Apple's Fancy Photo Relighting Option Could Soon Be a Feature On Even the Cheapest Smartphones
* Stories are summarized by an A.I.
* Stocks or companies mentioned: AAPL, BP, HAS, ETSY, EFX, MSFT, INTC, WHR, NFLX, and F
Apple's Fancy Photo Relighting Option Could Soon Be a Feature On Even the Cheapest Smartphones
AAPL (Apple Inc.) | Gizmodo
The iPhone’s Portrait Mode is a good example, letting you tweak the lighting of a photo after you snap it, but it’s a feature limited to Apple’s high-end handsets. Researchers from Google and the University of California, San Diego have found a way to recreate this feature, with even better results, on even the most basic camera-equipped phones. But it also allows iOS’ Portrait Lighting to distinguish features on a person’s face so that lighting adjustments, which are completely faked, look as natural and genuine as possible. For comparison, Apple’s Portrait Lighting feature will only offer six different relighting options when iOS 13 arrives in the Fall. Not exactly real-time, and the research team doesn’t detail what kind of processor was used to achieve their results.
Read More
Bunge and BP team up in Brazil bioenergy venture, create No. 3 sugarcane processor
BP (BP plc) | Reuters
SAO PAULO (Reuters) - U.S. commodities trader Bunge Ltd (BG.N) and British energy company BP Plc (BP.L) said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor.
Read More
Hasbro Q2 2019 Earnings Preview
HAS (Hasbro Inc.) | Seeking Alpha
Hasbro (NASDAQ:HAS) is scheduled to announce Q2 earnings results on Tuesday, July 23rd, before market open. The consensus EPS Estimate is $0.50 (+4.2% Y/Y) and the consensus Revenue Estimate is $958.91M (+6.0% Y/Y). Over the last 3 months, EPS estimates have seen 5 upward revisions and 8 downward. Revenue estimates have seen 10 upward revisions and 1 downward.
Read More
Etsy acquires musical-instruments site Reverb for $275 million
ETSY (Etsy Inc.) | New York Post
Etsy, the Brooklyn-based marketplace for handmade knicknacks, said Monday it has acquired music-gear site Reverb for $275 million. Founded in 2013, Chicago-based Reverb will continue to operate independently under the terms of the acquisition. Etsy said it aims to help Reverb grow by improving its search functions, making buying and selling easier and beefing up its user base. The acquisition will not close until the third or fourth quarter of the year, at which time Reverb founder David Kalt will step down from his CEO role. In a statement, Kalt said admires Etsy’s “dedication to keeping commerce human.”Etsy in 2016 acquired Blackbird Technologies for $32.5 million to use its artificial intelligence software to improve online shopping searches.
Read More
UPDATE 6-Equifax's $700 mln data breach settlement spurs criticism, calls for new rules
EFX (Equifax Inc.) | Reuters
WASHINGTON (Reuters) - Credit-reporting company Equifax Inc (EFX.N) will pay up to $700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that was nonetheless criticized by consumer advocates and some lawmakers who called for stricter regulation. POTENTIAL LEGISLATION Equifax disclosed in 2017 that a data breach had compromised the personal information, including Social Security numbers, of 147 million people.
Read More
Microsoft pays $25 million to settle corruption charges
MSFT (Microsoft Corporation) | The Washington Post
Microsoft is paying more than $25 million to settle federal corruption charges involving a bribery scheme in its Hungary office and three other foreign subsidiaries, the U.S. Securities and Exchange Commission said Monday, July 22, 2019. Microsoft is paying more than $25 million to settle federal corruption charges involving a bribery scheme in Hungary and other foreign offices. The U.S. Securities and Exchange Commission said Microsoft will pay about $16.6 million to settle charges that it violated the Foreign Corrupt Practices Act. While the case centered on Hungary, the SEC said it also found improprieties at Microsoft offices in Saudi Arabia, Thailand and Turkey. The Justice Department said Microsoft will also pay an $8.75 million criminal fine stemming from the Hungarian bid-rigging and bribery scheme.
Read More
Apple is close to buying Intel's phonechip business, report says
INTC (Intel Corporation) | CNET
Apple is getting closer to buying Intel's smartphone modem business, with the iPhone maker now in "advanced talks" with Intel, The Wall Street Journal has reported. It follows a report last month that Apple is looking to acquire Intel's German smartphone modem business, too. When Apple and Qualcomm settled their legal battle and reached a multiyear 5G chip deal in April this year, Intel exited the 5G phone modem business. Intel told CNET in June it has seen "significant interest" in its 5G modem business, but did not confirm which companies have been in contact. In May, there were reports that Apple may not have a homegrown 5G modem ready for its iPhones until late 2024 or early 2025.
