UPDATE 3-UPS slashes view on soaring fuel costs

Newswire

(Adds analyst comment, byline, CNH surcharge.) By James B. Kelleher 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 from the world's largest package delivery company came less than a week after rival FedEx Corp issued a weak fiscal 2009 forecast and posted a quarterly loss, also citing rising fuel prices and an ailing economy. UPS ...

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