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 Sears is seeking court approval to pay executives as much as million in quarterly bonuses while the company struggles to restructure in bankruptcy.Three top executives could get nearly million each if the company goes out of business. If Sears remains in business, they could get nearly 0,000 each for hitting the top performance targets.Sears filed two different types of bonus plans in bankruptcy court?Thursday. The first is for the top 18 "key" executives, who would collectively get as much as .1 million per quarter. The bonuses would only be paid in full if Sears reaches its cash-flow targets. Sears Holdings, which includes both Sears and Kmart, has been burning through cash at a rate of about 5 million a month.A second retention bonus plan was designed to encourage 322 other unnamed executives to stay put during Sears' reorganization. They would collectively get .9 million a quarter, which works out to an average of about ,000 per quarter per executive. No executive could receive more the 0,000 in bonuses for staying with the company during the bankruptcy process.A judge's approval is needed before the bonuses could be paid. A hearing on the plans is set for December 20.The company wants to retain as many executives as it can, but Sears is laying off employees who staffed?hundreds of stores it is closing. Many hourly workers claim they will not be paid severance.Shelia Brewer, who worked for 17 years as a full-time hourly employee at a Kmart in Rockford Illinois, said the company told her she'd get eight weeks of severance. Instead, she received a letter saying that severance payments were being halted because of the bankruptcy, and she would get only the four weeks of pay she had already received."It hit me hard. I was already struggling as it was," she said. She said the bonus plan makes her angry."They say we can't get our severance because there's no money, but they're getting bonuses? It's like a slap in the face," she said.A Sears spokesman declined to comment on the bonus plan or its current severance policy.Eddie Lampert, the company's primary shareholder and chairman, apparently will not receive a bonus, according to the filing.The three top executives who were given the responsibility for running the company during its reorganization are in position for the largest bonuses. They are Chief Financial Officer Robert Riecker, Chief Digital Officer Leena Munjal and Gregory Ladley, president of the company's clothing and footwear business.Each could receive as much as 0,000 a quarter in bonus payments for hitting the maximum cash flow targets. They could receive four times that much if Sears goes out of business, in something the company called an "acceleration event."Retention bonuses for top executives are not unusual when companies go bankrupt. But bankruptcy law limits how much severance companies can pay.Toys "R" Us won approval for up to million in bonuses for 17 top executives a year ago during its failed attempt to stay in business, despite objections from employees groups and others."It's outrageous that the bankruptcy court is considering bonuses for Sears' high paid executives while laid off employees get their severance pay cut off," said Carrie Gleason, campaign manager for Rise Up Retail, a retail employee advocacy group. "This is exactly what happened at Toys 'R' Us. A handful of executives who couldn't save the company got millions in bonuses while tens of thousands of dedicated employees were denied their promised severance pay." 3581

"Mr. Latson made a grave error in judgment in the verbiage he wrote... In addition to being offensive, the principal's statement is not supported by either the School District Administration or the School Board." 220

(AP) -- Starbucks is adding plant-based meat to its U.S. menu for the first time.The Seattle-based coffee chain says a breakfast sandwich made with imitation sausage from California-based Impossible Foods is now available at a majority of its U.S. restaurants. The sandwich comes with egg and cheese and is served on a ciabatta bun.Starbucks said earlier this year it would add plant-based meat to its menus worldwide as part of an effort to reduce its environmental impact.In April, it began selling lasagna, pasta and wraps made with Beyond Meat crumbles in China. It also introduced a Beyond Meat breakfast sandwich in Canada in February. 649

(CNN) -- Drone strikes on Saudi Arabian oil facilities have disrupted about half of the kingdom's oil capacity, or 5% of the daily global oil supply, people with knowledge of Saudi's oil operations told CNN Business.Yemen's Houthi rebels on Saturday took responsibility for the attacks, saying 10 drones targeted state-owned Saudi Aramco oil facilities in Abqaiq and Khurais, according to the Houthi-run Al-Masirah news agency.Five million barrels per day of crude production have been impacted after fires raged at the sites, one of them the world's largest oil production facility, people with knowledge of the kingdom's operations said. The latest OPEC figures from August 2019 put the total Saudi production at 9.8 million barrels per day.A source told CNN Business that Aramco "hopes to have that capacity restored within days."The Saudi interior ministry confirmed the drone attacks caused fires at the two facilities. In a statement posted on Twitter, the ministry said the fires were under control and that authorities were investigating."Abqaiq is perhaps the most critical facility in the world for oil supply. Oil prices will jump on this attack," Jason Bordoff, founding director of the Center on Global Energy Policy at Columbia University, said in a statement.The development comes as Saudi Aramco takes steps to go public in what could be the world's biggest IPO. Aramco attracted huge interest with its debut international bond sale in April. It commissioned an independent audit of the kingdom's oil reserves and has started publishing earnings. Over the past two weeks, the kingdom has replaced its energy minister and the chairman of Aramco.Saudi Arabia, the world's largest oil exporter, has cut back on production of crude and other energy products as part of an OPEC effort to boost prices. Saudi Arabia produces approximately 10% of the total global supply of 100 million barrels per day.The International Energy Agency said on Saturday it was monitoring the situation in Saudi Arabia. "We are in contact with Saudi authorities as well as major producer and consumer nations. For now, markets are well supplied with ample commercial stocks," it said on Twitter.If the disruption in Saudi Arabia is prolonged, "sanctioned Iran supplies are another source of potential additional oil," Bordoff said. "But [US President Donald]Trump has already shown he is willing to pursue a maximum pressure campaign even when oil prices spike. If anything, the risk of tit-for-tat regional escalation that pushes oil prices even higher has gone up significantly."Oil prices fell on Friday, with Brent crude, the global price benchmark slipping 0.3% to close at .22 per barrel. 2694

(CNN) - A Japanese man died on board a flight from Mexico City to Tokyo with 246 packets of cocaine in his stomach.Identified only as Udo N., the 42-year-old passenger flew from Bogota, Colombia, to the Mexican capital, where he transferred to a flight to Narita airport, Tokyo, according to a statement from the prosecutor's office for the Mexican state of Sonora."Crew noticed a person suffering convulsions and requested to make an emergency landing in Hermosillo, Sonora," reads the statement.At 2.25 a.m. local time (5.25 a.m. ET) on May 24, paramedics boarded the plane and found the passenger had died.An autopsy revealed that Udo N. died from a cerebral edema caused by an overdose, according to the statement.There were 246 plastic packets of cocaine in his stomach and intestines, measuring 1 by 2.5 centimeters each.After his body was removed from the plane the flight continued its journey to Japan with 198 passengers on board.Swallowing packets of drugs is a common way that smugglers try to move illicit substances from country to country.In September 2016 a 48-year-old Australian man was caught with 1.1 kilograms (2.4 pounds) of cocaine in his stomach at Sydney Airport, Australia.The man, who lives in Thailand, had passed a baggage examination when he told police he had ingested a large number of packets filled with cocaine. 1354