Nasdaq Hits 5000 for First Time Since Dot-Com Era

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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.

Carlyle, Warburg to Challenge Ratings Agencies

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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.

Google Confirms Wireless Service Plans

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Google plans to launch a small scale U.S. wireless service and will announce details in the coming months.

Samsung Answers iPhone 6 With Galaxy S6

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Samsung introduced a new flagship phone, the Galaxy S6, with a double-curved screen and its own mobile-payment service, as the Korean giant looks to keep pace with Apple and Xiaomi.

Fed Ushers in New Era of Uncertainty on Rates

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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.

ARCP Restates Results After Accounting Issues

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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.

Morgan Stanley Expects Suit From NY AG Over Mortgage Bonds

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Morgan Stanley said the New York Attorney General’s Office plans to sue the firm alleging it had misled investors in bonds tied to subprime mortgages.

Costco Names Citi, Visa as Credit Partners

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Costco named Citigroup and Visa as its new credit partners, replacing American Express as the exclusive network at its stores beginning in April of next year.

Buffett's Successor: A Jain and Abel Story

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Ajit Jain, who runs Berkshire Hathaway’s reinsurance business, and Greg Abel, who runs the conglomerate’s energy business, have emerged as favorites to succeed Warren Buffett as CEO.

Ports Get Creative as Cargo Piles Up

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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.

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