The Federal Reserve won't be able to lift interest rates from zero until March 2016, according to economists at Morgan Stanley.
Procter & Gamble said it had been hit by the �most significant fiscal year currency impact� in its 178-year history as it reported a 31 per cent drop in second-quarter earnings, missing analyst expectations.
Home prices in the Seattle area were down in November for the third month in a row, but they remained up for the year, according to the S&P/Case-Shiller 20-city index released Tuesday.
WASHINGTON�U.S. businesses broadly cut capital spending in the final months of 2014, raising red flags about the economy's ability to sustain momentum amid troubles around the globe.
Construction and mining equipment maker Caterpillar said lower oil prices hurt its fourth-quarter sales and profit - and predicted the pressure will continue through 2015.