KHOBAR, Saudi Arabia, March 11- OPEC heavyweight Saudi Arabia produced 9.849 million barrels per day of crude oil in February, up from 9.767 million bpd in January, an industry source familiar with the matter said on Tuesday.» Read More
GM made a turnaround of its European business a top priority after racking up around $18 billion in losses over the past 12 years, and is investing billions more despite calls from Morgan Stanley to sell Opel and its UK sister Vauxhall at virtually any cost.
Oct 18- General Electric Co on Friday posted a record backlog of orders that the company said positioned it well for 2014, lifting shares and overshadowing a decline in quarterly profit and revenue.
*Third-qtr adj profit from cont. ops $1.16/ shr vs est $1.10. *Expects revenue $3.5- $3.6 bln vs est $3.6 bln. Oct 18- Ingersoll-Rand Plc, the maker of Trane air conditioners and Thermo King refrigeration units, reported better-than-expected quarterly results, helped by rising demand for heating and cooling systems in a rebounding U.S. housing market.
LONDON, Oct 18- The U.S. debt scare may be changing the perception of what's considered a safe asset, with investors increasingly seeing home as the haven.
Oct 18- Kansas City Southern posted higher third-quarter earnings and revenue as shipments increased, and the U.S. railroad said it expected a strong end to the year. Kansas City said it had earned $119 million, or $1.07 a share in the quarter, compared with $91 million, or 82 cents a share, a year earlier.
LONDON, Oct 18- When Sanjeev Shah quit his job last month, eyebrows were raised. This wasn't another burned-out banker: The 43- year-old was a successful fund manager running 2.8 billion pounds for Fidelity Worldwide Investment, reaping big returns. His reasons for leaving- "This is a role that demands 110 percent effort, focus and intensity.
Oct 18- Morgan Stanley trimmed its commodity trading risk in the third quarter from the previous quarter, the bank reported on Friday, but held its position as the Wall Street firm with the most money at play in the sector.
*Google shares jump in premarket, set to open at record high. *Morgan Stanley earnings, revenue beat expectations. NEW YORK, Oct 18- U.S. stock index futures rose on Friday, helped by gains in big companies like Google Inc and Morgan Stanley following their results.
*Middle East and Asia drive international demand. Oct 18- Steadily growing drilling activity in U.S. offshore waters and overseas gave a bigger-than-expected lift to quarterly profits at oil services companies Schlumberger Ltd and Baker Hughes Inc, marking a clear divide with struggling smaller U.S. competitors.
NEW YORK, Oct 18- Morgan Stanley's risk-weighted assets related to fixed-income trading fell by 2.7 percent last quarter, Chief Financial Officer Ruth Porat said on Friday. Morgan Stanley is working to shrink some fixed-income trading assets while growing its book of loans, particularly to wealth-management clients.
*Inflation has been under BoC target since April 2012. OTTAWA, Oct 18- Canada's annual inflation rate held steady at 1.1 percent in September while core inflation was unchanged at 1.3 percent, both well under the Bank of Canada's target rate of 2.0 percent, according to Statistics Canada data released on Friday.
Oct 18- Google Inc shares were set to open at an all-time high near $1,000 after the search engine giant reported a surge in mobile and video advertising that helped drive quarterly revenue up 23 percent. Google said paid clicks increased 26 percent in the three months ended Sept. 30, from a year earlier, the highest rate of growth in the past year.
LONDON, Oct 18- A fire at Santos Port warehouses controlled by Brazil's largest sugar trader Copersucar rallied raw sugar futures by around 5 percent to a near 1- year high on Friday,.
BRUSSELS, Oct 18- The European Union and Canada agreed a multi-billion-dollar trade pact on Friday that will integrate two of the world's largest economies and paves the way for Europe to do an even bigger deal with the United States.
Oct 18- U.S. manufacturing conglomerate Honeywell International Inc posted lower-than-expected quarterly revenue and cut its full-year sales forecast on Friday, citing delays in closing sales to some customers. Honeywell has been working to increase productivity and cut costs in the past year, part of a wide-ranging plan to improve results.
*China Q3 growth quickens to 7.8 pct yr/yr. *Gold heads for best week in two months. Wall Street was expected to add around 0.2 percent to Thursday's record close for the S&P 500 when trading reopens, with analysts already digesting results from two of its big fish, General Electric and Morgan Stanley.
Oct 18- Kansas City Southern posted higher quarterly profit and revenue as the railroad saw improved shipments, and it said it expects a strong end to the year as cross-border business grew.
Oct 18- Morgan Stanley's third-quarter revenue jumped 50 percent, helping adjusted earnings beat expectations, as higher income from equities sales and trading made up for a drop in the Wall Street bank and brokerage's fixed-income business. Morgan Stanley reported net income of $888 million, or 44 cents per share, from continuing operations in the quarter.
The company said on Friday it had come to an agreement with the FDA that the trial should be terminated. The FDA said last week it was investigating a number of reports of serious and life-threatening adverse events in patients taking the drug.
LONDON, Oct 18- Oil companies are stepping up exploration in Morocco, attracted by its stability relative to other parts of North Africa and encouraged by advances in geology and technology that indicate its potential for reserves offshore.