By Elizabeth Campbell and Whitney Kisling
Oct. 31 (Bloomberg) -- The following companies had unusual price changes in U.S. trading. Stock symbols are in parentheses, and share prices are as of 4 p.m. in New York.
Airlines climbed as crude oil slid, heading for its biggest monthly slump since New York trading began in 1983.
Delta Air Lines Inc. (DAL US) advanced 15 percent to $10.98. Continental Airlines Inc. (CAL US) added 12 percent to $18.92. AMR Corp. (AMR US), which owns American Airlines, gained 11 percent to $10.22. UAL Corp. (UAUA US) increased 10 percent to $14.56. US Airways Group Inc. (LCC US) rose 8.7 percent to $10.14.
Akamai Technologies Inc. (AKAM US) gained 4.2 percent to $14.38, the highest since Oct. 21. The largest supplier of software and services to speed the delivery of Web sites reported third-quarter profit rose 37 percent on increased sales.
Aon Corp. (AOC US) climbed the most since August 2005, rising 11 percent to $42.29. The world's biggest insurance broker reported third-quarter profit, excluding some items, of 69 cents a share, beating the average analyst estimate by 5 cents, according to Bloomberg data.
B&G Foods Inc. (BGS US) rallied 31 percent to $3.73 for the biggest climb since May 2007. The maker of Ortega taco shells and Cream of Wheat cereal was raised to ``neutral'' at Credit Suisse Group AG. The company also said it may buy back as much as $10 million in shares.
Bare Escentuals Inc. (BARE US) fell the most since shares began trading two years ago, losing 39 percent to $4.18. The maker of mineral-based cosmetics forecast full-year sales growth of 10 percent, less than a July projection of 15 percent to 20 percent.
Carnival Corp. (CCL US) lost 12 percent to $25.40 for the biggest plunge since September 2001. The world's biggest cruise- line company said it will suspend its quarterly dividend. Carnival also said profit may decline in 2009 as bookings slow.
CommScope Inc. (CTV US) declined 27 percent to $14.71, the lowest since May 2005. The Hickory, North Carolina-based maker of communications equipment for AT&T Inc. (T US) forecast 2008 sales of $4.03 billion to $4.08 billion, less than the $4.13 billion average estimate of analysts surveyed by Bloomberg. The stock was cut to ``neutral'' from ``overweight'' at JPMorgan Chase & Co.
Cummins Inc. (CMI US) fell the most in a decade, sliding 17 percent to $26.15. The maker of more than a third of North America's heavy-duty truck engines cut its full-year sales forecast because of falling demand in some markets.
Electronic Arts Inc. (ERTS US) slid the most since December 1999, plunging 17 percent to $22.78. The world's second-largest video-game maker lowered its fiscal-year earnings forecast after reporting a wider second-quarter loss. The company also said it plans to cut 6 percent of its jobs.
Express Scripts Inc. (ESRX US) climbed 5.3 percent to $60.61, the highest since Oct. 20. The third-largest U.S. manager of drug benefits raised its 2008 forecast and predicted higher earnings in 2009, noting the increased use of cheap generic drugs, which leads to higher profits for benefit managers.
Medco Health Solutions Inc. (MHS US), the largest U.S. drug benefits manager, added 3.3 percent to $37.95. CVS Caremark Corp. (CVS US), the second-biggest, advanced 4.5 percent to $30.65.
Huntsman Corp. (HUN US) lost 26 percent to $10.10 for the biggest slide since June 19. Hexion Specialty Chemicals Inc. lost a bid in New York court to force Credit Suisse Group AG and Deutsche Bank AG to reconsider financing the takeover of Huntsman, the biggest maker of epoxy adhesives.
JPMorgan Chase & Co. (JPM US) rose the most in the Dow Jones Industrial Average, adding 9.7 percent to $41.25. The largest U.S. bank by market value said it issued $25 billion of preferred stock and warrants to the U.S. Treasury as part of the government's plan to shore up lenders and thaw credit markets. The company said none of its customers will face foreclosure in the next 90 days while it finds ways to make payments easier on $110 billion of problem mortgages.
