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.
Company officials say they have brought in another dive vessel in the search for a worker who went missing after an oil platform caught fire in the Gulf of Mexico.