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Western Union Co

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  • SQUEEZED FX BROKERS FACE CHOICE: MERGE OR SPEND BIG ON TECH@* Boom in M&A for mostly London- based specialist brokers* Brokers made millions undercutting banks on corporate FX* But squeeze coming from spread of multi-dealer platforms. LONDON, Dec 12- Next year may prove a watershed for a generation of London forex entrepreneurs who have made millions undercutting...

  • LONDON, Nov 16- Working out of a shared office near London's Euston station, Michael Kent is part of a revolution that may be driven on by this year's row over alleged currency market manipulation by major banks. Kent's online business, Azimo, and more than 30 others in the United Kingdom are building on the success of firms like Western Union and MoneyGram...

  • Oct 31- MoneyGram International Inc, the world's second-largest money transfer company, cut prices for transfers within the United States as it loses business to Wal-Mart Stores Inc's new rival service. Wal-Mart was MoneyGram's largest agent in the United States until the world's largest retailer launched its own money transfer service in April.

  • Oct 30- Western Union Co, the world's largest money-transfer company, reported a better-than-expected quarterly profit as lower prices drew more customers, particularly to its digital money transfer business. Western Union has cut prices and invested heavily in its online and mobile businesses to better compete with fast-growing rivals such as MoneyGram...

  • Oct 30- Western Union Co, the world's largest money-transfer company, reported a better-than-expected quarterly profit as the company benefited from its digital money transfer services. Western Union has cut prices and invested heavily in its online and mobile businesses to better compete with fast-growing rivals such as MoneyGram International Inc,...

  • Western Union profit rises 9 pct Thursday, 30 Oct 2014 | 4:08 PM ET

    Oct 30- Western Union Co, the world's largest money-transfer company, reported a 9 percent rise in quarterly profit as more people transferred money using its services. The company's net income rose to $234.1 million, or 44 cents per share, in the quarter ended Sept. 30 from $214.4 million, or 39 cents per share, a year earlier. Total revenue rose 2 percent to $1.44...

  • Despite seeming value, Cramer says ‘sell’ Tuesday, 23 Sep 2014 | 6:38 PM ET

    Sometimes a stock looks like a value play when it’s actually a value trap.

  • LONDON, Aug 19- Sterling hit a four-month low against the dollar and a near two-month trough versus the euro on Tuesday after weaker-than-expected inflation data eased pressure on the Bank of England to raise interest rates. Consumer prices rose 1.6 percent on the year in July, the Office for National Statistics said.

  • LONDON, Aug 19- Sterling fell to a four-month low against the dollar and slipped towards a two-month trough versus the euro on Tuesday, after data showed British inflation fell more than expected and eased pressure on the Bank of England to raise interest rates. Consumer prices rose 1.6 percent on the year in July, the Office for National Statistics said.

  • UPDATE 1-Western Union profit falls as costs rise Thursday, 31 Jul 2014 | 5:30 PM ET

    July 31- Western Union Co, the world's largest money-transfer company, reported a 2 percent fall in quarterly profit as compliance costs rose. Western Union, which gets most of its business from migrant workers sending money home, has lost ground in Mexico, a key market, after it was forced to close about 7,000 outlets over the last two years due to compliance issues.

  • After-hours buzz: Expedia, GoPro & more Thursday, 31 Jul 2014 | 5:00 PM ET
    A live market monitor is viewed on the floor of the New York Stock Exchange (NYSE).

    Companies making headlines after the bell Thursday:

  • Western Union profit falls as costs rise Thursday, 31 Jul 2014 | 4:09 PM ET

    July 31- Western Union Co, the world's largest money-transfer company, reported a 2 percent fall in quarterly profit as costs rose slightly. Net income fell to $193.8 million in the second quarter ended June 30 from $198.6 million a year earlier. The company's earnings were flat on a per share basis at 36 cents.

  • NEW YORK, June 27- Each month, 42- year-old Abdirizak Alibos shows up at a money transfer business in the heart of Minneapolis to send $500 to his three children in war-torn Somalia.

  • NEW YORK, June 27- Each month, 42- year-old Abdirizak Alibos shows up at a money transfer business in the heart of Minneapolis to send $500 to his three children in war-torn Somalia.

  • NEW YORK, June 27- Each month, 42- year-old Abdirizak Alibos shows up at a money transfer business in the heart of Minneapolis to send $500 to his three children in war-torn Somalia.

  • *Barclays slides on new U.S. lawsuit. LONDON, June 26- British banks, builders and the pound dominated the action on Europe's financial markets on Thursday, after the U.S. sued Barclays for fraud and the Bank of England took less aggressive action than expected to cool a booming UK housing market.

  • NEW YORK, June 25- A former driver for Raj Rajaratnam has sued the one-time billionaire, claiming he was fired for complaining about secret wire transfers the founder of the Galleon Group hedge fund made to fellow prisoners following his conviction for insider trading.

  • NEW YORK, June 25- The U.S. dollar slid to a one-month low against a basket of major currencies on Wednesday after weak U.S. gross domestic product and durable goods orders data signalled the likelihood of a continued dovish stance from the Federal Reserve.

  • Getting banks out of the forex business Tuesday, 17 Jun 2014 | 6:00 AM ET
    Taavet Hinrikus and Kristo Käärmann, founders of TransferWise

    When two friends living in Europe got fed up with money-transfer fees, they knew there had to be a better way, and PayPal's founder agreed.

  • Chasing the Latin American retail consumer Tuesday, 27 May 2014 | 10:35 AM ET
    Marcos Galperin, founder of e-commerce website MercadoLibre believes in taking risks.

    MercadoLibre is the eBay of Latin America. The founder talks about how he built the largest regional retailer despite market challenges.