, I'd be dead," said Bottex. Rony was involved in an accident on I-95. Florida Highway Patrol Trooper Mithil Patel, 31, was the first to respond and while he's talking to Rony?outside of the car, a van slammed into a car, sending it spinning in their direction.?"He saw the car come right to me and pushed me to the side and thank God I fall, but he's the one who got hurt for me," said Bottex. "He take the hit and pushed me out of the way." Trooper Patel was taken to St. Mary's Medical Center where he is now in good condition. Rony says he has not stopped praying for the brave trooper who he says nearly gave his own life to save Rony. "They do the jobs for you, not for them, and he was going to take the hit for me, he did," he said. Rony says thanks to Trooper Patel, he's still alive for his wife and six children. He now wants this stranger who saved him to be a part of his family too. "What I want to tell his family, I want to be with him as a family because people like this you never forget them," added Bottex. The trooper's father said the family has been overwhelmed with calls and support. Rony says he hopes he can get in touch with the trooper and his family. 1490

Given today’s announcement by the NFL and the Washington team’s ownership, we are discontinuing the sale of items that reference the team’s name and logo. https://t.co/LtT7m7H3we— Walmart Inc. (@WalmartInc) July 3, 2020 227