European Union Competition Commissioner Joaquin Almunia issues dour comments on the ability of...

|By:, SA News Editor

European Union Competition Commissioner Joaquin Almunia issues dour comments on the ability of UPS (UPS +0.6%) to come up with enough concessions to convince regulators a deal to purchase TNT Express should move forward. Almunia wants a situation where a third company could compete with a combined UPS-TNT and Deutsche Post's DHL unit on the continent.