• Johnson & Johnson (NYSE:JNJ) beat estimates with third quarter earnings of $1.20 a share, seven cents better than expected on revenues of $15.08 billion, below estimates of $15.22 billion. The company said it now sees 2009 earnings of $4.54 to $4.59 a share, compared with its previous guidance of $4.45 to $4.55 a share

• UBS (NYSE:UBS) initiated coverage of VF Corp (NYSE:VFC) with a "buy" rating

• Pier 1 Imports (NYSE:PIR) reported a 9.9% gain in September same-store-sales, versus last year's 11.7% decline. The company expects inventory levels will peak at the end of the quarter at about $350 million

• According to the WSJ, Macau may draft rules within the next two months to impose age and table limits on casinos there

• AIG International (NYSE:AIG) agreed to sell its Taiwan life insurance unit to a Hong Kong investment group for $2.15 billion

• 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