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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 killed after their pickup truck crashed into a brick wall early Wednesday morning.At about 2:56 a.m., a black Dodge Dakota pickup truck veered off of N. Las Posas Road, south of the intersection of Avenida Azul, crashed into a brick wall in the center median, the San Diego Sheriff's Department said.SDSO investigators say it's unclear why the vehicle left the roadway.The 68-year-old male driver, who was the only person in the truck, was pronounced deceased at the scene.It's unclear if alcohol or drugs were a factor. 566
SANTA ANA, Calif. (CNS) -- With coronavirus cases spiking and several cities already opting to close their coastlines for the Fourth of July holiday, Orange County officials have announced that beaches will be closed on Saturday and Sunday.County CEO Frank Kim said the decision was made to align with most major cities along the coast, and out of concern that with indoor dine-in restaurants and bars closed the county's beaches would be more overrun than usual during the holiday weekend.County-operated beaches affected by the order are Aliso, Carmel Point, Table Rock, Thousand Steps, Treasure Island and West Street in Laguna Beach as well as Capistrano, Sal Creek, Baby and Strand in Dana Point and Poche in San Clemente and Bayside in Newport Beach.Gov. Gavin Newsom announced Wednesday that state beaches would also be closed in counties that close their coastline. Doheny, one of the more popular coastal points in the county, is a state beach in Dana Point.Kim said any time large groups of people congregate there is a risk of spreading the virus, but, "We believe there is a much lower risk in outdoor settings."Newport Beach, Laguna Beach, Huntington Beach and Seal Beach had already announced plans to close beaches for the holiday in light of spiking numbers of COVID-19 cases.San Clemente will be under a soft closure with only parking lot closures through the holiday weekend starting on Friday and continuing through Sunday, but Mayor Pro Tem Laura Ferguson said she does not wish to close the beaches.In Newport Beach, the decision to close beaches from 10 p.m. Friday to 6 a.m. Sunday followed news that two seasonal lifeguards in the city had tested positive for the coronavirus, and nearly two dozen others were placed in quarantine.Mayor Will O'Neill said some of the other lifeguards were showing symptoms. He noted the fastest growing demographic of infected patients are in their 20s and 30s."They're going to bars, going to house parties, not doing a great job of social distancing," O'Neill said, adding that he hopes they will now "take this seriously" as officials have to retreat on business and beach activity."I cannot in good conscience add more onto our lifeguards," he said. "We just can't responsibly ask our lifeguards to do more with less."O'Neill also implored beachgoers to stay away during the holiday weekend."Don't make our lifeguards and police chase you off," he said. "This is a hard enough year... This is a time we step up to where we need to be."The Huntington Beach City Council voted in an emergency meeting Wednesday night to close all city beaches, Huntington Harbor beaches, Sunset Beach and the Pier on July 4.Seal Beach's City Council voted to close its beaches and parking lots from 6 p.m. Friday through Sunday at sunrise.On Thursday, Kim and Orange County Health Care Agency Director Dr. Clayton Chau, who is also serving as the county's chief health officer, addressed a gaffe in the county's reporting of coronavirus test numbers in the county.County officials have been receiving results for both PCR swab tests and blood-based serology tests. PCR tests are considered much more accurate because a specimen is tested, but there is a high error rate for many serology tests, which measure antibodies created after someone gets infected.The number of both types of tests the county was receiving were combined on May 28, a mishap discovered on June 3, Chau said. County officials stopped reporting both numbers at that point because the serology tests are not as reliable, Chau said.Officials intended to correct the numbers it was reporting on the county's website, but a newly redesigned site was delayed until June 26 when the corrected data was made public -- meaning incorrect testing data was provided for several weeks, Chau said.Kim and Chau said they should have informed the public and county board earlier of the mistake. Orange County Board of Supervisors Michelle Steel said at a news conference Thursday she found out about it from a report in The Orange County Register.Kim said the mistake did not factor into the county's application to the state to open up businesses, because the data came from the state and California public health officials were aware of the difference.The county's beach closures come on the heels of a county order Wednesday closing all bars in the county, an order that was also put in place later in the day by Newsom, affecting 19 counties, including Orange County.The county order affects all bars, pubs, breweries and brew pubs that do not offer dine-in meals. Establishments serving dine-in food can only sell alcohol in the same transaction as a meal.The closure order was expected ahead of the holiday weekend, given similar action already taken in the surrounding counties of Los Angeles, San Diego and Riverside.On Thursday, county health officials announced 652 more coronavirus cases and nine more deaths, bringing the county's totals to 15,065 cases and 354 fatalities. On Tuesday, the county reported a one-day record 779 newly confirmed cases.Chau said hospital officials say the number of patients 18 to 30 years old is trending up, "but it appears they are recovering much quicker than the elderly population."Of Thursday's reported fatalities, four were from skilled nursing facilities and one from an assisted living facility. In total, 181 of the county's fatalities were from nursing homes.Last week was the deadliest of the pandemic in Orange County, with 56 deaths reported. Since Sunday, the county has reported 31 fatalities.The number of hospitalized patients in Orange County rose from 542 Wednesday to 556, with the number of patients in intensive care increasing from 192 to 