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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

Horseshoe crabs are prehistoric creatures that predate the dinosaurs, but pharmaceutical companies depend on them to this day for their unique blue blood.The crabs’ blood is hypersensitive to endotoxins, making it the perfect testing ground to see if a coronavirus vaccine is harmful to people."The fact that we rely so much on these really primitive creatures that predate the dinosaurs," said Barbara Brummer, the state director of The Nature Conservancy in New Jersey.From Massachusetts to South Carolina, the crabs are collected and taken to laboratories. But one of their largest breeding grounds is right in New Jersey, in the Delaware Bay."The concern is the population of horseshoe crabs in the Delaware Bay has been declining over the years," said Brummer. "They are needed for the ecological value they bring for shorebirds.”Shorebirds rely on the crabs' millions of eggs for food.New Jersey fishermen are banned from using the crabs for bait. But pharmaceutical companies remove about a half-million horseshoe crabs from the ocean every year.In the labs, about one-third of a crab's blood is removed for testing. If the crab's blue blood clots up, the medicine is no good.The crabs are then returned to the ocean.However, a study by the Atlantic States Marine Fisheries Commission estimates about 15% of the crabs do not survive."There is an alternative test," Brummer said. "They have created a test that does not involve the bleeding of the crabs. It is a synthetic material."The synthetic test has been approved in Europe but has not yet been approved in the United States.This story was first reported by Christie Duffy at PIX11 in New York, New York. 1674

Hillary Clinton told a receptive audience over the weekend in India that while she thought President Donald Trump played to some of Americans' worst fears, he does not reflect the country as a whole."No, we did not deserve that," Clinton said when asked if the US "deserves" Trump as its leader.Clinton called the 2016 presidential race the "first reality TV campaign," and said Trump, as a bombastic "reality TV candidate," was able to win over enough of the audience to win the election.And in comments seized on by the Republican National Committee, Clinton said she had won sections of the country with more economic output and attributed some of Trump's insurgent victory to a series of social and economic anxieties and discriminatory attitudes among his supporters."I won the places that represent two-thirds of America's gross domestic product," Clinton said. "So I won the places that are optimistic, diverse, dynamic, moving forward. And his whole campaign, 'Make America Great Again,' was looking backwards. You know, you didn't like black people getting rights, you don't like women, you know, getting jobs, you don't want to, you know, see that Indian-American succeeding more than you are, whatever your problem is, I'm going to solve it."Clinton said there is "the phenomenon of disappointment" about economic outcomes, particularly after the 2008 financial crisis, one of three main areas where she said she sees Americans' fears play out.Second, she pointed to "a reaction to advancing opportunities and rights for other groups," citing advancements for African-Americans, the LGBT community and women -- and said the third area was "the reaction against immigrants."As for Trump's conduct on the international stage, Clinton pointed to the President's "affinity for dictators," including Russian President Vladimir Putin.But when asked if the Russians have anything compromising on Trump, Clinton said, "We'll find out. Follow the money."She made clear later in the discussion that she did not know where the special counsel's investigation into Russian election meddling and possible coordination with Trump's team is likely to lead."Whether or not it affects him or just people around him, nobody knows," Clinton said. 2266

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

GLENDALE, Ariz. (AP) — The Arizona Coyotes have renounced their rights to their top 2020 draft pick after learning more about his bullying of a Black classmate four years ago.The team parted ways with Mitchell Miller after taking heat for selecting him in the fourth round earlier this month despite knowing of his 2016 assault conviction.Arizona acknowledged it knew about the incident when it selected Miller.President and CEO Xavier Gutierrez said discovering more about it, and the effect it had on bullying victim Isaiah Meyer-Crothers and his family led to this decision."We have decided to renounce the rights to Mitchell Miller, effective immediately," said Gutierrez in a press release. "Prior to selecting Mitchell in the NHL Draft, we were aware that a bullying incident took place in 2016. We do not condone this type of behavior but embraced this as a teachable moment to work with Mitchell to make him accountable for his actions and provide him with an opportunity to be a leader in anti-bullying and anti-racism efforts. We have learned more about the entire matter, and more importantly, the impact it has had on Isaiah and the Meyer-Crothers family. What we learned does not align with the core values and vision for our organization and leads to our decision to renounce our draft rights. On behalf of the Arizona Coyotes ownership and our entire organization, I would like to apologize to Isaiah and the Meyer-Crothers family. We are building a model franchise on and off the ice and will do the right thing for Isaiah and the Meyer-Crothers family, our fans, and our partners. Mr. Miller is now a free agent and can pursue his dream of becoming an NHL player elsewhere.The news comes after an extensive exposè of Miller's bullying Meyer-Crothers, who has developmental disabilities, back in Ohio, was published on Oct. 26 by the Arizona Republic.According to the Toledo Blade, Miller and another student were found delinquent on counts of assault and violating the Ohio Safe Schools Act.In court, Miller admitted that he and Hunter McKie made Meyer-Crothers "eat a candy push pop after wiping it in a bathroom urinal," the Toledo Blade reported back in 2016.Sylvania Schools suspended Miller after the incident.Miller becomes an NHL free agent effective immediately.According to ESPN, North Dakota head coach Brad Berry told the Grand Forks Herald that Miller was still part of their program. 2422