Taiwan Semiconductor faces revenue shortfall, shipment delays after virus closes factories

Taiwan Semiconductor faces revenue shortfall, shipment delays after virus closes factories
A computer virus forced one of the world’s biggest chip makers, Taiwan Semiconductor Manufacturing Co., to shut down several factories over the weekend, and could cost it $255 million in lost revenue. TSMC is the world’s biggest contract chip manufacturer for companies such as Apple Inc. AAPL, +0.29%   and Qualcomm Inc. QCOM, +0.97%  , and it is the sole... Read More

Therese Poletti's Tech Tales: Apple is worth $1 trillion because of Tim Cook

Therese Poletti's Tech Tales: Apple is worth $1 trillion because of Tim Cook
When Apple Inc. became the first U.S. company to be publicly valued at $1 trillion, Chief Executive Tim Cook sought to minimize the milestone. “It’s not the most important measure of our success,” Cook told Apple employees in an email last week. “Financial returns are simply the result of Apple’s innovation.” Apple’s AAPL, +0.29%   market cap is the most... Read More

The Wall Street Journal: Powerful Indonesia earthquake kills scores on popular tourist island

The Wall Street Journal: Powerful Indonesia earthquake kills scores on popular tourist island
JAKARTA, Indonesia — A magnitude 7.0 quake has killed at least 82 people, injured hundreds and displaced thousands of others on and around the popular tourist island of Lombok, disaster officials reported early Monday local time. The quake struck early Sunday evening at a depth of 9.3 miles, shaking a region still recovering from a magnitude 6.4 quake last week... Read More

The Wall Street Journal: Pompeo faces criticism at Asian summit over trade, North Korea

The Wall Street Journal: Pompeo faces criticism at Asian summit over trade, North Korea
SINGAPORE — Secretary of State Mike Pompeo faced criticism from China and skepticism from Southeast Asian powers over U.S. trade policies, as well as a warning from North Korea about Washington’s approach to talks, at a weekend meeting of regional leaders. At the first gathering of the Association of Southeast Asian Nations, or Asean, that he has attended since becoming... Read More

Key Words: CBS exec defends company culture amid sexual misconduct charges against Moonves

Key Words: CBS exec defends company culture amid sexual misconduct charges against Moonves
The programming chief at CBS Corp. defended the company’s culture Sunday, amid allegations of sexual harassment and sexual assault against Chief Executive Leslie Moonves. “Obviously, this has been a tough week at CBS.” Kelly Kahl, president of CBS Entertainment “Leslie has been an excellent boss and a mentor for a long time. He put me in this job,” CBS Entertainment... Read More

The Wall Street Journal: Fears of crackdown after Venezuela’s Maduro says he escaped assassination attempt

The Wall Street Journal: Fears of crackdown after Venezuela’s Maduro says he escaped assassination attempt
Venezuelan authorities said Sunday they arrested six suspects tied to an alleged plan to assassinate President Nicolás Maduro using a pair of drones armed with explosives, showing the leader’s fragile hold on power amid a crippling economic crisis. Critics warned that Maduro could use the purported plot, which injured seven soldiers and interrupted him as he addressed a military parade... Read More

The Wall Street Journal: Kushner family escapes burden of 666 Fifth Ave. via 99-year lease agreement with Brookfield

The Wall Street Journal: Kushner family escapes burden of 666 Fifth Ave. via 99-year lease agreement with Brookfield
The Kushner family has closed on a deal to unload its office tower at 666 Fifth Avenue, a building it bought at the top of the market that was ailing financially. In a larger-than-expected deal, the New York real-estate family has agreed to lease the building to Brookfield Asset Management for 99 years, according to a Brookfield statement that confirmed... Read More

The Wall Street Journal: Goldman Sachs set to name a new co-head of trading

The Wall Street Journal: Goldman Sachs set to name a new co-head of trading
Goldman Sachs Group Inc. GS, +0.04%   is appointing a new global co-head of its trading arm, ending months of leadership uncertainty in its largest and most challenged division. The firm plans to name Jim Esposito to run the securities division alongside current executive Ashok Varadhan, according to people familiar with the matter. Varadhan has been a co-head of the... Read More

Oh bother! ‘Christoper Robin’ can’t overcome ‘Mission: Impossible’ at box office

Oh bother! ‘Christoper Robin’ can’t overcome ‘Mission: Impossible’ at box office
Winnie the Pooh proved no match for Ethan Hunt, and Walt Disney Co. found itself in the rare position when one of its movies did not top the box office in its opening weekend. Disney’s “Christopher Robin,” a live-action film starring Ewan McGregor as the grown-up title character who is reunited with Winnie the Pooh and friends, earned an estimate... Read More