Stocks in the news: AIG, Crocs, CBS


The following post rounds up the companies making headlines today:

American International Group Inc. (AIG), which reported earnings Friday morning, saying it posted its first profit since 2007, earning $1.82 billion, or $2.30 a share in the second quarter, compared to a loss of $5.36 billion, $41.13 a share a year ago. Adjusted net income was $2.0 billion and total revenue for the second quarter was $29.52 billion, versus $19.93 billion a year ago. Analysts polled by Thomson Reuters had expected the company to earn $1.67 a share. Shares jumped over 17% in pre-market trading after shooting up over 60% the past couple of days.

Royal Bank of Scotland (RBS) reported wider losses on Friday of 1 billion-pound ($1.7 billion) in the first half as investment banking profits failed to offset bad debts and the 70 percent state-owned lender warned of more "poor" results to come before its own and the economy's recovery. Results may not improve significantly until 2011, it said as it also appointed a new CFO. Investors, no longer expecting a profit in the second half punished the shares, taking them down over 13 percent.