Navigate this market better. Subscribe for FREE stock alerts and information.

Monday, February 18, 2013

TNT Express reports Q4 loss, seeks divestments, (NYSE: UPS)

Dutch mail delivery group TNT Express, whose $7 billion takeover by United Parcel Service was blocked last month by European anti-trust regulators, reported a fourth-quarter loss on Monday.The collapse of the UPS takeover after a year of merger negotiations means TNT Express is once again forced to confront a weak European market and come up with a new standalone strategy."There are many positive actions we can take to improve profitability and we look forward to providing a full update on 25 March," Bernard Bot, interim chief executive, said in a statement.He also said the company was looking to make disposals abroad.

United Parcel Service, Inc. (UPS) is a package delivery company that operates in the United States less-than-truckload industry, and the provider of global supply chain management solutions. Shares of UPS traded higher by 0.96% or $0.79/share to $83.48. In the past year, the shares have traded as low as $69.56 and as high as $84.11. On average, 3787200 shares of UPS exchange hands on a given day and today's volume is recorded at 4983275.