(Bloomberg) -- United Parcel Service Inc. fell after warning that it may have to take a charge of as much as $3.8 billion related to a potential pension-fund obligation.

The shares dropped as much as 2.3 percent, the biggest intraday decline since Jan. 20. The stock pared the loss, trading less than 1 percent lower to $105.95 at 10:47 a.m. in New York.

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