TOP STORIES 
 
GLOBAL STOCKS RISE 

Global stocks climbed Friday, with major stock indexes on track for their best weekly performance in months.

FED'S LOCKHART SEES RATE RISE BEFORE  END OF YEAR 

Federal Reserve Bank of Atlanta President Dennis Lockhart said that he still believes the U.S. central bank will raise short-term rates before the year ends.

OIL PRICES HOVER AROUND $50 A BARREL 

U.S. oil prices oscillated around $50 a barrel Friday as traders waited on key U.S. drilling data. Prices have rallied this week, driven by the weakening dollar and Russia's military escalation in Syria.

LAWMAKERS ADVANCE BIPARTISAN EFFORT TO REAUTHORIZE EX-IM BANK 

House lawmakers backing the U.S. Export-Import Bank said they have enough support to force a vote to renew the agency's charter, a blow to conservative Republicans who sought to shutter the bank this summer.

WAL-MART APPOINTS NEW CFO, TOP MERCHANT 

Wal-Mart said its financial chief, Charles Holley, will retire at the end of the year and will be replaced by Brett Biggs, most recently CFO of international operations.

PENTAGON TO REVAMP TROUBLED SYRIA REBEL TRAINING PROGRAM 

The Obama administration has decided to revamp a troubled Pentagon program to train and equip moderate rebels in Syria after concluding the current effort wasn't effective, producing only a small handful of trained rebels to fight Islamic State.

CHINESE OFFICIAL SEES NO BASIS FOR YUAN TO FALL FURTHER 

China's finance minister on Friday said there is no basis for the yuan to fall further, comments meant to reassure other countries that China isn't reverting to exchange-rate depreciation to spur growth.

DOW JONES DISCLOSES CUSTOMER DATA BREACH 

Dow Jones disclosed that hackers had gained unauthorized entry to its systems, accessing contact information for current and former subscribers.

GLENCORE CUTBACKS SHIFT TO ZINC 

Shares in Glencore rose after the commodities trader said it would cut zinc production by a third after prices of the industrial metal collapsed.

AMERICAN APPAREL BACKER SAYS OUSTED CEO IS STILL A THREAT 

American Apparel backer Standard General told a Delaware judge that it is worried ousted chief executive Dov Charney will get in the way of the company's attempt to reshape its business in bankruptcy.

SOLARWINDS TO EXPLORE STRATEGIC ALTERNATIVES 

SolarWinds said it is exploring alternatives after being approached by an interested third party. Shares of the software provider climbed 12%.

STANCHART TO CUT 1,000 SENIOR STAFF 

Standard Chartered is cutting around 1,000 of its senior staff, responding to pressure from investors to streamline its business.

U.S. IMPORT PRICES DOWN 0.1% IN SEPTEMBER 

Prices for imported goods fell for the third straight month in September-slipping 0.1%-in a reminder of how a strong dollar and slower overseas growth is weighing on inflation.

MALAYSIA CENTRAL BANK SOUGHT CRIMINAL PROCEEDING AGAINST 1MDB 

Malaysia's central bank said it recommended criminal proceedings against state investment fund 1Malaysia Development for allegedly breaking foreign-exchange rules but that the attorney general had declined to act.

U.S. APPEALS COURT BLOCKS EPA WATER RULE NATIONWIDE 

A federal appeals court on Friday issued a nationwide stay blocking a new Environmental Protection Agency regulation that seeks to expand the amount of water and wetlands under federal protection.

YAHOO BANS EMPLOYEES FROM PAID FANTASY-SPORTS SITES 

Yahoo is banning employees from playing in paid fantasy-sports contests, following similar moves by the two biggest daily fantasy-sports sites in the U.S.

BANK OF CANADA SURVEY SUGGESTS BUSINESS SENTIMENT REMAINS TEPID 

Business sentiment in Canada remains "tepid" and commodity-price weakness continues to dampen the outlook, the country's central bank said Friday.

WEATHERFORD CEO DEFENDS RESTRUCTURING 

The chief executive of U.S. oil-field services company Weatherford International Ltd. defended the firm's recent restructuring, saying he was looking to make every single function at Weatherford perennially efficient.

CANADA ADDS 12,100 JOBS IN SEPTEMBER 

Canada added more jobs than expected in September, but the jobless rate rose to a 19-month high and full-time employment plunged.

SEAWORLD CONSIDERING OPTIONS AFTER CONDITIONAL BLUEWORLD APPROVAL 

SeaWorld Entertainment Inc. said it is considering its options after a California regulator placed significant conditions on the approval of the theme-park operator's Blue World project.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Politics and Policy 
HOUSE REPUBLICANS SEARCH FOR NEXT SPEAKER 
 

House Republicans, torn apart by turmoil within their party, huddled to look for new leadership as several members pointed to Rep. Paul Ryan (R., Wis.) as a possible speaker.

 
Heard on the Street 
WHAT'S THE STORY BEHIND CREDIT SUISSE'S CAPITAL CALL? 
 

If Credit Suisse is to raise fresh funds, investors will rightfully want something in return.

 
 
 

(END) Dow Jones Newswires

October 09, 2015 13:03 ET (17:03 GMT)

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