Stocks in the news: AIG, Starbucks, Fannie Mae, General Electric

American International Group Inc. (AIG) posted its second straight profit Friday morning of $455 million, or 68 cents a share, as investment losses narrowed and catastrophe costs declined. But revenue fell at life and property-casualty operations. Shares fell over 10 percent ahead of the bell.

Starbucks (SBUX), late Thursday, reported higher earnings, saying adjusted profit of 24 cents per share, beating the 21-cents-per share estimate of analysts polled by Thomson Reuters mostly due to cost cutting measures. The coffee chain lifted its fiscal 2010 adjusted earnings guidance due to improving traffic in its stores. Shares jumped about 4 percent in premarket trade.