Mr. Carr previously served on the board of LightSquared, a telecom company that went through bankruptcy.
Where we're headed: If Sears does file for bankruptcy, it could help some property owners, while being a problem for others. Before Mr. Carr's appointment, Sears had six members and four were independent directors.
Looming before Sears is a $134 million debt payment that comes due on Monday.
In afternoon trading, Sears shares lost 6 percent to 58 cents.
Sears' and Kmart's chairman, chief executive, largest shareholder and biggest creditor - reportedly is looking for a larger restructuring than just anteing up more cash to bail out the cash-strapped retailers. Gordon Weil, author of "Sears, Roebuck, USA", looks back on the history of the retailer. Those include Sears Home Services and the company's flagship Kenmore brand, which Lampert offered to purchase in August for $400 million.
NES Online gets a fourth bonus game
You'll begin with all equipment, incluing your White Sword, the Magical Shield, the Blue Ring, and even the Power Bracelet. Why didn't Nintendo tell us they were planning first-party official ROM hacks exclusively for Switch Online months ago?!
Google Pixel 3 and 3XL launched, price begins at Rs. 71000
You can wirelessly connect the Pixel Slate to a Pixel Slate keyboard and use a Pixelbook Pen which has to be purchased separately. What's important is that the ppi - pixels per inch - remains high so that the display is capable of showing fine details.
Sears did not immediately return Fortune's request for comment on the WSJ report.
The board has said it is exploring strategic options and asked its legal and financial advisers to work closely with Mr. Lampert and ESL. But if Sears is now in touch with banks to secure the financing needed for a bankruptcy filing, as CNBC reported Wednesday morning, that could send the surest signal that such a move may not be so far off. The committee is concerned it will be opening the company up to litigation, one source said.
The Wall Street Journal quoted sources saying Lampert wants to restructure and is anxious that a bankruptcy filing will lead to a liquidation, which has happened with so many retailers, the most recent being Toys R Us.
In another attempt to avoid bankruptcy, Sears past year sold its Craftsman tool brand to power tool maker Stanley Black & Decker for $900 million. He personally took over as CEO in 2013, but the 125-year-old chain's woes have worsened in recent years.
The company's sales have dropped nearly 60% since 2011, and it's reported losses of $11 billion in that period. Analysts say it needs to raise about $1.5 billion a year to stay afloat. Even after several rounds of store closures across the country in recent years, the holding company still operates around 500 Sears stores and 360 Kmart stores. That is up from up from roughly 70 cents in March, when expectations of full repayment were at a low point, but down from around 93 cents on September 24, when ESL proposed its plan to avoid bankruptcy. The stock had been trading as high as $43 a share as recently as 2015. The notes traded at around 42 cents a month ago.
Meanwhile, the cricketer has also cleared that he won't hesitate from the team during the World Cup if it is benefitting the team. I think in the dressing room we have a good understanding... and know that we need to keep improving and pushing the boundaries".
Check out the trailer below and get ready because very soon we'll have a full report from the set of the Stephen King adaptation. Jason Clarke and Amy Seimetz play Louis and Rachel Creed, the mom and dad of a young family that's new to this country road.
The Mean Tweets segmet opened with Gwen Stefani , 49, reading a tweet that called her "the worst thing to ever happen". Nickelback is the last artist featured, and before them, the tweet directed at Korn is a nice lead-in: "Korn".
The new phones are expected to be very similar to the Pixel 2 in terms of look but will have a slightly new colour style. The Pixel 3 and Pixel 3 XL are expected to have a dual selfie camera setup that will include two 8-megapixel sensors.
The casting of Ciri , in particular, has caused some controversy. "It's time for a Twitter hiatus", she wrote back in September. Based on the best-selling fantasy series, The Witcher is an epic tale of fate and family.
The gist is that the first hit is free, and after that you'll have to pay the nominal fee of $9.99 that Microsoft also charges. The pricing for Europe will be €9.99/£7.99 for regular PSN members, and €4.99/£3.99 for PlayStation Plus subscribers.
Additionally, several of gospel and R&B's heaviest hitters will assemble for what's sure to be a touching Aretha Franklin tribute. While accepting the award for Favorite Album - Pop/Rock, Taylor talked about the process of writing the album reputation .
Lana Del Rey Confronts Azealia Banks
Lana Del Rey just cut Azealia Banks down to size and Twitter is just loving it right now. Del Rey clearly clocked these Insta-stories, and brought to fight over to Twitter .
XCloud : when Microsoft goes to the Cloud gaming
Microsoft is developing low-latency networking, encoding, and decoding advances to combat the issue of latency and poor quality. Eventually, other devices should be added to the list, but for now, the 2019 trial tests will take place on mobile devices.
Two Britons killed in Majorca flooding
More than 8 inches of rainfall fell in just a few hours on Tuesday morning, according to the Spanish weather company Aemet. Antonia Bauza, the deputy mayor of Sant Llorenc, confirmed two of the victims were British nationals to Radio Mallorca .
'Stolen baby' doctor guilty but can't be punished
The guiding principle was that the child would be better off raised by an affluent, conservative and devout Roman Catholic family. A Spanish court has ruled that a doctor stole a newborn child almost five decades ago - but he can not be punished for it.