Business News / Business

Caterpillar's 4Q profit fell 25 percent

CHICAGO -- Caterpillar on Tuesday said its fourth-quarter earnings fell 25 percent, missing analysts' expectations as the company continues to deal with declining demand for its mining equipment.

Caterpillar said it is facing a tough 2015 as ...

Sales of new homes spike in December

Sales of newly built homes hit their fastest pace in 6 1/2 years in December, another sign that the housing market may pick up speed in 2015.

The Census Bureau reported that 481,000 new homes were purchased in the month, up 11.6 percent from ...