NEW YORK (Reuters) - United Parcel Service Inc <UPS.N>, the world's largest package delivery service, announced plans on Monday to furlough at least 300 pilots as the very gradual pace of the U.S. economic recovery necessitates further cost-cutting. The recession weakened UPS's air package volume at the same time as the company retired older aircraft ...

UPS is seeing more people using cell phones to buy and ship goods over the Internet, a greater number of customers paying for premium services like next-day air and businesses beefing up operations overseas. The result: a fourth-quarter profit of $757 million, nearly triple the amount from ...

NEW YORK (Reuters) - The adage "as January goes, so goes the year" bodes ill for equity investors after the S&P 500 closed out its worst month in almost a year. This week, they will have to contend with fears of sovereign defaults and potential unpleasantness in the U.S. labor market as well. U.S. corporations have so ...