Market Roundup (RIMM, MMC, DAR, APEI)

Shares of Research In Motion RIMM fell about 2.2% after Kaufman Bros. analyst Shaw Wu downgraded RIMM from “buy” to “hold” to reflect the "major product transitions and increasing competition in its core markets for RIMM.” RIMM shares have lost 8.24% in the past 52 weeks. Shares of Marsh & McLennan Cos MMC declined about 3% after the company reported weaker-than-expected Q3 results. The company's adjusted earnings came in at $0.27 per share. However, analysts were expecting earnings at $0.28 per share. Shares of Darling International Inc DAR advanced about 11.5% after the company announced its plans to purchase Griffin Industries Inc for an aggregate price of $840 million. Randall C Stuewe, Chairman and CEO of Darling International said, "We are truly honored to have the opportunity to combine our two companies. Griffin Industries has built one of the most successful rendering and bakery by-products companies in the United States. Griffin's long standing tradition of excellent customer service and highly efficient operations will truly enhance our company for today and the future. The combination of our two companies fills out our national footprint and gives us the ability to better serve our customers from coast to coast." Shares of American Public Education Inc APEI surged about 21% after the company reported 12% y/y surge in its Q3 net income. The company also issued upbeat projections for the fourth quarter. APEI shares have lost 18.93% in the past 52 weeks. Read more from Benzinga's Markets.