when i was a kid, sears, month comery wards, i just like sears. >> those that work in this area will really be affected. i can run and pick up things on my way, lunchtime after work. i would really miss it. >> reporter: some retail experts say part of the problem is the economy has really impacted sears' core group of customers and the company hasn't put money into updating the stores. >> when you have this deep of a downturn this long, you certainly have businesses that are going to struggle. >> not everybody is going to be able to survive this. sears is an older store, a different model, they're competing with bigger, larger, newer stores. so i think they're taking a look at their business model and seeing what they can do to improve the situation. >> reporter: sears is just the latest retailer of many that have fallen on hard times. >> we saw montgomery wards go first, then mervins. >> sears, i think there's a plan we don't know. people want to buy stuff still. we're losing a lot to the internet. it's sad. >> reporter: again, sears has not released the locations of the sears and t

sears was down 6% for a total negative growth of 5.2%. between kmart and sears, there is a total of 4,000 stores in the u.s. and canada and again we're looking at closing between 100 and 120 of them 10 it's a small percentage. but for those who work at the

sears was down 6% for a total negative growth of 5.2%. between kmart and sears, there is a total of 4,000 stores in the u.s. and canada and again we're looking at closing between 100 and 120 of them 10 it's a small percentage. but for those who work at the closing stores, they could lose their jobs. kmart says they had lower clothes and layaway numbers, sears had lower electronics and home appliance sales. the plan going forward for the corporation, they will focus on better inventory numbers, basically having less stuff in the stores so they can promote that stuff and put that at the proper price point that hopefully consumers will buy. >> anne, have you had any word that they may change their marketing techniques? it seems like a lot of big box chains do a lot of advertising and sears and kmart don't really. >> reporter: the difficulty for kmart and sears is that they have had trouble settling themselves apart -- setting themselves apart from other stores. they face a lot of competition from the people that you do see the flyers in your

sears and kmart say slow sales prompting the move. anne makovec in san mateo with the money problems those big chains are now facing. >> reporter: this is after we heard good news for the christmas shopping season for retailers in general. we don't know if this is going to be one of the stores that's closing in san mateo. they haven't made those decisions yet or at least not made those decisions public but we know that between 100 and 120 sears and k marts nation white will be closing. there is though a total of 4,000 of these stores in the u.s. and canada. all because of dismal earnings for the last quarter, which is normally pretty good, christmas shopping season. kmart was down 4.4% in the quarter. sears was down 6.0% for a total negative growth of 5.2%. the company is blaming kmart's losses on fewer sales in electronics, clothes and lower layaway numbers. sears losses are blamed on electronic and home appliance sales, both being down. so the sears corporation says it is going to focus on better numbers, better price points and bet

this holiday shopping season was not enough to save the bottom line at sears and k-mart. so the company that owns both is closing locations. >> what was once the nation's largest retailer has fallen. sears' ceo made the decision after a sluggish holiday shopping season. >> it is one of those stores that has been around for a long, longtime. it seems like it is tradition just to be here. >> the company won't say which of the 100 to 120 sears and k-mart stores will close nationwide, but this will be the process. the closures will begin early next year. merchandise at those stores will be liquidated. the closures will be spread out regionally and focused on under performing stores. >> it was really the perfect storm in a very negative way for both sears and k-mart. >> santa clara university professor says sears hasn't been able to compete in years. >> the juger not of wal-mart as well as target continues to rule, and they are very good at execution. >> in 2011, shoppers let their money do the talking. >> do you shop at sears or k-mart? >> no. >> this year sears saw a signifi

sears announced it is closing more than 100 sears and kmart stores after a lackluster showing over the holidays. nbc bay area's christie smith is following the story and joins us live from oakland now. christie, good morning. >> reporter: good morning to you, mar lachlt i just went inside this sears store here in do downtown oakland. i have to tell you, they seemed pretty busy with after-holiday stores, a lot of people in the store. i guess the holidays just weren't what they hoped for, for many sears and kmart stores. they're going to be closing 100 to 120 of them. exactly which ones, we don't know. they haven't said yet. i've been speaking with a couple of workers here at the oakland store and they told me off camera this is the first that they've heard of it and they're certainly hoping that this one near 19th and broadway won't close down. it's the big retailer downtown. according to the associated press a memo from the ceo went out saying these actions will help us better serve our customers. kmart 4.4% drop in revenue. the sears model may be a little bit old, a place where ovens

