Wednesday, April 7, 2010 as of 11:14 AM ET
Scott Davis (born 27 August 1962, in Santa Monica, California) is a former top-ranking professional tennis player.
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(UPS) outlined plans to use a higher percentage of cash to finance its purchase of TNT Express N.V. (TNTE.AE, TNTEY) and received authorization to buy back an additional $5 billion in stock.In March, the shipping giant reached an agreement to acquire TNT in a deal valuing the Dutch package shipper at around EUR5.16 billion. TNT Express is the smallest of the big four global package shippers, and while it has struggled somewhat in recent months, the merger would give UPS a market-leading position in Europe to round out its big domestic U.S. presence and expanding Asian business.UPS expects to use about $5 billion of available cash and issue about $1.8 billion in new debt to finance the acquisition, a $2 billion increase in cash from its prior guidance. The company said it would determine maturity details and a timetable for the new issuance at a later date.The acquisition, which must be reviewed by European Union regulatory authorities, is expected to close in...United Parcel Service Inc. (UPS) executives Tuesday forecast slower global economic growth in 2012 compared with 2011 but offered a relatively upbeat U.S. outlook, s...
Shipping giant UPS (NYSE:UPS) revealed a 29% slump in fourth-quarter profits on Tuesday due to pension accounting changes, but the economic bellwether’s adjusted ear...
By Scott Malone and John D. StollDiversified manufacturer 3M Co <MMM.N> sounded a warning on Tuesday, telling Wall Street that Europe's brewing debt crisis and weake...
By Lynn AdlerUnited Parcel Service reported a higher quarterly profit as increased pricing, cost cutting and technology improvements helped compensate for domestic s...
United Parcel Service (NYSE:UPS) reported on Tuesday a stronger-than-expected increase in third-quarter profit on higher freight and domestic revenues, and the compa...
By Lynn AdlerLOUISVILLE, Kentucky (Reuters) - United Parcel Service <UPS.N> Chief Executive Scott Davis said the world's largest package delivery company is on track...
United Parcel Service is launching a new service in time for the peak holiday shipping season that gives residential consumers -- a growing portion of its business -...
LifeLock CEO Todd Davis explains how the company is working with law enforcement to protect consumers against identity theft.
--U.S. GDP estimate doesn't include "worst-case scenario"--International profit expected to be strong in second half--Pricing trends expected to hold(Updates with CF...
By Nick Zieminski and Scott MaloneNEW YORK/BOSTON (Reuters) - Disappointed investors dumped shares of several large U.S. industrial and transport companies after the...
United Parcel Service Inc. (UPS) executives said Tuesday they expect flat U.S. domestic package volume in the third quarter amid what they described as an "extremely...
Shipping giant UPS (NYSE:UPS) revealed a 26% jump in second-quarter profits and modest revenue growth on Tuesday, but the world’s largest package delivery company’s ...
United Parcel Services Inc.'s (UPS) first-quarter earnings rose 6% but came in short of Wall Street forecasts, as the package giant continued to wrestle with soft As...
Shipping giant UPS (NYSE:UPS) weighed in on Thursday with a 6% rise in first-quarter profits thanks to a rise in U.S. demand, but the economic bellwether's earnings ...
United Parcel Service Inc. (UPS) Monday said it expects its planned EUR5.16 billion ($6.8 billion) acquisition of smaller Dutch package-shipping rival TNT Express NV...
Capping off weeks of haggling, UPS (NYSE:UPS) and European rival TNT Express cemented an all-cash $6.8 billion takeover deal on Monday.The buyout will create the wor...
-UPS makes agreed EUR9.50 a share offer-Offer equivalent to 54% premium to share price before merger talks announced-TNT's largest shareholder has agreed to tender i...
United Parcel Service and TNT Express to Create a Global Leader in the Logistics IndustryUnited Parcel Service and TNT Express Reach Agreement on Recommended All-Cas...
United Parcel Service Inc.'s (UPS) fourth-quarter earnings dropped 29% on a hefty charge stemming from a change in its pension accounting, but the shipping giant sai...
