Found the problem of not being able to click on Favorites then click on Add To Favorites and get the drop down window to pick the folder where I want to put a website. It also fixed the problem of not being able to sign out of websites. Here it is:
If your using Windows 7 DO NOT INSTALL Kaspersky 2016! It has a problem with IE 11. I think it was for Windows 10 users only.
What I did was go to
www.kaspersky.com and download the install for Kaspersky Internet Security (or which ever one you bought) 2015 ver. 15.0.0.463 FIRST UNCHECK THE UPDATE TO LASTEST VERSION BOX!!
Then I uninstalled Kaspersky Internet Security 16.1.x.xxx keeping my license info only.
Then I went to the download file and started the install, DO NOT ENABLE the Kaspersky "URL Advisory Plugin" that may be a problem too. Installation then was easy and all problems solved!! WHEW!