Tim Cook’s set for a $120 million payday this week

Tim Cook's about to collect a huge financial reward. On Friday, Aug. 24, the Apple CEO will receive additional shares in Apple worth around $120 million. The award is tied to Cook's continued service at the world's largest publicly traded company and Apple's relative performance on the stock market during his tenure as CEO, according to Bloomberg.

Well-known iOS drawing app Paper bought by WeTransfer

FiftyThree, the maker of the popular Paper drawing up and Paste service, has announced its apps and team have been acquired by WeTransfer, a cloud-based file transfer service with headquarters in Amsterdam and Los Angeles. The move will allow the apps to live on with "increased investment and support," according to Wired.