UPS last week reported third-quarter net income of $549 million, down 43.4% from a $970 million profit in the year-ago period, and stated that economic recovery is still at a very early stage. "I'm encouraged by the signs of economic recovery that are becoming apparent, although we still have a long way to go," Chairman and CEO Scott Davis said. CFO Kurt Kuehn added that UPS's prospects in the upcoming holiday season, normally the package delivery giant's strongest period, are uncertain, ...

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