Rates to stay low for some time: Fed minutes
U.S. Federal Reserve policy-makers wanted to send a clear message they intended to keep interest rates very low for an extended period to revive the sharply contracting economy, minutes of their December meeting showed Tuesday.
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Royal Bank issues $200M in preferred shares
Royal Bank of Canada, Canada's biggest bank, on Tuesday announced a $200-million preferred share offering to bolster its capital ratios and capital structure.
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Budget may contain tax cuts: Flaherty
Canada's upcoming budget will provide a clear plan for the country to eventually emerge from its deficit, but could also contain tax cuts to stimulate the economy, Finance Minister Jim Flaherty said Tuesday.
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Apple's Macworld performance disappoints
Apple Inc. said on Tuesday it's dropping copy protection from songs sold on the Internet and debuted its slimmest laptop yet, but with no dramatic products or master pitchman Steve Jobs, the company's final Macworld performance disappointed Wall Street.
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