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Sears desperately needs money to keep it afloat during bankruptcy. And now the deadline is getting tighter.The retailer, which filed for bankruptcy on Oct. 15, has already gotten a 0 million loan to help fund its operations while it tries to reorganize. It warned the day it filed that it would need an additional 0 million loan within weeks or else its ability to stay in business would be "seriously jeopardized."But now Sears has postponed a hearing that was set for November 1 to win bankruptcy court approval of such a loan, according to a court document filed Wednesday. No new meeting date was set.Sears declined to comment on the delay.A hedge fund owned by Eddie Lampert, who is also Sears chairman and majority shareholder, was expected to lead financing of the 0 million loan.CNBC reported Thursday that Lampert is looking to ensure that his hedge fund would get paid back first when it comes time for Sears to reimburse its creditors. Specifically, Lampert wants his ESL Investments hedge fund to have the same status as major banks like Wells Fargo and Citigroup that provided the initial 0 million loan, CNBC reported.Meanwhile, Sears is bleeding money. It said it is burning through cash at a rate of 5 million a month, according to its first-day filings.The 132-year-old company has been struggling for several years and is already drowning in debt. It was forced to file for bankruptcy when it came time to make a 4 million debt payment but didn't have the cash.Lampert, who gave up the CEO role at Sears as part of the filing, has been loaning money to Sears for years. But he has always taken steps to ensure that his loans are backed by hard assets, such as real estate or credit card balances, to improve his chances of having the loan repaid even in the case of bankruptcy. Even if Sears liquidates, he'll end up holding real estate worth hundreds of millions of dollars.Lampert is the company's largest creditor. He's owed at least .6 billion. 2024

SEATTLE (AP) — Since September, six sea lions have died from gunshot wounds in central Puget Sound and Kitsap County, Washington.The Seattle Times reports that another seven are suspected to have died from "acute trauma" caused by humans, including a decomposed sea lion with its head sliced off found washed ashore Tuesday in a West Seattle cove.That's according to Seal Sitters Marine Mammal Stranding Network, a group that responds to reports of stranded or dead sea lions.Michael Milstein, a NOAA Fisheries spokesman, has confirmed the deaths of five California sea lions in West Seattle, including four that died of gunshot wounds.NOAA Fisheries law-enforcement agents are investigating these crimes, which are prohibited under the Marine Mammal Protection Act.Between 1998 and 2017, National Geographic reported up to 700 California sea lions were found with gunshot and stab wounds in waters off California, Oregon and Washington. 955

SAN YSIDRO (KGTV) -- Local businesses are feeling a one-two punch after the border closure for non-essential travel was extended during the coronavirus pandemic.The owner of El Rincon Restaurant in San Ysidro said the extension is devastating for business."I just found out a couple hours ago that they were going to do this, I had absolutely no clue," Owner Edgar Alaniz said. He was looking forward to the reopening of the border planned for June 22, now pushed back for a third time to July 21.Alaniz said he didn't want to be mad because all of this is to protect our health and safety but it's extremely difficult for businesses to survive after being closed for three months. Alaniz said about 75-80% of their customers come from Mexico. Currently, the business is only seeing about 20% of those customers. "That's what happens when the border is closed for three months, people find different ways and for a restaurant like me, they find a different restaurant," he said.He hopes when the border reopens to welcome them back.Alaniz said they closed the restaurant March 15, and continued with take-out service. Just last week they reopened for dine-in service with protective procedures, like masks and extra cleaning, in place.Alaniz hopes to see more of his neighbors reopening as well, saying he only knows of one other locally owned restaurant in San Ysidro reopening so far.He is confident we will all get through this, "we move forward with strength and a bright vision, that's what it is and that's what it will always be about."The news comes as the U.S., Canada, and Mexico agreed to extend their agreement to keep their borders closed to non-essential travel through July 21 during the coronavirus pandemic."This is an important decision that will keep people in both of our countries safe,” Canadian Prime Minister Justin Trudeau said Tuesday. 1870

SAN MARCOS, Calif. (KGTV) -- A man deputies say was under the influence was arrested Saturday evening after crashing into a patrol car and causing a second crash while fleeing law enforcement. According to the San Diego County Sheriff’s Department, deputies tried to make contact with an intoxicated man in the parking lot on the 400 block of Autumn Drive in San Marcos around 4:49 p.m.The driver, Cristian Reinoso, 24, failed to obey instructions, instead backing into an unoccupied patrol vehicle twice, deputies say. According to the department, Reinoso then drove away from the parking lot, striking a fence and a parked car before running a red light and crashing into another vehicle at the intersection of Los Vallecitos Boulevard and Knoll Road. The crash reportedly caused Reinoso’s vehicle to roll over, so deputies say he got out and ran away before being arrested at an apartment complex on the 200 block of Knoll Road. Both Reinoso and the driver of the other vehicle were taken to the hospital for minor injuries. The department says Reinoso will be charged with assault on a peace officer with a deadly weapon and hit-and-run causing injuries. 1167

SEATTLE, Wash. -- Home to Pike Place Market, rainy days and views of the Puget Sound, Seattle is also one of the first places in the U.S. to initially face the coronavirus and the fallout that followed.“We were the first city that really had to grapple with this,” said Don Blakeney, vice president of advocacy and economic development with the Downtown Seattle Association, a nonprofit representing about 2,000 businesses and residences.When COVID-19 first appeared, they worried that years of investment in the downtown core could be in jeopardy.“You saw overnight downtown clear out of employees,” Blakeney said.That made for a tough spring there, but then summer got hot when protests sparked nationwide.While the vast majority of protests across the country this past summer were peaceful, when they got out of control, some businesses paid the price. Damages from civil unrest became yet another blow to their bottom line, on top of the pandemic.“Viruses don't cause that physical damage,” said Sean Kevelighan, CEO of the Insurance Information Institute.Recently, the institute compared financial losses from civil unrest this year to similar events in the past.The Institute found that, based on today’s dollars, the most expensive civil unrest event in the U.S. happened during the L.A. riots in 1992, costing .4 billion.The rest of the top five were:L.A. Civil unrest (1965) – 7 millionDetroit civil unrest (1967) – 2 millionMiami civil unrest (1980) – 4 millionWashington, D.C. civil unrest (1968) -- 9 millionSo far, this year’s unrest adds up to just over billion, but across multiple communities.“This is a little bit different in that we're looking at many different cities that are having it at the same time,” Kevelighan said.So where does that leave businesses trying to navigate 2020? Most have insurance that will cover physical damages caused by unrest, but there is no insuring for a pandemic.In Seattle, a few lessons emerged, such as taking health recommendations seriously early on and not hurrying a return to normalcy.“We haven't rushed it, but we've also seen that we need to be creative in the ways that we accommodate these small businesses,” Blakeney said.They also looked to streamline permitting, in order to get creative with public spaces, so businesses can expand beyond their usual four walls: even with the coming winter, which they’re already planning for.“How do you stay outside safely? You know, bring your own blanket, maybe some coverings, but it's largely, we're kind of learning as we have these new things that we're responding to,” Blakeney said.They are lessons that may help in their resiliency and that of businesses in other cities on the road to recovery. 2733

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