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NEW YORK — New York’s attorney general has sent a subpoena to the Trump Organization for records related to consulting fees paid to Ivanka Trump as part of an investigation into the president’s business dealings. That's according to a law enforcement official who spoke to The Associated Press Thursday on condition of anonymity. The New York Times reported that a similar subpoena was sent to President Donald Trump’s company by the Manhattan district attorney, who is conducting a parallel probe. The records requests followed recent reporting in The Times, based partly on two decades’ worth of Trump’s tax filings, that the president had reduced his company’s income tax liability over several years by deducting million in consulting fees as a business expense.Records strongly suggested, The Times reported, that 7,622 of those fees had been paid to Ivanka Trump, the president’s daughter, through a company she owned at a time when she was also a Trump Organization executive.If true, that wouldn’t necessarily pose a problem for Ivanka Trump herself, as long as she paid income tax on the consulting payments, which she reported publicly.It could, however, raise questions about whether the Trump Organization’s related tax deductions were allowable. The Internal Revenue Service has, in the past, pursued civil penalties over large consulting fee write-offs it found were made to dodge tax liability.Ivanka Trump tweeted that the subpoenas were “harassment pure and simple.” 1498

NEW YORK (AP) — In a litmus test for American moviegoing in the pandemic, Christopher Nolan’s “Tenet” brought in an estimated .2 million through the holiday weekend in U.S. and Canadian theaters. The result could be greeted as either the rejuvenation of U.S. cinemas — more Americans went to the movies this weekend than they have in nearly six months — or a reflection of drastically lowered standards for Hollywood’s top blockbusters given the circumstances. About 70% of U.S. movie theaters are currently open. Those in the country’s top markets, Los Angeles and New York, remain closed. Warner Bros. has emphasized that the usual opening-weekend calculus is out the window. Few onlookers felt it was possible to gauge how “Tenet” would open. The film, which cost 0 million to make and at least 0 million to market, will need to get close to 0 million to break even.The Walt Disney Co. also debut its 0 million live-action “Mulan” remake, but did so in a on-demand purchase for Disney+ subscribers. 1028

Negotiations have slowly progressed in recent days as members of Congress and the White House try to iron out details in the next round of economic stimulus amid the coronavirus.One of the key issues where the sides have not found much agreement is on expanding food stamp benefits, which is a priority for Democrats. When the Senate GOP released their latest stimulus proposal last week, it did not include expanded food assistance.While generally Republicans have not been in favor of expanding food stamp benefits, one prominent Republican said on Tuesday he is supportive of increasing food assistance.Pat Roberts, R-Kan., told the Associated Press that he has raised the issue with Senate Majority Leader Mitch McConnell. The Kansas Republican is the chair of the Senate Agriculture Committee.“They are taking a look at it and I think we can get a positive result,” Roberts told The Associated Press. “If we can get a breakthrough on that, it could lead to some other stuff.”In May, Democrats approved a .5 billion stimulus plan of their own, which both the White House and Senate Republicans said they would not consider for a myriad of reasons.The House Democrats’ bill would have increased SNAP benefits by 15% through September 30, 2021, and would have provided an extra billion in food assistance through the pandemic.Feeding America, which is a consortium of the nation’s food banks, criticized the Senate Republicans’ proposal that was released last week, which did not include increased funding for food assistance. According to Feeding America projections, an estimated 17 million additional Americans are expected to become food insecure in 2020, placing further strain on the nation’s food banks and pantries.“The people we serve – many who are visiting our food banks for the first time – are waiting in hours-long lines for food,” said Kate Leone, Chief Government Relations Officer for Feeding America. “Not increasing investment in food, transportation, and storage, as well as the capacity to help our network feed millions more families during this economic downturn is a missed opportunity.”While there is a general consensus in Washington on sending out another wave of ,200 stimulus checks, other issues remain unsolved, including unemployment supplements and liability protection for companies. 2337

NEW YORK, N.Y. – Peloton has issued a recall for some of its bike pedals due to a laceration hazard.Thursday, that home fitness company said about 54,000 of its PR70P clip-in pedals are being recalled. They’re the first-generation pedals fitted on Peloton bikes sold between July 2013 and May 2016.The company has received at least 120 reports of pedals breaking, including 16 reports of leg injuries, five of which required medical care, according to the U.S. Consumer Product Safety Commission.The Peloton logo and the word "PELOTON" are molded into the pedal body. An orange Peloton symbol and white lettering spelling "PELOTON" are also printed on the top of the cleat binding. They were fitted on bikes that sold for about ,000.Peloton says anyone with these pedals should stop using them immediately and that it’s notifying all affected consumers directly on how to receive free replacement pedals, along with instructions for self-installation.Peloton says its pedals are warranted for one year and all remaining PR70P clip-in pedals in service are out of warranty. The company recommends consumers replace their pedals annually. 1146

Nissan is preparing to oust its chairman, Carlos Ghosn, after announcing the discovery of "significant acts of misconduct" over many years by him and another top executive."Nissan has been providing information to the Japanese Public Prosecutors Office and has been fully cooperating with their investigation," the Japanese carmaker said in a statement. "We will continue to do so."It said an investigation found that Ghosn and another board member had been under-reporting Ghosn's compensation."Numerous other significant acts of misconduct have been uncovered, such as personal use of company assets," Nissan (NSANY) added.CEO Hiroto Saikawa will propose to Nissan's board of directors to "promptly remove Ghosn from his positions as chairman and representative director," the company said.Shares in French automaker Renault (RNSDF), of which Ghosn is CEO, plunged as much as 13% in Paris. Nissan's announcement came after the close of trading in its shares in Tokyo. 977

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