By Elizabeth Campbell and Whitney Kisling
Nov. 11 (Bloomberg) -- The following companies may have unusual price changes in U.S. trading. Stock symbols are in parentheses, and share prices are as of 8 a.m. in New York.
Citigroup Inc. (C US) fell 2.1 percent to $10.97. The fourth-biggest U.S. bank by market value said it will halt some foreclosures as it modifies about $20 billion in mortgages.
Focus Media Holding Ltd. American depositary receipts (FMCN US) dropped 32 percent to $10.90. China's largest publicly traded advertising company said it expects to earn 46 cents a share at most in the fourth quarter. That trailed the 57-cent average estimate from analysts in a Bloomberg survey.
Fossil Inc. (FOSL US) dropped 5.9 percent to $14.10. The seller of namesake watches and accessories lowered its fourth- quarter earnings forecast to 70 cents a share, less than the average analyst estimate of 76 cents, because of the strengthening dollar.
Genworth Financial Inc. (GNW US) declined 10 percent to $2.44. The insurer spun off by General Electric Co. said it's no longer eligible to participate in a federal program that buys short-term debt because its credit ratings were cut.
KKR Financial Holdings LLC (KFN US) gained 34 percent to $4.39 in extended trading yesterday. The debt-investment affiliate of private-equity firm KKR & Co. halted its dividend and arranged $400 million in loans from banks and KKR to pay off other debts.
Optimer Pharmaceuticals Inc. (OPTR US) surged 96 percent to $9. The company said its anti-infective drug candidate, OPT-80, helped patients in a study with a drug-resistant intestinal superbug.
Sangamo BioSciences Inc. (SGMO US) fell 61 percent to $2.55. The company said tests of a treatment for diabetic neuropathy showed ``no significant differences'' between people receiving the drug and those given placebos.
Starbucks Corp. (SBUX US) dropped 6.9 percent to $9.50. Chief Executive Officer Howard Schultz backed away from his goal of opening 40,000 stores after the world's largest chain of coffee shops reported fourth-quarter profit that plunged 96 percent.
Wynn Resorts Ltd. (WYNN US) gained 2.5 percent to $47.99. The biggest U.S. casino company by market value was picked to replace Ashland Inc. (ASH US) in the Standard & Poor's 500 Index. Dentsply International Inc. (XRAY US), which will take the place of Hercules Inc. (HPC US) in the benchmark, rose 4.1 percent to $30.30 in extended trading yesterday.
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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