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Nissan is preparing to oust its chairman, Carlos Ghosn, after announcing the discovery of "significant acts of misconduct" over many years by him and another top executive."Nissan has been providing information to the Japanese Public Prosecutors Office and has been fully cooperating with their investigation," the Japanese carmaker said in a statement. "We will continue to do so."It said an investigation found that Ghosn and another board member had been under-reporting Ghosn's compensation."Numerous other significant acts of misconduct have been uncovered, such as personal use of company assets," Nissan (NSANY) added.CEO Hiroto Saikawa will propose to Nissan's board of directors to "promptly remove Ghosn from his positions as chairman and representative director," the company said.Shares in French automaker Renault (RNSDF), of which Ghosn is CEO, plunged as much as 13% in Paris. Nissan's announcement came after the close of trading in its shares in Tokyo. 977

NEWPORT BEACH, Calif. (AP) — Workers were cleaning up after high tides caused a 40-foot sailboat to capsize and also flooded the streets of Newport Beach late Friday, causing a traffic jam that kept vehicles from leaving the Balboa Peninsula for hours. The Orange County Register reported that eight bulldozers are dedicated to building back a sandy berm before high waters return Saturday night. Like many other Southern California beaches, the beach is closed to discourage crowds this holiday weekend. People managed to get off the sailboat before it capsized and turned into wreckage. 596

NEW: Supreme Court lets Trump administration end census count early. No explanation given. Sotomayor dissents.— Greg Stohr (@GregStohr) October 13, 2020 166

New research shows more people 65 years old and older are filing for bankruptcy instead of retiring. The biggest cause of bankruptcies, according to a recent CNBC report, are medical bills. “Insurance, no matter what kind of insurance one has, typically only goes so far," says bankruptcy judge William J. Lafferty. "And when one has to actually start paying for those expenses, they rack up very quickly. It’s an immediate game changer for most families.”Another large factor is losing a job.  527

NEW YORK (AP) — Lady Gaga took the mask mandate seriously at this year's MTV VMAs by making face masks her over-the-top fashion accessory.Lady Gaga appeared in many different outfits and corresponding masks during Sunday night’s show while she dominated the night with a performance with Ariana Grande. 310