still well under an hour at 53.
highway 17, 1 to los gatos still
in the green now.
>>> thank you, alexis.
now onto breaking news, sears is
warning of going out of
business.
>> we've been warning of
impending death for a long time.
less than an hour ago it is
company will ask the judge to
allow it to liquidate.
matt keller live in san jose.
matt, a lot of us grew up with
sears.
this is a big change.
>> yes, it certainly is an
iconic brand.
it filed for bankruptcy back in
october.
there was hope it could be saved
from liquidation but that's
unlikely.
reuters reporting in the last
hour sears holdings will ask for
bankruptcy to proceed with
liquidation after it could not
reach an agreement with lampert.
he attempted to have his hedge
fund take over hundreds of
successful stores and save
50,000 of 60,000 jobs but it did
not meet creditor approval.