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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
Harris County, Texas Sheriff's deputies in Houston were forced to shut down an ATM in Houston on Sunday night after a huge crowd had gathered to take advantage of the machine dispersing 0 bills instead of bills, the Houston Chronicle reported. Rather than trying to recoup its losses, Bank of America announced that it would not force those who were able to snag the 0 bills to repay. “This was an incident at a single ATM in Houston caused when a vendor incorrectly loaded 0 bills in place of bills,” Bank of America said in a statement to the Chronicle. “We have resolved the matter. Customers will be able to keep the additional money dispensed.”KPRC-TV said that the crowd converged on the Houston ATM Sunday night after a man posted on social media, boasting about the transaction. KPRC added that a few fights took place near the ATM, which prompted deputies to shut down the ATM. Bank of America did not say how many customers profited off of the ATM. 1020
From coast to coast we found hundreds of people sharing similar stories.Men, women and children all spoke of scalp sores, bald spots and hair falling out in clumps.Jessica Deets said her hair started falling out at an alarming rate two months after she began shampooing with Monat. She also estimates her daughter lost most of her hair after using Monat's children's line. Jessica showed us the clumps she says she found in little girl’s crib. 451
GREENFIELD, Ind. -- An early morning traffic stop on I-70 on Monday ended with a huge drug bust for Indiana State Police. A trooper pulled over a 2017 Ford Expedition for a traffic violation near Greenfield, Indiana around 11 a.m. after he witnessed the driver weaving in and out of the traffic lanes. During the stop, the trooper found more than 78 pounds of marijuana stowed in the back of the SUV. The street value of the pot is estimated to be around 0,000. The driver, Christian Elie, 51, of Colorado and his passenger, Austin Johnson, 42, of Indianapolis, are both facing multiple drug charges. The arrests and charges remain under investigation by Indiana State Police. 717
From his hospital room in Florida, a student wounded in the Parkland school massacre plans to sue his school district and the Broward County Sheriff's Office, his attorney said."The failure of Broward County Public Schools, and of the Principal and School Resource Officer to adequately protect students, and in particular our client, from life-threatening harm were unreasonable, callous and negligent," attorney Alex F. Arreaza wrote in a notice of intent to file claim.The student, Anthony Borges, was shot five times when a gunman unleashed a barrage of bullets February 14 at Marjory Stoneman Douglas High School. The rampage left 17 people dead. 665