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Associated Press
FILE - In this March 19, 2012 file photo Scott Davis, CEO of UPS, elaborates on the planned merger between UPS and TNT Express during a press conference in Amsterdam. United Parcel Service Inc. has ditched its euro5.2 billion (US$ 6.9 billion) takeover of TNT Express NV after learning that European regulators would reject the deal in its current form. (AP Photo/Peter Dejong, FILE)

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