on the future of sear's gov. just a few words >> began an illinois should stay in illinois >> no question other interest is out there $400 million worth from ohio ohlman working to border sear's and 6000 workers away from hoffman estates the governor says illinois not be drawn into >> unfortunately sometimes other states decide to get into a bidding war and tried to board businesses away >> ohio offer would be four times what illinois has on the table and failed to pass in springfield this week. a package that would combine tax relief for working families with tax incentives for sear's at the chicago mercantile exchange group which also must have tax breaks to stay in the state >> stakes are high at hoffman estates for the sear's quarters leaving a gaping hole in the business landscape pushing the office rates near 60 percent. even the local school district offering concessions. >> backs are up against a wall right now. do not know what we are going to do the on not able to get some money that is bright but we do

sears holding corporation plans to close between 100 and 120 sears k-mart stores. they have not said how many jobs if any will be lost. >> if you start taking away things like the sears then i don't know what they would do to replace that. >>reporter: this is the late most to have fix the retail they are struggled to hold on to customers finding other ways to buy goods. >> shopping has changed i would go where it is convenient. if it's convenient i'll go there. >> looking for sales. of course. >>reporter: patricia smith is the kind of customer retail earth's like sears depend on. >> jackets. outer wear. lingerie. >>reporter: but customers like patricia a are not shopping at sears and k mart enough. according to the web site revenue at most stores is down by more than 5 percent and even holiday shopping wasn't enough to save them all. >> a lot of the larger stores have gotten away from customer service. >>reporter: sears says they will no longer prop up the marginal stores in hopes of improving the performance but instead will concentrate on the cash generating stor

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jeffrey sears jr. was accused of having sexual relations with 3 glen burnie high school students, both on and off campus. lowell melser has been following the student -- following this story. >> there is a lot of shock out here at glen burnie high school and this evening. sears was an english teacher and was coach of the jv boys' basketball coach. he had been teaching for about five years. a fellow coach went to the principal and told her that he thought sears was having some sort of sexual relationship with one of his students. >> i think that number teachers should not be in high schools. . have always thought that' it is appalling. >> parents and guardians of students at glen burnie high school and react to the arrest of 29-year-old jeffrey robert sears, an english teacher and coach of the boys' basketball team there. >> i could not believe it. i have a daughter that is on cheerleading, and i receive e- mail from a lot of her teachers every day. to hear about a teacher would do this, it just blew my

♪ there's more for your life at sears ♪ >> reporter: for decades, sears was the place america shoppedt its iconic big book catalog killed off by the internet. now, its core customers are the cash-strapped middle class. >> i think the recession has definitively hit all low-end retailers harder than the high-end. >> reporter: illinois officials say they are outraged and betrayed by the decision to close so many stores. two weeks ago, they gave sears a $150 million tax break to keep its headquarters here. >> my question is, if they were going to do these closings, they should have told us ahead of time. >> reporter: but today, sears was not explaining its decision, or even saying how many jobs it would cut. a retail giant, shrinking to survive. chris bury, abc news, chicago. >>> heading overseas now, to north korea, where today, visitors took a last opportunity to view the body of kim jong-il, including the deceased leader's son, kim jong-un, who wiped away tears, a rare display of public emotion. the funeral begins wednesday in pyongyang. >>> and another violent crackdown in the tinder

