United Parcel Service Inc. (NYSE:UPS) reported higher first quarter earnings Thursday that beat Wall Street estimates, with the package delivery company citing a stronger-than-expected post-holiday season in January as its e-commerce service resonated with customers. 

Global shipping company UPS (NYSE:UPS) said Tuesday that second quarter profit rose as revenue increased 1.2 per cent over the year earlier period, but results fell short of analyst estimates, and the company reduced its full year profit outlook.

Carnival Corp. (NYSE:CCL) Friday posted significantly lower second-quarter net income due to losses on fuel price contracts, but expects higher earnings for the year.

Ratings agency Moody's downgraded 15 of the world's biggest banks on Thursday to reflect the risk of losses they face from volatile capital markets activities.

United Parcel Service (NYSE:UPS) Monday agreed to pay $6.8 billion for Netherlands-based TNT Express, creating a global integrated package-delivery and logistics network.