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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) — After a series of delays, a project to revamp a stretch of Otay Mesa Road near San Ysidro High School is nearing completion.The city says it expects to reopen the half-mile portion of the road, from Hawken Drive to Saltaire Place, by the second week of May. The stretch of road has been closed since 2016, cutting off access to San Ysidro High School and the 905 freeway for residents of the Remington Hills neighborhood."You either hit all the stoplights going all the way out over to Picador (Blvd), or you have to go all the way around through San Ysidro, 805 to the 905," said Benjamin Bribiesca, who says the detour adds upwards of 15 to 20 minutes to his daily commute to his job in Eastlake.The city says some of the final work to be done includes grading, repaving, adding anti-graffiti materials, re-vegetation and some sidewalk improvements. The .5 million project also added a protected sidewalk for San Ysidro High School students, who for more than a decade had been walking on a dirt path close to cars passing on the winding road.The project was delayed more than a year due to the addition of a water line, relocation of utilities, poor soil conditions, unseasonably rainy winters, and an April to July moratorium due to cooper's hawk nesting season. 1306

SAN RAMON, Calif. (AP) — Pacific Gas and Electric is promising regulators that it has learned from its mishandling of deliberate blackouts and won't disrupt as many people’s lives during the pandemic this year. The utility again expects to rely on outages to prevent its outdated grid from starting deadly fires. The contrite pledge came Thursday during a California Public Utilities Commission hearing. PG&E's chief regulator is trying to avoid a repeat of last autumn's bungled blackouts that inconvenienced and infuriated more than 2 million Northern Californians. A PG&E executive predicted this year's expected blackouts will affect far fewer customers and won't last nearly as long. 704

SAN MARCOS, Calif. — A report of a man shooting his wife at their North San Diego County home Tuesday may have been a swatting call, San Diego County Sheriff’s Deputies said.Deputies got a call indicating a man had opened fire on his wife at a home near San Elijo Park in San Marcos about 2:30 p.m. local time on Wednesday.Investigators surrounded the home, breaking down the door with guns drawn. They found the man unarmed on the balcony. No victim was in the home. Several schools were temporarily placed on lockdown. The man’s wife later arrived at the scene, unaware of the situation. The woman, who did not want to be identified, said she and her husband are gamers with millions of followers. "People always have an opinion and they may not like what you do or say and sometimes it’s taken to an extreme when they call the cops on you," said the man's wife. The wife said her husband had no idea deputies had entered the home until he heard shouting. He usually wears a headset while he's playing. "He heard 'this is the police' ... he took his headset off and he came downstairs, and he saw guns being pointed at him. He wanted to show his hands because he was afraid to get shot," she said. The call made to deputies was traced back to a doctor’s office in Michigan, according to the San Diego County Sheriff’s Department. Deputies confirmed the call was a hoax.Swatting is the practice of making a hoax call about a crime to draw law enforcement officers to a specific location.The San Marcos man said he had been playing an online game when the incident happened.This story has been updated from the initial Sheriff's Department report that a woman had been shot at the home.  1755

SATURDAY TRAVELERS: The Terminal 2 East entrance on W. Harbor Drive is temporarily closed after a vehicle struck a fire hydant. Use Terminal 1 entrance. ALSO, all concessions in Terminal 2 East are temporarily closed. We apologize for any inconvenience. Stay tuned for updates.— San Diego Airport (@SanDiegoAirport) September 7, 2019 348

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