Jan 10, 2019

Eddie Lampert's second chance to "save" Sears

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Note: Fiscal years shown above; 2006 was the 1st year Kmart-Sears merger was reflected in annual revenue; Data: FactSet; Chart: Chris Canipe/Axios

Sears chairman Eddie Lampert has upped his bid for some of the failed company's stores to $5 billion, hoping to shield it from liquidation, Reuters reports.

The state of play: The offer is 13% higher than Lampert's previous bid, which was rejected earlier this week.

Our thought bubble: Look at this brief timeline of Sears in the 21st century...

  • Lampert's hedge fund, ESL Investments, bought bankrupt Kmart in 2003 to merge with Sears.
  • After the Kmart-Sears Roebuck merger, Lampert was named chairman of the combined company, and then named CEO in 2013.
  • Lampert sold hundreds of stores to a spin-off company in which he was an investor, took in millions of dollars worth of loans from himself and ESL, and shed marquee brands to raise cash — all while being accused of ripping Sears apart for his own personal gain.
  • The company filed for bankruptcy in October.

Go deeper: The cannibal of Sears

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Tanker truck appears to plow into Minneapolis protesters

A tanker truck appears to have driven toward protesters during a peaceful demonstration in Minneapolis, video from the scene shows.

Details: The incident happened as thousands gathered the Interstate 35W Bridge across the Mississippi River just before 6 p.m. on Sunday, per CBS Minnesota. Gov. Tim Walz had "ordered highways and interstates to start closing at 5 p.m.," according to the Star Tribune.

Editor's note: This is a developing news story. Please check back for updates.

Inside Trump's antifa tweet

President Trump at Cape Canaveral on May 30. Photo: Paul Hennessy/SOPA Images/LightRocket via Getty Images

As recently as Saturday night, senior administration officials told me that the designation of a violent cohort of far-left activists, antifa, as a terrorist organization was not being seriously discussed at the White House. But that was Saturday.

Behind the scenes: The situation changed dramatically a few hours later, after prominent conservative allies of the president, such as his friend media commentator Dan Bongino, publicly urged a tough response against people associated with antifa (short for "anti-fascist").

U.S. enters 6th day of nationwide protests over George Floyd's killing

A protest in Philadelphia on May 31. Photo: Mark Makela/Getty Images

Protests continued across the country for the sixth day in a row on Sunday, as demonstrators called for justice in response to the deaths of George Floyd, EMT Breonna Taylor, jogger Ahmaud Arbery and countless other black Americans who have suffered at the hands of racism and police brutality.

What's happening: Protestors in D.C. broke one police barricade outside the White House on Sunday evening after reportedly demonstrating for several hours. The atmosphere was still largely peaceful as of 6pm ET.