Carl Icahn
Intimidating, relentless and rich. That, in a nutshell, is Carl Icahn. His investment strategy is simple: find a company he thinks is poorly run and then start buying up shares of its stock. Then, start agitating until changes are made. Along the way, the companies he chooses generally start improving, improving his bottom line over and over. Lesley Stahl has his story.
NY governor linked to prostitution ring
Gov. Eliot Spitzer, the crusading politician who built his career on rooting out corruption, apologized Monday after he was accused of involvement in a prostitution ring. He did not elaborate on the scandal, which drew calls for his resignation. His stoic wife at his side, Spitzer told reporters at a hastily called news conference: "I have acted in a way that violates my obligations to my family." "I have disappointed and failed to live up to the standard I expected of myself," he said. "I must now dedicate some time to regain the trust of my family."
Today on the presidential campaign trail
Obama ridicules idea of second spot on a Clinton ticket ... McCain aims to ignite campaign with money, bio and issues tours ... New Philadelphia mayor, who is black, sticks with early endorsement of Clinton: Michael Nutter, this city's newly installed black mayor, is not wavering in his support for Hillary Rodham Clinton, even though her rival Barack Obama is expected to easily carry Philadelphia in Pennsylvania's Democratic presidential primary.
Nutter, a reform-minded former city councilman who took office in January, endorsed Clinton in December while she was the front-runner. Since then Obama's bid to become the first black president has garnered more votes, more delegates and more donations than the New York senator's equally historic bid to become the first female president.
Ohio digs out of record snowfall
Highway and utility crews cleared major highways in time for Monday morning commuters following the snowstorm that buried parts of Ohio in as much as 20 inches of snow during the weekend. Cleanup crews had to work overtime to remove snow that started falling Friday and finally let up Saturday evening. While many Ohio workers returned to their offices Monday, schools in Columbus and other central Ohio districts were closed because sidewalks and side streets were still jammed by heaps of snow. "We'll have slick spots out there," cautioned Mary Carran Webster, assistant public service director for Columbus.
Some oppose Harlem redevelopment plan
Harlem's heart still beats strong on 125th Street, a lively thoroughfare where remnants of the neighborhood's legendary past sit side-by-side with newly arrived banks and chain stores. But as new development sprouts among the soul food restaurants, funky record stores and such landmarks as the Apollo Theater, Harlem's main street — named one of the nation's 10 greatest last year — is struggling to retain the character residents have cherished for decades. On Monday, city officials are scheduled to vote on a massive rezoning plan for the corridor. The proposal would create condominiums, more performing arts space, hotels and a 21-story office tower with such high-profile tenants as Major League Baseball.
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Intimidating, relentless and rich. That, in a nutshell, is Carl Icahn. His investment strategy is simple: find a company he thinks is poorly run and then start buying up shares of its stock. Then, start agitating until changes are made. Along the way, the companies he chooses generally start improving, improving his bottom line over and over. Lesley Stahl has his story.
NY governor linked to prostitution ring
Gov. Eliot Spitzer, the crusading politician who built his career on rooting out corruption, apologized Monday after he was accused of involvement in a prostitution ring. He did not elaborate on the scandal, which drew calls for his resignation. His stoic wife at his side, Spitzer told reporters at a hastily called news conference: "I have acted in a way that violates my obligations to my family." "I have disappointed and failed to live up to the standard I expected of myself," he said. "I must now dedicate some time to regain the trust of my family."
Today on the presidential campaign trail
Obama ridicules idea of second spot on a Clinton ticket ... McCain aims to ignite campaign with money, bio and issues tours ... New Philadelphia mayor, who is black, sticks with early endorsement of Clinton: Michael Nutter, this city's newly installed black mayor, is not wavering in his support for Hillary Rodham Clinton, even though her rival Barack Obama is expected to easily carry Philadelphia in Pennsylvania's Democratic presidential primary.
Nutter, a reform-minded former city councilman who took office in January, endorsed Clinton in December while she was the front-runner. Since then Obama's bid to become the first black president has garnered more votes, more delegates and more donations than the New York senator's equally historic bid to become the first female president.
Ohio digs out of record snowfall
Highway and utility crews cleared major highways in time for Monday morning commuters following the snowstorm that buried parts of Ohio in as much as 20 inches of snow during the weekend. Cleanup crews had to work overtime to remove snow that started falling Friday and finally let up Saturday evening. While many Ohio workers returned to their offices Monday, schools in Columbus and other central Ohio districts were closed because sidewalks and side streets were still jammed by heaps of snow. "We'll have slick spots out there," cautioned Mary Carran Webster, assistant public service director for Columbus.
Some oppose Harlem redevelopment plan
Harlem's heart still beats strong on 125th Street, a lively thoroughfare where remnants of the neighborhood's legendary past sit side-by-side with newly arrived banks and chain stores. But as new development sprouts among the soul food restaurants, funky record stores and such landmarks as the Apollo Theater, Harlem's main street — named one of the nation's 10 greatest last year — is struggling to retain the character residents have cherished for decades. On Monday, city officials are scheduled to vote on a massive rezoning plan for the corridor. The proposal would create condominiums, more performing arts space, hotels and a 21-story office tower with such high-profile tenants as Major League Baseball.
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