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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

Secretary of State Mike Pompeo will unveil the administration's "Plan B" for countering Iran on Monday, an idea that some critics call a "pipe dream," while others question whether the administration is coming clean on its goals for the country.The plan, administration officials say, is to assemble a global coalition to pressure Iran into negotiations on "a new security architecture" that goes beyond its nuclear program. Pompeo's address, his first major foreign policy speech as secretary, will take place at 9 a.m., ET, at the conservative Heritage Foundation policy group. 587

SAN MARCOS, Calif. (KGTV) -- During this pandemic, maybe a taste of rich and creamy chocolate is the answer to true happiness. Dayleen Coleman, the owner of D'liteful Chocolat in San Marcos, is fortunate enough to spend her days creating with chocolate. Coleman calls working with chocolate an art, but she will be the first to tell you, she's not a chocolate maker, she's a chocolatier."We all have are own little specialties when working with chocolate. It's a way to express yourself. You're taking a product and then you are creating with it," Coleman said.But while she continues to produce delectable chocolates, like truffles and other goodies, the current pandemic has forced her to take a new approach to sell her sweets."I love to teach, and that's been my passion. We had to stop our classes for the longest time. I also work with wineries as well, and it all stopped," Coleman said.While D'liteful Chocolat has continued their online sales, they found one way to create more income by starting a membership club. The thinking is, a little chocolate may create happiness for their customers."People wanted to something to still celebrate," says Coleman. "So that's how we came up with our boxes. We started curating these boxes and decided to start a club. Once a month we can do something creative and be completely different."The best part of these membership boxes is that the customers can choose the chocolates of their choice. 1452

Seeking to fulfill his longstanding promise to lower drug prices, President Donald Trump laid out his vision for increasing competition, reducing regulations and changing the incentives for all players in the pharmaceutical industry.During a speech Friday, the president promised that his administration's actions would reduce what consumers pay at the pharmacy and would end the abuse in the system that leads to high drug prices. He blasted drug makers, health insurers, pharmacy benefit managers and others for profiting off American patients."We are going to take on the tangled web of special interests ... the drug lobby is making an absolute fortune at the expense of American patients," Trump said.The administration also released a 44-page blueprint of the plan, entitled American Patients First. 813

SAN YSIDRO, Calif. (KGTV) -- The new Mexican president is hoping a new deal with three Central American leaders will stop or slow the flow of migrants seeking asylum in the United States. Andres Manuel Lopez-Obrador signed the new deal within hours of taking office. The deal with Guatemala, El Salvador, and Honduras, promises to create a fund that would fight poverty, create jobs and make sure migrants feel safe in their home countries. It will also create a re-integration program for those traveling with the caravan who wish to go back.University of San Diego professor, Ev Meade, says this deal looks good on paper but no one will know for sure until more specifics are released. Professor Meade has been traveling to Tijuana to meet and speak with the migrants. He says most leave because of instability. "What I hear from a lot of people is indirect effects of violence, so it's someone that might say I can't afford to feed my family but when you start asking them questions about what they do, the business that they worked for, why they were laid off, the violence is always there. It might be one degree, two degrees, three degrees of separation but the violence is always there," says Meade. It is still unclear how much funding will go towards those Central American countries but Meade says it will be years before we see the effects of the deal. "This kind of progress, when you talk about big structural issues, doesn't happen in a month, or three months or a year, I mean, it takes time," says Meade. 1528