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Sears desperately needs money to keep it afloat during bankruptcy. And now the deadline is getting tighter.The retailer, which filed for bankruptcy on Oct. 15, has already gotten a 0 million loan to help fund its operations while it tries to reorganize. It warned the day it filed that it would need an additional 0 million loan within weeks or else its ability to stay in business would be "seriously jeopardized."But now Sears has postponed a hearing that was set for November 1 to win bankruptcy court approval of such a loan, according to a court document filed Wednesday. No new meeting date was set.Sears declined to comment on the delay.A hedge fund owned by Eddie Lampert, who is also Sears chairman and majority shareholder, was expected to lead financing of the 0 million loan.CNBC reported Thursday that Lampert is looking to ensure that his hedge fund would get paid back first when it comes time for Sears to reimburse its creditors. Specifically, Lampert wants his ESL Investments hedge fund to have the same status as major banks like Wells Fargo and Citigroup that provided the initial 0 million loan, CNBC reported.Meanwhile, Sears is bleeding money. It said it is burning through cash at a rate of 5 million a month, according to its first-day filings.The 132-year-old company has been struggling for several years and is already drowning in debt. It was forced to file for bankruptcy when it came time to make a 4 million debt payment but didn't have the cash.Lampert, who gave up the CEO role at Sears as part of the filing, has been loaning money to Sears for years. But he has always taken steps to ensure that his loans are backed by hard assets, such as real estate or credit card balances, to improve his chances of having the loan repaid even in the case of bankruptcy. Even if Sears liquidates, he'll end up holding real estate worth hundreds of millions of dollars.Lampert is the company's largest creditor. He's owed at least .6 billion. 2024

SAN YSIDRO, Calif. (KGTV) — San Diego County will set up a coronavirus testing site at one of the world's busiest border crossings.County Supervisor Greg Cox said Wednesday the testing site will be at San Ysidro Port of Entry's PedWest crossing and serve about 200 tests daily. The testing site will be used for essential workers coming into the U.S. from Mexico and returning U.S. citizens. The walk-up site will also be appointment-free.PedWest serves pedestrians between Tijuana and San Diego. 504

SAN ONOFRE, Calif. (KGTV) - On Tuesday, two Southern California congressmen toured the shuttered San Onofre Nuclear Generating Station, or SONGS. There was an announcement made to the press about new legislation, amid environmental and safety concerns at the facility.Representative Harley Rouda (D-CA-48) told reporters, “We both recognize that we have an issue here.” He and Representative Mike Levin (D-CA-49) got a firsthand look at the controversial conditions inside SONGS. The two representatives serve districts that cover north coastal San Diego into Orange County, where SONGS is located. “Today, I’m pleased to announce that when I return to Washington, I’ll be introducing new legislation to ensure the spent fuel here at SONGS receives top priority from the federal government for disposal,” said Rep. Levin. His newest effort will be called the Spent Fuel Prioritization bill. To decommission the power plant, crews have been transferring spent nuclear fuel into square vaults on the beach until the government figures out what to do with them, next, which will likely involve transferring them to a remote, out-of-state location. The congressmen are calling for more federal oversight after safety concerns were raised about the integrity of the fuel storage canisters. Additionally, last summer a loaded canister was nearly dropped several feet. “I think there's dispute and well-intentioned dispute about what the outcome would have been had that 18-foot drop occurred,” adds Rep. Levin.SONGS’ operator, Southern California Edison, sent 10News the following statement: “Southern California Edison welcomes the congressmen’s efforts to develop solutions to the issues of transportation and long-term storage of spent nuclear fuel. SCE has been safely storing spent nuclear fuel on site at SONGS for nearly 50 years. We will continue to store spent nuclear fuel here safely until it is moved off site to a federally licensed facility.”“It should be important to you and certainly to your children and grandchildren,” said Rep. Rouda.The congressmen told reporters that it could take anywhere from about 10 to 30 years to fully remove the waste. 2167

SAN FRANCISCO (AP) — The amount of snow blanketing the Sierra Nevada is even larger than the 2017 snowpack that pulled the state out of a five-year drought, California water officials said.As of Thursday, the snowpack measured 202% of average after a barrage of storms throughout winter and spring, according to the Department of Water Resources.The wet weather has slowed but not stopped, with thunderstorms prompting flash flood warnings Sunday in the central and southern parts of the state.At this time last year, the snowpack measured 6% of average — making this year 33 times bigger than 2018, the San Francisco Chronicle reported.In 2017, the snowpack measured 190% of average.The snowpack supplies about 30 percent of state water needs.In the Tahoe Basin, Squaw Valley ski resort has seen so much snow it plans to keep its slopes open until least July 5. In May alone, Squaw recorded 37 inches (94 centimeters).State officials consider the most important snowpack measurement to be the one taken around April 1 because that's typically when storm activity subsides."And then after that the sun's highest position in the sky contributes to rapid melting. This year, that didn't happen and we had late season snow," National Weather Service forecaster Idamis Del Valle told the newspaper.This year's April 1 reading put the snowpack at 176% of average, making it the fifth-largest on that date, with records going back to 1950, the Chronicle said.___Information from: San Francisco Chronicle, http://www.sfgate.com 1528

SAN JOSE, Calif. (AP) — Fire investigators looking into what caused a wildfire that killed four people in far Northern California have taken possession of equipment belonging to Pacific Gas and Electric. PG&E says in a filing Friday with the Public Utilities Commission that investigators with the California Department of Forestry and Fire Protection seized some of its electrical equipment near where the Zogg Fire started Sept. 27. The fire erupted in Shasta County during high winds and quickly grew, killing four people in the community of Igo, population 600. It later spread to neighboring Tehama County. 623