kmart down 1.8% and sears 3.3%. while many people still support the chains -- >> easy parking, decent prices. >> reporter: -- we went to target to ask people why they weren't at kmart or sears instead. >> i think some of their store brands are actually better than some of the other store brands. >> every time you use their target card you get 5% off. >> it has everything and groceries so i can do everything in one stop. >> reporter: kmart blames it on fewer lay aways. >> sometimes you go in the stores and a lot of times there's not a lot of variety. >> reporter: and the sears holdings corporation says of the stores that are going to be allowed to stay open, they are going to be focusing on more specific price points, basically watching their prices and they are going to make sure it's all promoted properly, as well. >> thank you. >>> like any business, the u.s. government needs money to operate. in simple terms, we have just about maxed out our credit limit again so president obama will ask congress to raise the nat

so stores like sears and kmart, they're taking a big hit. >>> reporter: sears was where america shopped. >> not anymore. [ laughter ] >> america shops online. >> reporter: an industry analyst suspects sears middle income kisses miles an hour don't have the money to -- middle income customers don't have the moneyspend. they will close 120 stores including some kmart stores t needs to reduce costs by $200 million. this comes as a shock to faithful customershave relied on the sears brand for generations. >> we do all our major appliances, tv, washer, drier, refrigerator, everything, because they have good promotions where you can get things interest-free, which nobody does anymore. >> reporter: sears says it was the huge drop in appliance and electronic sales that caused most of its problems. >> it's kind of sad. but times are hard all over. >> reporter: kmart blames declining sales on fewer layaways and a drop in clothing and electronics sales. it's not clear which bay area stores will be closed, nor how many employees will lose their jobs. some customers have their own guess as to why se

this holiday shopping season was not enough to save the bottom line at sears and k-mart. so the company that owns both is closing locations. >> what was once the nation's largest retailer has fallen. sears' ceo made the decision after a sluggish holiday shopping season. >> it is one of those stores that has been around for a long, longtime. it seems like it is tradition just to be here. >> the company won't say which of the 100 to 120 sears and k-mart stores will close nationwide, but this will be the process. the closures will begin early next year. merchandise at those stores will be liquidated. the closures will be spread out regionally and focused on under performing stores. >> it was really the perfect storm in a very negative way for both sears and k-mart. >> santa clara university professor says sears hasn't been able to compete in years. >> the juger not of wal-mart as well as target continues to rule, and they are very good at execution. >> in 2011, shoppers let their money do the talking. >> do you shop at sears or k-mart? >> no. >> this year sears saw a signifi

sears holdings corporation said it will close up to 120 sears and k-mart stores. >> we like the clothing selection, the size selections and our hometown sears, we would miss it very much. >> reporter: it's an ugly sign of the tough economic times. holiday sales slumped. the company ceo says that gimp our performance and difficult economic environment we intend to implement a series of actions to reduce expenses. despite half a million dollars of lay away angel purchases k-mart reported a 5% drop in electronic, apparel and lay away purchases this quarter. the employees say the news comes at bad time. many tell me they are concerned about losing their jobs. one employee says -- >> i have been here for 12 years and it's just bad all the way around. >> reporter: now sears holding corporation shares fell 27% today. that is the biggest decline in eight years. i'm shomari stone. back to you. >> thanks. >>> an artificial christmas tree blamed for a house fire in fairfax county. this house is uninhabitable now. an electrical man function in the lights sparked the fire. >>> in frederick county, ma

, even more parents shopped at sears when i was a kid, sears, montgomery ward, so i just like sears. >> reporter: sears holding corporation announced it's closing as many as 1206 its stores which include kmart. >> well, it's news to me. >> if it goes i'll be really sad because i like to spend my dollars locally, but i'll have to go some place else. >> reporter: company has not said which stores it will be closing, only that it will be focusing on its higher performing sites. citing a weak holiday shopping season as the tipping opinion. retail analysts and economists say the recession over the last four years has greatly impacted sears and kmart's core group of cut america and they say they aren't surprised by the announcement. >> not everybody is going to be able to survive this, and sears is an older store. they have a different model. they are competing with bigger, larger, newer stores so i think that they are taking a look at their business model to see what they can do to improve the situation. >> while there's still hope, restructuring will keep sears viable. not the only retai

