National Business

TORONTO — Brookfield Asset Management Ltd. says its deal for Australia's Origin Energy Ltd. has failed to achieve the required shareholder support.

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 .

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

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.

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.