Windstream Completes Spinout of Network Assets Division into REIT

Windstream completed its previously-announced, tax-free spinoff of select telecommunications network assets into a new company, Communications Sales and Leasing (Nasdaq:CSAL), an independent publicly traded real estate investment trust (REIT). In addition, Windstream also announced the near completion of a one-for-six reverse stock split of Windstream's shares. "Today's successful spinoff will significantly advance our commitment to deliver value...

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Marvell Trims Guidance

Marvell Technology announced preliminary financial results for the first quarter of its fiscal 2016, saying it now expects revenue to be below the company's previous outlook. Marvell now expects first quarter of fiscal 2016 revenue to be in the range of $710 million to $740 million, compared to the previous expectation of $810 million to $830 million. The cited weaker than previously expected PC and storage markets and lower than expected emerging...

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