HEADLINE STOCKS-Some U.S. stocks on the move on August 7

(Updates to afternoon trading, adds UBS, Target, Applied Industrial, Energy Recovery, Knot, VeriSign, Treehouse, WNS Holdings, AMN Healthcare, Luminex)

NEW YORK, Aug 7 (Reuters) - Some U.S. stocks on the move on Friday:

AMERICAN INTERNATIONAL GROUP INC (AIG.N), $26.79, up 19 pct

The insurance company posted adjusted second-quarter earnings that beat expectations. [ID:nN06342665]

CIT GROUP INC CIT.N. $1.67, up 3.1 pct

The company suspended the payment of preferred dividends and commented on the progress of its restructuring. [ID:nWNBB2058]

UBS AG (UBS.N) (UBSN.VX), $15.40, up 4.3 pct

No final out-of-court settlement has yet been been reached in a tax-evasion dispute pitting the U.S. government against UBS, according to a U.S. Justice Department attorney. [ID:nN07232586]

ROYAL BANK OF SCOTLAND (RBS.N), $16.34, down 11 pct (U.S. shares)