National Business

NEW YORK (AP) — New York prosecutors urged a judge Friday to order California lawyer Michael Avenatti to begin serving a 2 1/2-year prison term, more than a year after he was convicted of trying to extort up to $25 million from Nike.

OTTAWA — The federal government ran a deficit of more than $57 billion over the first five months of its fiscal year, about $114 billion less than the treasury pumped out during the same stretch one year earlier.

NEW YORK (AP) — The fatal shooting by Alec Baldwin on a movie set has put a microscope on an often-unseen corner of the film industry where critics say the pursuit of profit can lead to unsafe working conditions.

MONTREAL — Dorel Industries Inc. says the Luxembourg Administrative Court has confirmed a tribunal ruling that one of Dorel’s subsidiaries owes US$64.2 million in tax.

WASHINGTON (AP) — Wages and salaries jumped in the three months ending in September by the most on records that date back 20 years as companies are forced to offer higher pay to fill a near-record number of available jobs. Pay increased 1.

ST. JOHN'S, N.L. — Fortis Inc. says it earned $295 million in its third quarter, up from $292 million in the same quarter last year. The power and gas utility says the profit amounted to 63 cents per share for the quarter ended Sept.

CALGARY — Shaw Communications Inc. says it remains committed to its deal to be bought by Rogers Communications Inc. as it reported its fourth-quarter profit rose more than 40 per cent compared with a year ago.

CALGARY — TransAlta Renewables Inc. lowered its financial guidance for this year as it said it has found cracks in several foundations of the turbines at a wind farm in New Brunswick where a tower collapsed earlier this month.

OAKLAND, Calif. (AP) — Like many companies in trouble before it, Facebook is changing its name and logo. Facebook Inc. is now called Meta Platforms Inc.

CALGARY — Brookfield Infrastructure Partners L.P. says it has completed the acquisition of Inter Pipeline Ltd. The transaction was approved near unanimously by Inter Pipeline shareholders and received final approval from an Alberta court.