Oct. 30 (Bloomberg) -- Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 4 p.m. in New York. Banks fell after the chairman of the U.S. House Financial Services Committee said he will support requiring them to pay into a fund used to unwind large firms that fail. Legislation will be amended to create an assessment on institutions with more than $10 billion of assets, Barney Frank, a Massachusetts Democrat, said today in an interview on Bloomberg Television’s “Political Capital with Al Hunt” being broadcast this weekend. Bank of America Corp. (BAC:US) fell 7.3 percent to $14.58 for the biggest drop in the Dow Jones Industrial Average. JPMorgan Chase & Co. (JPM:US) fell 5.8 percent to $41.77. Morgan Stanley (MS:US) declined 4.6 percent to $32.12. Citigroup Inc. (C:US) fell 5.1 percent to $4.09. The lender 34 percent owned by the U.S. government may have a $10 billion writedown of deferred tax assets in the fourth quarter, CNBC reported, citing comments on a conference call by Michael Mayo, an analyst with Calyon Securities USA Inc. Alcatel-Lucent SA (ALU:US) slumped 12 percent, the most since May 13, to $3.69. The world’s largest supplier of fixed- line phone networks posted a third-quarter net loss of 182 million euros ($270 million), wider than the 174.4 million-euro loss average of eight estimates compiled by Bloomberg. Aon Corp. (AOC:US) lost 6.5 percent, the most since May 1, to $38.51. The world’s largest insurance broker posted a 25 percent profit decline as the company spent $99 million on costs tied to its restructuring program and acquisition of Benfield Group Ltd. CEC Entertainment Inc. (CEC:US) advanced 15 percent, the most since July 23, to $29.21. The owner of Chuck E. Cheese’s restaurants boosted its 2009 forecast, saying it expects to earn as much as $2.67 a share. CIT Group Inc. (CIT:US) dropped 24 percent to 72 cents, the biggest drop in the Russell 1000 Index. The 101-year-old commercial lender trying to avoid collapse reached a deal with Goldman Sachs Group Inc. to reduce a $3 billion credit facility to $2.13 billion and keep the line open should CIT file for bankruptcy. CIT also announced an agreement with billionaire investor Carl Icahn to support its restructuring plan. Icahn will supply a $1 billion credit line that can be used as bankruptcy financing, the company said. Curtiss-Wright Corp. (CW:US) dropped 12 percent to $29.82, the lowest price since July 14. The maker of precision components for commercial and military systems projected it will have earnings for 2009 of no more than $2.15 a share, lower than the average analyst estimate of $2.37 in a survey by Bloomberg. Cummins Inc. (CMI:US) declined 6.2 percent, the most since May 13, to $43.06. The largest maker of heavy-duty diesel truck engines in North America said sales in most markets won’t increase next year. Domtar Corp. (UFS:US) gained 5.9 percent to $41.89, rising for a second day. North America’s largest maker of paper for copiers and envelopes reported third-quarter profit that topped analysts’ estimates as costs declined and pulp shipments increased. Estee Lauder Cos. (EL:US) gained 3.3 percent to $42.50, the biggest gain in two weeks. The maker of Clinique and Bobbi Brown cosmetics reported first-quarter profit that topped analysts’ estimates after reducing expenses. GFI Group Inc. (GFIG:US) declined 23 percent, the most since September 2008, to $5.15. The New York-based inter-dealer broker of derivatives and securities posted earnings excluding some items of 6 cents a share in the third quarter, missing the average analyst estimate by 30 percent. Harman International Industries Inc. (HAR:US) rose the most in Standard & Poor’s 500 Index, surging 14 percent to $37.61. The maker of audio systems for homes and vehicles reported a loss of 5 cents per share, better than the average analyst estimate of a 25-cent loss in a Bloomberg survey. ITT Corp. (ITT:US) dropped 6.7 percent, the most since March 2, to $50.70. The maker of military night vision goggles disappointed investors by failing to disclose any information on mergers or acquisitions when announcing its third-quarter results, and giving a fourth-quarter forecast that missed expectations, according to Deutsche Bank AG. Lincoln Electric Holdings Inc. (LECO:US) climbed 7.1 percent, the most since July 28, to $47.44. The world’s largest welding-equipment maker reported adjusted earnings of 63 cents per share, 55 percent better than the average analyst estimate. Manitowoc Co. (MTW:US) slid 13 percent to $9.14 for the second-biggest drop in the Russell 1000 Index. The maker of cranes and machinery reported third-quarter sales, adjusted net income and adjusted earnings that missed analysts’ estimates. The company reported a quarterly loss of 4 cents a share, compared with the average analyst estimate of 7 cents in profit. McAfee Inc. (MFE:US) fell 4.3 percent, the most since July 30, to $41.88. The second-biggest maker of security software reported third-quarter sales that fell short of some analysts’ estimates as the company took fewer clients from rival Symantec Corp. MetLife Inc. (MET:US) fell 7.6 percent, the most since May 13, to $34.03. The biggest U.S. life insurer posted its third straight loss as the bond market rally that helped restore profits at smaller rivals weighed on results. MicroStrategy Inc. (MSTR:US) climbed the most since October 2004, rising 19 percent to $87.27. The maker of analytical software for Citigroup Inc. said it had third-quarter earnings of $1.73 per share, 83 percent higher than the average analyst estimate in a Bloomberg survey. Novatel Wireless Inc. (NVTL:US) fell the most in the Russell 2000 Index, plunging 27 percent to $8.92. The maker of wireless data-access cards for personal computers forecast sales of $95 million at most in the fourth quarter. That trailed the average analyst estimate of $95.5 million, according to Bloomberg data. Stanley Inc. (SXE:US) gained 9.5 percent, the most in a year, to $28.25. The contractor for the U.S. State Department was raised to “outperform” from “market perform” and its price estimate raised to $34 from $31 at Wells Fargo, which cited better-than-expected third quarter revenue. Syntel Inc. (SYNT:US) sank 14 percent, the most since February 2003, to $35.83. The manager of software projects for other companies was cut to “sell” from “hold” at Deutsche Bank AG, which said the company’s profit margins have peaked. Tessera Technologies Inc. (TSRA:US) plunged 18 percent, the most since Dec. 2, to $22.11. The maker of semiconductor technology predicted fourth-quarter sales of no more than $62 million, missing the average analyst forecast of $68.9 million, according to data compiled by Bloomberg. Wright Medical Group Inc. (WMGI:US) climbed 5.5 percent to $16.25, the biggest gain since Aug. 4. The maker of hip and knee implants posted third-quarter profit excluding some items of 19 cents a share, exceeding the average analyst estimate by 23 percent, according to Bloomberg data. YRC Worldwide Inc. (YRCW:US) slipped 10 percent to $3.65, the steepest drop since Oct. 9. The largest U.S. trucking company posted a loss excluding some items of $2.66 a share in the third quarter, 63 percent wider than the average analyst estimate. Zale Corp. (ZLC:US) slumped 26 percent, the most since Jan. 21, to $4.73. The biggest U.S. jewelry chain reported a loss in the fiscal fourth quarter and said same-store sales have declined 8 percent in the current fiscal year. Reuters reported that Zale said on a conference call that the U.S. Securities and Exchange Commission is investigating accounting issues that led to the restatement of 2008 and 2009 earnings. To contact the reporter on this story: Elizabeth Stanton in New York at estanton@bloomberg.net

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