* AOL Time Warner – fell 15c (1.1%) to $13.23 after exchanges closed. Ted Turner, the biggest individual shareholder of AOL Time Warner, sold 60mio shares, or more than half his stake, in the world’s biggest media company.
* J.D. Edwards & Co. – fell $2.01 to $10.99 after exchanges closed. The company, whose software manages tasks such as processing payroll and tracking inventory, said sales in Q2 ended April 30 fell as much as 11%.
* Metlife Inc. – fell 96c to $27.20 after exchanges closed. The biggest U.S. life insurer’s Q1 profit before realized investment gains and losses was 62c a share. Analysts had expected 65c on average.
* Alcoa Inc. – the world’s biggest aluminium maker said that it agreed in principle to pay $410mio in stock to Camargo Correa Group for a 41% stake in its South American operations it does not already own.
* Avaya Inc. – the largest U.S. maker of office-telephone equipment had its corporate credit rating lowered one level to B+ by S&P.
* 3Com Corp. – the Santa Clara, California-based computer-networking gear maker said in a statement that three executives will not move with colleagues to Massachusetts. It will search for their replacements.
* Motorola Corp. – shuts China head office for 2 weeks on SARS.