NEW YORK ( TheStreet) -- Aluminum producer Alcoa (AA) was falling 2.8% to $17.27 in premarket trading Tuesday after reporting first-quarter earnings that squeaked past Wall Street expectations by a penny, but its top line missed analysts' estimates.
Oil giant BP (BP) was falling 1.8% to $45.83 amid reports that it may be facing a lawsuit of around $10 billion from the management of joint venture TNK-BP over a violation of their shareholder contract.
Mobile device maker Nokia (NOK) revealed two new smartphone products operating on the updated Symbian software. Nokia was down 0.7% to $8.97.
Consumer giant Procter & Gamble (PG) announced a 9% quarterly dividend increase. P&G was down 0.1% to $62.10.
Teva Pharmaceutical (TEVA) was rising 0.1% to $49.05 as Reuters reported that its experimental oral multiple sclerosis drug reduced the disease's relapse rate by 23% over a placebo in a late stage study.
Santa Clara, Calif.-based mobile networking equipment maker Extreme Networks (EXTR) warned of a revenue shortfall in its fiscal third quarter.
Drug company Durect ( DRRX) said a Phase II clinical trial for its shingles-related, chronic lower back pain treatment Eladur didn't demonstrate a significant improvement for patients compared to a placebo.
Computer hardware company Hewlett-Packard ( HPQ) considered buying Tibco Software ( TIBX) until two weeks ago when the talks petered out, Reuters reported, citing two sources familiar with the matter.
Marine dry bulk transportation services provider Safe Bulkers (SB) said it plans to offer 5 million common shares, proceeds of which will be used for vessel acquisitions, capital expenditures and other general corporate purposes, including debt repayment. >>Search for Highest Dividends by Rate or Yield
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