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Trump to cede ‘complete’ control of business to sons

NEW YORK: Donald Trump said Wednesday he had formally handed "complete and total" control of his business empire to his adult sons, Don Jr and Eric, in a bid to avoid conflicts of interest once he enters the White House.  The 70-year-old Trump, who is the wealthiest man to become US president, has been beset by accusations of conflict of interest ever since his electoral defeat of Democratic former secretary of state Hillary Clinton in November. The Trump Organization, whose network of hotels, golf clubs and luxury…

Trump decides to dissolve his under scrutiny foundation

NEW YORK: US President-elect Donald Trump said on Saturday he intends to dissolve his charitable foundation, the Donald J. Trump Foundation, which has been under investigation by the New York attorney general. Trump gave no timeline for winding down the foundation, but said in a statement that he wanted "to avoid even the appearance of any conflict with my role as President." He directed his counsel to take the necessary steps for the dissolution. With less than four weeks to his Jan. 20 inauguration, the real estate…