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The Latest UPS Headlines
UPS Tumbles After $1 Billion Savings Goal Disappoints Investors
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<blockquote data-quote="cheryl" data-source="post: 3728912" data-attributes="member: 1"><p><strong>UPS Tumbles After $1 Billion Savings Goal Disappoints Investors - Bloomberg</strong></p><ul> <li data-xf-list-type="ul">Capital improvement seen boosting profit up to $1.20 a share</li> <li data-xf-list-type="ul">Courier to focus on small businesses, health-care customers</li> </ul><p>United Parcel Service Inc. dropped after saying it expects to reap $1 billion of annual cost savings from stepped-up investment to make its network more efficient while handling a rush of packages from booming e-commerce.</p><p></p><p>The company said it would incur one-time charges of between $550 million and $750 million for the plan, which includes ordering new aircraft, building automated sorting centers and offering employees early retirement. UPS also plans to focus on more profitable small-business and health-care customers.</p></blockquote><p></p>
[QUOTE="cheryl, post: 3728912, member: 1"] [B]UPS Tumbles After $1 Billion Savings Goal Disappoints Investors - Bloomberg[/B] [LIST] [*]Capital improvement seen boosting profit up to $1.20 a share [*]Courier to focus on small businesses, health-care customers [/LIST] United Parcel Service Inc. dropped after saying it expects to reap $1 billion of annual cost savings from stepped-up investment to make its network more efficient while handling a rush of packages from booming e-commerce. The company said it would incur one-time charges of between $550 million and $750 million for the plan, which includes ordering new aircraft, building automated sorting centers and offering employees early retirement. UPS also plans to focus on more profitable small-business and health-care customers. [/QUOTE]
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UPS Tumbles After $1 Billion Savings Goal Disappoints Investors
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