24/7 Wall St.

Samsung’s profits reach $8.3 billion, much of it due to the success of its Galaxy product line. (Reuters)

Intel Corp. (NASDAQ: INTC) launches a series of low-powered chips for thin PCs and smartphones. (Reuters)

Samsung soon may be the world’s largest home appliance maker. (Reuters)

Aviation regulators begin an investigation into a fire on a JAL Boeing Co. (NYSE: BA) 787 Dreamliner, one of a series of problems with the new plane. (WSJ)

Chesapeake Energy Corp. (NYSE: CHK) will cut expenses and donations to charities. (WSJ)

The costs to rent apartments continue to rise across much of the United States. (WSJ)

Time Warner Inc. (NYSE: TWX) sets a new video deal with Netflix Inc. (NASDAQ: NFLX). (WSJ)

Edward S. Lampert, the largest owner of Sears Holdings Corp. (NASDAQ: SHLD), will take over as chief executive. (WSJ)

India may set import blocks on a number of technology products for individuals and companies. (WSJ)

The Xinhua News Agency’s Internet operation may go public. (WSJ)

General Motors Co. (NYSE: GM) and Ford Motor Co. (NYSE: F) add apps to their cars as part of heightened competition. (WSJ)

Mobile apps begin to undermine search activity usually done via Google Inc. (NASDAQ: GOOG). (NYT)

Bank of America Co.’s (NYSE: BAC) settlement with the government over bad mortgage loans will sharply cut its profits. (FT)

German exports drop more than expected. (Bloomberg)

State and local governments may add more jobs than at any time since the recession began. (Bloomberg)