News Highlights: Top Company News of the Day

Features Dow Jones Newswires

Cost Cuts, Credit-Card Lending Buoy Bank Earnings

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Growth in credit-card lending and a tight rein on costs boosted third-quarter profits at J.P. Morgan Chase and Citigroup offsetting downbeat trading results and a still-challenging interest-rate environment.

Equifax Removes Webpage to Investigate Possible Hacking

Embattled Equifax Inc. has moved one of its webpages offline as the company looks into whether hackers tried to breach its systems this week.

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.

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Outcome, a Hot Tech Startup, Misled Advertisers With Manipulated Information, Sources Say

With funding from Goldman Sachs and Google's parent, the Chicago-based firm reported a $5.5 billion valuation. The company says it is reviewing allegations against employees and has strengthened policies

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 election ads, operating chief Sheryl Sandberg said, adding that the social-media site was manipulated in a way it shouldn't have been.

Star Fidelity Manager Fired Over Sexual Harassment Allegations

A spokesman for Mr. Baker, who bet on technology companies such as Uber and Tesla, says he "strenuously" denies any "supposed" allegations.

Cord-Cutters Sap AT&T's TV Business

AT&T continues to lose pay-TV customers despite a wave of new subscribers to its streaming service, a trend that could spell trouble for the entertainment industry.

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.

Air Berlin Collapse Kicks Off European Airline Consolidation

Airline consolidation that has helped U.S. carriers boost profits is gaining pace in Europe's fractured aviation sector where Air Berlin said it was selling part of its assets to larger rival Deutsche Lufthansa.

(END) Dow Jones Newswires

October 12, 2017 17:15 ET (21:15 GMT)