National Business

Billionaire, entrepreneur and philanthropist Michael DeGroote died earlier this week, almost a month after his 89th birthday. DeGroote was well known for his contributions to Hamilton, Ont.

TORONTO — Pentwater Capital Management LP says it has increased its stake in Turquoise Hill Resources Ltd. to 13.77 per cent.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in August slowed compared with July.

CHARLESTON, W.Va. (AP) — A Maryland company announced Friday it will build a natural gas power plant designed to capture climate-changing carbon in northern West Virginia.

OTTAWA — Statistics Canada says wholesale sales fell 0.6 per cent in July to $80.2 billion, led by a drop in the personal and household goods subsector.

VANCOUVER — Agnico Eagle Mines Ltd. has signed a deal with Teck Resources Ltd. to take a 50 per cent stake in a copper-zinc project in Mexico for US$580 million.

BERLIN (AP) — Germany is taking control of three Russian-owned refineries in the country to ensure energy security before an embargo on oil from Russia takes effect next year, officials said Friday.

NEW YORK (AP) — Kanye West is breaking up with the Gap.

IZIUM, Ukraine (AP) — Ukrainian authorities found a mass burial site near a recaptured northeastern city previously occupied by Russian forces, President Volodymyr Zelenskyy announced Thursday night.

WASHINGTON (AP) — Rail companies and their workers reached a tentative agreement Thursday to avert a nationwide strike that could have shut down the nation's freight trains and devastated the economy less than two months before the midterm elections.