Bank of America, Pfizer, Safeway among big movers

Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:

NYSE

Bank of America Corp., down $8.45 at $23.77

Third-quarter profit fell 68 percent, and the company cut its dividend and said it will raise $10 billion by issuing common stock.

Royal Bank of Scotland Group, down $1.14 at $1.49

Shares remained pressured after an S&P downgrade Monday, despite the bank denying rumors that it sought government aid.

Advanced Micro Devices Inc., up 36 cents at $4.59

The chip maker announced a broad plan to cut costs by spinning off factories into a joint venture with investors in Abu Dhabi.

Pfizer Inc., down $1.29 at $17.65

As part of a broad plan to ignite growth, the drug maker said it will reorganize units to better coordinate drug development.

TRW Automotive Holdings, down 55 cents at $12.84

The auto-parts company forecast a loss in the third quarter due to lower-than-expected sales and higher commodity costs.

Safeway Inc., up $1.08 at $22.85

Gasoline sales and a boost from its more upscale stores helped the big grocer post a slight rise in profit in the third quarter.

Eli Lilly & Co., up 19 cents at $38.61

The drug maker agreed to a $62 million settlement to resolve a probe into how it marketed its antipsychotic drug Zyprexa.

NASDAQ

VeriSign Inc., down 65 cents at $23.30

The Internet firm sold the minority stake of its Jamba mobile-entertainment joint venture to News Corp. for $200 million.