Carl Icahn, the billionaire investor who has been laying siege to corporate boards for decades, will be named special adviser to Donald Trump on overhauling regulations, according to a person familiar with the matter.
For years, Icahn considered himself the ultimate outsider, painting his role as storming corporate castles run for country club executives by traversing moats and battling the highly-paid and established knights of those in power, like investment bankers from Goldman Sachs. His detractors attacked Icahn for being a corporate raider trying to sack corporations for quick profits. But with Trump winning the White House, Icahn now has the keys to the kingdom, or at least the ear of the president-elect.
Trump Names Carl Icahn as Adviser on Regulatory Overhaul
A 148-year-old temperature record broken in Australia
Sydney has just broken a record that has stood since 1868 - the overnight temperature stayed above 27C.
In December 1868, Sydney registered a minimum temperature of 26.3C, a record that had stood ever since. On Tuesday night, the minimum was 27.1C. It also makes it the second hottest night on record for any month of the year, a Bureau Of Meteorology spokesperson said.
Sydney is experiencing high temperatures, at day and night, and in December, that is surprisingly uncommon.
Tuesday saw a maximum temperature of 39C and on Wednesday, it was 37.5.
Syria government renews shelling on east Aleppo
Syrian government forces renewed shelling on the last holdouts of rebel-held eastern Aleppo, raising fears that a deal to evacuate civilians and fighters from the devastated city may not be honoured.
"There is artillery [being fired] now ... as I speak," Zouhir Al Shimale, a journalist in east Aleppo, told Al Jazeera in a WhatsApp message on Wednesday.
"There aren't any clashes," he said, explaining rebel groups were not fighting at the moment. "There are injuries, but we don't know how many. We can't go outside because the shelling is indiscriminate."
Hardee’s, Carl’s Jr. CEO Tapped as Labor Secretary
President-elect Donald Trump will reportedly tap Andy Puzder, chief executive of the company that owns the Hardee's and Carl's Jr. franchises, to be the next secretary of labor.
Puzder, a proponent of free-market economics, was one of Trump's staunchest advocates in the business community during the election.
Trump has not officially announced Puzder's nomination, but the Wall Street Journal and Bloomberg have reported based on anonymous sources that it will be announced as early as Thursday. The fast-food magnate has long rumored to be the top candidate for the Cabinet post.
Magnitude-6.5 earthquake reported off Northern California
A 6.5 magnitude earthquake struck Thursday morning off the Northern California Coast that was felt in the Bay Area, officials said.
The quake hit on the San Andreas fault about 7 a.m. in the Pacific Ocean, about 100 miles off coast of Ferndale in Humboldt County, according to the U.S. Geological Survey. It was initially reported as a 6.8 magnitude quake, and later downgraded to a 6.5 rattler.
Edward Snowden: David Petraeus Disclosed 'Far More Highly Classified' Secrets Than I Did
In an exclusive interview with Yahoo Global News Anchor Katie Couric, Edward Snowden says that former CIA Director Gen. David Petraeus — who is under consideration to become President-elect Donald Trump’s secretary of state — disclosed “information that was far more highly classified than I ever did” and yet never “spent a single day in jail.”
The fugitive former National Security Agency contractor told Couric that Petraeus’s case is evidence that “We have a two-tiered system of justice in the United States, where people who are either well-connected to government or they have access to an incredible amount of resources get very light punishments.”
Anti-Trump forces launch attack on Electoral College
Anti-Trump forces are preparing an unprecedented assault on the Electoral College, marked by a wave of lawsuits and an intensive lobbying effort aimed at persuading 37 Republican electors to vote for a candidate other than Donald Trump.
It’s a bracing stress-test for an institution that Alexander Hamilton envisioned as a safeguard against popular whims, and a direct challenge to the role that the Electoral College has evolved to play in picking the president: constitutional rubber stamp.
Carrier agrees to keep 1,000 jobs in Indianapolis
Carrier Corp. is staying in Indianapolis after all.
Nearly nine months after announcing it would relocate its Indianapolis operations to Mexico, Carrier has reached an agreement with the incoming Trump administration to keep 1,000 jobs in the city. The company confirmed its plan on Twitter.
President-elect Donald Trump and Vice President-elect Mike Pence are scheduled to be in Indianapolis Thursday for a formal announcement, according to a transition official. Another source, who is familiar with the plan, said state incentives are part of the deal.
3 Resorts Reported Destroyed by Tennessee Wildfires
More than 100 structures in the city of Gatlinburg, Tennessee, have been damaged, Mayor Mike Warner said Tuesday morning. More than 150 other structures have been damaged or destroyed in other parts of Sevier County, county Mayor Larry Waters told reporters at a news conference.
Warner, the Gatlinburg mayor, says he believes that his house is among those lost.
"But things can be rebuilt. Our downtown's intact, and that's really great for our economy" and the city's future, Warner said. "We will rebuild, and we will remain the premier resort community that we are. ... It will be OK."
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