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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 Profits Rise, Helped by Investment Banking

Citigroup said its third-quarter profit increased by more than 7% from a year earlier, boosted by gains in investment banking and progress in the firm's 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.

Facebook to Disclose Targets of Russia-Backed Election Ads

Facebook will disclose the types of people targeted by Russian-backed ads during and after the 2016 presidential election, as operating chief Sheryl Sandberg said the social-media site was manipulated in a way it shouldn't have been.

New York AG Eric Schneiderman Probing Deloitte Hack

The New York attorney general's office is looking into the cyberbreach at Deloitte that the giant accounting firm says compromised information on a small number of its clients.

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.

(END) Dow Jones Newswires

October 12, 2017 11:15 ET (15:15 GMT)