Stocks in the news: Kraft, UBS, AIG, Archer Daniels

The following post rounds up the companies making headlines today:

Kraft Foods Inc. (KFT) said Tuesday that its first-quarter profit rose 10 percent even as sales declines due to consumers pulling back on their spending were offset by higher prices. The company earned 45 cents per share, beating analyst estimates by a penny. Revenue fell 6.5 percent to $9.4 billion, missing analysts' expectation for $9.67 billion. KFT shares gained over 6 percent in pre-market trading.

UBS AG (UBS) reported Tuesday a first-quarter net loss of 1.98 billion Swiss francs ($1.73 billion) and said it expects loan losses to keep rising. The bank was hit hard by the financial crisis and a U.S. legal probe into its American clients' offshore accounts. But results were better than the same quarter last year and taken as a sign that the new management is taking necessary steps to turn the business around. UBS shares declined 1.9 percent before the bell.