On Monday, Shares of Boston Scientific Corporation(NYSE:BSX), added 1.24% and closed at $23.77 in the last trading session. The last trading range of the stock ranges between $23.55 and $23.88. The company’s Market capitalization is $32.34 Billion with the total Outstanding Shares of 1.36 billion. Boston Scientific Corporation (BSX) declared recently that Professor Ian Meredith AM will join the company as executive vice president and global chief medical officer in January 2017. In his new position, Professor Meredith will lead clinical and medical affairs across Boston Scientific and will provide global leadership of the company’s clinical trial strategy.
Professor Meredith will succeed Executive Vice President and Global Chief Medical Officer Keith Dawkins, M.D., who has declared his intention to retire from the company in January 2017.
“Ian is one of the world’s leading cardiac device clinical investigators and he has been an advisor to Boston Scientific for many years,” said Mike Mahoney, chairman and chief executive officer, Boston Scientific. “His strong relationships within the global research and clinical community and his track record applying novel technologies to advance science and care for patients make him ideally suited to drive innovation and succeed Keith in this role. We are delighted that he will be joining our team.”
“We thank Keith for his many contributions to Boston Scientific during the last nine years. His deep clinical, medical and planned expertise and advocacy for the patient will have lasting influence within our company,” said Mahoney.
Boeing Co (NYSE:BA), jumped 1.49% and closed at $135.84 in the last trading session. The last trading range of the stock ranges between $134.59 and $136.87. The company’s Market capitalization is $84.38 Billion with the total Outstanding Shares of 623.83 million. During the 52-week trading session the minimum price at which share price traded, registered at $102.10 and reached to max level of $150.59. Boeing [NYSE: BA] and Qatar Airways announced an order for 30 787-9 Dreamliners and 10 777-300ERs, valued at $11.7 billion at list prices, validating the value, reliability and performance of Boeing’s twin-aisle airplanes.
The airline also signed a Letter of Intent for up to 60 737 MAX 8s, valued at $6.9 billion at list prices.
Today’s announcement builds on Qatar Airways’ current fleet of 84 Boeing aircraft, a combination of 787s and 777s, all delivered over the last nine years. With this new order, Qatar Airways increases its firm order backlog of Boeing widebody airplanes from 65 to 105, including 60 777Xs.
The announcement was attended by the State of Qatar’s Minister of Finance, His Excellency Ali Shareef Al Emadi, U.S. Deputy Secretary of State Tony Blinken and the Ambassador of Qatar, His Excellency Mohammed Jaham Al-Kuwari.
“Qatar Airways, already one of the fastest growing airlines in the history of aviation, today announces a significant and historic aircraft order that will power our future growth for the years and the decades ahead,” said Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker. “Boeing has proven to be a valuable partner, and today’s announcement is testament to our appreciation of the quality of their product and their dedication to providing world class customer service.”
Qatar Airways’ relationship with Boeing was renewed in 2006. Since then, there have been many milestones in the partnership. The airline was the first to operate the 787 in the Middle East and is a launch customer for the 777X. With the commitment for the 737 MAX 8, it would be the first Boeing single-aisle airplane model to join Qatar Airways’ fleet in more than 15 years.
On the otherhand BorgWarner Inc. (NYSE:BWA), jumped 1.15% and closed at $36.10 in the last trading session. The last trading range of the stock ranges between $35.86 and $6.32. The company’s Market capitalization is $7.77 Billion with the total Outstanding Shares of 214.27 million. During the 52-week trading session the minimum price at which share price traded, registered at $27.52 and reached to max level of $48.64. BorgWarner Inc. develops, manufactures, and sells engineered automotive systems and components mainly for powertrain applications worldwide. The companys Engine segment offers turbochargers; turbo actuators; and timing systems, such as timing chains, variable cam timing products, crankshaft and camshaft sprockets, tensioners, guides and snubbers, HY-VO front-wheel drive transmission chains, and four-wheel drive chains. This segment also provides emissions and systems products comprising electric air pumps and exhaust gas recirculation (EGR) modules, EGR coolers, EGR tubes, and EGR valves; thermal systems products consisting of viscous fan drives, polymer fans, and coolant pumps; and ignition systems, such as glow plugs and instant starting systems, pressure sensor glow plugs, and ignition technology. The Drivetrain segment develops and manufactures friction and mechanical products, counting dual clutch modules, friction clutch modules, friction and steel plates, transmission bands, torque converter clutches, one-way clutches, and torsional vibration dampers. This segment also offers control products comprising electro-hydraulic solenoids, transmission solenoid modules, and dual clutch control modules. In addition, this segment provides torque administration products, counting rear-wheel drive/all-wheel drive (AWD) transfer case systems, front wheel drive-AWD coupling systems, and cross-axle coupling systems. The company sells its products to original equipment manufacturers of light vehicles consisting of passenger cars, sport-utility vehicles, vans, and light trucks; commercial vehicles, such as medium-duty and heavy duty trucks, and buses; and off-highway vehicles, counting agricultural and construction machinery, and marine applications, in addition to to tier one vehicle systems suppliers and the aftermarket for light, commercial, and off-highway vehicles.