Tag: UPS
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UPS shares slip in sympathy with FedEx’s weak earnings report
(CoinUnited.io) — Shares of United Parcel Service (UPS) experienced a decline today, in sympathy with the weak quarterly earnings report from rival company FedEx. As of Wednesday, UPS stock had dropped by 1.5%, after a previous fall of as much as 3.2% earlier in the session. FedEx, on the other hand, saw a significant drop […]
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Japan’s Business Sentiment Improves, Economic Recovery Remains Moderate
Improvement in Business Sentiment, but Overall Economic Assessment Unchanged TOKYO – Japan’s government upgraded its view on business sentiment, signaling a positive shift in corporate mood as profits rise. According to a survey by the central bank, there is a broad recovery in the business outlook. However, the Cabinet Office reported that the overall economic […]
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UPS Stock: Analysts Raise Price Targets, Mixed Views on Profitability Outlook
Two Views on UPS UPS has been garnering attention on Wall Street recently, as both investment banks had separate “investor meetings” with the company that prompted the revisions in their price targets. BofA reported that UPS is enjoying a solid start to the peak shipping season this year. However, it seems to be trending toward […]
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Italy Seizes $94.5 Million from UPS Italy in Tax Fraud Investigation
Allegations of Tax Fraud and Fictitious Labour Contracts Italy’s finance police have taken action against UPS Italy, seizing approximately €86.5 million ($94.5 million) as part of an investigation into alleged tax fraud and illegal labour practices. Milan prosecutors and the Guardia di Finanza tax police have accused the company of engaging in a complex tax […]