Watch CBS News
Many of Sears' unsecured creditors, who rank at the bottom of the list to be paid and include merchandise suppliers and landlords, had pressed for liquidation, contending the business was worth more dead than alive. They also questioned the propriety of certain deals Lampert has done while at Sears.
Many employees and customers are in shock. Many thought liquidation was inevitable. But now the 126-year-old company may have one lifeline left.
After two long delays at a morning hearing in bankruptcy court, attorneys for Sears announced it had accepted a revised bid from a hedge fund controlled by Eddie Lampert, the chairman and former CEO of Sears. The deal could keep 425 of the stores open.
Yarehlie Ariana Nava was welcomed into the world at 12:05 a.m. Tuesday, making her the first baby born in Cook County in 2019.
Passionate arguments erupted Thursday night during a conversation about a veterans' cemetery being proposed in northwest suburban South Barrington.
Sears is based in Hoffman Estates and still employs 89,000 people.
The share price fell below $1 on Friday for the first time in the company's history, dropping as much as 15% to 85 cents in midday trading.
The officer was responding to a call around 3:40 a.m., when she collided with an SUV at the intersection of Barrington and Golf roads.
Michael Kelly, of West Dundee, has been charged with two felony counts of aggravated driving under the influence, and one felony county of driving under the influence.
A homeless man was charged with robbing a bank last week in northwest suburban Hoffman Estates.
Hoffman Estates woman has been charged with trying to kill her two children, before apparently attempting suicide on Tuesday.
The underage limo driver involved in a crash that left one passenger dead and five others injured last year on the Jane Addams Memorial Tollway near Hoffman Estates won't serve any jail time.
The fire started around 1 a.m. at a home in the 600 block of Mohave Street.
A man robbed a bank at gunpoint Saturday afternoon in northwest suburban Hoffman Estates.
Train with other runners in the area when you join the following running clubs in Chicago.
The crash, which involved a van and a tow truck, happened on westbound I-90 at mile post 63.5 about 12:53 a.m., according to a statement from Illinois State Police.
Two proposals to save a 116-year-old Hoffman Estates farmhouse will be considered by a village board committee Monday night, reports WBBM's Terry Keshner.
Illinois-based Sears is shedding 250 jobs, amid a new quarterly report showing the retailer has lost money and share value.
James Smith-Woodward was cleaning his gun at the Hawthorn Suites in the 2800 block of Greens Point Parkway in Hoffman Estates when he shot himself once in the abdomen.
The Bulls are holding a contest to name the team.
Steven Sanchez's motorcycle was discovered in the Loop near I-290 and I-94. Police checked the area, but could not find the driver at the time and deemed the crash a hit-and-run.
A 5-year-old girl was fatally struck by a car Saturday afternoon in northwest suburban Hoffman Estates.
Bria Abrams, 21, has been charged with felony theft, for allegedly stealing from five elderly people living at Alden Poplar Creek, at 1545 N. Barrington Rd., while she worked there.
A Hoffman Estates hospital was placed on lockdown, and employees were later evacuated, while police investigated what turned out to be a false alarm for an active shooter in the building.
CBS 2's Brad Edwards reports the majority of one shift of the Hoffman Estates Fire Department went there for a wedding, and what happened isn't a fairytale.
