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iTunes to drop copy protection

Apple introduces new pricing strategy, removes DRM from most songs


As it cut deeply, Fed feared protracted rut

Notes from key rate -setting meeting show U.S. central bank expected long slump


Russian gas dispute leave thousands without heat

EU demands speedy end to impasse; shipments via Ukraine are cut off amid dispute


Economy

Flaherty hints personal tax cuts may be in budget

Finance minister also announces formation of bank group to ensure availability of credit and financing


Housing market braces for correction, not crash

House prices will fall an estimated 3 per cent this year, Royal LePage says in new forecast

Europe's gas war

Natural gas flows plunged amid the dispute.

Russia's powerplay Popup

A look at how the natural gas dispute has unfolded


Video Pick

Berman's view

Berman's View

U.S. investors are sitting on a lot of cash. When will it be deployed?


Luxury Goods

clearance

Set another place for the receiver

The fall of Waterford Wedgwood


Streetwise

Streetwise Blog

Three law firms dominated Canadian takeovers

Plus: Denison financing placates bankers


Pension funds

Richard Guay

Caisse engulfed by political battle

The fund's CEO steps down four months into the job, an appointment that tore a rift between its board and the Quebec government

 

Canadian Business 

Fairfax Financial hikes dividend

Will pay out $8 a year, up from $5, representing a yield of 2.6 per cent

Lions Gate acquires TV Guide assets

TV Guide Network and website sold for $225-million (U.S.) and better terms

Raw materials prices have record drop

Falling energy prices bring industrial products, materials prices see steepest decrease since 1956

Slowdown in lending not our fault: banks

Canada's big banks say they are lending to those who are credit-worthy but point finger at auto-financing firms, foreign lenders

B.C. firm chasing $3-billion deal to modernize rescue plane

Although foreign company expected to get contract, executive says building aircraft in Canada would create jobs in downturn


Energy & Resources 

Western Canadian to cut operations at B.C. mines

Hundreds of jobs affected as miner responds to lower steel demand

Copper leaps over 7 per cent

Copper rises to almost five-week high; rally seen short-lived on weak demand outlook

Gold slips 2 per cent

ETF Securities reports 2 per cent rise in gold ETF holdings

RCMP probing new B.C. pipeline bombing

Another deliberate blast targets Encana route in northeastern part of province


International Business 

Enron's Skilling to be resentenced

Appeals court upholds conviction

U.S. factory orders drop more than expected

Orders declined by 4.6 per cent in November, nearly double the 2.5 per cent drop economists expected

U.S. expects to spend $6.5-million in bailout administration costs

Government anticipates $1.2-million in spending on salaries through the end of January and more than $5.3-million on other expenses

Profit warnings expected from U.S. retailers

Wal-Mart seen as one of few to buck trend with rise in sales

Feel their pain: New York's luxury property market hurting

From Manhattan to the Hamptons, high-end housing prices are falling

Toyota orders output halt in Japan

Automaker shuts Japanese plants for 11 days as sales slump


Investing 

Higher oil prices give lift to markets

Oil is up by 25 per cent in the past week; TSX and NYSE post modest gains

December fund outflows expected to total $730-million

‘Investors are still waiting on the sidelines,' IFIC official says as redemptions continue in stock and bond pools

Restructuring vote sought for Lawrence fund

Hedge fund has lost 67 per cent of its value; proposal seeks to give new life to some of its assets

Brutal year for financial and resource mutual funds

Even some bond funds lost money in 2008, Globefund says