Windstream to Form REIT

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Windstream said it intends to spin off some of its telecommunications network assets into an independent, publicly traded real estate investment trust.

UPS Credits E-Commerce for Growth

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UPS said its revenue rose as the company attributed an increase in demand to e-commerce and growth in package shipments.

Money, Politics Stir Argentine Intrigue

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Money-laundering allegations against Argentine construction baron Lázaro Báez are focusing attention on the wealth of President Cristina Kirchner and her late husband Néstor.

Corning Profit Declines on Charges

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Corning said its second-quarter earnings fell as charges weighed on the maker of TV-screen glass's bottom line, masking a jump in sales.

McGraw Hill Financial Results Top Views

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McGraw Hill Financial said its second-quarter profit and revenue jumped as demand grew for its ratings services.

Nielsen Revenue Jumps 15%, Beats Expectations

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Nielsen N.V. said its second-quarter revenue shot 15% higher, driven by both its watch and buy segments.

Pfizer Results Beat Estimates

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Pfizer said its revenue edged lower as the pharmaceutical giant continued to see pressure from losing exclusivity on some products, though its results for the period topped expectations.

Marsh & McLennan Tops Views

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Marsh & McLennan said its second-quarter profit rose 11% as the professional-services company experienced revenue growth in its insurance and consulting operations.

International Paper Profit Falls

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International Paper said its second-quarter profit fell as the paper company recorded restructuring charges and a drop in revenue.

Reynolds American Profit Improves

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Reynolds American Inc. said its second-quarter profit climbed 6.7% as higher cigarette and moist-snuff pricing helped offset lower cigarette volumes.

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