President-elect Donald Trump will not divest from his business or put his assets in a blind trust, but he plans to resign from the Trump Organization, handing it over to his sons, and put his ownership stake in a trust. After months of uncertainty surrounding Trump's relationship with his business while in the Oval Office, he and his attorney provided details at a press conference Wednesday. Trump's sons, Donald Jr. and Eric, will manage the business while Trump and his daughter Ivanka will resign from their leadership roles within the company, his attorney said from the lobby of Trump Tower in Manhattan. Trump said he would not speak to his sons about the business. The company has pledged not to make any new foreign deals while Trump is in office, Dillon said.

Source: Forbes January 11, 2017 17:49 UTC