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The CBS board of directors is in the process of picking outside counsel to conduct an investigation after company CEO Les Moonves was accused of sexual misconduct.In a statement, CBS said that "no other action" was taken on the matter at Monday's board meeting.The meeting was scheduled before a bombshell report in The New Yorker Friday detailed allegations against the CEO. Six women told the magazine that Moonves sexually harassed them.In a statement to The New Yorker that was also obtained by CNNMoney on Friday, Moonves said he has "promoted a culture of respect and opportunity for all employees" throughout his tenure at CBS."I recognize that there were times decades ago when I may have made some women uncomfortable by making advances," Moonves said. "Those were mistakes, and I regret them immensely. But I always understood and respected — and abided by the principle — that 'no' means 'no,' and I have never misused my position to harm or hinder anyone's career."The idea that Moonves should step aside during the probe was raised by at least some board members this weekend, according to one source who spoke to CNNMoney on Sunday.The board also said on Monday that it would postpone its annual meeting of stockholders, which was scheduled to be held August 10. A new date has not yet been announced. It was not clear why the board decided to reschedule that meeting. 1400

The economy is humming. Americans are eager to spend on clothes, toys and home decor.Just not at JCPenney.Leaderless, billion in debt and with a stock price below , the besieged retailer faces an uncertain fate after posting its latest round of dismal earnings."They're in a leaky boat that eventually will sink," said Mark Cohen, the director of retail studies at the Columbia Business School and a former CEO of Sears Canada and other department stores. "The prognosis for the future is not happiness."Penney finds itself weighed down by years of errors, failed CEOs and muddled attempts to establish a clear identity with shoppers. 652

The COVID-19 death toll in the U.S. surpassed 300,000 people Monday afternoon, according to a database kept by Johns Hopkins University. Earlier in the day, the country also surpassed 16 million confirmed cases of coronavirus.The U.S. continues to vastly outpace the rest of the world in terms of caseload and deaths linked to COVID-19.The U.S. recorded its 16 millionth COVID-19 case over the weekend, meaning more than 1 million people are confirmed to have contracted the virus since Tuesday. According to the COVID Tracking Project, the U.S. is currently averaging more than 211,000 new cases of the virus every day — or more than a million cases every five days. Seven million Americans have contracted COVID-19 since Oct. 30 — representing 45% of all cases that have been recorded in the country since the virus arrived in January.In recent days, the U.S. has been averaging more than 3,000 deaths linked to COVID-19 a day — a figure that represents more lives lost than in the Sept. 11, 2001 terror attacks. The U.S. reached the grim milestone of 300,000 deaths the same day it began distributing Pfizer's COVID-19 vaccine. Health officials hope that inoculating higher-risk individuals first will cause death totals to drop in the coming weeks.However, health officials warn that things will likely get much worse in the weeks to come. The U.S. is just now seeing the expected spike in cases brought on by travel from Thanksgiving, and more deaths are sure to follow.Hospitalizations are also expected to rise, even at a time when a record 110,000 people are battling the virus in a hospital. Some hospitals may struggle to treat an influx of patients when they are already at capacity. 1712

The confirmed number of coronavirus cases in the U.S. has reached 5 million, by far the highest in the world. That’s according to the tally kept by Johns Hopkins University. Health officials believe the actual number is perhaps 10 times higher, or closer to 50 million, given testing limitations and the fact that as many as 40% of all those who are infected have no symptoms.The bleak milestone was reached as new cases in the U.S. run at about 54,000 a day. While that’s down from a peak of well over 70,000 in the second half of July, cases are rising in nearly 20 states, and deaths are climbing in most. Many Americans have resisted wearing masks and social distancing. 682

The decision to forego local bubbles was jointly recommended by NFL and NFLPA medical experts based on COVID testing data. They’re happy with the numbers and sticking with what works. Here’s the full memo, which also updates return to play protocols, etc. pic.twitter.com/GQxF0IF3jt— Tom Pelissero (@TomPelissero) December 15, 2020 345