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Sears is getting serious about selling Kenmore.The struggling retailer announced Monday that it had formed a "special committee" to explore the sale of its in-house appliance brand.The move comes less than a month after Sears CEO Eddie Lampert wrote a letter to the board urging it to sell the brand. He offered to buy it himself if necessary, along with other assets.There is a good chance that Lampert will be the one buying Kenmore.Through his hedge fund, ESL Investments, Lampert owns a majority of shares in Sears Holding, the company that owns the Sears and Kmart chains.Sears has been exploring a possible sale of Kenmore and other assets for a number of years but never found a buyer. But this week it escalated its efforts by forming the "special committee," retaining counsel and bringing on an investment bank.The announcement was enough to briefly lift Sears shares 19% in early trading Monday, before they retreated to more modest gains of about 6%.Shares are still near historic lows. The retailer has admitted "substantial doubts" exist that it will be able to remain in business.Lampert has insisted that the company is on a path to return to profitability. But it is in need of cash and has been closing stores, cutting costs and getting creditors to agree to a longer repayment schedule on its debt. Because of that delayed repayment schedule, Sears was judged to be in default of some of its loans earlier this year.In early 2017 Sears sold its Craftsman tool brand to Stanley Black & Decker in a deal valued at 0 million. The Craftsman tools went on sale at rival Lowe's for the first time Monday.The board says it is looking at selling other assets, including its parts business and home services businesses, both of which Lampert has expressed interest in buying. 1806
SAN JUAN, Puerto Rico — Isaias snapped trees and knocked out power while blowing through the Bahamas on Saturday.The storm made landfall over Grand Bahama Island on Saturday. The Bahamas are still attempting to rebuild from Hurricane Dorian in 2019, a storm that killed dozens and caused heavy damage to the island chain. The storm will then head toward the Florida coast, where officials have closed beaches, parks and coronavirus testing sites.As of the 11 a.m. Sunday advisory from the National Hurricane Center, Isaias was packing maximum sustained winds of 65 mph and was moving north-northwest at 8 mph.Florida authorities say they've prepared shelters, but so far don't expect to have to evacuate people. Gov. Ron DeSantis says the most important thing now is to "remain vigilant.” The U.S. National Hurricane Center says the maximum sustained winds weakened slightly to 80 miles per hour Saturday morning as it moved toward the Florida coast.Current NOAA forecasts show that Isaias could make landfall near Florida's east coast on Sunday. Current models show the storm traveling up the Eastern Seaboard, brining heavy rains and winds to coastal areas of Georgia, South Carolina and North Carolina by early next week. 1232
SAN JOSE, Calif. – A woman was caught on video intentionally coughing on a baby at a California yogurt shop after getting into an argument with the child’s mother.The San Jose Police Department is asking for the public’s help in identifying the woman, who they call an “assault suspect.”Police say the adult female suspect was standing in line inside a Yogurtland in front of the mother and her 1-year-old child, who was in a stroller.A preliminary investigation revealed the suspect was upset the mother was not maintaining proper social distancing, so she removed her face mask, got close to the baby’s face, and coughed two to three times, according to police.Video then shows the suspect leaving the business. She has not yet been identified or apprehended. 769
SAN MARCOS (CNS) - A motorist was killed in a multi-vehicle crash this morning involving a semi truck on state Route 78 in San Marcos and another motorist suffered major injuries in a rollover crash around four-and-a-half hours later on the opposite side of the highway, authorities said.A semi truck was reportedly disabled around 12:15 a.m. in the left lane of eastbound state Route 78 west of Twin Oaks Valley Road, according to a California Highway Patrol incident log.At 12:55 a.m., someone told dispatchers that a vehicle crashed into the back of the semi truck and the vehicle was totaled.The driver of the Honda CRV that struck the semi truck was killed in the crash, CHP Officer Tommy Doerr said.CHECK 10NEWS TRAFFIC MAPAt 5:35 a.m., a crash between a Ford pickup and two other vehicles on westbound SR-78 west of Twin Oaks Valley Road caused the pickup to overturn and land on its roof, Doerr said. The Ford driver was taken to Palomar Medical Center with major injuries.No details about the victims were immediately available.All lanes of eastbound SR-78 west of Twin Oaks Valley Road were closed following the first crash, but were re-opened by 6 a.m., Doerr said.The left lane of westbound SR-78 west of Twin Oaks Valley Road was closed following the second crash, but it was re-opened around 6:25 a.m., he said.CHP officers were investigating the circumstances leading up to both crashes. 1410
SAN YSIDRO, Calif. (KGTV) - Customs and Border Protection closed three lanes of traffic heading into the United States from Mexico Tuesday morning.In a statement, CBP said it was “to install and pre-position port hardening infrastructure equipment in preparation for the migrant caravan.”One lane of traffic was also closed at the Otay Mesa port of entry.It comes as active-duty troops have been working to add barricades and fencing as part of “Operation Secure Line.”On Tuesday, troops could be seen moving barriers covered with barbed wire along the border, periodically closing the southbound lanes into Mexico.In their statement, CBP officials warned “persons traveling northbound to the U.S. anticipate possible increased wait times because of the lane closures.”Even before the lanes were closed, wait times of six to seven hours had been reported at peak times in the standard lanes. Part of that was due to traffic control by authorities on the Mexican side.Travel as a pedestrian, however, has not appeared to be affected.Rebecca Fodor walked across Tuesday night and said it only took a few minutes. She said she did notice armed troops in camouflage uniforms.“It didn’t really change anything. I think they were just watching for anything suspicious,” she said.The lane closures will remain in effect indefinitely. CBP says reopening “is not anticipated to take place until sometime after people in the caravan arrive to the border.” 1469