* E*Trade (NASDAQ:ETFC) said the company faces regulatory pressure to increase its capital following release of its seventh straight quarterly loss. First quarter results indicated a 41 cent loss per share, one cent more than expected, as revenues fell 6% year-over-year to $497.3 million

* Verizon (NYSE:VZ) shares gained Tuesday amid rumors the company is in talks with Apple (NASDAQ:AAPL) about a possible new iPhone and/or Microsoft (NASDAQ:MSFT) on an iPhone competitor

* Dendreon’s (NASDAQ:DNDN) drug Provenge was found to increase lives of advanced prostate cancer victims by 4.1 months, increasing the likelihood of FDA approval

* US Steel (NYSE:X) reported a worse-than-expected first quarter loss of $3.84 per share versus expected loss of $1.69 per share. The company slashed its dividend to 5 cents from 30 cents; expects another operating loss in the second quarter; plans 18 million common share offering and $300 million senior notes due 2014; will curb capital spending to $410 million from $740 million expected

* Waste Management (NYSE:WMI) reported first quarter results one penny better than anticipated at 42 cents per share, as revenues fell 14.1% year-over-year to $2.8 billion

* General Dynamics (NYSE:GD) reported first quarter earnings topping estimates by 8 cents at $1.54 per share, as revenues gained 18% year-over-year to $8.26 billion

* Hess (NYSE:HES) reported a first quarter loss of 18 cents per share, beating estimates by 9 cents, as revenues fell 35.8% year-over-year to $6.87 billion

* Wyeth (NYSE:WYE) topped estimates by 7 cents, reporting first quarter results of 95 cents (ex-items), as revenues fell 6% year-over-year to $5.38 billion. The firm reaffirmed its 2009 EPS guidance in the range of $3.33-$3.53; the Street expects EPS of $3.50

* Medco Health Solutions (NYSE:MHS) reported inline quarterly results of 63 cents, as revenues gained 14.4% year-over-year to $14.83 billion. The company expects full-year 2009 results in the range of $2.67-$2.77 versus estimates of $2.73

* Aetna (NYSE:AET) reported its first quarter topped estimates by 3 cents, posting at 96 cents as revenues advanced 10.5% year-over-year to $8.6 billion

* Time Warner (NYSE:TWX) reported first quarter results of 45 cents, 7 cents better than expected, as revenues fell 7% year-over-year to $6.95 billion. The company reaffirmed its 2009 earnings guidance of $1.98 per share versus estimates of $1.96

* Baker Hughes (NYSE:BHI) reported first quarter results of 82 cents, beating estimates by 6 cents as revenues fell 0.1% year-over-year to $2.67 billion

* ArcelorMittal (NYSE:MT) reported a 78 cent first quarter loss, missing estimates by 39 cents, as revenues fell 49.3% year-over-year to $15.12 billion

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