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Sears has won some more time to save itself. But not a lot more time.At a bankruptcy court hearing Thursday, Judge Robert Drain approved Sears' plan to auction off about 500 stores. The auction is central to the company's mission to remain in business. Sears intends to use funds from the sale for its operations, and it will pay rent to the stores' buyers so they can stay open.A committee of Sears' creditors had objected to the plan and argued that the company should immediately start the process of going out of business to limit its ongoing losses.Judge Drain said he will hold another hearing a week before Christmas to consider whether to go ahead with Sears' effort to stay in business or start the process to close all its remaining stores. Drain said it wasn't realistic to start a liquidation process immediately."You can't do a GOB [going out of business] plan for a company this big by snapping your fingers," he said. "Let's come back to court [in December] and see what the lay of the land is."Sears' attorneys conceded was a chance the company might not be able to survive."We recognize we have a tough path ahead of us to save the company," said Sears attorney Ray Schrock. "We're not blind to that fact."Schrock said the upcoming holiday shopping season is a crucial period for Sears, and the company believes it will at least be able to break even in the fourth quarter.The creditors' attorney expressed doubts that the company will be able to stay in business. But he said they could live with waiting until December for a decision on Sears' future.Sears also disclosed in a filing late Wednesday that it has arranged for an additional 0 million loan to fund operations during the bankruptcy process. That loan is a crucial component of the company's ability to stay in business, according to a filing the company made on the first day of the bankruptcy process, but it has taken a month to lock-up the funding.The loan is from Great American Capital Partners, rather than ESL, the hedge fund controlled by Sears Chairman Eddie Lampert. When Sears first filed for bankruptcy, it said that it anticipated the loan would come from ESL, but creditors have objected to a the series of insider deals between Sears and Lampert. 2303

SAN RAMON, Calif. (AP) — Business software pioneer Salesforce.com is buying work-chatting service Slack for .7 billion in a deal aimed at giving the two companies a better shot at competing against one of the industry's longtime powerhouses. The acquisition announced Tuesday is by far the largest in the 21-year history of Salesforce, a San Francisco company that was one of the first to begin selling software as a subscription service that could be used on any internet-connected device instead of the more cumbersome process of installing the programs on individual computers.According to the Associated Press, Salesforce purchased data analytics specialist Tableau Software for .7 billion last year.The company’s current market value is 0 billion, the AP reported.The AP reported that both companies are located about a block away from each other in San Francisco. 886

SEATTLE, Wash. – Amazon is bringing its Prime Day back this October.The company says the two-day shopping event will now start at midnight PT on Tuesday, Oct. 13 and run through Wednesday, Oct. 14. It’s the first time the event is being held in the fall.Originally, the online event was scheduled for July, but it was postponed due to the ongoing COVID-19 pandemic. With the event later in the year, Amazon hopes it will help Americans prepare for the holidays.During the online event, Amazon says its Prime members can take advantage of “incredible” savings and “deep” discounts on over 1 million deals across many categories.Members can shop deals and top products for the holiday season, including toys, TVs, electronics, fashion, beauty, kitchen, home and Amazon devices. And, some deals are being offered leading up to the event.Amazon has also announced a promotion to support its small business selling partners. Starting Monday through Oct. 12, Prime members can receive a credit to use on Prime Day when they spend on items sold by select small businesses in Amazon’s store.Additionally, Amazon says it’s spending more than 0 million on new promotional activities to help small businesses around the world increase their sales and reach customers.“In the midst of an unprecedented year, we’re committed to making this the most successful Prime Day ever for our small businesses and excited for Prime members worldwide to discover new ways to support local entrepreneurs and save big on everything they need and love,” said Jeff Wilke, Amazon CEO Worldwide Consumer. “This year’s Prime Day is the perfect opportunity for Prime members to get their holiday shopping done early from the comfort of their homes – and to have more time to spend with their families and friends throughout the season.”If you’re not a Prime member, you can join or start a 30-day free trial here to participate in Prime Day. 1928

SANTA ANA, Calif. (AP) -- A surfer was found dead face down in the water at Upper Trestles at San Onofre State Beach in San Diego County.The Orange County Register reports South Sector Superintendent for State Parks Rich Haydon says the man, described as middle age, was seen struggling Saturday as he paddled out into the surf at the break just south of San Clemente's border.It's unclear if the man was struggling because of the surf conditions or because of health issues.Nearby surfers then noticed the man face down in the water.Camp Pendleton Fire Department responded and continued attempting CPR before declaring the man dead at the scene.The San Diego County Medical Examiner had not released the man's name as of Monday morning. 746

SAN YSIDRO (KGTV) - Two people were critically injured in a car crash Sunday night after a driver sped through the Port of Entry. The crash happened around 10:15 p.m. on Dairy Mart Road near Interstate 5. According to police, a driver in a Chevrolet Silverado drove through the port of entry without stopping before crashing head-on into a Mitsubishi Lancer. One person was in the truck and another in the car at the time of the crash. Both were critically injured. The California Highway Patrol later confirmed to 10News that the driver of the truck is suspected of driving under the influence. 604