UPS announcement
Below are the last two paragraphs from the Reuters press release. I interpret the bold face as fact that the company will (or already has) accepted our give-backs and factored this savings into the earnings upgrade today.
Rott
UPS said it expects a one-time charge in 2010 as a result of the restructuring, but this will be offset by savings in the small package business.
The company is due to report quarterly earnings on February 2. UPS shares were up 5.7 percent at $60.71 in morning trading. FedEx shares were up 1.8 percent at $84.43.
(Reporting by Helen Chernikoff; Editing by Derek Caney and John Wallace)
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