NEW YORK ? For the first time since its dot-com era peak nearly 15 years ago, the Nasdaq composite has closed above 5,000.
Major U.S. indexes rose from the start, with the Nasdaq passing the milestone number shortly before noon. The tech-heavy index then dropped, but rose again toward the close of trading to end at 5,008.10, just 40 points from its March 2000 record. Merger news and an encouraging economic report drove the gains.
FLAGSTAFF, Ariz. ? A winter storm has brought snow and rain to Arizona, with heavy snow forcing schools, government offices in the northern part of the state and the Grand Canyon's visitor centers to close Monday.
Another 4 to 10 inches of snow were forecast for areas above 6,000 feet in elevation around Flagstaff and the Mogollon Rim before the winter storm moves out Tuesday. Travel on major interstates was slow.
COLUMBUS, Ohio ? The Columbus Blue Jackets traded away one of their most productive defensemen. But general manager Jarmo Kekalainen says younger replacements are already on the roster.
The club dealt power-play specialist James Wisniewski and a third-round pick in 2015 to the Anaheim Ducks on Monday for left wing Rene Bourque, center William Karlsson and a second-round pick this summer.
Kekalainen said there was a simple reason why he made the deal.
Meeting with the press at the Garden a couple of hours after today's NHL trade deadline, Bruins GM Peter Chiarelli expressed optimism newly-acquired right winger Brett Connolly will become a valuable part of the B?s attack ? this season and in the future.?I?m very happy with that deal,? said Chiarelli, who got the 6-foot-2, 195-pound Connolly from Tampa Bay at 2 a.m. today in exchange for the B?s second-round picks in 2015 and 2016. The 22-year-old had 12-3?15 totals in 50 games this season.
CLEVELAND ? A judge reduced the prison sentences Monday for the leader of a breakaway Amish group and seven followers after hate crimes convictions were thrown out in their hair- and beard-chopping attacks against other members of the faith.
The Ohio group's leader, Samuel Mullet Sr., will be released from prison about four years earlier than the initial sentence he was given in February 2013.
WASHINGTON ? Congressional Republicans sent a message Monday that they hope the Supreme Court and voters will hear: The country's health care system won't crumble if the justices obliterate a bedrock feature of President Barack Obama's heath care law.
Three top senators said if the court invalidates federal subsidies that help millions of Americans buy coverage under Obama's law, they have a plan to protect them and create "better" insurance markets by giving states more leeway to decide what insurers must cover.