sears holding the company of sears and kmart says it is closed 100 stores. eric rasmussen looks into what that means for this area. >> is it busy in there? >> the line to pay was really long. >> reporter: but some say just a look inside this sears. >> no, no, not that many people in there. >> reporter: is a sign of the bigger problems facing the company. now it says a 5% drop in revenue during the critical holiday shopping period means as many as 120 sears and kmart stores will have to close nationwide. >> kind of sad, i've been shopping at sears since my parents were shopping. >> the world has changed around them and the stores have -- they fell asleep a long time ago. >> reporter: sears and kmart can no longer compete on price and selection with other retail giants such as wal-mart. but there could be help for bay area stores. >> the bay area has been one of the bright spots in the united states for the last few years in retail. so it's clear to me that the stores around here would be among those, that would be first on the list for closure. >> reporter: s

with joe sears, it's the waiting game.he can make it there or not. >> but sears' old reputation precedes him and not everybody is happy about the move. >> i personally have never had any problems with him. but i am concerned having him in my pod, in my unit. i've heard and i've seen other things that he's done to other officers, just verbally abusing them and throwing items from his food port. >> they have some machine weights there. you get to go out with a few guys you live with in your unit. like a group. you get an hour tier time, i hear, to play games, cards or just conversate with someone there. >> so they can actually recreate and congregate with other inmates. if you visit at level five, level five is much more of a quiet unit and they become much calmer. they become much more cooperative. they become much more willing to comply with the level system. >> lean forward. you're leaning back too far. there you go. all righty. there i don't go. like part of the family. >> why is that? >> well, we've known each other 20

sears holding the company of sears and kmart says it is closed 100 stores. eric rasmussen looks into what that means for this area. >> is it busy in there? >> the line to pay was really long. >> reporter: but some say just a look inside this sears. >> no, no, not that many people in there. >> reporter: is a sign of the bigger problems facing the company. now it says a 5% drop in revenue during the critical holiday shopping period means as many as 120 sears and kmart stores will have to close nationwide. >> kind of sad, i've been shopping at sears since my parents were shopping. >> the world has changed around them and the stores have -- they fell asleep a long time ago. >> reporter: sears and kmart can no longer compete on price and selection with other retail giants such as wal-mart. but there could be help for bay area stores. >> the bay area has been one of the bright spots in the united states for the last few years in retail. so it's clear to me that the stores around here would be among those, that would be first on the list for closure. >> reporter: s

is sears not the cool place to shop anymore? >> it's definitely not as cool as it used to be and it's definitively looking a little drab than it used to look. >> reporter: sears just didn't keep up appearances, analysts say. its stores too often dingy, as come per or thes such as target and walmart spiffed up their looks and dropped their proiss. >> i don't think the quality is what it should be. >> reporter: shuttering stores and hiring the kardashians could crank up the cool factor. but is it too late? ♪ for decades, sears was the place americas shopped. but its iconic big book catalog killed off by the internet. now, its core customers are the cash-strapped middle class. >> i think the recession has definitively hit all low-end retailers harder than the high-end. >> reporter: illinois officials say they are outraged and betrayed by the decision to close so many stores. two weeks ago, they gave sears a $150 million tax break to keep its headquarters here. >> i question if they were going to do these closings, they should have

the kardashians not stimulating sales at sears as more stores close. are they losing their sizzle what is it about taking a first step that we find so compelling? is it because taking a step represents hope? or triumph? at genworth, we believe in taking small steps every day to keep your promises, protect what matters, and prepare for a secure financial future. no matter where you want to go, one step at a time is the only way to get there. go to genworth.com/promises. >> kim and chloe not able to provide sears if more shoppers. they are closing 120 sears and k matter stores because sales were so bad. not good news for retailer and really not good for kardashian sisters. and now, the 120 stores sounds like a lot but maybe not that many. >> they have 4,000 stores in north america so it is a drop in the bunk -- bucket but the largest since they merged with k-mart. >> how does sears hookup with the kardashian? >> how does a middle-age guy hookup with a red corvette. he thinks he will turn his life around and here you have a retail institution that is real

