FTC Bans Noncompete Agreements for Employers, Chamber of Commerce Sues to Block It
The Federal Trade Commission (FTC) has banned nearly all non-compete employment agreements that prohibit workers from leaving for competing companies or starting their own companies. The ban passed by a narrow 3-2 vote on Tuesday after the commission received more than 26,000 public comments, some of which were mentioned by Commissioner Lina Khan. “We have […]
Chamber, business groups sue FTC to block noncompete ban
A business group led by the U.S. Chamber of Commerce sued the Federal Trade Commission (FTC), challenged the decision to prohibit noncompete agreements. The FTC passed a rule blocking new noncompete agreements on a 3-2 vote Tuesday. The rule also requires employers to terminate existing non-compete agreements and notify current and former employees that the […]
US expected to block military aid to Israeli army unit. What is the Leahy law?
Israel said its biggest ally the United States would block military aid to Israeli troops as soon as Monday, citing gross human rights violations in the Israeli-occupied West Bank before the Gaza war began six months ago. I expect it to be announced. The move marks the first time in the decades-long partnership between the […]
FTC sues to block $8.5B merger that would unite luxury brands Coach and Michael Kors
The Federal Trade Commission announced Monday that it has filed a lawsuit seeking to block Coach’s parent company Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri, saying it eliminates competition. This comes as several U.S. lawmakers are calling for increased FTC oversight of multibillion-dollar transactions that risk price gouging and could impact consumers. […]
2 Killed, 6 Injured In Mass Shooting At Memphis Block Party
MEMPHIS, TN – SEPTEMBER 7: Police are investigating the scene of a carjacking that was reported to be related to a series of shootings on September 7, 2022 in Memphis, Tennessee. Memphis police have arrested a 19-year-old man for allegedly live-streaming the shootings of multiple people across the city on Facebook, according to published reports. […]
Mass shooting at Memphis block party leaves 2 dead, several others wounded
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Bitcoin Rally Holds Around $63,700 Following 4th Block Reward Halving – CoinDesk
Bitcoin (Bitcoin) The stock price has stabilized around $63,700 due to the cryptocurrency’s fourth halving, which will change the economics of the miners that support the Bitcoin ecosystem. BTC recently barely rose from its level just before the 840,000th Bitcoin block was mined as of the start of Saturday UTC time. Bitcoin fell to $59,685 […]
Judge shoots down Texas AG Paxton’s attempt to block guaranteed income program
A Houston district judge on Thursday rejected Texas Attorney General Ken Paxton’s attempt to block the Guaranteed Income Program. In Harris County’s 165th Civil Court, Judge Ursula Hall rejected Paxton’s argument that the Uplift Harris program, which distributes monthly benefits to more than 1,900 low-income residents, is unconstitutional. “Even if a program has a public […]
Senate Dems Block Standalone Israel Aid Bill
Senate Democrats blocked a standalone Israel bill Monday evening introduced by two GOP senators that would have provided the country with additional aid as tensions in the Middle East continue, lawmakers confirmed. Republican Tennessee Sen. Marsha Blackburn and Kansas Sen. Roger Marshall pushed for lawmakers to vote on the standalone bill, leaving out both Ukraine […]
FTC may try to block yet another business merger
See what’s being clicked on FoxBusiness.com federal antitrust regulator Coach is planning to file a lawsuit to block owner Michael Kors’ $8.5 billion bid to buy Capri by Tapestry, Coach’s parent company, according to a report. new york times dealbook. The Federal Trade Commission (FTC) is scheduled to hold a meeting next week to discuss […]