● United Parcel Service, the world’s largest package-delivery company, posted third-quarter earnings that beat analysts’ estimates after carrying more U.S. shipments at higher rates. Net income more than doubled to $1.1 billion, or $1.16 a share, Atlanta-based UPS said Friday, affirming a full-year forecast for per-share earnings in a range of $4.65 to $4.85. Analysts projected profit of $1.15 a share for the quarter and $4.75 for 2013. UPS is considered an economic bellwether because it moves a variety of goods worldwide.
● Detroit’s police chief said Friday that the city’s financial woes have hobbled his department and threatened the safety of officers, residents and visitors. During a trial to determine whether the city is eligible to fix its finances in bankruptcy court, James Craig testified that he has found “deplorable conditions” of facilities and equipment. He started his job in July — the same month the city filed for bankruptcy. Craig, who has worked for several law enforcement agencies nationwide, said department morale is lower than anywhere else he’s worked. That includes when he worked as an officer in Detroit in the 1970s. He said officers blame pay cuts and 12-hour shifts brought on by money problems. The trial concluded its third day and continues next week.