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Tuesday 8 September 2015
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Stocks Recap: Simon Property Group Inc (NYSE:SPG), Broadridge Financial Solutions, Inc. (NYSE:BR), Tripadvisor Inc (NASDAQ:TRIP), Associated Banc Corp (NYSE:ASB)

On Wednesday, Simon Property Group Inc (NYSE:SPG)’s shares inclined 1.21% to $177.13.

As the major redevelopment of Roosevelt Field enters its final stages, Simon, a global leader in retail real estate, declared recently the names of a group of unique, high-quality brands that will be part of a brand-new, two-level retail wing. Most of the stores, with some welcoming customers as soon as this week, will make their Long Island debut in this exclusive wing that will lead to the area’s first Neiman Marcus store opening in February 2016.

A majority of the additions will open this fall, with the remaining stores slated for early 2016.

The new retailers declared, opening in 2015, comprise:

  • Jo Malone London, opening September– Inspired by modern British culture, Jo Malone began in 1994 and curates collections for men, women and home between world-renowned master perfumers and London’s leading creative talent. Its products comprise bath and body creams, lotions and oils, candles, sprays and hand wash. The 891 square-foot location marks its first standalone Long Island boutique.
  • The FRYE Company, opening September– Starting as a small shop in Massachusetts, The FRYE Company crafts the best-looking, hardest-working, longest-lasting shoes and leather goods. Together with its lines of men and women shoes, boots and sandals, The FRYE Company sells handbags, wallets, backpacks and accessories. At 3,000 square-feet, this is its first Long Island location.

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.

Broadridge Financial Solutions, Inc. (NYSE:BR)’s shares gained 1.45% to $51.75.

Broadridge Financial Solutions, Inc. (BR) and PwC’s Center for Board Governance recently released their final ProxyPulse™ report for the 2015 season. The report covers 4,280 U.S. shareholder meetings held between January 1, 2015 and June 30, 2015, and provides aggregated data and analysis, counting share ownership trends and voting results.

Of the over 80 proxy access proposals that came to a vote, 70% received the majority support of shareholders, averaging 57% of the shares voted. Retail investors voted their shares against proxy access in noteworthy numbers, while institutions voted 61% of their shares in favor of such proposals.

Shareholder support for say-on-pay strengthened this season, with 90% of proposals attaining support of at least 70% of the shares voted, up from 87% last season.

Broadridge Financial Solutions, Inc. provides investor communications and technology-driven solutions for the financial services industry in the United States, Canada, the United Kingdom, and internationally. The company’s Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, in addition to facilitates related vote processing services; and provides ProxyEdge, an electronic proxy delivery and voting solution for institutional investors and financial advisors.

At the end of Wednesday’s trade, Tripadvisor Inc (NASDAQ:TRIP)‘s shares surged 2.26% to $69.73.

TripAdvisor(R), the world’s largest travel site*, recently declared the top 10 castle hotels in the world, based on the quality and quantity of reviews and opinions from millions of TripAdvisor travelers. With the majority of properties established in medieval times, travelers can experience history with a modern twist at any of these castle hotels that have earned high praise from the TripAdvisor community.

“For travelers seeking the royal treatment, TripAdvisor has identified the top castle hotels where guests can surround themselves in old world elegance,” said Brooke Ferencsik, director of communications for TripAdvisor. “With nightly rates on TripAdvisor starting under $200 during the coming months, travelers can book an autumnal escape without breaking the bank.”

TripAdvisor, Inc. operates as an online travel company. The company operates through two segments, Hotel and Other. Its travel research platform aggregates reviews and opinions about accommodations, destinations, activities and attractions, and restaurants that enable consumers to plan and book hotels, vacation rentals, flights, activities and attractions, and restaurants.

Associated Banc Corp (NYSE:ASB), ended its Wednesday’s trading session with 0.97% gain, and closed at $17.75.

Associated Bank (ASB) declared that it is teaming up with Randall Cobb, Jordy Nelson and Davante Adams. The three Packers star receivers will take part on behalf of Associated in fan and customer engagement activities, a wide range of marketing projects in addition to community initiatives.

Associated, the largest bank headquartered in Wisconsin, has been the bank of the Packers since 1919. In 2014, Associated significantly expanded its long-standing Packers sponsorship to comprise numerous activities for fans, customers and communities throughout Wisconsin.

Piotrowski explained that high-profile activities spotlighting the players and other fan engagement opportunities will coincide with the startning of the regular season. Program details will soon be declared as part of the company’s Touchdown Central™ campaign.

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products and services to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company’s Corporate and Commercial Specialty segment offers deposit and cash administration solutions, counting commercial checking and interest-bearing deposits, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; lending solutions, such as commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications; and specialized financial services comprising swaps, capital markets, foreign exchange, and international banking solutions. Associated Banc-Corp ‘s Community, Consumer, and Business segment provides checking, credit, debit and pre-paid cards, online banking and bill pay, and money transfer services; residential mortgages, home equity loans, lines of credit, personal and installment loans, real estate financing, business loans, and business lines of credit; savings, money market deposit accounts, IRA accounts, certificates of deposit, and fixed and variable annuities; full-service, discount, and on-line investment brokerage services; trust and investment administration accounts; and insurance products and services.

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