Oracle (ORCL) chief Larry Ellison chose his America's Cup boat over a major conference sponsored by his company. He skipped giving the keynote address at the OpenWorld conference in San Francisco Tuesday to watch his racing team win two races. An estimated 60,000 Oracle users attend the conference.
Royal Dutch Shell (RDS.A, RDS.B) has selected a site just south of Baton Rouge, La., as the potential spot for a huge plant that will convert natural gas into gasoline and other liquid fuels. The company could invest more than $12 billion in the project. Shell says it's still several years away from making a final decision about green lighting the project.
Amazon (AMZN) is rolling out two new versions of its Kindle tablet. They're priced well below Apple's (AAPL) iPad and other competitors. The intent is to make money on the sale of e-books, music and other services -- not the hardware itself.
Yelp (YELP) is getting bad reviews from New York's attorney general. His office issued a report saying up to 20 percent of the reviews on the company's site are fake.
Ascena Retail (ASNA), which operates the Lane Bryant and Dress Barn chains, is set to soar. The company posted quarterly earnings that blew past analyst expectations.
But Clovis Oncology (CLVS) is set to slide. Bloomberg reports the company failed to attract any buyers after putting itself up for sale.
Finally, the Chinese e-commerce giant Alibaba -- often considered the Amazon of China -- is reportedly planning to list its shares in the U.S. after talks with Hong Kong broke down. The Wall Street Journal says the initial public offering could be valued at $70 billion or more.
-Produced by Drew Trachtenberg.
Apps That Manage Your Money For You
Market Minute: Oracle CEO Bails on Own Meeting; Amazon's Revamped Kindles
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?
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.
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.
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.
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.
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.
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.