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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