Heavy metal

Alcoa’s second-quarter loss widened due to weak aluminum prices, although the results were slightly better than expected after excluding restructuring and legal costs. Alcoa’s loss was $119 million, or 11 cents per share.

Sprint wins

Clearwire shareholders voted in favor of Sprint Nextel’s bid for full control of the wireless Internet operator.

Content deal

CBS and Netflix announced an extension of their licensing agreement for select CBS library content streamed to Netflix customers. Terms were not disclosed.

Citiscape

Citigroup added to its board Gary Reiner, former chief information officer at General Electric, and James Turley, former chairman and CEO of accounting firm Ernst & Young.

MiramaXXX

Colony Capital Chairman Tom Barrack took over as chairman of his company’s Miramax film unit following the resignation of Richard Nanula after the latter appeared on a website having sex with an adult-film star.