May 4, 2014

It's been an emotionally taxing week for the L.A. Clippers, who played on through their first round playoff matchup while controversy swirled around their banned-for-life owner, Donald Sterling. So after the team closed out Game 7 over the Warriors on Saturday, coach Doc Rivers talked with the media about how badly his team needed a cathartic series win.

"I just thought with all this stuff, this team just needed this win," he said.

Rivers was so ebullient that, even before the game ended, he was pacing the sideline high-fiving fans and pumping his fist.

The Clippers go on to face Oklahoma City, and it's safe to say plenty of otherwise impartial hoops fans will be cheering for L.A. Jon Terbush

8:25 a.m. ET

Executives from the likes of Goldman Sachs, Morgan Stanley, Citigroup, JPMorganChase, and private equity firm Blackstone are descending on Philadelphia in troves to celebrate the nomination of Hillary Clinton and her running mate, Virginia Sen. Tim Kane. While Donald Trump alienated the financial industry with his talk of Wall Street reform last week, many bankers are breathing a sigh of relief at the thought of Clinton-Kaine at 1600 Pennsylvania Avenue.

"I think [Clinton] has shown perhaps ironically that she has a better understanding of business and Wall Street than Donald Trump does," investment banker Steve Rattner told Politico. "The GOP platform includes reinstating Glass-Steagall. And when you watched that [Trump acceptance] speech, Bernie Sanders could have given half of it. Putting partisanship aside, most of my Republican business friends are appalled at the thought of Donald Trump in the White House."

There is a celebratory mood surrounding Clinton's selection of Kaine, too — especially as Elizabeth Warren had been a possible alternative. Kaine, though, has proven to be sympathetic to regional bank relief, notably supporting Dodd-Frank. Trump has already targeted Clinton's running mate for just this, tweeting, " Tim Kaine is, and always has been, owned by the banks. Bernie supporters are outraged, was their last choice. Bernie fought for nothing!"

Some say there is nothing for progressives to fear, though. "I don't think Clinton can or should go all Trump-like and build a wall to physically block Wall Street executives from the City of Brotherly Love. Instead, I think she ought to be loud and clear that she isn't going to do anything in particular to reciprocate any banker support," Jeff Hauser, the director of the Revolving Door Project, told Politico.

Read more about which executives are headed to Philly — and if there is reason for progressives to be concerned — at Politico. Jeva Lange

8:13 a.m. ET
Scott Barbour/Getty Images

Yahoo's tenure as an independent internet company is coming to an end. On Monday, Verizon confirmed its $4.8-billion buyout of the beleaguered web pioneer. Verizon won the bidding war for Yahoo after a five-month-long auction, following Yahoo's announcement in February that it would consider alternatives as its revenue continued to plummet.

All that's left of Yahoo now is its 35.5 percent stake in Yahoo Japan Corp. and 15-percent interest in Chinese e-commerce giant Alibaba Group Holding Ltd., which have a combined market value of roughly $40 million. Yahoo will hand over its email services, websites, advertising tools, and real estate assets. The deal will likely also end the tenure of the Yahoo CEO Marissa Mayer.

The deal, expected to double the size of Verizon's digital advertising, will reportedly close in the first quarter of 2017. Verizon's purchase marks the second time in two years that it has bought a fallen internet company; the wireless carrier bought AOL last year for $4.4 billion. Becca Stanek

7:27 a.m. ET

The Republican National Convention might have had its share of chaos, ranging from a plagiarism scandal to all-out mutiny, but Donald Trump did something right according to the latest polls. In a four-way competition including Gary Johnson and Jill Stein, Trump leads the current race for the White House following a 6-point post-convention bump, putting him at 44 percent to Hillary Clinton's 39 percent.

The CNN/ORC poll found that Trump's surge comes mainly from independents that were convinced by his convention in Cleveland — 43 percent reported being swayed by what they saw, while 41 percent said they were dissuaded. Overall, what voters heard and saw boosted Trump's favorability. CNN writes, "There hasn't been a significant post-convention bounce in CNN's polling since 2000. That year Al Gore and George W. Bush both boosted their numbers by an identical 8 points post-convention before ultimately battling all the way to the Supreme Court."

