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…

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,…

Benetton ‘Migrants’ Ads Draw Outrage for Using Photos of Real Migrants

LONDON — Benetton, the Italian fashion retailer known for its brightly colored knits and provocative campaigns, may not be the global powerhouse it once was. But the company was back in the news this week for an ad that strikes at the heart of an issue bedeviling European borders: migration. The company repurposed two photographs from recent migrant rescue operations by staff members from the Franco-German charity SOS Méditerranée for an advertising campaign, drawing howls of protest that the ads were insensitive and exploitive. One image depicted charity workers handing…

Bank Investors Await U.S. Stress Test Results for Capital Returns

NEW YORK — U.S. investors expect banks and other financial institutions to announce large returns of capital to shareholders after the Federal Reserve publishes the first set of results from its annual “stress test” late Thursday. Even so, gains in financial shares may be muted. Many of the 38 financial companies undergoing the test are expected to boost dividends and share buybacks as a result of higher profits on the back of tax cuts and rising net interest income. Banks will be able to unveil capital return plans for the…

Supreme Court Clears Way for Sales Taxes on Internet Merchants

WASHINGTON — Internet retailers can be required to collect sales taxes in states where they have no physical presence, the Supreme Court ruled on Thursday. Brick-and-mortar businesses have long complained that they are disadvantaged by having to charge sales taxes while many of their online competitors do not. States have said that they are missing out on tens of billions of dollars in annual revenue under a 1992 Supreme Court ruling that helped spur the rise of internet shopping. On Thursday, the court overruled that ruling, Quill Corporation v. North…

Intel C.E.O. Resigns After Relationship With Employee

Intel, the world’s largest maker of semiconductors, said on Thursday that its chief executive, Brian Krzanich, resigned over a past consensual relationship with an Intel employee. The company said Mr. Krzanich had violated a non-fraternization policy that applies to managers. Robert Swan, Intel’s chief financial officer, has been appointed interim chief executive. “Intel was recently informed that Mr. Krzanich had a past consensual relationship with an Intel employee,” the company said in a statement. “An ongoing investigation by internal and external counsel has confirmed a violation of Intel’s non-fraternization policy,…

Chanel Publishes Annual Results for First Time in 108 Years

LONDON — Synonymous with French high fashion and blockbuster Parisian runway shows, Chanel is one of the biggest brands in the global luxury business. Its outrageous octogenarian creative director and the personal style of its chic female founder are the stuff of legend. But how much the company makes from global sales of its No. 5 perfume, ready-to-wear collections and array of accessories has been a closely guarded secret, until now. In a radical about-turn, Chanel — founded by Coco Chanel, an aspiring actress and seamstress, with the opening of…