Taiwan chipmaker TSMC's third-quarter net profit falls 7.1 percent, beats estimates

TAIPEI (Reuters) – Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd on Thursday said net profit fell 7.1 percent in the three months through September, slightly better than analyst estimates. The world’s largest contract chipmaker booked third-quarter profit of T$… Continue Reading

Bain Capital and Andreessen Horowitz Confirm Investment in New Cryptocurrency Basecoin

Basecoin will be created by three Princeton University computer science graduates. Bain Capital Ventures and Andreessen Horowitz have participated in the pre-sale of a new cryptocurrency called basecoin, the companies have confirmed. Basecoin will be created by three Princeton University… Continue Reading

Airbnb Apartment Complex In Florida Is Designed For Homesharing. But That Means Sharing Profits, Too.

Airbnb may be best known for turning existing homes into occasional hotels, but now it’s going a step further with a partnership around new, branded apartments. The partner is the Miami-based Newgard Development Group, with which Airbnb will be working… Continue Reading

Alphabet’s Project to Restore Wireless Service in Puerto Rico With Balloons Gets FCC Approval

Project Loon has already proven its real-world usefulness once this year. The FCC has approved an experimental license for Alphabet, Inc’s Project Loon to attempt to restore wireless service to storm-ravaged Puerto Rico using its high-altitude balloons, according to FCC… Continue Reading