Two other polls published Monday will also raise concerns for the Clinton camp: Morning Consult shows Trump has pulled 4 points ahead of Clinton. CBS News shows Clinton and Trump in a dead heat, 42 percent to 42 percent after both the Republican Convention and Clinton's announcement of Sen. Tim Kaine as her running mate.

The CNN/ORC poll reached 882 registered voters by telephone between July 22 and 24 and has a margin of error of plus or minus 3.5. Jeva Lange

5:41 a.m. ET
Joe Raedle/Getty Images

Police say two people were killed and at least a dozen more were injured Monday in a shooting outside a nightclub in Fort Myers, Florida, NBC News reports. Shots were fired in the parking lot of Club Blu bar around 12:30 a.m. ET, officials say. One suspect is in custody but "the Fort Myers Police Department and Lee County Sheriff’s Office are actively canvassing the area looking for other persons who may be involved in this incident," police said in a statement.

The incident comes a little more than a month after a gunman killed 49 people in an attack on a gay nightclub in Orlando, Florida. Jessica Hullinger

3:15 a.m. ET

Whether it's Donald Trump appearing at the Republican National Convention with the strains of Queen in the background or Wisconsin Gov. Scott Walker (R) playing the Dropkick Murphys during a campaign stop, politicians have long been using music at their events against the wishes of the artists.

On Sunday's Last Week Tonight, John Oliver urged musicians to come together and take a stand against the unauthorized use of their work, and Usher, Michael Bolton, Josh Groban, Sheryl Crow, and others accepted his call to action. Watch the video below to hear their message to politicians, and also for a free song that any one of them could — and should — start using on the campaign trail. Catherine Garcia

2:47 a.m. ET
Philippe Lopez/AFP/Getty Images

It didn't work for Kramer and Newman, and prosecutors say it also didn't work for a man found with 10,000 empty cans in the back of a rented Budget truck.

In Michigan, recyclers receive 10 cents for the bottles they return, a higher refund than in most states where it is 5 cents. Under Michigan's bottle deposit law, it is illegal to recycle bottles and cans purchased out of state, with the maximum sentence being five years in prison. Prosecutors say that this is exactly what Brian Everidge planned to do when he was pulled over about 40 miles away from Detroit in April for speeding. The trooper said he found more than 10,000 aluminum cans in the back of Everidge's truck, and Everidge told him they were from Kentucky and "his intent was to return them; he just didn't say where he was going to return them."

Everidge's attorney is arguing that his client was improperly charged, since the trooper "caught him too early," The Guardian reports. "He attempted to attempt to return the bottles." He is charged with one felony count of beverage return of non-refundable bottles, and faces up to five years in prison. Wayne State University law professor Peter Henning said if Everidge is found guilty, he doubts he'll be put in prison — it would cost the state $35,500 a year for him to be incarcerated. Had Everidge returned all of the bottles in Michigan, Henning estimates he would have pocketed about $1,000. Catherine Garcia

1:48 a.m. ET

Goodbye Twilight Zone, hello Guardians of the Galaxy.

At Comic-Con in San Diego, Marvel Studios President Kevin Feige announced Disney is revamping its popular California Adventure elevator drop ride, The Twilight Zone Tower of Terror. The ride, which sends thrill seekers plummeting down several stories, will close in January and reopen in the summer of 2017 with a new theme: Guardians of the Galaxy. Disney bought Marvel Entertainment in 2009 for $4 billion, and fans have predicted that the attraction will be part of a new Marvel land at the Anaheim theme park, the Los Angeles Times reports.

Fans of the ride in its original form are not happy with the plan, and have let Disney know about their anger on Twitter and by launching a petition. One person even offered up another tower to be sacrificed instead:

Are you listening, Disney? Catherine Garcia

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