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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
SAN FRANCISCO, Calif. – California has confirmed its first openly gay justice to the state’s supreme court.Martin J. Jenkins made history Tuesday as he was confirmed as Associate Justice of the Supreme Court of California. The appointment was approved by a unanimous vote in the supreme court courtroom in San Francisco.Justice Jenkins fills the vacancy created by the retirement of Justice Ming Chin on Aug. 31, according to a press release from the state’s judicial branch.Along with being the state’s first openly gay justice, he’s also only the third African American man ever to serve on the court.The judicial branch says Jenkins has held several prominent state and federal judicial positions throughout his career, with his most recent being the governor’s judicial appointments secretary.Prior to his role with the governor, Jenkins served as an associate justice on the First District Court of Appeal from 2008 to 2019. He was appointed by President Bill Clinton to the U.S. District Court for the Northern District of California in 1997 and served on that bench until 2008.Jenkins earned a Juris Doctor degree from the University of San Francisco School of Law. 1180

SAN JOSE, Calif. (AP) — Fire investigators looking into what caused a wildfire that killed four people in far Northern California have taken possession of equipment belonging to Pacific Gas and Electric. PG&E says in a filing Friday with the Public Utilities Commission that investigators with the California Department of Forestry and Fire Protection seized some of its electrical equipment near where the Zogg Fire started Sept. 27. The fire erupted in Shasta County during high winds and quickly grew, killing four people in the community of Igo, population 600. It later spread to neighboring Tehama County. 623
SAN MARCOS, Calif. (KGTV) — Dos Desperados brewing in San Marcos was headed for a banner year until the coronavirus outbreak hit."We had all of our vats full and of course we had to shut down," said owner Steve Munson. "It's not a killer yet, We're trying to survive until the end of the year."Sales plummeted in the tasting room and distribution. Munson had to cut his staff of eight to two, even letting his own daughter go. It got even more complicated in early July, when the governor eliminated indoor service for bars and restaurants.But when Munson approached the City of San Marcos to get an outdoor permit, he says it went lightning-quick, something Munson never expected.San Marcos Mayor Rebecca Jones says it happened fast because the city already had the framework in place to streamline outdoor permits, with no fees. The city actually approved it in late May. Jones credits Innovate 78, a collaborative effort between the five cities that line the 78: San Marcos, Carlsbad, Oceanside, Escondido, and Vista. They've been working together on the economy for years."If you are not looking forward to what could happen next, you're not really planning," Jones said. "So we try to plan for the unknown, and I really believe that has come from COVID."Innovate 78 now plans to send a letter to Gov. Newsom seeking next steps for businesses now that San Diego County is off the state's watch list. 1411
Security experts are clarifying what you should know about the hack against the U.S.Last week, federal authorities warned of the breach in government and private computer systems. It's suspected that Russian attackers were behind it.Some members of Congress have voiced concerns that taxpayers' information could be exposed through the treasury department. But one expert tells us that isn't really valuable to these attackers.“The breach over the last week is much more geared towards nation state secrets, manufacturing secrets, supply chain secrets, you know different intellectual property, than it is personal information,” said Randy Watkins, Chief Technology Officer at CriticalStart.Watkins says the average person likely won't see any immediate impact, but with policy information and military strategies at risk, there could be downstream ramifications.Federal authorities say the hackers primarily got in through software called solar winds that some agencies use.Watkins says that means we need to look more at how we measure security for third party vendors.“A lot of times, the attackers don't need to go directly after the treasury department or the department of defense. Those are very locked down networks, but they can go after the third parties that do business and have connections into those environments, and that's what they did in this scenario.”Officials say this hack could have started as early as last March.Watkins says the type of tech they used is hard to catch, allowing attackers time to patiently collect data under the radar.That means working on detection methods will also be key moving forward. 1641
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