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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) — A man was arrested after deputies say he fled the scene of a San Marcos crash and was stopped by passersby from leaving a second crash scene.San Diego Sheriff's deputies received a report of a beige Mercedes-Benz traveling at an unsafe speed on northbound Bennett Ave. before is ran off the road and collided with a concrete wall and then a residence at 600 Bennett Ave.The driver, a 26-year-old man, tried to flee the area, but was detained by passerbys until deputies arrived.While deputies were responding to that incident, SDSO says they received another call about a black, male suspect wearing camouflage clothing who had used a hatchet to smash the window of a vehicle at a Stater Brothers Grocery store at 1330 East Mission Rd. The man reportedly fled in a vehicle matching the description of the Mercedes-Benz and struck a gray Audi in the area of Knob Hill Rd., SDSO said. The driver of the Audi, a 61-year-old woman, was not injured. At the scene of the Bennett Ave. crash, paramedic treated the suspect at the scene and he was released. Based on evidence and interviews, deputies determined that the suspect was under the influence of prescription medication and heavily intoxicated at the time of the collision. The man was later arrested for driving under the influence, vandalism, and leaving the scene of an accident.SDSO's traffic division is investigating the crime. 1420

SANTEE, Calif. (KGTV) — Santee voters this November will weigh in on two measures that deal with limits on serving as a City Council member or as Mayor.Measure Q and R each intend to address term limits on City Council and Mayoral positions in the city of Santee, however, they each take a different approach to limit how long someone can serve.The text of Measure Q reads as follows:City of Santee - Measure Q: "Shall the measure amending the Santee Municipal Code to require that no person shall serve as an 'Elected Official,' defined to include the offices of Mayor and Member of the City Council, for more than twelve years, or three terms, whichever is less, with any portion of term, whether by election or appointment, counting as a full term, be adopted?"Measure Q would not allow anyone to serve as either Mayor or a City Council member, or any combination of those positions, for more than 12 years, or three four-year terms, with any portion of a term counting as a full term.The competing measure, Measure R, reads as follows:City of Santee - Measure R: "Shall an ordinance amending the Santee Municipal Code to establish a three-term lifetime limit on City Council service and a separate two-term lifetime limit on Mayoral service, be adopted?"In other words, no one can serve as Mayor for more than two, four-year terms and, separately and in addition, as a City Council member for three, four-year terms, regardless of the district a person represented. For both term limits, a partial term of more than two years, whether held by election or appointment, would be counted as a full term.You can read the full text and arguments for Measure Q here.You can read the full text and arguments for Measure R here. 1732
SAN FRANCISCO (AP) -- The Trump administration says is is cutting 0 million in federal healthcare funding to California because the state requires insurance providers to cover abortions.The U.S. Department of Health and Human Services said Wednesday it will withhold the funding from Medicaid in the new fiscal quarter starting in January, and "if the state does not come into compliance" the department will cut another 0 million per fiscal quarter.Earlier this year, the administration warned California that it could lose federal funding over a 2014 regulation mandating that employers and private insurance plans pay for abortions. 649
SAN FRANCISCO (AP) -- The fearsome NFL pass rusher Fred Dean has died. The death of the former San Francisco 49ers star on Wednesday night was confirmed by the Pro Football Hall of Fame.Ex-teammate Dwight Hicks says Dean was hospitalized last week with the coronavirus and was on a ventilator. Dean was 68 years old.Dean was a key part of the launch of the 49ers' dynasty. He was an undersized pass rusher who began his career as a second-round pick with the San Diego Chargers in 1975 and ended it in the Pro Football Hall of Fame after being named an All-Pro twice and making four Pro Bowls.Dean was an All-Pro for the Chargers in 1980 but had his biggest impact after being traded to San Francisco during the 1981 season.Dean is a member of the Chargers Hall of Fame and was named to the Bolts' 40th and 50th anniversary teams. 838
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