Oil takes toll across the economy

UPS delivers a grim forecast, United will lay off 950 pilots, and Dow Chemical announces another price increase, all because of soaring fuel costs. A report on consumer confidence hits a record low.

Consumer confidence tumbles in June

UPS shares at 4 1/2-year low after profit warning

Home prices extend record slide in April: S&P

EU warns of inflation challenge in rich nations

Profits seen off more than 10 percent: report

NEW YORK (Reuters) - The U.S. corporate profit outlook is deteriorating rapidly, with S&P 500 earnings for the second quarter now seen falling at a double-digit pace from a year earlier, according to Thomson Reuters Proprietary Research released on Tuesday.

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