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J.P. Morgan's Profits Up on Lending Boost

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J.P. Morgan said its third-quarter profit rose as a boost from lending offset weaker trading results for the nation's biggest bank by assets.

GM to Idle Detroit Car Factory Amid Slow Demand

General Motors plans to close a Detroit factory through the end of the year and deepen production cuts to slow-selling cars the plant manufactures, idling some workers and letting go others in response to weak sales.

Citigroup's Results Climb, Buoyed by Investment Banking

Citigroup said its third-quarter revenue rose 2.3%, boosted by another jump in investment banking and progress in its evolving consumer bank.

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HSBC Names John Flint as Chief Executive

HSBC Holdings named retail head John Flint as its next chief executive, signaling continuity in the Asia-focused bank's strategy.

Key House Republican Plans Bill to Rein In Credit Bureaus After Equifax Hack

A top House Republican is moving to boost federal oversight of credit-reporting companies, the first broad legislative effort to rein in the industry in response to the massive hack disclosed by Equifax last month.

Cord-Cutters Sap AT&T's TV Business

AT&T kept losing video customers over the past three months despite a wave of new subscribers using its streaming TV service, a trend that could spell trouble for the broader entertainment industry.

Airbus Ramps Up Services Business With Malaysian Deal

Airbus said it had taken full control of an Asian plane-repair company, as it and rival Boeing both embark on a push to win a greater share of the lucrative market for servicing airliners.

StanChart Seeks Investors in Power Company at Center of Bribery Probe

A Standard Chartered-controlled Indonesian power-plant maker at the heart of a U.S. Justice Department bribery probe is seeking new investors as it attempts to restructure $195 million in debt and fund a turnaround.

Some Inconvenient Truths About 7-Eleven's Owner

Shares in Japan's Seven & I haven't budged much since activist shareholder Dan Loeb won a boardroom battle there last year.

Facebook Sets Goal of a Billion Virtual-Reality Users, Unveils New Headset

Facebook Inc. Chief Executive Mark Zuckerberg announced an ambitious goal of getting a billion people into virtual reality and said he wants to ensure the technology is "a force for good."

(END) Dow Jones Newswires

October 12, 2017 09:15 ET (13:15 GMT)