Editor’s Note: Related tickers: Apple Inc. (NASDAQ:AAPL), Comcast Corporation (NASDAQ:CMCSA), JPMorgan Chase & Co. (NYSE:JPM), The Walt Disney Company (NYSE:DIS)
Apple Reportedly Acquires Swedish Firm AlgoTrim, A Company That Does Mobile Media And Data Compression (TechCrunch)
Apple Inc. (NASDAQ:AAPL) has acquired AlgoTrim, a Swedish startup that builds codecs and designs solutions that maximize performance of data, mobile imaging, video and computer graphics while minimizing memory requirements, according to a new report by Swedish emerging industry news service Rapidus. The acquisition would help Apple in terms of allowing it to build more efficient media deliver for mobile devices, that use less bandwidth while preserving quality.
Bond Binge Expands Leverage Toward Financial Crisis Peak (Bloomberg)
Company debt loads in the U.S. are approaching the highest level since the aftermath of the financial crisis as borrowing to finance mergers and shareholder payouts exceeds earnings growth. …Businesses from Apple Inc. (NASDAQ:AAPL) to Comcast Corporation (NASDAQ:CMCSA) have tapped credit markets this year to take advantage of the lowest borrowing costs on record before the Federal Reserve decides to pull back on measures intended to boost an economy that’s forecast to expand this year at the slowest pace since 2009. The leverage trend can’t be sustained, JPMorgan Chase & Co. (NYSE:JPM) analysts led by Eric Beinstein wrote last week in a report, and a combination of rising rates and high cash balances may curtail issuance.
Apple e-books judge plans to limit antitrust remedies (CrainsNewYork)
The federal judge who last month found Apple Inc. (NASDAQ:AAPL) liable for fixing e-book prices said she plans to limit the remedies sought by the U.S. to ensure they “rest as lightly as possible” on the way the company does business. U.S. District Judge Denise Cote in Manhattan Tuesday said she intends to narrow several of the measures suggested by the Justice Department to prevent future e-book price-fixing, including the authority of a monitor appointed by the court to assess Apple’s antitrust compliance training.
Apple Updates TV Box to Add Disney, Music, Weather Apps (Bloomberg)
Apple Inc. (NASDAQ:AAPL) added programming from The Walt Disney Company (NYSE:DIS), Weather Channel LLC and music-video service Vevo LLC for Apple TV, stepping up the pace of bringing on new video content to its $100 Internet-connected set-top box. The material was added today with a software update, said Christine Monaghan, a spokeswoman for Apple. Two applications from Disney, Disney Channel and Disney XD, will have live and on-demand content, and will be available to subscribers of pay-TV services that carry the channels. Vevo and the Weather Channel will be available without a cable or satellite subscription, she said.
More than a new iPhone on tap for Apple next month (BizJournals)
Rumors abound that the iPhone 5S and 5C will be unveiled Sept. 10. Now comes a report that iOS 7 will be released to the public that same day. According to The Verge, a developer named Owen Williams received an email from Nuance Communications — the company credited with powering Siri — indicating the new operating system will be released Sept. 10. The Verge also speculates the new iteration of iPhones could actually be made available to the public that day — rather than just unveiled for a media event. Apple has never tried that with the product on the scale of the iPhone.
