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NEW YORK (AP and KGTV) — Sears is closing 80 more stores, including six locations in San Diego, as it teeters on the brink of liquidation.The iconic retailer, once the nation's largest department store chain, set a deadline of Friday for bids for its remaining stores to avert closing down completely.Sears has not received any bids as of Friday afternoon.The retailer that began out as a mail order catalog in the 1880s has been in a slow death spiral, hobbled by the Great Recession and then overwhelmed by rivals both down the street and across the internet.The 80 stores are due to close by March. That's in addition to 182 stores already slated for closure, including 142 by the end of 2108 and 40 by February. The company filed for Chapter 11 bankruptcy protection in October , saying at the time it would close more than 20 percent of all stores, keeping open only its 500 most profitable locations.Sears Holdings Corp., which also runs Kmart, joins the list of retail brands taken over by hedge funds that collapsed under the weight of debt forced upon them.Under hedge fund manager Eddie Lampert, Sears has bought time by spinning off stores and putting on the block the brands that had grown synonymous with the company, such as Craftsman. The company's chairman and biggest shareholder, Lampert loaned out his own money and put together deals to keep the company afloat and to turn whatever profit he could for ESL hedge fund. Lampert and ESL have been trying to buy the rest of Sears for up to .6 billion in cash and stock.But no official bid appeared to have emerged as of 4 p.m. E.T. Friday. Sears declined to comment. 1642
Nintendo, the Japanese company behind Super Mario and Pokemon video games, reported Thursday that its fiscal first half profit more than tripled as passed time while stuck at home during the pandemic playing games.Kyoto-based Nintendo Co.’s profit for the six months through September soared to 213 billion yen ( billion), up from 62 billion yen a year ago. Six-month sales soared to 769 billion yen (.4 billion) from 444 billion yen.Nintendo said more than 5 million units of “Super Mario 3D All-Stars” game software for the Nintendo Switch were sold during the period, and nearly 3 million units of “Paper Mario: The Origami King” were sold.Earlier releases also continued to sell briskly, including “Animal Crossing: New Horizons,” which has now sold a cumulative 26 million units globally, according to Nintendo.Nintendo’s online downloads and mobile sales also did well, it said.Nintendo said it expects the positive results to continue. The latest in its other hit game lineup, such as “Pikmin 3 Deluxe,” will go on sale this year, it said.Nintendo raised its full year profit forecast through March to 300 billion yen (.9 billion), up from an earlier projection of a 200 billion yen (.9 billion) profit. The latest forecast, if realized, would mark a 16% improvement from 259 billion yen in profit recorded in the previous fiscal year.Although rising COVID-19 cases have hurt large chunks of the global economy, including Japan’s, some sectors, such as online retailing and at-home entertainment, are booming.___Yuri Kageyama is on Twitter https://twitter.com/yurikageyama 1595
NEW YORK — As people across the world prepare for holiday celebrations, Mayor Bill de Blasio announced new COVID-19 quarantine advisories for those traveling to New York City.The order goes into effect immediately.Amid concerns of a new COVID-19 variant found in the United Kingdom, those traveling from the UK will be personally served a Department of Health Commissioner’s Order to quarantine by the Sheriff’s Office.There will also be a follow-up door knock by the sheriff’s Travel Unit to make sure people are complying, according to the mayor.All other travelers coming to the city will receive a Department of Health Commissioner’s Order to quarantine via certified mail.Those who do not comply will be issued a ,000 fine the first day and another ,000 for each additional day.“If you don’t follow the quarantine, you’re endangering everyone in the city,” Mayor de Blasio said.The mayor also encouraged New Yorkers to avoid traveling during the holidays, stay local and celebrate with their immediate household.“The best gift you can give is to make sure the people you love will be able to gather together and next year in 2021."The new compliance order comes as Gov. Andrew Cuomo said he will be working with several hospitals across the state to test for the new variant to see if it’s already in New York and to “isolate it immediately.”Three airlines that travel from the U.K. to New York have already complied with the governor's request to have passengers test negative before boarding a flight. This article was written by Kristine Garcia for WPIX. 1574
NESTOR, Calif. (KGTV) -- Some South Bay neighbors oppose the city of San Diego’s plans to build a sober-living drug treatment facility at the site of a Super 8 Motel in Nestor on Palm Avenue just west of the I-5.The Otay Mesa-Nestor Community Planning Group voted 9-2 Wednesday evening to not recommend the San Diego City Council approve the San Diego Misdemeanants At-Risk Track (SMART) program treatment center at the Super 8 Motel site. RELATED: City plans to house criminals in South Bay HotelResidents at the meeting said they oppose the facility, mostly because it may interfere with plans to revitalize the area in the future.They believe a drug treatment facility will turn investors away.According to the city, there will be counselors on-site, 24-hour security, and strict rules.According to the City Attorney’s website, “SMART prioritizes chronic misdemeanor offenders with acute drug addictions and complex social service needs. These offenders have one or more drug offenses since Proposition 47 took effect in 2014, and have been arrested at least twice in the past six months for a quality-of-life offense.” 1141
NEW YORK (AP) — President Donald Trump's niece has followed up her best selling tell-all book with a lawsuit alleging that Trump and two of his siblings cheated her out of tens of millions of dollars.The lawsuit in Manhattan State Supreme Court Thursday sought unspecified compensatory and punitive damages.It alleges that Trump conspired with a sister and a brother to portray themselves to Mary Trump as protectors while they instead took her share of minority interests in the family business."Fraud was not just the family business, it was a way of life," the court documents stated.Mary Trump inherited the interests when her father, Fred Trump Jr., died in 1981."Rather than protect Mary’s interests, they designed and carried out a complex scheme to siphon funds away from her interests, conceal their grift, and deceive her about the true value of what she had inherited," the lawsuit stated.Messages seeking comment were left with the Justice Department, lawyers for Trump, his sister, and a lawyer for his late brother.At a briefing, White House spokesperson Kayleigh McEnany rejected the lawsuit's claims.Mary is seeking more than 0,000 in compensatory damages as well as punitive damages.You can read the full lawsuit below: Trump's niece files suit saying family cheated her of millions by Sarah Dewberry on Scribd 1340