Enbridge Energy Partners L.P (NYSE:EEP) up by 4.64%, Symantec Corporation (NASDAQ:SYMC)

Posted by Nathan Alexander May 9, 2013 0 Comment 1363 views


Enbridge Energy Partners, L.P (NYSE:EEP): There was a rise of 4.64% in Enbridge Energy Partners, L.P (NYSE:EEP) in Wednesday’s trading session. The shares opened at a price of $29.04, touched an intraday high of $ 30.22 before settling down to $29.00 per share. More than 2.63 million shares were traded on Wednesday which was considerably higher than the average volume of 0.806 million that was calculated over a 30-day period.

Enbridge Energy Partners, L.P (NYSE:EEP) and Enbridge Inc also called the “Partnership” have announced that they have entered an agreement. Via this agreement, Enbridge will be investing $1.2 billion in EEP-issued preferred units. This agreement is expected to be finalized today. In addition to this, EEP is also expecting to exercise options of paring-down the economic interests it holds in the Lakehead system-expansions. It will be reducing both the Mainline Expansion and Eastern Access projects from 40% to 25%. The deadline for this is 30 June 2013.  The Partnership will be retaining its option to raise its participation in either of these projects up to the 40% that they stood at, for a period that will last for one year post the in-service date for each of them.

Symantec Corporation (NASDAQ:SYMC): Wednesday’s trading session saw a drop of 2.43% in Symantec Corporation (NASDAQ:SYMC) shares. They opened at a price of $23.86, reached an intraday high of $24.55 before dropping to $23.54. More than 29.47 million shares were traded in the Wednesday session which was far higher than the average volume of 6.51 million that was measured over a 30-day period.

Symantec Corporation (NASDAQ:SYMC) has made an innovative discovery.  This new technology upgrades the security-levels that are provided by the SSL certificates. It will now provide its customers an SSL certificate which will be created with the use of multiple algorithms. These will include digital Signature Algorithm (DCA) and Elliptic Curve Cryptography (ECC).  This is very different from the traditional technologies that exists today and is also 10,000 times more secure. Most websites whether large or small give precedence to customer data information security, and are always in efforts to protect transaction information that have taken place via their systems.

SSL certificates are what ensure website security. The National Institute of Standards and Technology (NIST) now wants that websites migrate to 2048-bit from the existing RSA 1024-bit, by 1 Jan 2014.


About Nathan Alexander

Nathan Alexander holds bachelor’s degrees in Journalism and European Studies from Boston University. Nathan reports round up the day’s business and financial market news and include keynote interviews with major business players and updates on Asian, European and US stock markets. He has interviewed heads of leading European banking institutions such as European Central Bank President Jean-Claude Trichet and HSBC Chairman Stephen Green, and CEOs from the business world including Microsoft founder Bill Gates, Virgin Chairman Sir Richard Branson and former Porsche President and CEO Dr Wendelin Wiedeking.

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