Apple’s Hidden AirPlay Feature, Sirius Breaks 25 Million, and 3 More Hot Stocks
Apple Inc. (NASDAQ:AAPL): A hidden option in iOS 7 reportedly hints at AirPlay support over Wi-Fi channels. A developer option for iOS in the Car indicates that the company’s AirPlay protocol may be used to stream visual and audio data to supported automotive infotainment systems, AppleInsider reports. With AirPlay over Wi-Fi, an iPhone can beam Siri, maps, music, communications, and other information to a car’s receiver without being taken out of a user’s pocket or bag, and put the information in a customized version of iOS on an infotainment system’s screen.
Sirius XM Radio Inc. (NASDAQ:SIRI): News that the radio streaming service added 715,000 net new subscribers in the second quarter has helped lift shares by more than 3 percent, and company now boasts more than 25 million total subscribers. The company has also raised its full-year guidance for total net subscriber additions to 1.5 million from its previous guidance of 1.4 million.
SodaStream International Ltd. (NASDAQ:SODA): Shares of SodaStream are pulling back over 4 percent after news broke that Coca-Cola Co. (NYSE:KO) is in no way interested in making an offer for the company, though the home soda machine maker has been quietly looking for a buyer for the last three months. PepsiCo Inc. (NYSE:PEP) expressed interest in portions of the business but has not made a formal offer.
International Business Machines Corp. (NYSE:IBM): IBM has purchased CSL International, an Israeli firm that develops software for managing System z virtual server environments to help bolster the virtualization capabilities of its System z mainframes. Some enterprises looking to build private or hybrid clouds could be interested in CSL’s ability to make its mainframes more cloud-friendly, and CSL’s products work with both Linux and IBM’s proprietary z/VM OS.
Citigroup Inc. (NYSE:C): Citi has partnered with the trustee of the EMI Group Pension Fund in order to close the largest-ever pension insurance buyout in the U.K., which will result in a transaction covering 1.5 billion pounds in liabilities and 20,000 members. Mercer, which advised Citi’s Pension Solutions team, calls it a “landmark transaction” showing “bulk pensions insurance transactions remain viable despite what some commentators describe as adverse conditions.”