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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, Wash. – Many people are experiencing problems accessing Outlook email and other services through Microsoft 365 on Wednesday.Microsoft says it has “received reports of user impact to Microsoft 365 services” and its working to investigate the cause of the issue.Microsoft Teams, Exchange Online, Outlook.com, SharePoint Online and OneDrive for Business may all be affected by the outage, according to the Seattle-based company.We're investigating an issue affecting access to Microsoft 365 services. Users may see impact to Microsoft Teams, Outlook, SharePoint Online, OneDrive for Business, and https://t.co/ZUfyjth6sU. More details available at https://t.co/AEUj8uj65N.— Microsoft 365 Status (@MSFT365Status) October 7, 2020 The website Down Detector showed thousands of users reporting problems with Microsoft Outlook around 3 p.m. ET.Later in the day Wednesday, Microsoft said it "determined that a network infrastructure change resulted in accessibility issues," and that services are recovering.Our investigation determined that a network infrastructure change resulted in accessibility issues. Our telemetry indicates that service is recovering following the reversion. More details can be found at https://t.co/AEUj8uj65N or in the admin center under MO223756.— Microsoft 365 Status (@MSFT365Status) October 7, 2020 These problems come about a week after Microsoft experienced a similar outage of its workplace applications. The company didn’t say what caused that outage, just blamed a “recent change.”This story is developing and will be updated. 1571

SAN MARCOS (CNS) - A motorist was killed in a multi-vehicle crash this morning involving a semi truck on state Route 78 in San Marcos and another motorist suffered major injuries in a rollover crash around four-and-a-half hours later on the opposite side of the highway, authorities said.A semi truck was reportedly disabled around 12:15 a.m. in the left lane of eastbound state Route 78 west of Twin Oaks Valley Road, according to a California Highway Patrol incident log.At 12:55 a.m., someone told dispatchers that a vehicle crashed into the back of the semi truck and the vehicle was totaled.The driver of the Honda CRV that struck the semi truck was killed in the crash, CHP Officer Tommy Doerr said.CHECK 10NEWS TRAFFIC MAPAt 5:35 a.m., a crash between a Ford pickup and two other vehicles on westbound SR-78 west of Twin Oaks Valley Road caused the pickup to overturn and land on its roof, Doerr said. The Ford driver was taken to Palomar Medical Center with major injuries.No details about the victims were immediately available.All lanes of eastbound SR-78 west of Twin Oaks Valley Road were closed following the first crash, but were re-opened by 6 a.m., Doerr said.The left lane of westbound SR-78 west of Twin Oaks Valley Road was closed following the second crash, but it was re-opened around 6:25 a.m., he said.CHP officers were investigating the circumstances leading up to both crashes. 1410

SANTA ANA, Calif. (CNS) - Orange County supervisors Tuesday voted to declare Aug. 24 as Kobe Bryant Day.Bryant was born on Aug. 23 and wore the number 24 in his playing days, said Orange County Board Chairwoman Michelle Steel, explaining why she settled on Aug. 24 as the date to honor the former Lakers great who died Jan. 26 in a helicopter crash that also killed his daughter and seven others.Bryant also wore the number 8 during his first several seasons in the NBA.Steel said Bryant, who lived in Newport Beach, was a "treasured member of our community," who "inspired so many men and women to pursue their dreams and never give up."Supervisor Don Wagner, in an apparent reference to Bryant's 2003 sexual assault civil case in Colorado, which Bryant ultimately settled, said the former NBA star had his ups and downs in his lifetime."Kobe Bryant's life, like each one of us who ever lived, presents moments to celebrate and to condemn," Wagner said. "Kobe, like all of us, faced challenges, challenges of his own making and challenges thrown at him by life, that he overcome. Today, we celebrate the effort in overcoming those challenges."Wagner added, that, "if the bad in any life were to forever disqualify" then no one would be able to celebrate "the good.""So we strike a balance, and on balance here the good recognized in the resolution brought here is worth celebrating," Wagner said. 1405

Scientists believe they have discovered a new species of whale in Mexico.The team was taking underwater video and audio samples of three beaked whales near Baja California. They work with the Sea Shepherd Conservation Society near the San Benito Islands, about 300 miles from the U.S. border.They originally were looking for what animal was making an unidentified sound recorded in 2018 in the area.Experts in the field of beaked whales now say the scientists’ observations don’t match anything seen before, and they are “highly confident” the video shows an entirely new species, according to a press release.“We saw something new. Something that was not expected in this area, something that doesn’t match, either visually or acoustically, anything that is known to exist,” said Dr. Jay Barlow in a statement from the Sea Shepherd Conservation Society. “It just sends chills up and down my spine when I think that we might have accomplished what most people would say was truly impossible – finding a large mammal that exists on this earth that is totally unknown to science.”Scientists are now using genetic sampling to confirm what the scientists found is really a new kind of beaked whale.The discovery of a new species of beaked whale proves how much mystery there is left to discover in the oceans that our captains, crews, and research partners fight to defend,” said Peter Hammarstedt, Director of Campaigns for Sea Shepherd. 1442