Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
United Parcel Service reported quarterly earnings that were in line with analysts' expectations, and revenues that beat estimates on Friday, helped by international growth and higher delivery volume.
The shipping and packaging company posted second-quarter earnings per share of $1.43, compared to $1.35 a share in the year-earlier period. Revenue for the quarter came in at $14.629 billion against the comparable year-ago figure of $14.095 billion.
Analysts polled by Thomson Reuters expected UPS to post earnings of $1.43 per share on revenues of $14.625 billion.
Shares of the Atlanta-based company fell 0.73 percent in afternoon trading.
UPS reaffirmed its full-year outlook, expecting diluted earnings per share of $5.70 to $5.90.
"We feel very comfortable that the guidance we set earlier in the year is where we'll end for the year," Richard Peretz, chief financial officer at UPS told CNBC's "Squawk on the Street" Friday. "It's international that's outperforming, that's allowing us to maintain the guidance."
International revenue was up 1.1 percent year over year, but currency exchange rates and lower fuel surcharges weighed. Daily export packages increased 3.9 percent, helped by European orders as customers used UPS to benefit from a strong U.S. dollar, the company said.
International operating profit increased 11 percent, the company said, to $613 million for the sixth consecutive quarter of double-digit growth and a record second-quarter level.
U.S. domestic revenue increased 2.4 percent to $9 billion, helped by technology that boosted productivity and lowered costs per unit compared to the same period a year ago, the company said. Average daily package volume increased 2.5 percent.
Like its main rival, FedEx, UPS is often seen as a bellwether of U.S. economic activity.
Peretz pointed to concerns about the global macro economy and Britain's recent vote to leave the European Union.
"The U.K. operation for UPS is very important," Peretz said, adding that they're still committed to the same investments in both the U.K. and Europe going forward. "We're going to be ready regardless of what the new rules are."
Business-to-consumer growth outpaced business-delivery growth by more than five to one, the company said.
"It's been a continuing story reel the last two quarters; business-to-business has continued to soften as the investor production has come down," Peretz said.
Business-to-business shipping does not affect the freight supply business, Peretz said, and UPS is addressing weaknesses by concentrating on middle market customers, the supply chain, and freight areas.
UPS also reported a better-than-expected quarterly net profit in the previous quarter, helped by ecommerce as consumers ordered more goods online.
UPS is challenging a plan by the Central States Pension Fund to cut benefits to its participants, including some UPS employees, because the company does not believe the proposed reduction complies with the law, executives said last quarter.
Peretz told CNBC after last quarter's report that if the U.S. Department of the Treasury approves a proposed Central States pension reduction, UPS would be required to record a charge of between $3.2 billion and $3.8 billion later this year.