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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Feb 03, 2010
Page
8
UPS reports fourth quarter net income of 757 million dollars up from 254 million last year as revenue slips 2.5 percent to 12.38 billion. The firm cites stronger holiday demand and international business while cutting 1800 management jobs and reducing capital spending to 1.8 billion for 2010.
General Motors reports a 14 percent January sales gain driven by higher fleet and crossovers as Toyota halts several top models citing sticky pedal recalls. Toyota forecast a market share drop to about 14.7 percent after recalling 2.3 million vehicles, potentially trimming January and February sales.
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