Market Minute: Bezos Snaps Up Media Giant; American Eagle Disappoints

All of the sudden, the newspaper business is hot again, but a trendy retailer has gone cold. Those and more are what's in business news Tuesday.

U.S. stocks mostly lost ground in quiet trading Monday on Wall Street. The Dow industrials (^DJI) fell 46 points and the S&P 500 (^GPSC) lost 2, while the Nasdaq (^IXIC) added 3.

Jeff Bezos washington post acquisitions newspapers
Reed Saxon/ CEO Jeff Bezos
For the second day in a row, we can tell you about the sale of a major American newspaper. The Washington Post has been bought by Jeff Bezos for $250 million. Bezos is chairman of (AMZN), but he's buying the paper on his own. He's expected to make technology a greater part of the business.

The Washington Post Co. (WPO) will change its name and continue to operate Kaplan education, its TV business and some magazine titles. On Monday, we reported the Boston Globe is being sold to the primary owner of the Boston Red Sox.

American Eagle Outfitters (AEO), the trendy retailer of teen apparel, is not so trendy on Wall Street today. Its shares are set to tumble after the company warned its quarterly earnings will fall far short of expectations. Competitors such as Abercrombie & Fitch (ANF) could also take a hit.

But shoe retailer DSW (DSW) has raised its outlook and announced plans for a 2-for-1 stock split.

Time Warner Cable (TWC) has made an innovative proposal to end its blackout of CBS (CBS) owned programming in New York, Los Angeles and other cities. Time Warner says it will let subscribers buy CBS on an a la carte basis, allowing the network to charge whatever it wants, but customers would have the option of not receiving or paying for it. CBS called the plan "a sham."

Sony (SNE) has rejected a proposal from one its largest shareholders to sell or spin off its huge entertainment division.

And Intel's (INTC) computer security firm McAfee is about to lose its chief technology officer, Phyllis Schneck. She will reportedly head up cyber-security for the Department of Homeland Security.

-Produced by Drew Trachtenberg.

Apps That Manage Your Money For You
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Market Minute: Bezos Snaps Up Media Giant; American Eagle Disappoints

Mint made the Mac App Store's Best of 2012 list for a reason. This simple, clean app shows how much you are spending in each category of your budget by monitoring all of your transactions. We love signing in and getting a quick, dirty rundown of where our money has gone over the last week, and using their personalized budget tools to stay on track. We highly recommend adjusting your budgets for summer months. You might spend less on transportation when the weather is nice, and chances are you could use that extra cash to flesh out that restaurant tab, right?

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This is the all-in-one financial organizer. Manage all of your accounts, from credit cards to magazine subscriptions, in one place and even make custom accounts for your rent or cleaning service. Get reminders for bill payments, and monitor all of your travel reward points, too. You'll always know what you owe, how much money you have and can plan for upcoming bills and expenses without having to sift through tons of paperwork.

Price: Free

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If you want to isolate the expense tracker function of Mint in a super simple day-to-day app, then DailyCost is a great buy. A wide variety of categories lets users input all of their daily expenses. Holding your phone horizontally, you will be able to see graphs and statistics on your spending. The app also tracks your weekly and monthly spending by category and can be backed up to iCloud for Mac users, so you'll never lose your data.

Price: $1.99

Available for Apple only.

If you're a heavy traveler, Toshl is an excellent expense and budget tracker. It works with any currency and lets you separate your travel budget from your day-to-day expenses. It comes with all the trappings of a regular money management app, too, such as bill organizer and alerts, and can be synced across all your devices.

Price: Free

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Next time you organize a group activity, Tricount will split up the expenses for you. Create the expense report on your phone and organize by person, how much they owe, and then share via email so everyone knows their share. With options for expenses, balance, share, and configuration, the app does all of the math for you.

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Never miss a bill payment again. This app reminds you when your payments are due, and lets you pay on the spot from a bank account or credit card, or you can schedule a payment for the future. Connect all of your accounts to the encrypted app and then view them all in one place for easy access and payment options. You'll never overdraft or miss a payment again.

Price: Free

Available on Apple and Android devices.

Make and share payments with friends. This app uses the same technology to pay as LivingSocial, Uber and Airbnb. Pay with your debit card or transfer funds from a linked bank account, right to a friend's Venmo account. It is Verisign Certified.

Price: Free

Available on Apple and Android devices.

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