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Friday 31 July 2020

Kodak Gave Its CEO Stock Options, Then News Broke of a Million-Dollar Federal Deal and Prices Soared

The Eastman Kodak Company gave its CEO 1.75 million stock options just one day before the company’s stock soared amid news that it would receive a $765 million federal loan to manufacture critical drug components, the New York Times reported Friday.

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Trump Tells Reporters He Plans to Ban TikTok as Soon as Saturday

President Donald Trump said he plans to sign an executive order banning TikTok as soon as Saturday, according to several reporters he spoke with aboard Air Force One on Friday evening.

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Apple Acquired Mobeewave, a Startup That Lets Smartphones Accept Payments Using NFC

Apple has purchased payments startup Mobeewave, which created a system that lets shoppers tap a credit card or smartphone on another phone to process a payment. The functionality could allow iPhones to be used as payment terminals with no additional hardware required.

According to Bloomberg, Apple purchased the startup for approximately $100 million. Mobeewave's technology works with NFC, which is built into all modern iPhones. Mobeewave's website says sending payments with the Mobeewave app is as simple as inputting a transaction amount and tapping an NFC-enabled card on the back of a smartphone.

Apple hired the whole Mobeewave team, which includes dozens of employees, and the company is continuing to work from Montreal where it is based. Apple confirmed the acquisition with its typical statement: "Apple buys smaller technology companies from time to time and we generally do not discuss our purpose or plans."

As Bloomberg points out, the acquisition has the potential to allow Apple to compete with companies like Square, which makes hardware that allows iPhone users to accept credit and debit card payments.

Tag: Apple acquisition

This article, "Apple Acquired Mobeewave, a Startup That Lets Smartphones Accept Payments Using NFC" first appeared on MacRumors.com

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This Was Not His Design: Bryan Fuller's Hannibal Could Have Been Hugh Grant

It’s not an overstatement to say that Hannibal, Bryan Fuller’s nouveau gothic drama take on the Hannibal Lecter mythos, made Mads Mikkelsen’s career in Hollywood. But casting a nearly unknown Danish actor for a lead role in a prime-time network drama is not easy, as Fuller will tell you. And it took NBC some time to…

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Spacecraft Carrying Perseverance Switches to 'Safe Mode' After Glitch, but NASA Says Not to Worry

True to this agonizing year that is 2020, yesterday’s launch of NASA’s Perseverance Mars rover was not without problems.

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