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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 (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 YORK — Author Joanna Cole, whose “Magic School Bus” books transported millions of young people on extraordinary and educational adventures, has died at age 75. Scholastic says Cole, a resident of Sioux City, Iowa, died Sunday. With the ever maddening but inspired Ms. Frizzle leading her students on journeys that explored everything from the solar system to underwater, “Magic School Bus” books have sold tens of millions of copies and were the basis for a popular animated TV series and a Netflix series. Ms. Frizzle was based in part on a teacher Cole had growing up. Plans for a live-action movie, with Elizabeth Banks as Ms. Frizzle, were recently announced. 675
Netflix users are being warned about an email scam targeting the company's millions of subscribers.According to ABC News, the scam threatens to suspend their accounts if they don't update their billing information.The email will ask readers to click a link, leading them to a fake Netflix page and asking them to enter their private information, an Australian cyber security firm said. 393
NEWPORT BEACH, Calif. (AP) — Workers were cleaning up after high tides caused a 40-foot sailboat to capsize and also flooded the streets of Newport Beach late Friday, causing a traffic jam that kept vehicles from leaving the Balboa Peninsula for hours. The Orange County Register reported that eight bulldozers are dedicated to building back a sandy berm before high waters return Saturday night. Like many other Southern California beaches, the beach is closed to discourage crowds this holiday weekend. People managed to get off the sailboat before it capsized and turned into wreckage. 596
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