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This precision will most likely prove to be UPS's best tool as it absorbs a major industry shift--the rapid rise of e-commerce. Residential delivery this year will account for about a third of domestic shipping, up from 20% in 1997, according to the investment bank Morgan Stanley. Meeting this new demand is vital for UPS, which generates roughly 60% of its revenue from the U.S. small-package market...
...pictures of Person of the Year 2009 runner-up General Stanley McChrystal...
...free-market gospel. For both men, survival trumped ideology. In the process, however, the candidate of change became the President of continuity, a politically perilous position he has since reinforced, along with U.S. ground forces in Afghanistan. (See pictures of Person of the Year 2009 runner-up General Stanley McChrystal...
...typical for executives to leave their firm after it has been acquired. But Bank of America's acquisition of Merrill Lynch has turned out to be a recruiting bonanza for other Wall Street firms. In December, Morgan Stanley hired former Merrill president Gregory Fleming to head the firm's investment-management division. Another top former Merrill executive, Bob McCann, was picked to run the wealth-management division of Swiss bank UBS, which has more than 8,000 brokers. (See the best business deals...
...hunkering down for a fight, many more, along with thousands of residents, have fled Marja until the dust settles. That should limit civilian casualties and, they hope, lure some lukewarm Taliban over to the government side. "We're not interested in how many Taliban we kill," Army General Stanley McChrystal, the top U.S., commander in Afghanistan, said Thursday. "We'd much rather have them see the inevitability that things are changing and just accept that." (See pictures of the new U.S. offensive in Afghanistan...