193. As of Wednesday, six of the patients were from Imperial County to help with an overflow there.County officials reported that they had performed 248,028 COVID-19 tests, with 7,862 documented recoveries as of Wednesday.Newsom announced earlier this week that Orange County, along with Solano, Merced and Glenn counties, had been added to the state Department of Public Health's watch list due to increasing percentages of positive tests.The county's case rate rose from 126.4 per 100,000 on Wednesday to 152.5 per 100,000 Thursday. The positive test rate increased from 10.4% on Wednesday to 12%, according to health officials.The state has set a desired standard average of 25 positive cases per 100,000 over a 14-day period, and a seven-day average positivity rate of 8%.Orange County's three-day average increase of hospitalized patients is 11.4%, which exceeds the state's threshold of 10%.Health officials insisted Orange County is in good shape in terms of hospital beds available. The county has 36.1% of its intensive care unit beds available, above the state threshold of 20%, and has 63.5% of its ventilators available, above the state standard of 25%.In the county's jails, 404 inmates have tested positive for COVID-19 with 390 having recovered. There are 14 inmates in medical isolation with symptoms and officials were awaiting results of 39 tests.Sheriff Don Barnes, who has been criticized for declaring at a Board of Supervisors meeting that he did not intend to be the "mask police," issued a statement on Thursday saying that face coverings are "important" to fight the spread of the virus.Barnes said it was impractical to enforce face-covering mandates."As many other industries are gaining compliance through an education- first approach, deputies will continue to educate the public about the statewide face-covering requirement and will request voluntary compliance," Barnes said."During this time of strained police community relations, one only needs to look to New York and other jurisdictions where enforcement has resulted in uses of force and negative outcomes to recognize that an education- first strategy, aimed at obtaining voluntary compliance, is the most sensible and realistic approach."I expect that Orange County residents will continue to use common sense and responsibly wear a face covering, in addition to other recommended best practices such as frequent hand washing and maintaining physical distance, for the benefit of their own health as well as the collective health of the community. We must do what is necessary to stop the transmission of COVID-19."Newsom this week said he has established "strike teams" of state officials who will seek to enforce compliance with COVID-19 guidelines.Kim told reporters "enforcement can be a challenge" for county officials because they do not always have jurisdiction. In many cases it is up to local cities to enforce regulations, Kim said. 8646
SANTA CLARA, Calif. (AP) — Intel has revealed another hardware security flaw that could affects millions of machines around the world.The bug is embedded in the architecture of computer hardware, and it can't be fully fixed."With a large enough data sample, time or control of the target system's behavior," the flaw could enable attackers to see data thought to be off-limits, Bryan Jorgensen, Intel's senior director of product assurance and security, said in a video statement.But Intel said Tuesday there's no evidence of anyone exploiting it outside of a research laboratory. "Doing so successfully in the real world is a complex undertaking," Jorgensen said.It's the latest revelation of a hard-to-fix vulnerability affecting processors that undergird smartphones and personal computers. Two bugs nicknamed Spectre and Meltdown set a panic in the tech industry last year.Intel said it's already addressed the problem in its newest chips after working for months with business partners and independent researchers. It's also released code updates to mitigate the risk in older chips, though it can't be eliminated entirely without switching to newer chips.Major tech companies Google, Apple, Amazon and Microsoft all released advisories Tuesday to instruct users of their devices and software, many of which rely on Intel hardware, on how to mitigate the vulnerabilities.As companies and individual citizens increasingly sign their digital lives over to "the cloud" — an industry term for banks of servers in remote data centers — the digital gates and drawbridges keeping millions of people's data safe have come under increasing scrutiny.In many cases, those barriers are located at the level of central processing unit, or CPU — hardware that has traditionally seen little attention from hackers. But last year the processor industry was shaken by news that Spectre and Meltdown could theoretically enable hackers to leapfrog those hardware barriers and steal some of the most securely held data on the computers involved.Although security experts have debated the seriousness of the flaws, they are onerous and expensive to patch, and new vulnerabilities are discovered regularly.Bogdan Botezatu, director of threat research for security firm Bitdefender, said the latest attack was another reason to question how safe users can really be in the cloud."This is a very, very serious type of attack," Botezatu said. "This makes me personally very, very skeptical about these hardware barriers set in place by CPU vendors."Intel said it discovered the flaw on its own, but credited Bitdefender, several other security firms and academic researchers for notifying the company about the problem.Botezatu said Bitdefender found the flaw because its researchers were increasingly focused on the safety and management of virtual machines, the term for one or more emulated mini-computers that can be spun up inside a larger machine — a key feature of cloud computing. 2976
Scientists have discovered a pocket sized dinosaur forerunner that was just 4 inches tall. Named Kongonaphon kely, which means tiny bug slayer, the creature looked like a dinosaur but scampered the Earth earlier, predating both dinosaurs and flying pterosaurs. The fossils, dug up in Madagascar, date from 237 million years ago, according to a study Monday in the journal Proceedings of the National Academy of Sciences. 429