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DALLAS — This article was originally published by our content partners at the Dallas Business Journal. You can read the original article here . AT&T and Toyota are among the donors to President-elect Donald Trump's inauguration, which is expected to break fundraising records. That's according to the Wall Street Journal , which analyzed political donation disclosures to highlight giving by companies after a widespread slowdown in political donations in the wake of the Jan. 6, 2021 unrest at the U.S. Capitol. Toyota, which has its North American headquarters in Plano, has reportedly donated $1 million to the inauguration, while Dallas-based AT&T was described as a major donor alongside companies such as Goldman Sachs and Bank of America . In some ways, it's a return to form: large corporations typically donate to both political parties to maintain a good standing with top policymakers. Both AT&T and Toyota said as much in statements to Dallas Business Journal. Here was AT&T: "AT&T is contributing to the 2025 inaugural celebration as we have done for every inauguration for more than three decades regardless of which party won the White House. We invest and prepare our network extensively for events like these. All such contributions are made public." And here was what Toyota said: "The inauguration of a new president is a time-honored tradition in the U.S. Like many other companies, Toyota Motor North America is pleased to support the inauguration ceremony, reflecting our deep and growing U.S. presence.” The Wall Street Journal's analysis was focused on the fact that many companies had paused donations or changed their approach to political giving after the chaos at the Capitol. In that way, the donations could be seen as a return to form for corporate America, one that signals hope for a more harmonious relationship between the second Trump administration and big businesses. Those organizing the January inauguration expect to raise more than the $107 million collected for Trump's last inauguration, according to the WSJ. The paper identified 13 companies that have given $1 million or more, which is pacing to beat the 18 donations of $1 million or more for the 2017 inauguration fund. More Texas headlines : Related Articles 5 things to watch for in the Dallas Cowboys' matchup against the Philidelphia Eagles Year-in-review: The top 10 moments in DFW Sports in 2024 'Epic mess' at TGI Fridays examined by Wall Street Journal
Today's fortune: Dec. 3, 2024Stock market today: Stocks waver in thin trading after US markets reopen following a holiday pausePresident Joe Biden’s pardon of his son Hunter dismayed many political figures, including Democratic elected officials, who said they worried that the protection offered to the president’s child could undermine faith in the criminal justice system. Critics said Biden’s action might embolden President-elect Donald Trump to pardon his allies, including the hundreds of people who invaded the U.S. Capitol in 2021 in hopes of overturning Trump’s loss to Biden in the 2020 election. Others defended the Hunter Biden pardon, saying the president was protecting his son from a campaign of retribution Trump has promised to wage against his political opponents. The elder Biden issued the pardon Sunday, sparing his 54-year-old son from a possible prison sentence for federal gun and tax convictions. The president had previously promised he would not pardon his son. “President Biden’s decision put personal interest ahead of duty and further erodes Americans’ faith that the justice system is fair and equal for all,” U.S. Sen. Michael Bennet, D-Colo., wrote on the X social media site Monday. “While as a father I certainly understand President @JoeBiden’s natural desire to help his son by pardoning him,” Gov. Jared Polis wrote on X, “I am disappointed that he put his family ahead of the country. This is a bad precedent that could be abused by later Presidents and will sadly tarnish his reputation.” Referencing Hunter Biden’s struggles as a recovering drug addict, Polis added: “Hunter brought the legal trouble he faced on himself, and one can sympathize with his struggles while also acknowledging that no one is above the law, not a President and not a President’s son.” One of the state’s Democratic members of Congress also called the pardon “a mistake.” “Presidents hold enormous power and responsibility and must be held to a higher standard,” Rep. Jason Crow wrote on X . “They must instill trust and promote the American people’s faith in their democracy. And right now, upholding the fabric of our democracy is one of our most important tasks.” Others wondered how Biden could justify his action while not pardoning others who had suffered more. “There are a trail of shattered homes and broken families as a result of convictions for some of the crimes that Hunter was just absolved of. Where is their pardon?” Darvio Morrow, a radio entrepreneur wrote in an essay , saying Black men had suffered disproportionately. Several Republicans who had come out against Trump — in part for what they described as his abuse of the rule of law — also chastised Biden. “Biden is doing exactly the wrong thing by pardoning Hunter,” John Bolton, former national security advisor under Trump, wrote on X . “This will now give Trump the license to pardon all of his supporters including those from Jan 6th.” Former Republican Rep. Joe Walsh told MSNBC he worried Trump would twist the pardon for his own ends . “This just furthers the cynicism that people have about politics, and that cynicism strengthens Trump, because Trump can just say, ‘I’m not a unique threat. Everybody does this,’ “ Walsh said. “This was a selfish move by Biden, which politically only strengthens Trump. It’s just deflating.” Indeed, social media sites were awash Monday in mashups of Democrats and liberal commentators insisting during the heat of the presidential race that Biden had taken the high road by declining to pardon his son. Some Democrats defended Biden’s action, noting that Trump had his own challenges, including his conviction on 34 counts of falsifying business records in the hush money case involving his relationship with pornography star Stormy Daniels. ”If you defended the 34x felon, who committed sexual assault, stole national security documents, and tried running a coup on his country ... you can sit out the Hunter Biden pardon discussion,” Rep. Eric Swalwell, D-Calif., wrote on X. Rep. Jasmine Crockett, D-Texas, posted a video in which she contends that a Republican investigation in the House drove the prosecution of Hunter Biden. “I will say, way to go Joe,” Crockett said. “Let me be the first one to congratulate the president for deciding to do this, because at the end of the day, we know that we have a 34-count convicted felon that is about to walk into the White House.” Hunter Biden was convicted in June in Delaware federal court of three felonies for purchasing a gun in 2018 when, prosecutors said, he lied on a federal form by claiming he was not illegally using or addicted to drugs. He entered a guilty plea to misdemeanor charges in California in a case in which he originally was charged with failing to pay at least $1.4 million in taxes. Some Biden defenders said prosecutors took a particularly stern stance against the younger Biden to prove there was no favoritism. Eric Holder, who served as attorney general under President Barack Obama, posted on X: “Had his name been Joe Smith the resolution would have been — fundamentally and more fairly — a declination” on filing criminal charges. ©2024 Los Angeles Times. Visit at latimes.com . Distributed by Tribune Content Agency, LLC.
