News Summary (EEP, NSM, TXN, SNTS)
Enbridge Energy Partners (NYSE: EEP) announced the shut down of Line 6A at Lakehead pipeline system in Romeoville, Ill because of an oil leak. Line 6A is used to transport crude oil from Superior, Wisconsin, to Griffith, Indiana. It is a 34-inch, 670,000 barrel-a day transporting line. EEP shares fell 1.39% to $54.00 at 9:41 am.
US stocks of the chip sector were squeezed after National Semiconductor Corporation (NYSE: NSM) fell around 5% post its forecast of a lower than expected revenue for the ongoing quarter. The Philadelphia Semiconductor Index (SOX) dropped 0.8% in early trading hours, while the Nasdaq Composite Index (COMP) largely remained unchanged. Texas Instruments Incorporated (NYSE: TXN) shares fell close to 1% after NSM narrowed its quarterly prediction.
Shares of Santarus Inc (NASDAQ: SNTS) fell after they gained, yesterday, post the announcement to start shipping of Cycloset, its diabetes drug, in the month of November. SNTS’ shares fell 2.99% to $2.60 at 10:10 am.
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