sears open 'til midnight select stores. let me get you a free tank of gas -- how's that sound? progressive saved me money and i'm saving you money. [ chuckles ] now these guys are protected with progressive. come on around. we'll fill up your tank for you. free gas! 5 more inches. now you're lined up for some free gas and savings, eh? [ horn honks ] hey, we're trying to save here. i came in for this. yeah, fill it up, too. thank you. don't thank me. i'm just the messenger. wgn news @ 9 if you have been watching have not showed you enough money trouble for illinois private workers for years at the association's the big on the public pension dole. tonight tribune investigation taxpayers getting school. redbird pride is everywhere in normal illinois. town university of illinois state boasts a fine athletic department top-notch teacher education programs and the number one campus for place and private contractors on the public pension dole. pensions for people who cannot actually work for the school. a webbie g n tribune invest

♪ do more for your life at sears ♪ >> reporter: for decades, sears was the place america shopped.et. now its core customers are the cash strapped middle class. >> i think the recession has definitely hit all low-end retailers harder than the high end. >> reporter: illinois officials say they're outraged and betrayed by the decision to close so many stores. two weeks ago they gave sears a $150 million tax break to keep its headquarters here. >> my question if they were going to do the closings they should have told us. >> reporter: sears was not explaining its decision or even saying how many jobs it would cut. a retail giant shrinking to survive. chris bury, abc news, chicago. >> i'm saddened by this news. >> remember sitting down looking through the sears catalog, making decisions. >> so many pages. >> look at that. >> yes, yes. >> had you been on the cover of the sears catalog, the company would not be selling, they would be blowing everyone out of the retail water. >> see the ensemble, curtains, the jacket and the hat. >> nice look right there. >> christmas fascinator. >> nice

sears open 'til midnight select stores. ♪bring a sweet surprise.♪ ♪see magic in their eyes.♪ ♪and watch their smiles sing...♪ ♪...when they open up the bling.♪ ♪no one does christmas,♪ ♪like kmart does christmas.♪ ♪kmart. smart.♪ [ woman ] what can i say? i love the holidays. the traditions. ♪ ♪ the decorations. and, of course, the spirit of giving. your moment. your dove. wgn news @ 9 tens of thousands of protesters expected to descend on chicago during the nato and g-8 summit chicago mayor taking steps. to prepare. >> last time a bill and g-8 summit held in the same city more than 30 years ago a rare opportunity for mayor and president back in the home town for the event also unique challenge for law enforcement today moves by mayor rahm emmanuel to head off trouble before it happens. 1999 it was riots in seattle during world trade organization meeting at 2009 a similar theme played out in pittsburgh during the g 20 summit chicago does not want to add to the list when the natal and g-8 summit takes place mccormick place m

the parent company of sears and k-mart will close 120 stores across the country due to slow sales in december. they asked how the bay area might be affected. >> was it busy? >> the line to pay was long. >> reporter: but just a look inside this sears in oakland. >> no, no, not that many people. >> reporter: is a sign of the bigs problems facing the company. a 5% drop in revenue during the critical holiday shopping period means as many as 120 sears and k-marts will have to close nationwide. >> i'm sad. i've been shopping at sears since my parents have been shopping. >> reporter: the world has changed around them and the stores went down. ed says sears and k-mart can no longer compete on price and selection with other retail giants like wal-mart but there could be hope for bay area stores. >> the bay area is one of the bright spots in the united states for the last two or three years so it's not clear that around here, stores around here would be among those that would be first on the list for closure. >> reporter: sears has said it will now focus resources on the best performing source

reporter: more than 100 sears and k-mart stores will be closed around the country, sears holdings corporationannouncing its plan to shut down the stores after poor sales during the holiday shopping season. the company says as many as 120 stores will be closed to raise cash. >> necessity have 4,000 stores in -- they have 4,000 stores in north america, so it's still a drop in the bucket, but it is the largest number of store closures for them since 2005 since they merged with k-mart. reporter: sears which has a 125 year history has been struggling with falling sales while its rivals like wal-mart and target continue to grow. >> i think sears is picking up on the fact people just aren't picking up big ticket items. so when people aren't buying appliances, which are big for sears, they've got to cut back now before it's too late. reporter: some analysts say another problem is that sears has not invested in remodeling leaving its stores uninviting. the company says fourth quarter adjusted earnings will be less than half the $933 million it reported for the same quarter last year. >> they've had 18