Read More
Whirlpool earnings beat estimates as higher prices offset tariff impact
WHR (Whirlpool Corporation) | Reuters
Whirlpool Corp (WHR.N) on Monday reported better-than-expected quarterly earnings and lifted its full-year profit forecast, as the appliance maker raised prices on its washing machines and kitchen appliances to offset higher production costs. The company raised its full-year adjusted earnings forecast to between $14.75 and $15.50 per share from its prior outlook of between $14 and $15 per share.
Read More
Netflix’s Original Content Strategy Is Failing
NFLX (Netflix Inc.) | Equities
These disappointing subscriber numbers show that Netflix’s investment in original content has failed to deliver the sustainable competitive advantage required to justify its valuation. As Figure 1 shows, Netflix’s revenues are not growing fast enough to cover its rising expenses. Still Reliant on Licensed Content – Which It Is LosingEver since Netflix launched its first original series with House of Cards in 2013, the streaming service has put its original content front and center. Despite spending billions of dollars on original content, Netflix still relies heavily on classic shows like The Office, Friends, and Grey’s Anatomy. Spending More Money Won’t Make the Licensed Content Problem Go AwayEven though Netflix was early to recognize the risk of media competitors pulling their licensed content the company now seems reluctant to acknowledge that its original content strategy has not solved the problem.
Read More
Ford to upgrade Chicago plant for SUVs, hire 450 workers
F (Ford Motor Company) | Financial Post
Ford Motor Co said on Monday it would invest $50 million upgrading a Chicago facility to partially assemble hybrid electric SUVs and vehicles for police use, creating 450 jobs. The plant currently modifies vehicles for police use. On Friday, Ford said it would lay off about 200 workers in September at a Canadian manufacturing plant in Oakville, Ontario, with more layoffs possible in January, because of slowing sales of the sedans that the plant manufactures. Overall, U.S. new vehicle sales are expected to fall this year, although pickup trucks and SUVs remain more popular than traditional passenger cars. Last week, Ford also kicked off talks on a new four-year contract with the United Auto Workers union, with job security, healthcare costs and the use of temporary workers expected to be major sticking points.
Read More
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* Stocks or companies mentioned: AAPL, BP, HAS, ETSY, EFX, MSFT, INTC, WHR, NFLX, and F
Apple's Fancy Photo Relighting Option Could Soon Be a Feature On Even the Cheapest Smartphones
AAPL (Apple Inc.) | Gizmodo
The iPhone’s Portrait Mode is a good example, letting you tweak the lighting of a photo after you snap it, but it’s a feature limited to Apple’s high-end handsets. Researchers from Google and the University of California, San Diego have found a way to recreate this feature, with even better results, on even the most basic camera-equipped phones. But it also allows iOS’ Portrait Lighting to distinguish features on a person’s face so that lighting adjustments, which are completely faked, look as natural and genuine as possible. For comparison, Apple’s Portrait Lighting feature will only offer six different relighting options when iOS 13 arrives in the Fall. Not exactly real-time, and the research team doesn’t detail what kind of processor was used to achieve their results.
Read More
Bunge and BP team up in Brazil bioenergy venture, create No. 3 sugarcane processor
BP (BP plc) | Reuters
SAO PAULO (Reuters) - U.S. commodities trader Bunge Ltd (BG.N) and British energy company BP Plc (BP.L) said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor.
Read More
Hasbro Q2 2019 Earnings Preview
HAS (Hasbro Inc.) | Seeking Alpha
Hasbro (NASDAQ:HAS) is scheduled to announce Q2 earnings results on Tuesday, July 23rd, before market open. The consensus EPS Estimate is $0.50 (+4.2% Y/Y) and the consensus Revenue Estimate is $958.91M (+6.0% Y/Y). Over the last 3 months, EPS estimates have seen 5 upward revisions and 8 downward. Revenue estimates have seen 10 upward revisions and 1 downward.
Read More
Etsy acquires musical-instruments site Reverb for $275 million
ETSY (Etsy Inc.) | New York Post
Etsy, the Brooklyn-based marketplace for handmade knicknacks, said Monday it has acquired music-gear site Reverb for $275 million. Founded in 2013, Chicago-based Reverb will continue to operate independently under the terms of the acquisition. Etsy said it aims to help Reverb grow by improving its search functions, making buying and selling easier and beefing up its user base. The acquisition will not close until the third or fourth quarter of the year, at which time Reverb founder David Kalt will step down from his CEO role. In a statement, Kalt said admires Etsy’s “dedication to keeping commerce human.”Etsy in 2016 acquired Blackbird Technologies for $32.5 million to use its artificial intelligence software to improve online shopping searches.
