By Sabela Ojea

Trian Fund Management L.P. billionaire activist investor Nelson Peltz plans to mount a proxy fight for a seat on Walt Disney Co.'s board. Disney shares increased 1.4% in after- hours trading.

Yield10 Bioscience Inc. said it signed a memorandum of understanding for a potential biofuel partnership with Mitsubishi Corp. In after-hours trading, Yield10 shares soared 57%.

KB Home reported weaker-than-expected fourth-quarter earnings. It cited "sharply lower demand stemming from higher mortgage interest rates, inflation and other macroeconomic and geopolitical concerns." Shares slid 9.6% after hours.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

January 11, 2023 19:03 ET (00:03 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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