TOP STORIES 
 
HOUSE VOTES TO LIFT OIL-EXPORT BAN 

The House voted to lift the 40-year-old ban on oil exports, giving the oil industry one of its top congressional priorities but fueling a clash with the president.

GLOBAL STOCKS RISE 

Major U.S. stock indexes posted their best weekly performance in months, boosted by gains in the price of oil.

DEALERS SAW LOWER CHANCE OF SEPTEMBER RATE RISE AHEAD OF FOMC MEETING 

Large securities dealers surveyed by the New York Fed in early September assigned a lower chance to the central bank raising interest rates at last month's policy meeting than they had in a July survey, poll results showed.

FED SHOULD MOVE MODESTLY WHEN IT DECIDES TO RAISE RATES, EVANS SAYS 

Federal Reserve Bank of Chicago President Charles Evans declined to say when he would like the U.S. central bank to raise rates, but said that whenever it does act, it should do so modestly.

HOUSE BIPARTISAN PETITION FORCES VOTE ON EX-IM BANK REAUTHORIZATION 

House lawmakers backing the U.S. Export-Import Bank gained 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.

OIL PRICES HOVER AROUND $50 A BARREL 

U.S. oil prices rallied strongly this week on expectations of continued falling U.S. production, though the market failed to close above the key mark of $50 a barrel.

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.

HOUSE PANEL ASKS DATA ON AUTO-LENDING DISCRIMINATION CLAIMS 

The chairman of the House Financial Services Committee is turning up pressure on a major regulator to hand over internal documents pertaining to its investigations of auto lenders.

PENTAGON TO SCALE BACK 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.

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.

CHINESE OFFICIALS PLEDGE FLEXIBILITY ON EXCHANGE RATE 

A top Chinese central banker said the yuan exchange rate would become "more flexible," suggesting China will continue to unwind its tight grip over its currency.

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.

NEW UAW LABOR PACT WITH FIAT CHRYSLER DROPS HEALTH-CARE CO-OP 

The United Auto Workers' new pact with Fiat Chrysler ditches a health-care initiative advocated by the union's president, one of a handful of changes meant to please workers who rejected the auto maker's proposal last week.

GLENCORE PRODUCTION CUTS BOLSTER COMMODITY PRICES 

The troubles of commodities giant Glencore PLC are benefiting global markets as the company shuts down its supply of many actively traded commodities from coal to copper, sparking rallies in these resources.

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.

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.

AB INBEV'S CEO BRITO RUNS AFOUL OF U.K. TAKEOVER RULES 

Carlos Brito, the chief executive of Anheuser-Busch InBev NV, ran afoul of the U.K. Takeover Code by saying that he expected to have the support of SABMiller's second-largest shareholder.

CANADA'S NDP VOWS NO SUPPORT FOR MINORITY CONSERVATIVE GOVERNMENT 

New Democratic Party vowed it won't support a minority Conservative government following the Oct. 19 election and said it was willing to enter into arrangements with other political parties to oust the incumbent party.

MALAYSIAN OFFICIALS SOUGHT CRIMINAL 1MDB PROCEEDINGS 

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.

 
 
 
  ======= 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. "There's a full-court press" on him, said Rep. Steve Womack (R., Ark.).

 
ABC 
FED OFFICIALS REACT TO MARKET CRITICS WHO FEEL MISLED ON RATE RISES 
 

Some investors have repeatedly prepared for the Fed to start lifting short-term rates from near zero, only to see the increase pushed farther down the road due to unexpected events. For some, the moving target has hurt the Fed's credibility to communicate reliably about what it wants to achieve. WSJ PRO

(END) Dow Jones Newswires

October 09, 2015 17:00 ET (21:00 GMT)