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sears holding corporation plans to close between 100 and 120 sears and k mart stores and have not said how many jobs will be lost. >> if you start take waig things like sears, then i don't know what they would do to replace that. >> this slatest move to fix the retailer struggling to hold on to customers finding other ways to buy good autos shopping habits change. goi where it's convenient. it's convenient, i'll go there. >> looking at sales? >> of course. >> patricia is a customer retailers depend on. >> jackets. you know? and outer wear. >> but customers are not shopping enough a cording to a statement, revenue at most stores is down by more than 5% and holiday shopping wasn't enough to save them. >> a lot of the larger stores have gotten away from customer service. >> sears says they'll no longer prop up their marginally performing stores but will concentrate on cash again rating stores. some fear what may move in if sears decides to move out. >> every time something closes what opens behind that alls does not seem to be the right thing. >> sears and k mart combined have more than 4

is closing 100 sears and k-t stores. linda ye american retaili >>> sears is suffering. so much so that it's closing 100 sears an kmart stores. linda yee on why a pillar of american retail is crumbling. >> reporter: because their customers are the middle income population, those are the people who have to be careful about spending. that means sears and kmart are taking a big hit. >>> reporter: sears was where america shopped. >> not anymore. [ laughter ] >> america shops online. >> reporter: an industry analyst suspects sears middle income customers don't have the money to spend as much. the corporation revealed it's had a dismal year. they will close 120 stores including some of its kmart stores. it needs to reduce costs by $200 million. this comes as a shock to faithful customershave relied on the sears brand for generations. >> we do all our major appliances, big-screen tv, washer, dryer, refrigerator, everything, because they have good promotions where you can get things interest-free, which nobody does anymore. >> reporter: sears says it was the huge drop in applian

one 16 yield said she performed oral sex on sears in his classroom.changed naked photos seedia text and he sent her a video of him masturbating. >> it is unbelievable. you wouldn't think they would do that in classroom and not get caught by somebody. >> reporter: another victim told police when she was a freshman and a manager for the basketball team, sears took her to a stairwell at school to touch her with his finger. >> i think it is appalling. it makes me scared for them going there. >> reporter: and as late as october of this year, one victim says she also performed fellatio on sears in his classroom and had sex with him twice in his car and in an alply behind her house and also in his bedroom on the 400 block of luther road. >> this is a time for glen burnie high school to heal and move forward and be concerned about our students and certainly the victims in this situation. >> reporter: sears will have a predisciplinary hearing. then the superintendent will recommend he be suspended without pay. >>> sears faces a list of charges including variou

sears open 'til midnight select stores.angling over how wards should be cut up. it happened out tonight that could even the battle continues they say a few percentage points off here and there but still no compromise. we have a map that represents every ethnic and racial group in chicago and a fair way >> latino caucus filed its own map after weeks of negotiations failed aldermen bob fioretti is back in the latino map because he says in despair >> dealing with population decreases in the african- american community and the white community and makes up for what we have seen a latino community >> in response black caucus filing its own version setting stage for a heated showdown in january 41 votes referendum could cost taxpayers $30 million. >> we continue to do that negotiate in good faith to come up with a compromise that satisfies the needs of the latino african american community at also fair to our other colleagues >> aldermanic dick mell man of the city council rules committee >> afterwards we will come back how the ci

