Grand Rapids Business Daily

401k News

Samsung Electronics Profit Jumps 83% to 4.28 Trillion WonThursday, July 29, 2010 @ 6:20PMSamsung Electronics Co., Asia’s biggest maker of semiconductors, flat screens and mobile phones, said second-quarter profit jumped 83 percent, fueled by a recovery in demand for computer-memory chips.

Failed Millennium Bomb Plotter Violated Release Terms, U.S. SaysThursday, July 29, 2010 @ 6:20PMAn Algerian man convicted in a foiled millennium plot to bomb Los Angeles International Airport in late 1999 violated his supervised release and U.S. prosecutors want to use “foreign intelligence” evidence against him, according to court filings by the government today.

GrainCorp Agrees to Buy AWB, Offers 1 Share Per 5.75 AWB SharesThursday, July 29, 2010 @ 6:05PMGrainCorp Ltd. has agreed to buy AWB Ltd. and will issue to AWB shareholders one GrainCorp share for every 5.75 AWB shares they own, subject to an AWB shareholder vote.

Google Says Users Can Access Its Website in China NormallyThursday, July 29, 2010 @ 6:00PMGoogle Inc. said users can access its website in China normally after earlier reporting that some services, including search, were being blocked there.

DBS Posts Surprise Net Loss in Second Quarter on Goodwill ChargeThursday, July 29, 2010 @ 5:20PMDBS Group Holdings Ltd., Southeast Asia’s biggest bank, reported a surprise net loss of S$300 million in the second-quarter because of a goodwill impairment charge of S$1.02 billion. Analysts had expected a profit of S$572.9 million, according to eight estimates compiled by Bloomberg.