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Sears has won some more time to save itself. But not a lot more time.At a bankruptcy court hearing Thursday, Judge Robert Drain approved Sears' plan to auction off about 500 stores. The auction is central to the company's mission to remain in business. Sears intends to use funds from the sale for its operations, and it will pay rent to the stores' buyers so they can stay open.A committee of Sears' creditors had objected to the plan and argued that the company should immediately start the process of going out of business to limit its ongoing losses.Judge Drain said he will hold another hearing a week before Christmas to consider whether to go ahead with Sears' effort to stay in business or start the process to close all its remaining stores. Drain said it wasn't realistic to start a liquidation process immediately."You can't do a GOB [going out of business] plan for a company this big by snapping your fingers," he said. "Let's come back to court [in December] and see what the lay of the land is."Sears' attorneys conceded was a chance the company might not be able to survive."We recognize we have a tough path ahead of us to save the company," said Sears attorney Ray Schrock. "We're not blind to that fact."Schrock said the upcoming holiday shopping season is a crucial period for Sears, and the company believes it will at least be able to break even in the fourth quarter.The creditors' attorney expressed doubts that the company will be able to stay in business. But he said they could live with waiting until December for a decision on Sears' future.Sears also disclosed in a filing late Wednesday that it has arranged for an additional 0 million loan to fund operations during the bankruptcy process. That loan is a crucial component of the company's ability to stay in business, according to a filing the company made on the first day of the bankruptcy process, but it has taken a month to lock-up the funding.The loan is from Great American Capital Partners, rather than ESL, the hedge fund controlled by Sears Chairman Eddie Lampert. When Sears first filed for bankruptcy, it said that it anticipated the loan would come from ESL, but creditors have objected to a the series of insider deals between Sears and Lampert. 2303
SAN MARCOS, Calif. (KGTV) - Bedbugs, the bane of many homeowners, were discovered lurking inside several San Diego County buildings last week.10News was tipped off to a bedbug infestation at a county building: the Agricultural Weights and Measures building in San Marcos.The county confirmed to 10News, bedbugs were found there and another building from the same department in Kearny Mesa. As for how it happened, a county spokesperson revealed only that an employee is the cause and public areas were not affected.Workers from the Agricultural Weights and Measures Department, which provides pest control for the county, have laid traps, monitored for bed bugs, and moved employees to a separate area.Garrett Thrasher is Vice President of Thrasher Pest Control. He says the typical plan of attack could also involve K9 alerting, vacuuming, steam cleaning and sometimes chemical treatments."From there, it's weekly checks to make sure there is no new activity or complaint," said Thrasher.Thrasher says bedbug calls have been increasing over the last few months and are slightly up from the same time last year. 1161
SAN FRANCISCO (AP) -- San Francisco police will stop responding to neighbor disputes, reports on homeless people, school discipline interventions and other non-criminal activities as part of a police reform plan announced Thursday.Mayor London Breed said officers would be replaced on non-violent calls by trained and unarmed professionals to limit unnecessary confrontation between the police department and the community.Breed said the city will develop the plan over the next year and follow models like the Cahoots program in the western Oregon city of Eugene.That community-based crisis program employs social workers and mental health workers to respond to disturbances where crimes are not being committed. 721
SAN MARCOS, Calif. (KGTV) - A SWAT team was called to a San Marcos apartment complex Tuesday morning after a man suspected in a stabbing incident barricaded himself in an apartment unit.San Diego County Sheriff’s Department officials said deputies were called to an apartment complex in the 200 block of Knoll Road shortly before 2:30 a.m. in response to an argument that escalated into a stabbing.According to sheriff’s officials, deputies arrived to find a 49-year-old man with multiple stab wounds. The victim was taken to the hospital for treatment of non-life threatening injuries.Officials did not immediately release additional details on the altercation.Responding deputies spotted a man believed to have been involved in the stabbing and attempted to make contact with him, but he ran into an apartment unit and barricaded himself.A SWAT unit surrounded the complex after the man refused to come out.At around 8:30 a.m., sheriff's officials said the man surrendered without incident and was taken into custody. He was booked into the Vista Detention Facility for attempted murder, officials confirmed.Late Tuesday afternoon, sheriff's officials identified the suspect as 20-year-old Saul Resendiz Jr., the victim's son. 1236
SAN YSIDRO, Calif. (KGTV) -- Four juveniles were taken into custody early Wednesday morning after police said they sprayed a 7-Eleven clerk with a fire extinguisher and then proceeded to steal several items from the store.San Diego police said the incident happened at around 3:30 a.m. at a store on Cottonwood Road, near San Ysidro Boulevard, in San Ysidro.According to police, four juveniles entered the store and sprayed the clerk with a fire extinguisher before grabbing items such as alcohol and food.Officers responding to the incident spotted the group and pursued them on foot. The juveniles were eventually caught and taken into custody.Officers recovered the fire extinguisher and some of the items that were taken down the street from the store. 764