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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

SEATTLE (AP) — Starbucks says it will offer delivery in most of the U.S. by early next year.The Seattle coffee company launched delivery last fall in Miami with its partner, Uber Eats. It has since expanded to 10 additional U.S. cities, including Los Angeles, Chicago and New York.Starbucks says Uber Eats will remain its preferred provider as it rolls out delivery more widely.Customers in most areas where Starbucks and Uber Eats operate will be able to order drinks and other menu items. Uber Eats says it currently covers more than 70% of the U.S. population.Starbucks and Uber Eats will also work together to improve delivery packaging, in-store operations and delivery speed. 689

SAN MARCOS, Calif. (KGTV) - A Caltrans project to expand an SR-78 ramp in North San Diego County has some residents concerned about their safety.Crews have been working on the Woodland Parkway on-ramp to improve the flow of traffic to the freeway. Eventually, there will be an additional lane at the Woodland and Barham on-ramps.Residents told 10News the construction set-up is too dangerous for drivers.“I'm saying a prayer before I get on the ramp cause you really need it,” said Jacqueline Duron.She also said the ramp set-up doesn’t give drivers enough time to speed up and merge onto the freeway safely.“A lot of the times all the lanes are packed - so there's nowhere for anybody to go - and drivers going up the ramp getting smashed on the cement wall,” said Duron.Neighbors also posted concerns on the NextDoor app, calling the situation a ‘death trap’.Crash statistics for the Woodland Parkway ramp to westbound SR-78 show a slight uptick from last year, with seven crashes to the previous year’s five.Even though the number of accidents were slightly higher this year compared to 2017, the CHP says the numbers do not support the existence of an issue.10News talked with Caltrans about neigbors' concerns. Public information officer Ed Joyce said the roadwork meets temporary construction code standards, allowing enough time and room for drivers to merge.“They want to pay attention when they get near construction zones, avoid all distractions be work zone alert and be courteous,” Joyce said about drivers.Caltrans construction information is publicly available online. 1595

SANTA ANA, Calif. (AP) — Wells Fargo has agreed to pay at least 5 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car insurance without their consent, resulting in many having their vehicles repossessed.The bank filed the agreement Thursday in a federal court in Santa Ana. It still needs a judge's approval.Another defendant, National General Insurance, agreed to pay .5 million, the New York Post reported.San Francisco-based Wells Fargo confirmed the agreement Friday and called it "an important step in making things right." The bank's statement said that it will be sending checks to affected customers.The 2017 class-action lawsuit alleged that for more than a decade, Wells Fargo tacked on insurance to customers' car loans that they didn't need because they had private insurance.Some 25,000 car owners couldn't meet the additional fees and had their vehicles repossessed, the suit alleged.The bank acknowledged in 2017 that million in unnecessary insurance charges had been added to 800,000 auto loans.It's one in a series of scandals involving the banking giant, starting in 2016 with the uncovering of millions of fake checking accounts its employees opened to meet sales quotas.That led to the resignation of CEO John Stumpf. Last year, the Federal Reserve capped the size of Wells Fargo's assets, and Stumpf's replacement, Tim Sloan stepped down in March. New improprieties had come to light on his watch, including the auto loan issues.Federal regulators who lost patience with Wells Fargo's continued bad behavior inflicted harsh punishments. Wells had to pay a billion fine last year to the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency. But more importantly, the Federal Reserve stepped in and handcuffed Wells' ability to grow its business until the bank could prove that it had gotten its house in order.Despite the restrictions, Wells Fargo reported in March that it earned .86 billion and profits rose by 14% from a year earlier, helped by higher interest rates.Wells Fargo stock closed down 29 cents Friday at .63 per share. 2169

SCRANTON, Pa. -- At Hank’s Hoagies, sandwiches are on order, along with a helping of politics.“A lot of political people around here,” said owner Tom Owens.That includes a life-size cutout of former Vice President Joe Biden, which makes more sense once you realize Hank’s Hoagies is located in his hometown of Scranton, Pennsylvania.He made an unscheduled stop there last October.“He’s a great guy,” Owens said. “When you meet him, it’s like you knew him all your life."This corner of Pennsylvania is part of the so-called Rust Belt. It’s a collection of states scattered around the Great Lakes – an area of former industrial powerhouses stretching from western New York, through Pennsylvania, Ohio, Michigan, Indiana, Illinois and into southeast Wisconsin.“There’s this whole string of connected states that share media markets, that share some common demographic factors and where small shifts in the vote can have big results in the Electoral College,” said Prof. Barry Burden, a political science professor and director of the Elections Research Center at the University of Wisconsin-Madison.He said both presidential campaigns will likely pay special attention to this area for one main reason.“There are a lot of people living here, which means there are a lot of electoral votes to be had,” Prof. Burden said. “Several of the states are really up for grabs in almost any presidential election.”That includes Pennsylvania, which holds 20 electoral votes and has a long history of being a swing state. Republicans won the state during presidential elections of the 1980s: 1980, 1984 and 1988. Then Democrats won it in the 1990s and 2000s: 1992, 1996, 2000, 2004, 2008 and 2012 – until Republicans won it once again in 2016.That’s not the only Rust Belt state that’s gone back and forth, so has Ohio, with 18 electoral votes.“I'm telling you, I kind of like what Trump's doing," said Ohio voter Charles Krumel. In Toledo, Ohio – months before election day, voters are already paying attention to the issues.“Most important thing is keeping the stock market up for us retired people, keeping social security for us retired people and keeping the economy going," said Alan Morse, another Ohio voter.Back in Scranton, Pennsylvania, there are similar concerns, but one trumps it all.“The coronavirus,” Owens said. “Just to get everybody on the same page in the country. Get a plan – get a unified plan.”Issues that could very well bring the road to the White House right through the Rust Belt. 2501

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