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Thursday 18 June 2015
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Current-Trade News Buzz on: Simon Property Group (NYSE:SPG), InterXion Holding NV (NYSE:INXN), HomeAway, (NASDAQ:AWAY), STMicroelectronics NV (NYSE:STM)

During Wednesday’s current trade, Simon Property Group Inc (NYSE:SPG)’s shares decline -0.21% to $176.88.

Simon Property Group Inc. (SPG) announced Style Festival, a six-city nationwide tour that will transform mall shopping into a summer festival experience with fashion “stages,” beauty bars, and live musical performances.

This is the second year of partnership between the two brands, which launched their partnership in Fall 2014 with The Shopping Block. Style Festival will highlight the joy of fashion, discovery, and community, bringing Refinery29 - the leading lifestyle digital media company for millennial women - to life in the world of retail, and giving mall shoppers new ways to shop major brands alongside local, emerging designers.

Style Festival takes inspiration from the music festival culture that has become a millennial rite of passage. The interactive Style Festival will feature a headlining performer at each stop, and custom activities that capitalize on shoppers’ desire to create their own individual style and discover local talent.

Simon Property Group, Inc. is an equity real estate investment trust. The firm invests in the real estate markets across the globe. It engages in investment, ownership, administration, and development of properties. It primarily invests in regional malls, premium outlets, mills, and community/lifestyle centers to create its portfolio. Simon Property Group, Inc. was founded in 1960 and is based in Indianapolis, Indiana, with additional office in New York, New York.

InterXion Holding NV (NYSE:INXN)‘s shares drop -0.73% to $28.48, during the current trading session Wednesday’s, hitting its highest level.

Interxion Holding N.V. (INXN), a leading European provider of carrier and cloud-neutral colocation data centre services, declared recently that as a result of the formerly declared 18.6 million share distribution by funds associated with Baker Capital (“Baker”), Mr. John Baker (on June 5th) and Mr. Rob Manning (on June 7th) as representatives of Baker on the Board of Directors (the “Board”), have tendered their resignations as members of the Board, effective right away.

Mr. Jean F.H.P. Mandeville has been designated as the new Chairman of the Board replacing Mr. Baker, effective June 8, 2015. Mr. Mandeville has been a member of the Board since January 2011.

InterXion Holding N.V. provides carrier and cloud neutral colocation data center services in Europe. The company enables its customers to connect to a range of telecommunications carriers, Internet service providers, and other customers. Its data centers act as content, cloud, and connectivity hubs that facilitate the processing, storage, sharing, and distribution of data, content, applications, and media between carriers and customers.

In an afternoon trade, HomeAway, Inc. (NASDAQ:AWAY)‘s shares surge 1.71% to $31.59.

HomeAway, Inc. (AWAY), the world leader in vacation rentals, recently declared a partnership with Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) to promote Dubai’s vacation homes to the world and Dubai as a destination to HomeAway(R) travelers.

The relationship enhances HomeAway’s position in the Middle East and opens Dubai up to the millions of families and groups of travelers from around the globe who book their vacation rental accommodations via HomeAway. HomeAway and Dubai Tourism will work together to strengthen the vacation homes sector in Dubai by raising awareness of and providing support to the many licensed vacation homes operators in the Emirate. Additionally, the two organizations are planning joint traveler-focused campaigns, leveraging Dubai’s world-class marketing team and HomeAway’s global strength in the vacation homes sector.

HomeAway, Inc., together with its auxiliaries, operates an online vacation rental property marketplace that enables property owners and managers to market properties for rental to vacation travelers. The company’s portfolio comprises vacation rental Websites, such as HomeAway.com, VRBO.com, and VacationRentals.com in the United States; HomeAway.co.uk and OwnersDirect.co.uk in the United Kingdom; HomeAway.de in Germany; Abritel.fr and Homelidays.com in France; HomeAway.es and Toprural.com in Spain; AlugueTemporada.com.br in Brazil; HomeAway.com.au and Stayz.com.au in Australia; and Bookabach.co.nz in New Zealand.

STMicroelectronics NV (ADR) (NYSE:STM), during its Wednesday’s current trading session -3.37% loss and closed at $8.04.

STMicroelectronics (STM), a global semiconductor leader serving customers across the spectrum of electronics applications, has been awarded the Excellent Supplier Award for its outstanding contribution in 2014 by Desay SV, China’s automotive-electronics industry leader for in-vehicle infotainment systems, air-conditioning controllers, and instrument clusters. ST provides power amplifiers, tuners, positioning, processors, VIPower, EEPROMs, MCUs, and analog devices for Desay SV car-infotainment and HVAC products.

With more than 30 years of leadership and solidly placed as a world top-three and China’s number one automotive semiconductor supplier, STMicroelectronics is at the forefront of automotive electronics with innovative solutions that make cars smarter, safer, and greener. STMicroelectronics has a wide product offering that is optimized for the highest-growing automotive segments: Safety and Security, Telematics and Infotainment, Body Electronics, and Power Train/Fuel Economy.

STMicroelectronics N.V. designs, develops, manufactures, and markets various semiconductor integrated circuits and discrete devices worldwide. The company offers a range of semiconductor products, counting discrete and standard commodity components, application-specific integrated circuits, full-custom devices and semi-custom devices, micro-electro-mechanical systems, microcontrollers, sensors, digital consumer products, imaging products, memory products, media application processors, and application-specific standard products for analog, digital, and mixed-signal applications, in addition to silicon chips and smartcards.

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