Category: Business News

Is the FTC Banning Non-Competes?

Earlier this month, the Federal Trade Commission (FTC) proposed a rule that will ban many non-compete agreements throughout the country if it is enacted.

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Non-compete agreements are agreements that prevent employees from working in certain industries following employment with their current employer. They are often limited by geographic scope and time.

For example, a non-compete clause may prevent a physician from working in the medical field for one year following …

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BC wood manufacturers to get bigger cut of the cut – Business News

Wood manufacturers in B.C. that have little or no Crown tenure will get increased access to logs through BC Timber Sales.

BC Forests Minister Bruce Ralston Tuesday announced a new program – the BC Timber Sales (BCTS) Value-Added Manufacturing Program – that will set aside 10% of BC Timber sales for qualifying businesses.

It will not be open to conventional lumber producers. Only higher value-added manufacturers will qualify. That includes veneer and plywood, engineered wood products, shakes and shingles, log home manufacturing, decking and flooring.

The announcement was made Tuesday at Coastland Industries Ltd., which makes veneer in

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It’s not necessary for everyone. Here are the rules.

Not everyone is required to file taxes, but most Americans are and are likely to file taxes.

Of the 176.2 million individuals and married couples who could file a tax return in 2020, about 144.5 million of them filed a tax return, according to the nonpartisan Washington think tank Tax Policy Center. Whether you need to file your taxes depends mostly on your income, filing status, and age. In special situations, you may have to file a tax return regardless of your income, though. For example, if you have net earnings of at least $400 from self-employment, you’re required to

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BC brokerage caught violating freeze order on $1.4M accounts – Business News

BC brokerage fined

Graeme Wood / Glacier Media – | Stories: 408048

Vancouver brokerage firm Haywood Securities must pay a $50,000 fine after the BC Securities Commission said it “inadvertently” allowed an account holder to make trades through one of his frozen accounts.

In 2019, the commission had frozen accounts holding $1.4 million.

“Haywood violated the freeze order by inadvertently allowing an account holder to make six purchases in one of his frozen accounts and four transfers between different frozen accounts in 2019 and 2020. One of those trades led

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Microsoft reports outage for Teams, Outlook, other services – Business News

Wide Microsoft outages

The Associated Press – | Stories: 408108

Microsoft said it’s seeing some improvements to problems with its online services including the Teams messaging platform and Outlook email system after users around the world reported outages Wednesday.

In a status update, the tech company reported “service degradation” for a number of its Microsoft 365 services.

Thousands of users reported problems with Teams, Outlook, the Azure cloud computing service and XBox Live online gaming service early Wednesday on the Downdetector website, which tracks outage reports. Many users also took

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‘Small percentage’ of RI employees will be laid off

THE NUMBER of Rhode Island employees that will be impacted by the latest round of Hasbro Inc.’s announced layoffs remains uncertain. Hasbro spokesperson Allison McEneaney told Providence Business News Friday that “a small percentage of the impacted employees work in our Rhode Island offices.” However, McEneaney would not comment further, only adding reductions which would start to take effect within the next several weeks. /PBN PHOTO FILES

PAWTUCKET – Hasbro Inc. spokesperson Allison McEneaney told Providence Business News Friday that only “a small percentage” of the approximately 1,000 employees the company will soon begin laying off work in Rhode Island.

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Popular Ottawa diner closing after 55 years in business

A popular diner is closing its doors after 55 years. The family business has been an Ottawa staple for several generations.

At the Brookfield Restaurant, Joyce Aboud has been the owner alongside her husband for decades.

Aboud took over her family business in the 1980s, but has been working there since it opened.

“It was July 1, 1967, Centennial year and Canada Day,” she said. “It really was a special day and I worked that day at 12 years old.”

The restaurant offers breakfast and lunch with some Lebanese dishes on the menu. The location on Brookfield Road started as

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Elon Musk’s tweeting style seizes spotlight in Tesla trial – Business News

Tesla CEO Elon Musk’s impulsive and sometimes inflammatory usage of Twitter took center stage Wednesday in a trial focused on whether he misled investors with his 2018 tweets indicating he had lined

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