Ruckus Wireless (RKUS) announced the pricing of its initial public offering of 8,400,000 shares of its common stock at a price to the public of $15.00 per share. Of the 8,400,000 shares, 7,000,000 shares are being offered by Ruckus Wireless and 1,400,000 shares are being offered by certain selling stockholders.
Roper Industries (ROP) was upgraded by Citigroup (C) to neutral from buy with a price target of $130, as the company offers a growth story that is compelling. Shares are higher by about four tenths of a percent.
Precision Castparts (PCP) maintained its quarterly dividend of 3 cents per share. The dividend is payable on December 31, 2012, to shareholders of record at the close of business on December 7, 2012.
Sears Holdings (SHLD) announced it it lost $1.99 per share during the third quarter, down from $2.55 per share in the same period last year. Excluding one time items, the company lost $4.70 per share, versus a loss of $3.85 per share last year.
Dutch based ING (ING) announced that it is planning an IPO to spin off its US retirement, investment, and insurance business. The company plans to raise $100 million in the offering, and has been selling off assets to meet condition of a $13.5 billion bailout it received.
PetSmart (PETM) had its price target and estimates increased as a result of operating momentum. An overweight rating was issued with a $79 price target.
Tiffany & Company (TIF) maintained its quarterly dividend of 32 cents per share. The dividend will be paid on January 10, 2013 to stockholders of record on December 20, 2012.
Stocks slumping on a surge in jobless claims data last week. Economists said even considering disruptions from Hurricane Sandy, the addition of 78,000 new claims last week are considerable.
Target (TGT) announced that it earned $637 million, or 96 cents per share, up 15 percent from $555 million, or 82 cents per share, in the same period last year. Excluding certain items, earnings were 90 cents per share, beating estimates of 78 cents per share.
Japanese sprinter, Kenichi Ito, has broken his own record as the world’s fastest man on four limbs as recognized by the Guinness World Records. He ran a 100-meter track in 17.47 seconds breaking his own record from 2008 of 18.58 seconds.
