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Earnings Report

Head of Samsung's booming semiconductor business to resign

Samsung Electronics Co. said Friday its third-quarter profit likely surged nearly three-fold over a year earlier to a new record, putting it on track to report its best annual results at a time when its leader and former executives are fighting corruption convictions.

In JP Morgan's 3Q, consumer banking offsets drop in trading

JPMorgan Chase & Co. third-quarter profits rose 7 percent from a year earlier, as the bank as able to increase revenue in its consumer banking business even though the company had to set aside additional funds to cover bad loans, most notably in its credit card division.