On Tuesday, Shares of Hilton Worldwide Holdings Inc. (NYSE:HLT), lost -1.37% to $28.03.
Hilton Worldwide Holdings, declared the signing of a administration agreement with Pinnacle Nexus Sdn. Bhd. (a member of Cornerstone Partners) to open DoubleTree Resort by Hilton Penang. Located in the northern beach area of Penang near the UNESCO World Heritage Site of George Town, DoubleTree Resort by Hilton Penang will add to the existing pipeline of five hotels in Malaysia where Hilton Worldwide presently operates six hotels under the Hilton and DoubleTree by Hilton brands.
“We are very happy to be working with a well-respected partner such as Pinnacle Nexus to introduce the DoubleTree by Hilton brand to Penang. The signing of this agreement underscores our commitment to developing Hilton Worldwide’s portfolio of brands in Malaysia. DoubleTree Resort by Hilton Penang will be a tremendous addition to the brand’s rapidly-expanding global portfolio across six continents and at the same time, bolster the country’s tourism profile to attract more travelers to Malaysia,” said Andrew Clough, senior vice president of development, Middle East & Asia Pacific, Hilton Worldwide.
Penang is one of the top three economic centers amongst the states of Malaysia, as the country’s manufacturing hub for major international high-tech electronics companies. Well known for being a tourist destination, Penang has tremendous potential as it continues to develop its MICE infrastructure in addition to medical tourism offerings.
Hilton Worldwide Holdings Inc., a hospitality company, owns, leases, manages, develops, and franchises hotels, resorts, and timeshare properties worldwide. The company operates hotels under 12 brand names, counting Hilton Hotels & Resorts, Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Curio - A Collection by Hilton, DoubleTree by Hilton, Embassy Suites Hotels, Hilton Garden Inn, Hampton Hotels, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations.
Shares of Cigna Corp. (NYSE:CI), inclined 0.35% to $153.97, during its last trading session.
On Monday, Cigna shares rallied following a takeover approach by Anthem Inc (ANTM) as the health-insurance industry continues to consolidate, according to The Wall Street Journal.
In the past couple of weeks, Anthem has made two takeover bids for Cigna which have both been shot down counting one for about $175 a share, The Journal added.
Cigna Corporation, a health services organization, provides insurance and related products and services in the United States and internationally. The company’s Commercial segment offers insured and self-insured customers medical, dental, behavioral health, and vision, in addition to prescription drug benefit plans, health advocacy programs, and other products and services.
Finally, Cognizant Technology Solutions Corporation (NASDAQ:CTSH), ended its last trade with -0.41% loss, and closed at $62.72.
Cognizant Technology Solutions Corporation, declared that it has partnered NTUC FairPrice (FairPrice), a major supermarket retailer in Singapore, to digitally transform its business and provide customers with a seamless multi-channel shopping experience.
By bringing together its consulting, industry and technology expertise, Cognizant reengineered FairPrice’s business processes, and implemented a digital e-commerce platform for the multi-format retailer to provide integrated, consistent and personalized customer service across multiple touch points, enhancing customer satisfaction, loyalty and brand perception.
The digital transformation programme has also enabled FairPrice to improve real-time product and inventory visibility, make retail administration more efficient, and gain a better understanding of customer preferences and purchase history. As a result of cross-channel integration, FairPrice has been able to roll out innovative services for shoppers, counting its “Click&Collect” online delivery service—the option to buy online and pick up the purchase from a store, a first in Singapore.
Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process services worldwide. The company operates through four segments: Financial Services, Healthcare, Manufacturing/Retail/Logistics, and Other.
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