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and today, sears announced it was shuttering as many as 120 sears and k-mart stores as it continued to lose ground to walmart and target. still, last week, data show americans spent 5% more on each holiday shopping trip. but they may have reached into their savings or elsewhere for the money. for months, personal spending has been outpacing personal incomes, and that's worrisome. >> one is certainly going to be credit cards, and i'm sure we'll get some reports on credit card spending for the holiday season. the other could be savings. >> reporter: and when shoppers didn't find deals in stores, they turned to the web. >> this was the year when the smart phones and tablets came into their own, and in terms of providing another way for consumers to find the best prices, even when they were in a physical store. and i think that we are maybe at the beginning of some very, very interesting changes in the way that consumers shop. >> reporter: in a price conscious economy, the web has become an even more important destination for comparison shopping. with gift cards still getting redeemed and

shop sears now for great deals for everyone on your list. sears. yeah, i'm married. does it matter?o that for me? really? yeah, i'd like that. who are you talking to? uh, it's jake from state farm. sounds like a really good deal. jake from state farm at three in the morning. who is this? it's jake from state farm. what are you wearing, jake from state farm? [ jake ] uh... khakis. she sounds hideous. well she's a guy, so... [ male announcer ] another reason more people stay with state farm. get to a better state. ♪ every single small kitchen appliance is on sale right now at sears! plus get an extra 10% off with saving pass! all cuisinart is on sale! kitchenaid standmixer just $299.99! kenmore coffeemaker or blender, only $29.99. so go to sears now! morning, roger. here, have some coffee. hey, roger, i've been doing a little thinking-- i've been doing a lot of thinking actually-- about the night amanda hunsaker died. how'd you get in here? trish let me in. what time is it? uh, it's daytime. ok, i'm up. listen, the night amanda hunsaker died, she-- what was the name of that hooker who

one big mover was sears after planning to cut 100 sears and k-mart stores. they plunged to a new 52-wheel low. whirlpool which depended on sears tumbled almost 9%. bad housing news. october single family home prices fell more than expected with atlanta and las vegas prices falling to their lowest since the housing crisis began. that helped take the shine off a jump in consumer confidence to the highest level since april. growing consumer confidence combined with tensions with iran sent the price of oil above $101 a barrel. endeavor international rose 24% on a deal to buy conoco phillip. international gained 5% on the government opening the door to online gambling. elsewhere, italy's ten-year bond yield hit the crisis 7% level tuesday. after the chinese yuan hit an all-time high against the dollar, the treasury department refused to call them a manipulator, angering trade groups. >>> a federal judge dismissed charges of bp's subsidiary violated probation after an oil spill on alaska's north slope. and finally, a mexican ant anti-poverty official has been fire

shop sears now for great deals for everyone on your list. sears. [ mom ] haddy, come on. yay!ng. this is a story about jingle the husky pup. and jingle was a good dog. [ jingle ] ruff! ruff! jingle loved to bark hello. ruff! ruff! ruff! ruff! [ mom ] jingle even loved to sing. ruff! ruff! ruff! ruff! jingle! [ female announcer ] it's for bringing stories to life in a whole new way. jingle, stay. and jingle did. [ female announcer ] hallmark interactive story buddies. when you read key words, jingle responds. every single small kitchen appliance is on sale right now at sears! plus get an extra 10% off with saving pass! all cuisinart is on sale! kitchenaid standmixer just $299.99! kenmore coffeemaker or blender, only $29.99. so go to sears now! [cheering and shouting] take the shot! come on, take the shot! take the shot! take the shot! take the shot! how about these seats, huh? oh, they're excellent. they're really bolted in. yeah. let's go sharks! [referee's whistle] oh, ow! did you see that? what the hell was that? the hell if i know! what the hell was that?! hell... (hal) che

