KLA-Tencor to change name to KLA Corp.
KLA-Tencor Corp. said Thursday it will change its name to KLA Corp. The semiconductor equipment maker said the change comes about 22 years after the KLA and Tencor merged. The company said it is also "rebranding" by adopting the tagline "Keep Looking Ahead." The stock, which was still inactive in premarket trade, has slipped 0.4% over the past three months, while the PHLX Semiconductor Index has lost 4.2% and the S&P 500 has dropped 7.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.