Executives at the world’s most important chipmaker made a valiant attempt at calming global nerves Thursday over the outlook for the semiconductor sector. But equipment suppliers and investors are unlikely to find much to cheer from Taiwan Semiconductor Manufacturing Co.’s third-quarter earnings. Net income at TSMC beat estimates, but that’s because the company has become a master at managing ...

  Bloomberg Kroger Co agreed to buy Albertsons Cos in a deal with an enterprise value of $24.6 billion that would create a US grocery giant with almost 5,000 stores and annual revenue of about $200 billion. Investors will receive $34.10 for each share in Albertsons, which includes a special dividend, the companies said in a statement. That reflects a ...

Bloomberg Pilots at Deutsche Lufthansa AG’s discount carrier will strike for 72 hours after Germany’s Vereinigung Cockpit union called Eurowings’ latest offer “completely insufficient.” The current dispute centers “exclusively” around a reduction of pilot workload and not pay for cockpit staff, according to a statement issued by the union. The employees “have no choice but to express their displeasure about ...