by the time it is over, sears plans to shut down 120 sears stores and kmart stores across the country. they will let us know the final stores sometime early next year to. sears has lost many customers to many places including macy's. they were hoping that this christmas will generate millions of dollars and keep the stores open but that was not the case. >>mark: more traffic than usual on the bay bridge. let's get a check on whether. >>erica: the weekend looks pretty nice. mostly cloudy conditions with temperatures in the '60s. here is a live look at storm tracker 4. wet weather over the northern part of our state. right around crescent city, north of ukiah, the wet weather certainly looming around the bay area. as we advanced the clock to 8:00 a.m., the offshore wet weather starts to impede trade the bay area, beginning to shift southward. by 2:00 p.m. we could have the answer to along the coast line in downtown san francisco into the bay bridge. we will continue to see sprinkles until the later afternoon hours. we will be monitoring that for you. as we turn our attention to visibili

rebecca, good evening, what went wrong at sears and kmart. >> and this is more of a sears and kmart story than an overall economy story. because it's been a difficult time for all retailers but it's been particularly difficult for sears to garner the kind of demand to keep its doors open at all of its stores. and you're going to see these closures that analysts estimate could impact as many as 10,000 workers. there's a bigger ripple affect on the overall economy because you look at these sears stores, in many malls they're the anchor store. pull that out and there's a ripple effect on the local economy and the local community as well. >> glor: so right now who are the winners? >> target, wal-mart and amazon.com are clear winners here. people are spending what they have, the little that they have in these retailers as well. but online is a big winner here. 16.4% is the number sales rose online on christmas day. that's a huge number. 7% of those purchases were made with ipads. huge trend there, moving to mobile. 173% higher mobile sales this year versus last year. and that's the trend we're

find out why sears and k-mart are taking such drastic measures... to cut expenses... expenses...and a kansas man is being called a hero after saving two young girls from this icy pond christmas day. his quick response... and the ((break 3)) 3 some sears and kmart stores are closing up shop over slow sales, but consumer confidence is up.and as eegar reiguts explains... home prices are headed in the wrong direction. direction. --reporter pkg-as follows --it was a quiet rading day on wall street, with stocks ending mixed.the dow lost more than two points to close at 11- thousand 291.but the nasdaq and s&p 500 closed higher.weak holiday sales are forcing sears holdings to close up to 120 sears and kmart stores.the company says holiday ales were down more than five percent and it needs to cut expenses.the particular stores that will close haven't been announced.home prices are headed in the wrong direction. according to the latest s&p / case-shiller index, prices in the 20 cities surveyed declined one-point-two percent in october, from the month before. and compared to a y

sears got it wrong. the stores like a circus .id of eddie lambert. >>> and remember those commercials. rick, bottom line creative destruction. sears may not survive but over all economy will do well, what do you think? >> it is a moot question. you cannot stop progress. on line sales are here to stay like it or not with the exception of clothing and steve, twice in one show agreeing with steve. >> influence pays off, rick. >> it is scaring me. we have to get to the new year rick. >> rick, he put something in your water. we'll tell but that after the show is over. coming up. you don't want to drop the ball with your investments, do you? stock up informers have the best picks for 2012. get a piece of paper and pin. write it down next . total access - to everything. from idea to research to trade. including financials, indicators and real-time streaming quotes. whether you check your investments every day or every minute, our app can take them from thought to trade. at scottrade, seven-dollar trades are just the start. try our powerf

sears and k-mart locations across the u.s.d 10,000 jobs will be affected. no word yet on which locations will be closed. analysts say target and walmart have the most to gain from that. >>> home prices keep drifting lower. big cities continue to be hardest hit with foreclosures still flooding the market. in atlanta dropped by 11.8% and minneapolis 8.4% and los angeles 4.9%. since the housing bubble burst five years ago, homes have lost roughly 33% of their value, dropping to prices not seen in some places since 2003. >>> well, the rough economy is literally giving some people heartburn. a new bloomberg study finds sales of acid reflux medications have a 93% correlation with the unemployment rate over the past five years. when unemployment goes up, so do sales of products like tums and rolaids. >>> somebody could be out there holding a very valuable jackpot ticket. the megamillions jackpot numbers were drawn last night. the numbers are 23, 32, 33, 39, and 43. with the megaball number 8. the jackpot, $206 million, and i guarante