Wall Street Journal: United Parcel Service Inc.'s talks to take over Dutch rival TNT Express NV have slowed as a result of friction between the two package-shipping companies over a range of issues, according to people familiar with the matter. Though the people expressed hope that the two sides will still reach a deal, they are unlikely to do so this week, and the talks could drag on beyond the following week as well. The items the companies are butting heads over include so-called social issues, which tend to involve matters related to personnel. One particular sticking point involves whether TNT's Dutch headquarters would continue to serve as the base for the combined business, one of the people said. Read more!
