UPDATE 2-UPS slashes view on soaring fuel costs

Newswire

(Adds background, changes dateline to CHICAGO) CHICAGO, June 23 (Reuters) - United Parcel Service Inc warned on Monday that second-quarter earnings would be below expectations, blaming high fuel prices and a sluggish U.S. economy. The announcement came less than a week after rival package delivery company FedEx Corp issued a weak fiscal 2009 forecast and posted a quarterly loss, also citing rising fuel prices and an ailing economy. UPS estimated earnings of 83 cents to 88 cents a share ...

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