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Ford easily tops expectations on 2nd-qtr profit

Ford Motor Co on Tuesday reported second-quarter earnings that handily beat expectations, based on the continued strength of North American sales, led by its popular F-150 pickup truck. Ford posted net quarterly profit of $1.89 billion, or 47 cents per share. Analysts estimated profit of 37 cents per share, according to Thomson Reuters I/B/E/S.

UPS second-quarter profit tops estimates; sees sluggish U.S. economy

Shares in Atlanta-based United Parcel Service Inc rose more than 2 percent. “The continued strength of the U.S. dollar and I think this impending rate hike by the Fed appears to be holding back some U.S. growth,” Chief Executive Officer David Abney said on a conference call. Like main rival FedEx Corp (FDX.N), UPS is often seen as a bellwether of U.S. economic health.