Bank of America, Ivanhoe, Royal Caribbean: U.S. Equity Preview

By Lu Wang

Oct. 6 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading tomorrow. Stock symbols are in parentheses, and share prices are as of 5:45 p.m. in New York, unless otherwise specified.

Standard & Poor's 500 Index futures expiring in December lost 55, or 5 percent, to 1,053.30. Dow Jones Industrial Average futures fell 400, or 3.9 percent, to 9,964. Nasdaq-100 Index futures slipped 71, or 4.8 percent, to 1,406.50.


Bank of America Corp. (BAC US) fell $3.20, or 9.9 percent, to $29.02. The lender said it will cut its dividend by 50 percent and sell $10 billion in common shares after third-quarter profit slumped 68 percent.

Ivanhoe Energy Inc. (IVAN US): The oil and natural-gas producer will sign an oil production deal this week with state- owned energy company PetroEcuador, Mines and Oil Minister Galo Chiriboga said. The stock dropped 12 percent to $1.10 in regular trading.

Regis Corp. (RGS US) fell 48 cents, or 1.9 percent, to $24.60. The company, which runs Supercuts and Cost Cutters hair salons, forecasted fiscal 2009 profit from continuing operations of as much as $2.03 a share. In August, the company forecast as much as $2.29.

Royal Caribbean Cruises Ltd. (RCL US): The world's second- largest cruise operator said it will sell its half-interest in Island Cruises to First Choice Holidays Ltd., the other 50 percent owner in the joint venture. The stock dropped 9.2 percent to $17.37 in regular trading.

SLM Corp. (SLM US): The U.S. student lender known as Sallie Mae said it reduced commitments under its FFELP asset-backed commercial paper program to $21.9 billion from $26 billion and received fee rebates of $10.2 million after the cut. The stock lost 4.2 percent to $9.59 in regular trading.

To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net