Category: Companies / August 5, 2013 6:49 PM EDT
The Washington Post Company (NYSE: WPO) announced after the bell Monday that it is selling its publishing business, including The Washington Post newspaper, to Amazon.com, Inc. (Nasdaq: AMZN) CEO Jeffrey Bezos for $250 million.
As of 6:30 p.m. Eastern, shares of the Washington Post Company rose 4.98 percent to $597.00 in extended-hours trading.
Shares of Amazon.com closed Monday’s session down 1.06 percent to $300.99.
In other news, American Eagle Outfitters (NYSE: AEO) plunged 17.63 percent to $16.45 after the bell as the retailer cut it outlook for the second quarter to 10 cents a share, well below analysts' expectations for 21 cents a share.
Shares of Abercrombie & Fitch Co. (NYSE: ANF) fell 4.20 percent to $49.49 after the news.
U.S. stocks pulled back from gains on Monday, after the Dow and S&P 500 recorded all-time highs in the previous session.
On the earnings calendar for Tuesday: The Walt Disney Co. (NYSE:DIS), Archer Daniels Midland Co. (NYSE:ADM), Michael Kors Holdings Ltd. (NYSE:KORS), Dish Network Corp. (NASDAQ:DISH), CVS Caremark Corp. (NYSE:CVS), Fossil Group Inc. (NASDAQ:FOSL), Marathon Oil Corp. (NYSE:MRO) and more report quarterly results.
The Dow Jones Industrial Average fell 46.23 points, or 0.3 percent, to close at 15,612.13. The S&P 500 Index was down 2.53 points, or 0.15 percent, to end at 1,707.14. The Nasdaq Composite Index fell 3.36 points, or 0.09 percent, to 3,692.95.