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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
SEATTLE (AP) — Researchers say a London man appears to be free of the AIDS virus after a stem cell transplant. It's the second such success including "Berlin patient" Timothy Ray Brown.Such transplants are dangerous and have failed in other patients. The new findings were published online Monday by the journal Nature.The London patient has not been identified. He was diagnosed with HIV in 2003. He developed cancer and agreed to a stem cell transplant to treat the cancer in 2016.His doctors found a donor with a gene mutation that confers natural resistance to HIV.The transplant changed the London patient's immune system, giving him the donor's HIV resistance. 674
Seattle Mayor Jenny Durkan told protesters occupying several city blocks they are in no danger of being invaded by the federal government despite comments from President Donald Trump saying he is ready to “take back” the city.The protesters, who have seized control of Seattle’s East Precinct police station, are pushing the city to make significant reforms to policing. After days of unrest, at times becoming violent, the protests have largely not been violent since protesters have declared the area an “autonomous zone.”The protesters are among those calling for police reforms in the wake of George Floyd's death. While Durkan and city officials in Seattle are hopeful for a peaceful resolution with the demonstrators, Trump tweeted that if Durkan doesn’t regain control of the city, he would.“Radical Left Governor @JayInslee and the Mayor of Seattle are being taunted and played at a level that our great Country has never seen before,” Trump tweeted. “Take back your city NOW. If you don’t do it, I will. This is not a game. These ugly Anarchists must be stopped IMMEDIATELY. MOVE FAST!”Durkan responded, “Clearly, unfortunately, our president wants to tell the story of domestic terrorists who have a radical agenda or promoting a conspiracy that fits his law and order agenda. It is simply not true.”Durkan said that the city has worked with protesters to allow for access to city services for the area's 500 residents.“The right to challenge government and authority is who we are as Americans,” Durkan said. "The threat to invade Seattle to divide and insight violence in our city is not only unwelcomed, it is illegal.”Police Chief Camren Best and several other police officials said they have visited the protest zone, and checked on the condition of the police station. Best said she was fully aware that other police stations were destroyed by looters and rioters, but said she allowed for fences around the station to come down to build trust with the protesters.But the protests, Best said, have been responsible for significantly slowing police response to parts of Seattle's East Precinct. Best said police response time to calls of service was on average 15 minutes, which is three times longer than normal.“If that is your mother, your sister, your cousin, your neighbor’s kid that is being raped, robbed, assaulted and otherwise victimized, you’re not going to want to have to report that it took the police three times longer to get there to provide services to them," Best said.But Best said she too wants to give the protesters a chance to have their voices heard, as Best said that police departments are often “on the wrong side of good.”“We have to acknowledge a long history of abuses,” she said. 2734
Sarah Fuller is ready to make history with @VandyFootball. pic.twitter.com/Ls7fNIKnYX— SEC Network (@SECNetwork) November 28, 2020 138
SAN MARCOS, Calif. (KGTV) – Authorities have identified the victim and suspect after a man and a woman were found dead in a San Marcos home Monday. The Medical Examiner identified the victim as Michelle Johnson, 43, as the victim and Tiko Leal, 49, as the suspect. Deputies were called to the home on the 1000 block of Lanza Court early Monday morning after receiving reports of unknown trouble. Neighbors told deputies that two children, ages 10 and 11, were inside the home and afraid to come out. After entering the home, Johnson and Leal were found unresponsive with trauma to their bodies, according to the department. Both were pronounced dead at the scene.According to the department, there are no outstanding suspects.Anyone with information is asked to call the sheriff’s homicide unit at 858-285-6330 or Crime Stoppers at 888-580-8477. 854