A Day Care and a Dog Rescue Benefit: On Facebook, They Were Political Ads

What do a day care center, a vegetarian restaurant, a hair salon, an outdoor clothing maker and an investigative news publisher have in common? To Facebook, they looked suspiciously like political activists. Facing a torrent of criticism over its failure to prevent foreign interference during the 2016 election, the giant social network recently adopted new rules to make its advertising service harder to exploit. Under the new rules, advertisers who want to buy political ads in the United States must first prove that they live in the country, and mark…

S.E.C. Judges Were Appointed Unlawfully, Justices Rule

Justice Kagan wrote that the administrative law judge, Judge Cameron Elliot, had not been properly appointed. That meant, she wrote, that Mr. Lucia was entitled to new hearing. “And we add today one thing more,” Justice Kagan wrote. “That official cannot be Judge Elliot, even if he has by now received (or receives sometime in the future) a constitutional appointment. Judge Elliot has already both heard Lucia’s case and issued an initial decision on the merits. He cannot be expected to consider the matter as though he had not adjudicated…

OPEC rift deepens as Iran walks out of key meeting in Vienna

Author:  AFP Thu, 2018-06-21 20:02 ID:  1529611891965266200 VIENNA: Iran’s oil minister walked out of a key meeting with OPEC peers on Thursday, as a rift deepened with regional rival Saudi over its push to ramp up the cartel’s oil output. “I do not think we can reach an agreement,” Bijan Namdar Zanganeh told reporters at his Vienna hotel after storming out of talks with a group of ministers on the eve of a crucial OPEC meet. The talks were meant to lay the groundwork for Friday’s gathering of the 14-nation…

Supreme Court decision to allow more online sales tax worries Main Street

Small business advocates largely grumbled after the nation’s highest court overturned a decades-old decision on online sales tax. The Supreme Court ruled Thursday that states now have the power to force online retailers to collect sales tax in states where they do not have a physical presence, reversing a ruling from 1992 in a 5-4 decision. The move also revives a 2016 South Dakota law that required large, out-of-state e-commerce companies to collect sales tax, one that big e-commerce players fought. Some online retailers, such as Amazon.com, currently collect state…

Stitch Fix is up 90% since its IPO, and traders say it’s going higher

Stitch Fix shares are on fire, and some traders are betting the rally will get even hotter. Shares of the clothing subscription company soared more than 8 percent on Thursday, and are up more than 11 percent so far this week. The move was in part due to rumors that billionaire Oprah Winfrey was taking a stake in the company, which were quickly denied by a Winfrey representative. According to Dan Nathan of RiskReversal.com, the options market is sizzling for the stock. On Wednesday, Nathan highlighted a block of traders…

A Toppers Pizza ad features a Domino’s truck, and Domino’s threatens to sue

Toppers’ founder and CEO Scott Gittrich said he has no intention of scrapping the advertisement. “We don’t have the hundreds of millions of dollars that our competitors do to rain down TV commercials 10 times during every football game,” Gittrich told CNBC. “We have to make our marketing work a little bit harder. We have to say it more directly.” Toppers has 86 locations in 15 states compared with the more than 5,600 locations that Domino’s oversees nationwide. “Our brand voice has always reflected my own voice, which is kind…

Here’s what that Supreme Court sales tax decision means for you

If you’ve been ducking sales taxes for your online purchases, it’s game over. The Supreme Court is about to make it easier for your state to collect its share. In a 5-4 ruling in favor of South Dakota and against online retailer Wayfair, the court decided that states can require merchants to collect sales taxes for online purchases. Online shoppers who reside in one of the 45 states that have a sales tax should have been reporting and remitting those levies to their state of residence. If you haven’t been…

The Small Club of Bank Executives Charged With Crisis-Era Crimes Just Got Bigger

Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ In a Dublin courtroom earlier this month, David Drumm, the former C.E.O. of Anglo Irish Bank, joined an exclusive club. He became the latest senior banking executive to be convicted of a crime tied to the 2008 global financial crisis. Mr. Drumm was found guilty of fraud and false accounting in connection with a plan to falsely convince people that Anglo Irish was financially healthier than it really was. On…

Trumps and Kushners Cut Ties on Hotel Deals That Raised Eyebrows

The Trumps and the Kushners are parting ways — not the White House power couple Ivanka Trump and Jared Kushner, but their family businesses on hotel collaborations in New Jersey, according to people briefed on the situation. Kushner Companies and the Trump Organization recently dropped plans for the Trumps to manage an oceanfront hotel that the Kushners are building at the Jersey Shore. The companies also terminated an arrangement that had the Trumps managing a hotel outside New York City in Mr. Kushner’s childhood hometown, Livingston, N.J. Ethics watchdogs had…

T.S.A. Expands International Carry-On Limits to Powder

The list of carry-on limits airline passengers can carry in their cabin baggage on international flights will soon include powdered material, the Transportation Security Administration has announced. A Transportation Security Administration supervisor screened luggage at Quincy Regional Airport in Quincy, Ill.CreditSteve Bohnstedt/Quincy Herald-Whig, via Associated Press The list of carry-on limits airline passengers can carry in their cabin baggage on international flights — which currently includes liquids, gels, aerosols and creams — will soon include powdered material, the Transportation Security Administration has announced. The limit on powders to 350 milliliters,…