NEW YORK (TheStreet) -- Aluminum producer Alcoa(AA) - Get Report 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.
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
over a violation of their shareholder contract.
Mobile device maker
revealed two new smartphone products operating on the updated Symbian software. Nokia was down 0.7% to $8.97.
Procter & Gamble
announced a 9% quarterly dividend increase. P&G was down 0.1% to $62.10.
was rising 0.1% to $49.05 as
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
in its fiscal third quarter.
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
until two weeks ago when
reported, citing two sources familiar with the matter.
Marine dry bulk transportation services provider
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.
-- Written by Andrea Tse in New York.
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