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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
SANTA ANA, Calif. (AP) — In the latest move to change place names in light of U.S. racial history, leaders of Orange County’s Democratic Party are pushing to drop film legend John Wayne’s name, statue and other likenesses from the county’s airport because of his racist and bigoted comments.The Los Angeles Times reports that earlier this week, officials passed an emergency resolution condemning Wayne’s “racist and bigoted statements” made in a 1971 interview and are calling on the Orange County Board of Supervisors to drop his name, statue and other likenesses from the international airport.In the Playboy magazine interview, Wayne makes bigoted statements against Black people, Native Americans and the LGBTQ community. 734

SANTA BARBARA, Calif. (KGTV) -- A fast-moving fire broke out in the mountains near Santa Barbara late Monday afternoon. According to KEYT, the blaze, named the Cave Fire, sparked around 4:15 p.m. along Highway 154 and East Camino Cielo. By 5 p.m., the fire had burned 15 acres. That number quickly grew to 2,500 acres by 7:54 p.m., The Tribune reports. RELATED: San Diegans urged to prepare for wildfiresResources from Venture County are being sent to help fight the flames, including 10 engines and two strike teams. The blaze also forced evacuations in surrounding communities. Click here for the latest information on evacuations. 642
SAN YSIDRO, Calif. (KGTV) -- The San Ysidro School District named a new superintendent Thursday night. Gina Potter has been named the 9th San Ysidro School Superintendent in the last five years.In 2013, Manuel Paul resigned on corruption charges. He pleaded guilty two years later and was sentenced to two months in federal prison.The district hasn’t had a permanent superintendent since September when Julio Fonseca resigned amid allegations of financial wrongdoing.Jose Arturo Sanchez-Macias then stepped in but stepped down two months later following questions regarding payments to himself and his predecessor.Parents and teachers in the district say they want results to create a stronger learning environment they say students deserve. 749
SAN ONOFRE (CNS) - Two separate vehicle collisions along the southbound San Diego (5) Freeway today near the San Onofre Nuclear Plant, with possible injuries, were under investigation, authorities said.The California Highway Patrol was first alerted of a non-injury crash at 1:10 a.m., a dispatcher at the CHP's Border Communications Center confirmed.Later, officers learned that a more serious collision occurred, the dispatcher confirmed.The Camp Pendleton Fire Department was called to respond, but the extent of any injuries was unclear. 549
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