Korean steelmaker, POSCO (NYSE:PKX) reported financial results for the second quarter of 2010, with net income increasing 117.5% year over year to KRW 1,196 billion (US$1.03 billion). However, compared with first quarter 2010 results, net income plummeted 16.8% primarily due to higher foreign exchange translation loss of KRW 443 billion (US$0.38 billion). Earnings per share ...