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Western Union Co

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  • 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 tops Street 3Q forecasts Thursday, 30 Oct 2014 | 4:36 PM ET

    ENGLEWOOD, Colo. _ Western Union Co. on Thursday reported third-quarter net income of $234.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Western Union expects full-year earnings to be $1.50 per share.

  • 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...

  • 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.

  • NEW YORK, June 13- The dollar edged higher against a basket of major currencies on Friday for the first time in three sessions after violence in Iraq triggered a safety bid for the U.S. currency, while higher U.S. bond yields underpinned the move.

  • *Loans, regulations grant bank status- MoneyGram. WASHINGTON, May 27- MoneyGram International Inc is fighting in U.S. In a case with implications for many financial institutions, especially those hurt by the 2008-2009 credit crisis, the MoneyGram fight centers on tax deductions only banks can claim for worthless assets, such as mortgage-backed securities.

  • 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.

  • The flurry of activity occurred at 3:49 p.m. EDT, with most of the affected stocks listed on the New York Stock Exchange, owned by IntercontinentalExchange Group Inc. The volatility caused moves of close to 5 percent in certain stocks, such as Nabors Industries Ltd..