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Tuesday, October 23, 2007

UPS posts profit

Atlanta-based United Parcel Service reports a 3.7% increase in third-quarter profits. UPS says that for the three months ending September 30th, it earned 1.08 billion dollars -- or $1.02 a share. However, UPS says fourth-quarter growth will be its slowest in four years due largely to weak U.S. retail sales.

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