KLA-Tencor Corp. (KLAC US) rallied 9 percent to $23.25, the highest since Oct. 14. Bookings at the second-largest U.S. maker of semiconductor equipment may rebound, FBR Capital Markets Corp. analysts said. KLA-Tencor also beat FBR's estimates for revenue in the fiscal first quarter.
Massey Energy Co. (MEE US) rose 13 percent, the most since Oct. 13, to $23.09. The fourth-largest U.S. coal-producer reported third-quarter profit excluding some costs that beat the average analyst estimate by 17 percent on greater sales of the power-plant and steelmaking fuel at higher prices.
McAfee Inc. (MFE US) rose the most since February 2006, climbing 17 percent to $32.55. The second-biggest maker of security software reported profit and revenue that beat analysts' estimates on an increase in orders for programs that protect computers and information.
Monster Worldwide Inc. (MNST US) gained 11 percent to $14.24, the highest since Oct. 13. The operator of the world's biggest online job-search Web site reported third-quarter profit, excluding some items, that topped analysts' average estimate by 19 percent as the company cut costs and squeezed more revenue from the slumping employment market.
Morningstar Inc. (MORN US) slumped 5.9 percent to $37.44, the lowest since November 2005. The company best known for its five-star mutual-fund ratings reported third-quarter sales growth at the slowest rate since it went public as the customers delayed purchases of financial data and investment-advisory services.
Powerwave Technologies Inc. (PWAV US) slid the most since shares began trading in 1996, dropping 47 percent to 95 cents. The maker of wireless communications products for Alcatel-Lucent (ALU US) cut its 2008 sales forecast, saying customers have canceled or delayed orders for equipment because of the global credit crisis.
Principal Financial Group Inc. (PFG US) declined 5.4 percent to $18.99. The Des Moines, Iowa-based seller of retirement savings plans was cut to ``sell'' from ``neutral'' at UBS AG, which said the company has ``limited excess capital.''
Protective Life Corp. (PL US) slid 16 percent to $8.35, the lowest since May 1993. The Alabama-based insurer was lowered to ``sell'' from ``buy'' at UBS AG on losses in its investment portfolio. Analyst Andrew Kligerman also cut the insurer's price target by 74 percent to $6.50 a share.
Sun Microsystems Inc. (JAVA US) slumped 13 percent, the most since Oct. 21, to $4.60. The world's fourth-largest maker of server computers posted its second loss in three quarters as corporate customers cut back spending amid the global credit crunch.
Sunrise Senior Living Inc. (SRZ US) lost 31 percent to $3.02, the lowest since shares went public in 1996. Health Care REIT Inc. terminated an agreement to buy a 90 percent stake in 29 senior housing properties managed by the Mclean, Virginia-based company because of ``uncertainty in the capital markets.'' Sunrise manages more than 450 retirement communities.
Town Sports International Holdings Inc. (CLUB US) fell 28 percent to $2.49 for the biggest drop since the shares began trading in June 2006. The owner of New York Sports Clubs lowered its fourth quarter and 2008 earnings forecast because of the ``worsening consumer spending environment.''
Wynn Resorts Ltd. (WYNN US) rallied the most since share began trading six years ago, surging 30 percent to $60.40. The biggest U.S. casino company by market value said third-quarter profit rose 14 percent as increased gambling in Macau made up for declines in Las Vegas. Earnings before certain costs beat the average analyst estimate by 4.4 percent, according to Bloomberg data.
Other casino operators also advanced. Las Vegas Sands Corp. (LVS US) increased 37 percent to $14.19. MGM Mirage (MGM US) climbed 7.1 percent to $16.46. Boyd Gaming Corp. (BYD US) rose 18 percent to $6.80.
International Game Technology (IGT US), the world's largest maker of slot machines, added 17 percent to $14.
To contact the reporters on this story: Elizabeth Campbell in New York at ecampbell11@bloomberg.net; Whitney Kisling in New York at wkisling@bloomberg.net.
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