General Electric Co. (NYSE:GE): General Electric will be filing a registration statement for an initial public offering of its North American Retail Finance arm in the first quarter of next year, the company said Friday. General Electric will put float as much as 20 percent of the equity in the business and plans to “complete the IPO” later in the year.
Green Mountain Coffee Roasters (NASDAQ:GMCR): KeyBanc revealed that its channel checks have in fact not indicated a pricing war with other K-Cup manufacturers as it reiterates a Buy rating and $100 price target on the company. KeyBanc is confident that Green Mountain isn’t losing share as critics have suggested, nor is the price point of its K-Cups in danger from cheaper alternatives.
T-Mobile US (NYSE:TMUS): T-Mobile has made an offering priced at $25 per share, 2 percent below Thursday’s close and 7 percent below where shares were trading when the offering was announced on Monday. In total, T-Mobile is moving 66.15 million shares, with gross proceeds set to total $1.65 billion; the carrier’s share count is slated to grow by 9 percent.
LinkedIn Corp. (NYSE:LNKD): Shares are up as Stifel comes out with a positive note and a price target of $300 for the site, as analyst Michael Purcell has nothing but fond things to say about the company; he says that it’s “evolving into a critical daily or weekly platform for professional workers of all types” and will “remain pivotal in the increasingly complex forces of global business expansion and labor.”
Chevron Corp. (NYSE:CVX): A worker was killed at a fire at one of Chevron’s facilities in Mississippi following an explosion and a fire that broke out at the refinery. While the cause is still under investigation, Chevron maintains that there’s no threat or danger to the community.