Read More
UPDATE 6-Equifax's $700 mln data breach settlement spurs criticism, calls for new rules
EFX (Equifax Inc.) | Reuters
WASHINGTON (Reuters) - Credit-reporting company Equifax Inc (EFX.N) will pay up to $700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that was nonetheless criticized by consumer advocates and some lawmakers who called for stricter regulation. POTENTIAL LEGISLATION Equifax disclosed in 2017 that a data breach had compromised the personal information, including Social Security numbers, of 147 million people.
Read More
Microsoft pays $25 million to settle corruption charges
MSFT (Microsoft Corporation) | The Washington Post
Microsoft is paying more than $25 million to settle federal corruption charges involving a bribery scheme in its Hungary office and three other foreign subsidiaries, the U.S. Securities and Exchange Commission said Monday, July 22, 2019. Microsoft is paying more than $25 million to settle federal corruption charges involving a bribery scheme in Hungary and other foreign offices. The U.S. Securities and Exchange Commission said Microsoft will pay about $16.6 million to settle charges that it violated the Foreign Corrupt Practices Act. While the case centered on Hungary, the SEC said it also found improprieties at Microsoft offices in Saudi Arabia, Thailand and Turkey. The Justice Department said Microsoft will also pay an $8.75 million criminal fine stemming from the Hungarian bid-rigging and bribery scheme.
Read More
Apple is close to buying Intel's phonechip business, report says
INTC (Intel Corporation) | CNET
Apple is getting closer to buying Intel's smartphone modem business, with the iPhone maker now in "advanced talks" with Intel, The Wall Street Journal has reported. It follows a report last month that Apple is looking to acquire Intel's German smartphone modem business, too. When Apple and Qualcomm settled their legal battle and reached a multiyear 5G chip deal in April this year, Intel exited the 5G phone modem business. Intel told CNET in June it has seen "significant interest" in its 5G modem business, but did not confirm which companies have been in contact. In May, there were reports that Apple may not have a homegrown 5G modem ready for its iPhones until late 2024 or early 2025.
Read More
Whirlpool earnings beat estimates as higher prices offset tariff impact
WHR (Whirlpool Corporation) | Reuters
Whirlpool Corp (WHR.N) on Monday reported better-than-expected quarterly earnings and lifted its full-year profit forecast, as the appliance maker raised prices on its washing machines and kitchen appliances to offset higher production costs. The company raised its full-year adjusted earnings forecast to between $14.75 and $15.50 per share from its prior outlook of between $14 and $15 per share.
Read More
Netflix’s Original Content Strategy Is Failing
NFLX (Netflix Inc.) | Equities
These disappointing subscriber numbers show that Netflix’s investment in original content has failed to deliver the sustainable competitive advantage required to justify its valuation. As Figure 1 shows, Netflix’s revenues are not growing fast enough to cover its rising expenses. Still Reliant on Licensed Content – Which It Is LosingEver since Netflix launched its first original series with House of Cards in 2013, the streaming service has put its original content front and center. Despite spending billions of dollars on original content, Netflix still relies heavily on classic shows like The Office, Friends, and Grey’s Anatomy. Spending More Money Won’t Make the Licensed Content Problem Go AwayEven though Netflix was early to recognize the risk of media competitors pulling their licensed content the company now seems reluctant to acknowledge that its original content strategy has not solved the problem.
Read More
Ford to upgrade Chicago plant for SUVs, hire 450 workers
F (Ford Motor Company) | Financial Post
Ford Motor Co said on Monday it would invest $50 million upgrading a Chicago facility to partially assemble hybrid electric SUVs and vehicles for police use, creating 450 jobs. The plant currently modifies vehicles for police use. On Friday, Ford said it would lay off about 200 workers in September at a Canadian manufacturing plant in Oakville, Ontario, with more layoffs possible in January, because of slowing sales of the sedans that the plant manufactures. Overall, U.S. new vehicle sales are expected to fall this year, although pickup trucks and SUVs remain more popular than traditional passenger cars. Last week, Ford also kicked off talks on a new four-year contract with the United Auto Workers union, with job security, healthcare costs and the use of temporary workers expected to be major sticking points.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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