What’s Moving These Hot Stocks: Boston Scientific, Ford, Chesapeake, Nokia
Boston Scientific Corporation (NYSE:BSX) scores FDA approval, and announces market intro of its Ingenio and Advantio pacemakers and Invive cardiac resynchronization therapy pacemakers. The Ingenio pacemaker’s first U.S. implant was performed on May 3 at the Cleveland Clinic.
Ford Motor Company’s (NYSE:F) top executive in Germany Bernhard Mattes, thinks that rivalry could grow in Europe, and could lead to “ruinous” price wars, says MarketWatch, which cites the Financial Times Deutschland. Meanwhile, General Motors (NYSE:GM) intends tocease production of its Opel Astra model in Rüsselheim, according to the Frankfurter Allgemeine Zeitung.
Chesapeake Energy Corporation (NYSE:CHK) affiliate SemGroup’s (NYSE:SEMG) subsidiary, and Gavilon report the creation of Glass Mountain Pipeline LLC, which will construct a 210-mile crude oil pipeline that had been previously announced. The building of the pipeline, by SemGroup, will begin this summer and commissioning is expected by late 2013. The pipeline is projected to have an initial daily capacity of around 140,000 barrels, and 440,000 barrels of intermediate storage. Following the construction, SemGroup’s master limited partnership Rose Rock Midstream (RRMS), will operate the pipeline.
Nokia Corporation (NYSE:NOK) will partner with Six Flags (NYSE:SIX) in an integrated marketing and mobile development arrangement to support the new Lumia 900 and launch a custom application for Six Flags guests in all its U.S. locations. The deal will supply Nokia with marketing opportunities throughout the Six Flags parks via its Media Network. Also, Nokia and Six Flags will cooperate on national sweepstakes and retail promotions.
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