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NEW YORK (AP and KGTV) — Sears is closing 80 more stores, including six locations in San Diego, as it teeters on the brink of liquidation.The iconic retailer, once the nation's largest department store chain, set a deadline of Friday for bids for its remaining stores to avert closing down completely.Sears has not received any bids as of Friday afternoon.The retailer that began out as a mail order catalog in the 1880s has been in a slow death spiral, hobbled by the Great Recession and then overwhelmed by rivals both down the street and across the internet.The 80 stores are due to close by March. That's in addition to 182 stores already slated for closure, including 142 by the end of 2108 and 40 by February. The company filed for Chapter 11 bankruptcy protection in October , saying at the time it would close more than 20 percent of all stores, keeping open only its 500 most profitable locations.Sears Holdings Corp., which also runs Kmart, joins the list of retail brands taken over by hedge funds that collapsed under the weight of debt forced upon them.Under hedge fund manager Eddie Lampert, Sears has bought time by spinning off stores and putting on the block the brands that had grown synonymous with the company, such as Craftsman. The company's chairman and biggest shareholder, Lampert loaned out his own money and put together deals to keep the company afloat and to turn whatever profit he could for ESL hedge fund. Lampert and ESL have been trying to buy the rest of Sears for up to .6 billion in cash and stock.But no official bid appeared to have emerged as of 4 p.m. E.T. Friday. Sears declined to comment. 1642
NEW: Biden Campaign Manager Jen O’Malley Dillon says, “The president’s statement tonight about trying to shut down the counting of duly cast ballots was outrageous, unprecedented, and incorrect.” pic.twitter.com/dysSKDtk1c— Yamiche Alcindor (@Yamiche) November 4, 2020 276
NEW YORK CITY — Mayor Bill de Blaiso suggested that the snow day as we know it may be gone due to remote learning, as the city prepares for what could be it's biggest snow storm in years. The mayor announced that all schools, including in-person learning, would be open Wednesday. The mayor cited expectations that the storm will not begin to hit New York City until 4 p.m. School buses will also be in use. "School will be in session Wednesday," de Blasio said. "We do not expect the snow to even begin until school is complete tomorrow." On Thursday, there will be classes one way or the other. While the decision has not yet been made on in-person learning, all students will have the option of remote learning for Thursday regardless of how much snow the area gets.De Blasio suggested parents have an alternative ready for Thursday. "We're going to be assessing the storm as it arrives, we will be making a decision as we get more information." De Blasio suggested they may have the information they need to make a decision by 6 p.m. Wednesday. The city is under a winter storm watch for late Wednesday into Thursday. This article was written by Stephen M. Lepore for WPIX. 1186
NEW YORK (AP) — President Donald Trump's niece has followed up her best selling tell-all book with a lawsuit alleging that Trump and two of his siblings cheated her out of tens of millions of dollars.The lawsuit in Manhattan State Supreme Court Thursday sought unspecified compensatory and punitive damages.It alleges that Trump conspired with a sister and a brother to portray themselves to Mary Trump as protectors while they instead took her share of minority interests in the family business."Fraud was not just the family business, it was a way of life," the court documents stated.Mary Trump inherited the interests when her father, Fred Trump Jr., died in 1981."Rather than protect Mary’s interests, they designed and carried out a complex scheme to siphon funds away from her interests, conceal their grift, and deceive her about the true value of what she had inherited," the lawsuit stated.Messages seeking comment were left with the Justice Department, lawyers for Trump, his sister, and a lawyer for his late brother.At a briefing, White House spokesperson Kayleigh McEnany rejected the lawsuit's claims.Mary is seeking more than 0,000 in compensatory damages as well as punitive damages.You can read the full lawsuit below: Trump's niece files suit saying family cheated her of millions by Sarah Dewberry on Scribd 1340
NEW YORK (AP) — The owner of Eskimo Pie is changing its name and marketing of the nearly century-old chocolate-covered ice cream bar. It is the latest brand to reckon with racially charged logos and marketing.The treat was patented by Christian Kent Nelson of Ohio and his business partner Russell C. Stover in 1922, according to Smithsonian Magazine. Eskimo Pie joins a growing list of brands that are rethinking their marketing in the wake of the Black Lives Matter protests in recent weeks triggered by the death of George Floyd. Quaker Oats announced Wednesday that it will retire the Aunt Jemima brand, saying the company recognizes the character's origins are "based on a racial stereotype." 705
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