NEW YORK — Stoli Group USA, the owner of the namesake vodka , has filed for bankruptcy as it struggled to contend with slowing demand for spirits, a major cyberattack that has snarled its operations and several years of fighting Russia in court. The company in its bankruptcy filing said it is “experiencing financial difficulties” and lists between $50 million and $100 million in liabilities. Stoli vodka and Kentucky Owl bourbon will continue to be available on store shelves while the company navigates the Chapter 11 process, which only pertains to its U.S. business. Until 2022, Stoli was sold as Stolichnaya in the United States, which loosely translates to “capital city” in Russian. The company shortened its title following Russia’s invasion of Ukraine and boycotts against Russian-branded vodkas . Stoli Group’s founder, Russian-born billionaire Yuri Shefler, was exiled from that nation in 2000 because of his opposition to President Vladimir Putin. Intel announced on December 2 that CEO Pat Gelsinger has resigned after a difficult stint at the company. The once-dominant chipmaker’s stock cratered as it missed the AI boom and was surpassed by most of its rivals. The liquor has long been marketed as a Russian vodka, but its production facilities have been in Latvia for several decades. Stoli Group is a unit of Luxembourg-based SPI Group, which owns other spirit and wine brands. “The Stoli Group has been targeted by the Russian Federation since it was formed nearly 25 years ago,” said Stoli Group CEO Chris Caldwell in a statement. “Earlier this year the company and our owner were both named by the Russian state as ‘extremist groups working against Russia’s interests.’” Its ongoing legal battle with the Russia government has forced Stoli to “spend dozens of millions of dollars on this long-term court battle across the globe with the Russian authorities,” according to its court filing. Caldwell also said that Stoli’s global operations has been a “victim of a malicious cyber attack” that has forced the company to operate “entirely manually while the systems are rebuilt.” A slowdown in demand for alcohol has crushed several company’s bottom lines following the pandemic when people were stuck at home and stocked up. Stoli’s filings said that it has seen a “decline and softening of demand for alcohol and spirits products post-Covid and especially beginning in 2023 and continuing into 2024.” Stoli Group USA, maker of Stoli vodka, has filed for bankruptcy due to slowing demand for spirits, a major cyberattack, and ongoing legal battles with Russia. The-CNN-WireTM & © 2024 Cable News Network, Inc., a Warner Bros. Discovery Company. All rights reserved. Get the latest local business news delivered FREE to your inbox weekly.
SYRACUSE, N.Y. (AP) — Eddie Lampkin Jr. and Donnie Freeman each posted a double-double and Jaquan Carlos finished an assist shy of joining them as Syracuse closed out its nonconference schedule with a 75-63 win over Bucknell on Saturday. The Orange evened their record at 6-6 with their sixth win in seven home games, taking a 12-point lead at intermission and maintaining it through the second half, handing the Bison (4-9) their seventh straight loss. Syracuse, which lost its Atlantic Coast Conference opener to Notre Dame, finished nonconference play 6-5. Lampkin and Freeman combined to score 24 first-half points and helped the Orange dominate the boards in the first half, 18-11. Pip Ajayi dunked near the 14-minute mark to get Bucknell within five, 48-43, but Elvin Edmonds IV missed a 3-point attempt to make it a one-possession game a minute later and Lampkin scored to push the lead to seven. Kyle Cuffe Jr. scored back-to-back baskets and Carlos added a layup to push the Syracuse lead back to a dozen points, 56-44. Lampkin finished with 18 points and 11 rebounds scored 15 points, grabbed 11 boards and dished three assists with a steal. Carlos posted 11 points with nine assists and three steals. Syracuse outrebounded Bucknell 43-27. John Bascoe hit 6 of 11 from behind the arc and led the Bison with 22 points. Noah Williamson finished with 12 points and eight rebounds. Syracuse opens the heart of its ACC schedule when it plays host to Wake Forest on New Year's Eve. Bucknell opens Patriot League play January 2 at Lehigh. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball