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Tata gets $1.3 billion India bill to close its phone deal

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Bloomberg Tata Group may have to pay around $1.3 billion in dues to the Indian government to rescue the proposed sale of its mobile-phone business to Bharti Airtel Ltd., people familiar with the matter said. The department of telecommunications is demanding that Tata Teleservices Ltd. clear any obligations to the government before it approves the deal that was struck in ...

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Computer virus cripples Taiwanese chipmaker’s plants

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Bloomberg A computer virus halted several Taiwan Semiconductor Manufacturing Co. factories, dealing the company one of its most severe disruptions as it ramps up chipmaking for Apple Inc.’s next iPhones. The sole maker of the iPhone’s main processor said a number of its fabrication tools had been infected, and while it had contained the problem and resumed some production, several ...

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Chinese developer halts projects after deaths at its building sites

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Bloomberg Back in April, giant Chinese developer Country Garden Holdings Co. ordered its thousands of staff to move faster in getting projects to market. The human and financial cost of the emphasis on speed is now coming into focus, after deadly accidents at its building sites caused the stock to crash. Country Garden shares plunged 17 percent, lopping off $6 ...

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