AIG, Jobs Data: Friday's Headlines

NEW YORK (TheStreet) -- Here are the top stock market headlines for the morning of Friday, Nov. 6, 2009.

Friday's Earnings Roundup

• American International Group (AIG Quote) reported adjusted third-quarter earnings of $2.85 a share, well ahead of the Thomson Reuters average estimate of $1.98 a share. The insurer said total equity was $76.5 billion in the third quarter, a $14.4 billion increase sequentially. AIG said that when it closes the special purpose vehicles with respect to American International Assurance and American Life Insurance with the New York Federal Reserve, it expects to recognize an approximate $5 billion charge for accelerated amortization of the prepaid commitment asset. These transactions are expected to close in the fourth quarter, AIG said.
• Fortress Investment Group (FIG Quote) posted third-quarter earnings of 11 cents a share, beating the Thomson Reuters average estimate by two cents a share. Revenue dropped 22.4% to $143.7 million, also better than consensus targets.
• Royal Bank of Scotland (RBS Quote) reported total income of 7.1 billion pounds, compared to 8.6 billion pounds a year earlier, although the bank was hurt by impairment losses of 3.3 billion pounds, 2 billion pounds more than what it had booked last year. Without those charges, operating profit at the bank actually rose 55% to 1.75 billion pounds.
• Edison (EIX Quote) is expected to report a profit of $1.04 a share, down from $1.46 a share in the year-ago quarter, on revenue of $3.76 billion, according to analysts polled by Thomson Reuters
• Blackstone (BX Quote) will also report quarterly results before the start of trading, with analysts expecting a profit of 15 cents a share, swinging from a year-ago loss of 44 cents a share