National Business

TORONTO — `Russel Metals Inc. has signed a deal to buy seven service centre locations from Samuel, Son & Co. Ltd. for about $225 million. The agreement covers five locations in Western Canada and two in the United States.

LONDON (AP) — Spotify says it's axing 17% of its global workforce, the music streaming service's third round of layoffs this year as it moves to slash costs while focusing on becoming profitable.

Canada's telecom sector faced a significant shakeup in 2023 after Industry Minister François-Philippe Champagne handed down a mandate requiring the CRTC to prioritize consumer rights, affordability, competition and universal access.

SEATTLE (AP) — Alaska Airlines said Sunday it agreed to buy Hawaiian Airlines in a $1.9 billion deal, including debt, putting it on track for a potential clash with a Biden administration that has shown wariness about higher fares in the industry .

It's been more than five years since A&W first started selling Beyond Meat burgers to customers eager to see whether the patties could compete with their beloved beef.

Five things to watch for in the Canadian business world in the coming week.

DUBAI, United Arab Emirates (AP) — A “potential explosion” has struck a key shipping route off the coast of Yemen, the British military said Sunday.

Michigan officials approved a $500 million plan Friday to encase in a protective tunnel a portion of an aging oil pipeline that runs beneath a channel connecting two Great Lakes, leaving just one more regulatory hurdle for the contentious project.

PANAMA CITY (AP) — Canada’s First Quantum Minerals Ltd. announced Friday it has requested arbitration proceedings to fight a Panamanian decision to halt a major open-pit copper mine concession in Panama or obtain damages.

TORONTO — Some of the most active companies traded Fridayon the Toronto Stock Exchange: Toronto Stock Exchange (20,452.87, up 216.58 points): Suncor Energy Inc. (TSX:SU). Energy. Down 21 cents, or 0.47 per cent, to $44.53 on 19.2 million shares.