• Reuters

    US ban on worker noncompetes faces uphill legal battle

    The U.S. Federal Trade Commission's ban on "noncompete" agreements commonly signed by workers is likely vulnerable to legal challenges, experts said, as some courts have grown increasingly skeptical of federal agencies' power to adopt broad rules. The commission in unveiling the rule on Tuesday said agreements not to join employers' competitors or launch rival businesses suppress workers' wages and stunt their mobility and job opportunities. About 30 million people, or 20% of U.S. workers, have signed noncompetes, the agency said.

  • Reuters

    UPDATE 1-GE Vernova reports wider-than-expected Q1 loss in first post-spinoff results

    General Electric's energy spin-off company, GE Vernova, reported a wider-than-expected first-quarter loss on Thursday, as weakness in its wind segment offset demand for natural-gas related equipment and services. GE Vernova, which became an independent company this month following a three-way split of General Electric, provides services and equipment to the energy sector, operating through three main businesses - power, wind, and electrification. In contrast, the power segment saw higher orders for gas turbines and more demand for gas power services due to outages, leading to a 6% jump in sales.

  • Local Journalism Initiative

    Alberta's emissions reduction plan fails to make progress in first year: report

    Since Alberta introduced its Emissions Reduction and Energy Development plan last April, the provincial government has made "no meaningful progress" in the development and implementation of the plan, according to an analysis released Friday by the Pembina Institute. The assessment report found that in the last year, the government of Alberta had not begun preliminary stakeholder consultations, which it described as a "key first action in identifying how it will practically reduce emissions acros