By Lu Wang
Nov. 18 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading tomorrow. Stock symbols are in parentheses.
Standard & Poor's 500 Index futures expiring in December added 11.50, or 1.3 percent, to 866.50. Dow Jones Industrial Average futures gained 235, or 2.8 percent, to 8,494. Nasdaq-100 Index futures lost 6, or 0.5 percent, to 1,168.
Eagle Materials Inc. (EXP US): The maker of gypsum wallboard reduced its quarterly dividend by 50 percent to 10 cents a share, citing the need ``to increase financial flexibility during these times of economic uncertainty.'' The stock rose 1.4 percent to $18.53 in regular trading.
KLA-Tencor Corp. (KLAC US): The second-largest U.S. maker of semiconductor equipment said it plans to cut about 15 percent of its workforce as customers curb orders. The stock lost 3.2 percent to $16.81 in regular trading.
La-Z-Boy Inc. (LZB US): The maker of living-room recliners withdrew the latest full-year earnings forecast, cut the quarterly dividend in half and announced plans to reduce 10 percent of the workforce. The stock jumped 11 percent to $4.95 in regular trading.
Phoenix Cos. (PNX US): The insurer and money manager catering to wealthy clients said it applied for U.S. aid under the Treasury's Troubled Asset Relief Program and is considering acquiring a lender as part of the process. The stock fell 2.3 percent to $3.04 in regular trading.
TiVo Inc. (TIVO US): The pioneer of digital video recorders said it will cut jobs to reduce expenses. The stock rose 1 percent to $6.07 in regular trading.
To contact the reporter on this story: Lu Wang in New York at lwang8@bloomberg.net
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