The Nasdaq Composite climbed briefly above the 5000-point level for the first time in almost 15 years on Monday, marking a milestone in the revival of an index that once was synonymous with dot-com excess.
Officials with private-equity firms Carlyle Group LP and Warburg Pincus LLC say they hope to create a credible challenge to the three largest U.S. ratings agencies with their purchase this week of Canadian rater DBRS Ltd.
The Outlook: Investors are obsessing over when the Federal Reserve will start raising short-term rates. Drawing less scrutiny is where rates will end up in the long run and how they’ll get there. But it’s time to start paying attention.
An internal investigation at American Realty Capital Properties revealed weak controls over financial reporting and inappropriate payments made to an affiliated company controlled by former chairman and CEO Nicholas Schorsch.
Southern California ports are thinking about ways they can speed things up after a labor dispute contributed to near gridlock in their operations. Cargomatic, a sort of Uber for cargo, is one solution.