Sears Holdings has been working for some time to cut costs and lower its debt. The company said Tuesday that it would likely pursue a spinoff of Lands' End and not a sale.
U.S. Sen. Brian Schatz was sworn into office after being appointed by Hawaii Gov. Neil Abercrombie. Schatz succeeds Sen. Daniel Inouye who recently died.
As the flood waters receded, weary residents across the Northeast began pulling soggy furniture and ruined possessions onto their front lawns as they surveyed the damage wrought by Hurricane Irene.