New York (CNN Business)Sears is seeking court approval to pay executives as much as $19 million in quarterly bonuses while the company struggles to restructure in bankruptcy.Three top executives could get nearly $1 million each if the company goes out of business. If Sears remains in business, they could get nearly $500,000 each for hitting the top performance targets.Sears filed two different types of bonus plans in bankruptcy court Thursday. The first is for the top 18 “key” executives, who would collectively get as much as $2.1 million per quarter. The bonuses would only be paid in full if Sears reaches its cash-flow targets. Sears Holdings, which includes both Sears and Kmart, has been burning through cash at a rate of about $125 million a month.
The war chest is to be spent in the four years between 2019 and 2023 and represents about a third of the company’s total outlay allocated to the four-year period.
“One aim of the Volkswagen Group’s strategy is to speed up the pace of innovation. We are focusing our investments on the future fields of mobility and systematically implementing our strategy,” Herbert Diess, the CEO of Volkswagen, said in a press release, issued after a Supervisory Board meeting Friday.
Come Friday, the Westmoreland County Chamber of Commerce will have a new home — at least temporarily.
Chamber officials and staff will vacate their Greensburg office and relocate to the Kennemetal offices in Latrobe as renovation preparations begin. The $300,000 project will include aesthetic upgrades throughout the chamber’s office, expanding the restrooms and updating the facade of the building, which is adjacent to Mt. Odin Golf Course along Route 30.
Major changes will be made to the board room, which currently seats up to 18 people. The space will be enlarged to seat about 35 people, said Chad Amond, president and CEO of the Westmoreland County Chamber of Commerce.
A rare pink diamond has fetched SFr50.3 million ($50m; £38.5m) at auction, a record price per carat.
Pink Legacy, weighing in at just under 19 carats, was bought by US brand Harry Winston at auction in Geneva.
The price of around $2.6m per carat marked a world record for a pink diamond, according to the Europe head of auction house Christie’s.
It had been valued at between $30-$50 million before sale, and was bought after only five minutes of bidding.
The diamond’s new owners have rechristened it the Winston Pink Legacy.
The issue is more pronounced on the 11-inch iPad Pro because it features a different screen aspect ratio than the 10.5 inch model it replaces. Very few apps are optimized for the new display size, so it’s worth knowing that you’re in for a waiting game if you’re planning to purchase one of the new models. It’s a minor frustration for most cases, but games can be impacted by the bars since on-screen assets get moved around a bit.
CINCINNATI (WKRC) – A pet food company is voluntarily recalling one of the dog food formulas after customers complained that it made their pets ill. Nutrisca, of Saint Louis, Missouri is recalling their “Nutrisca® Chicken and Chickpea Dry Dog Food” for elevated levels of Vitamin D. “Dogs ingesting elevated levels of Vitamin D may exhibit symptoms such as vomiting, loss of appetite, increased thirst, increased urination, excessive drooling, and weight loss.
It’s been 3 years in the making, but Xbox One owners are finally getting one of their top requests fulfilled – keyboard and mouse support. At this years XO event, XO18, Microsoft announced the first 15 titles that will be gaining keyboard and mouse support on Xbox One. It’s important to remember that not all games will receive keyboard and mouse support, Microsoft is leaving it up to developers to decide whether to implement it in their own game or not.
Here are the first 15 titles to get support for keyboard and mouse input on Xbox One:
- Bomber Crew
- Children of Morta
- Deep Rock Galactic
- Minion Master
- Strange Brigade
- Warhammer: Vermintide 2
- War Thunder
- X-Morph Defense
If you are looking to get an Xbox One X, this will be a perfect time — Microsoft’s flagship gaming console is going to be available at its lowest price ever, coming in at only $399.99. Microsoft is also cutting the price down of the Xbox One S for Black Friday, with the Xbox One S Minecraft Creators Bundle getting discounted by $100 and the Forza Horizon 4 bundle going down by $70. With every new Xbox One X, Xbox One S, or Xbox Wireless Controller purchase, you will also get Gears of War 4 for free.
The deal starts from the 18th of November and ends on the 26th of November.