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EHC

Encompass Health Corp. (NYSE:EHC) has announced plans to construct a 60-bed inpatient rehabilitation hospital in Avondale, Arizona, as part of its national network. This facility will cater to patients with severe illnesses and injuries, offering a range of therapies and specialized care. It marks Encompass Health's seventh hospital in Arizona, emphasizing its commitment to providing accessible, high-quality rehabilitation services in Maricopa County.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:56 pm

GE

GE announced the filing of a Form 10 registration statement for the spin-off of GE Vernova, a company focused on electrification and decarbonization, expected to become a standalone public company in early April. GE Vernova is positioned for growth in the energy transition market, with a $1.4 trillion opportunity. The spin-off, intended to be tax-free for U.S. federal income tax purposes, will see GE Vernova listed on the NYSE under the ticker 'GEV'. The move is part of GE's strategy to form well-capitalized, investment-grade companies, including GE Vernova and GE Aerospace.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:51 pm

NSC

Norfolk Southern Corporation (NYSE: NSC), BLET, SMART-TD, and the FRA have signed an agreement to participate in the FRA's Confidential Close Call Reporting System (C3RS). This landmark safety agreement aims to enhance rail safety by allowing Norfolk Southern employees to confidentially report safety concerns. The pilot program will involve employees at Norfolk Southern's Atlanta, Elkhart, Indiana, and Roanoke, Virginia locations. A joint committee of Norfolk Southern and labor representatives will review these reports to identify and implement safety improvements.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:50 pm

TTEC

TTEC Holdings, Inc. has announced the appointment of Kenny Wagers as its new Chief Financial Officer (CFO). This strategic move is aimed at strengthening the company's financial leadership as it continues to grow and expand its operations.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:48 pm

TNET

TriNet, a provider of HR solutions, announced the retirement of its CEO Burton M. Goldfield and the appointment of Mike Simonds as the new President and CEO. Goldfield's leadership has been pivotal in TriNet's growth, and Simonds, with his experience, is expected to continue this trajectory.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:47 pm

STAF

Staffing 360 Solutions has announced a strategic shift to focus solely on the US staffing industry, divesting its UK staffing business. This move is aimed at concentrating resources and efforts on the US market to leverage growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:20 pm

TNET

TriNet has announced Mike Simonds as its new President and CEO, effective February 16, 2024, replacing the retiring Burton Goldfield. Goldfield will remain as a special advisor until March 31, 2025. Simonds will also join the TriNet Board of Directors.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:17 pm

VIAV

VIAVI Solutions Inc. (VIAV) announced its VIAVI Xgig CXL Exerciser has been approved as a CXL 1.1 Gold device by the CXL Consortium, enabling it to qualify CXL devices for the CXL Integrators List. This certification is crucial for the development and testing of high-speed computing applications like AI and ML. The approval highlights VIAVI's role in the CXL validation ecosystem, with Micron acknowledging VIAVI's contribution to CXL protocol compliance. VIAVI will showcase its CXL solutions at the CXL Developers' Conference in 2024.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:17 pm

F

Ford Motor Co. CEO Jim Farley admitted that the company would be 'much stronger' today if he had addressed its longstanding quality issues and operational inefficiencies sooner after becoming CEO in 2020.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 9:00 pm

AAPL

MSFT

Apple is developing an artificial intelligence tool aimed at competing with Microsoft's GitHub Copilot, according to Bloomberg. This move signifies Apple's entry into the growing market of AI-driven coding assistance tools, directly challenging Microsoft's established product.

Portfolio Pulse from Benzinga Newsdesk

February 15, 2024 | 8:56 pm