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NEW YORK | CBS denies former CEO Les Moonves $120 million severance

NEW YORK — Former CBS CEO Les Moonves will not receive his $120 million severance package after the company’s board of directors determined he was fired “with cause” over sexual misconduct allegations. The board said Monday it reached its decision after finding that Moonves failed to cooperate fully with investigators looking into the allegations. The … Continue reading NEW YORK | CBS denies former CEO Les Moonves $120 million severance

NEW YORK | Federal court says NY ban on nunchucks unconstitutional

NEW YORK — A federal court says New York’s ban on nunchucks, the martial arts weapon made famous by Bruce Lee but prohibited in the state for decades, is unconstitutional under the Second Amendment. Judge Pamela Chen issued her ruling Friday in federal court in Brooklyn. The plaintiff, James Maloney, started his legal quest after … Continue reading NEW YORK | Federal court says NY ban on nunchucks unconstitutional

NEW YORK | Markets Right Now: Another steep drop pulls Dow down 500

NEW YORK — The latest on developments in financial markets (all times local): 4 p.m. The Dow Jones Industrial Average plunged 500 points, its second straight drop of that size and its fourth big decline this month. Longtime market favorites like Microsoft and Amazon took heavy losses Monday. Health care companies also fell sharply. A … Continue reading NEW YORK | Markets Right Now: Another steep drop pulls Dow down 500

NEW YORK | US stocks drop to a 14-month low as tech, health care drop

NEW YORK — U.S. stocks are skidding Monday as another day of big losses takes the market to its lowest level in more than a year. Retailers and technology stocks are sinking, and health insurers and hospitals are falling after a federal judge in Texas ruled that the 2010 Affordable Care Act is unconstitutional. Some … Continue reading NEW YORK | US stocks drop to a 14-month low as tech, health care drop

NEW YORK | Baylor drops out of top 5 in AP women’s basketball poll

NEW YORK — Baylor fell out of the top five for the first time in nearly a year after losing at Stanford. The Lady Bears dropped from third to sixth in The Associated Press women’s basketball poll on Monday after losing 68-63 on Saturday to the then-No. 11 Cardinal. Stanford moved up to eighth. Kim … Continue reading NEW YORK | Baylor drops out of top 5 in AP women’s basketball poll