(Premarket roundup updated with KB Home earnings results and updated share price movements.)
NEW YORK ( TheStreet) --
Xoma ( XOMA) released disappointing interim results Thursday from a phase IIa study of Xoma 052 in Type 2 diabetes. Xoma fell 10% to $6.10.
Sara Lee ( SLE) will follow through on plans to split its meat and coffee businesses into two separate companies after turning down Brazilian beef processor JBS SA's buyout offer, a report says. Premarket quotes were unavailable for Sara Lee. Shares of Sara Lee ended Thursday's trading session flat at $17.46.
Liz Claiborne ( LIZ) slashed its profit outlook following a weak December for its Lucky Brand, Juicy Couture and Mexx Europe brands. Liz Claiborne said it now projects the improvement in its adjusted operating income at $40 million to $50 million for the second half of fiscal 2010, which ended in December. Its previous view called for an improvement of $80 million. Shares of Liz Claiborne tumbled 18.8% to $5.60 in premarket trading.