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Big Lots launches storewide sales amid bankruptcy, search for other buyers [Video]

The statement added that Big Lots is continuing to serve customers in-store and online.

COLUMBUS, Ohio — Big Lots announced Thursday that the company will begin “going out of business” sales at the rest of its store locations. 

The sales will start in the coming days after the company said it doesn’t think its previously announced asset purchase agreement with Nexus Capital Management will be completed. However, Big Lots is working toward completing an alternative going concern transaction with Nexus or another party. 

Big Lots hopes this sale will be completed by early January.

The going out of business sales are happening to protect the value of its estate and the company says this will not affect ongoing transactions, according to a news release. 

“We all have worked extremely hard and have taken every step to complete a going concern sale. While we remain hopeful that we can close an …

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Los Angeles tree lovers hope their vital work recovers from devastating fires [Video]

LOS ANGELES (AP) Some people in Los Angeles have worked for years to increase the number of trees that provide shade and respite from heat and air pollution. But the trees were in already trouble before this month's fires scorched more than 10,000 homes and other structures. Tree lovers faced increasing drought, bad trimming