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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 MARCOS, Calif. (KGTV) – A group of San Marcos neighbors say that a homeowner is terrorizing the community with threats and harassment, among other complaints. Neighbors are now banding together to sue him with the hope that he'll pack up and leave. Team 10 investigative reporter Jennifer Kastner discovered that federal agents also seized explosives and ammunition from his house, that he wasn't supposed to have. Homeowner Mark Brody, though, denies all allegations of wrongdoing."You don't have to get along with all your neighbors. You don't have to be friends with all your neighbors, but you also don't have to terrorize them," says neighbor Heidi Hafley.Brody’s home sits behind a prominent security camera and high fences. “[It’s] a fortress,” says James Pyer, one of twelve neighbors who are suing Brody, accusing him in the lawsuit of threats, stalking, trespassing, and so on."This has been a nightmare," adds Hafley. She and Pyer got a restraining order against Brody.Court records show that Brody denies harming the neighborhood, but 10News dug into public records.According to a search warrant from last year, state investigators believed that Brody may have been harboring several weapons, even though he'd been banned from having firearms or ammo because of the restraining order. Agents reportedly found and seized 30 pounds of an explosive called tannerite that had to be turned over to a bomb squad. Additionally, they found four ammunition magazines and two rounds of caliber ammunition.“At one point they put everything in the middle of the street and told us to stand back,” says Hafley.This past May, he pleaded guilty to illegally having ammunition. He was given probation and community service.10News confirmed with the San Marcos Sheriff's Station that deputies have been called out to Brody's home more than 30 times since 2014. One Sheriff's report reveals accusations from neighbors that Brody had been shining a flashlight from his truck into Hafley's bedroom. In another report, neighbors claim he yelled that she was a "[expletive]".“I'm the main target now because I push back and I let him know [that] I'm not going to tolerate this,” she tells us.In fact, Brody tried to get a restraining order against Hafley, but failed.The City of San Marcos confirmed with 10News that there have been a number of code compliance violations issued to Brody.A cease and desist order from the City to Brody includes a photo of an unauthorized traffic control sign that Brody allegedly installed. Neighbors say that he spray painted the street, put in a speed bump and put up notices meant to insult his neighbors. Hafley adds that the signs would state, "'Watch for the cows crossing,’ which he's referencing myself and my neighbor. He would [write], ‘The old bat,” which is my nextdoor neighbor [and he would write], ‘The troll,’ which is me."Brody would not do an interview with 10News. In a court response, he wrote that he categorically denies the allegations and claims to have never acted [violently] towards the neighbors."We don't go out of our houses anymore. Children don't play on the street," says Hafley.She and the eleven others on the new lawsuit against him just want him to move out so they can move on. “I don't want any other neighborhood to go through this," she adds.Each neighbor is asking for at least ,000 in damages. The trial date is scheduled for July. 3414

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 YSIDRO, Calif. (KGTV) - Border Patrol officials in San Diego say they are preparing for the possibility of interactions with 7,000 immigrants seeking asylum at the U.S-Mexico border in San Ysidro.Mexico has already offered asylum to the migrant caravan, officials say. If the group reaches Tijuana, they will be denied entry into the United States.1,300 U.S. military troops are at San Ysidro to support the border mission, but not in a law enforcement role, according to military officials.The Army, Marines, and military police will fill in gaps along the border and erect barriers, creating an infrastructure to make it harder to cross illegally.Border protection officials also told 10News there is no place to put the migrants. During a tour of the San Ysidro Port of Entry Friday, journalists were allowed to tour the holding area but forbidden to take photographs. ICE detention facilities are already at capacity, officials say, and any more additions would push the problem to the breaking point.Anyone who enters the U.S. illegally will be arrested, Border Patrol officials say."We are not going to allow large groups of aliens to come to this county and to enter this country unaddressed,” said Rodney Scott, U.S. Customs and Border Protection.Scott added that if the caravan does visit the U.S., nothing is off the table in terms of stopping them, including a full border shutdown.The military says it views its mission at the border as temporary, and says it plans to be gone by December 15. 1516
SAN YSIDRO, Calif. (KGTV) - Border Patrol officials in San Diego say they are preparing for the possibility of interactions with 7,000 immigrants seeking asylum at the U.S-Mexico border in San Ysidro.Mexico has already offered asylum to the migrant caravan, officials say. If the group reaches Tijuana, they will be denied entry into the United States.1,300 U.S. military troops are at San Ysidro to support the border mission, but not in a law enforcement role, according to military officials.The Army, Marines, and military police will fill in gaps along the border and erect barriers, creating an infrastructure to make it harder to cross illegally.Border protection officials also told 10News there is no place to put the migrants. During a tour of the San Ysidro Port of Entry Friday, journalists were allowed to tour the holding area but forbidden to take photographs. ICE detention facilities are already at capacity, officials say, and any more additions would push the problem to the breaking point.Anyone who enters the U.S. illegally will be arrested, Border Patrol officials say."We are not going to allow large groups of aliens to come to this county and to enter this country unaddressed,” said Rodney Scott, U.S. Customs and Border Protection.Scott added that if the caravan does visit the U.S., nothing is off the table in terms of stopping them, including a full border shutdown.The military says it views its mission at the border as temporary, and says it plans to be gone by December 15. 1516
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