UPS 2012 profit declines; disappointed by blocked TNT buy

United Parcel Service Boeing 747-400. Courtesy, UPS United Parcel Service (UPS) posted net income of $807 million in 2012, down 78.8% from a net profit of $3.8 billion in 2011, though it attributed the earnings decline to a hefty non-cash charge. UPS said earnings were skewed by a mark-to-market...

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