While you were sleeping: UPS, Whirlpool disappoint

Tue, 24 Jul 2012

By Margreet Dietz July 25 (BusinessDesk) - Earnings that failed to meet expectations, including from United Parcel Service and Whirlpool, and further signs of deterioration in the euro zone hammered the mood on both sides of the Atlantic. Shares of UPS were last down nearly 5 percent, while those of Whirlpool were almost 8 percent weaker. Quarterly results of both companies fell short of estimates and UPS also reduced its 2012 outlook. "Economies around the world are showing signs of weakening and our customers are increasingly nervous," UPS...

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