Company News for August 7, 2009

• AIG International (NYSE:AIG) reported its first interim profit since the third quarter of 2007, beating estimates with adjusted earnings of $2.57 a share, topping projections of $1.67 on revenues of $2.95 billion ahead of revenue estimates of $19.9 billion

• Fannie Mae (NYSE:FNM) asked for an additional $10.7 billion cash infusion from the government, following its quarterly post of a $2.67 per share loss, or $15.2 billion

• NVIDIA (NASDAQ:NVDA) reported second quarter earnings of 7 cents a share, 9 cents ahead of estimates of a loss of 2 cents per share on revenues of $776.5 million, which beat estimates of $710.18 million

• Piper Jaffray (NYSE:PJC) upgraded shares of Crocs (NASDAQ:CROX) to "over-weight"

• Morgan Stanley (NYSE:MS) announced repurchase of $950 million of its warrants from the US Treasury, providing a 20% annualized return to US taxpayers

• CBS (NYSE:CBS) reported second quarter earnings of 8 cents a share, one penny ahead of estimates, on revenues of $3.01 billion

Read the full analyst report on AIG

Read the full analyst report on FNM

Read the full analyst report on NVDA

Read the full analyst report on PJC

Read the full analyst report on CROX

Read the full analyst report on MS

Read the full analyst report on CBS