Bloomberg Facebook Inc. is taking another stab at turning its Oculus Rift virtual reality headset into a mass-market phenomenon. Later this year, the company plans to unveil a cheaper, wireless device that the company is betting will popularize VR the way Apple did the smartphone. Currently VR hardware comes in two flavors: cheap headsets that turn smartphones into virtual reality ...

Bloomberg Investing in the South Korean equity market has taken an interesting turn: look past the Samsung trade. Foreigners were net sellers of Samsung Electronics Co. even as they bought more than $15 billion of stocks in the past 12 months, helping push the MSCI Korea and Kospi indexes to record highs. Instead of piling into the tech giant, they ...

Bloomberg Taiwan Semiconductor Manufacturing Co. forecast quarterly revenue that trailed estimates, dashing hopes that Apple Inc.’s iPhone will help the world’s largest contract chipmaker pull out of a smartphone industry slump and avert the impact of a strong currency. The Taiwanese maker of the iPhone’s processors forecast third-quarter sales of $8.12 billion to $8.22 billion, short of the $8.6 billion ...