WWL First Business News: Sears a gone pecan? And Michael impacts oil production

October 10, 2018 - 10:33 am

We may finally be nearing the end of the road for a retail icon. 

The Wall Street Journal says Sears has hired advisors to help it prepare for a possible bankruptcy that could come as early as this week.  

Sears has been losing money and closing stores for years, in part because of an e-commerce boom that has seen companies like Amazon dominate the retail market. 

Nearly 40 percent of daily crude oil production has already been lost from offshore Gulf wells because of platform evacuations ahead of Hurricane Michael. 

Oil producers - including Anadarko, BHP Billiton, BP and Chevron – have evacuated personnel from 75 platforms as the storm makes its way to the Florida Panhandle. 

The country's largest privately owned crude terminal, the Louisiana Offshore Oil Port LLC, has halted operations at its marine terminal. 

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