Money-transfer company Western Union is being probed by the FTC and a U.S. district court over fraud-induced money transfers, the company said in a regulatory filing.» Read More
COPENHAGEN/ FRANKFURT, March 21- A deepening economic standoff between Russia and the West over the future of Ukraine has rippled through trading floors and boardrooms, with exporters scrambling to protect revenues and some global financial firms halting services.
Feb 25- Money-transfer company Western Union Co is being probed by the Federal Trade Commission and a U.S. district court over fraud-induced money transfers, the company said in a regulatory filing on Monday. Western Union also said it has received multiple subpoenas since Nov. 25 from the U.S. attorney's office for the Middle District of Pennsylvania.
Feb 11- Western Union Co said it expects the high compliance costs that hit its earnings in the fourth quarter to ease in 2014, helping to push up the company's shares after the bell. Western Union said in October that it did not expect earnings growth in 2014 due to higher compliance costs, which it pegged at 3.5-4.5 percent of revenue.
Feb 11- Western Union Co, the world's largest money-transfer company, reported a slightly weaker-than-expected quarterly profit as competition intensifies and regulatory expenses rise. Western Union said on Tuesday it expected earnings of $1.40 to $1.50 per share in 2014 on low to mid-single digit percentage revenue growth on a constant-currency basis.
Feb 11- Western Union Co, the world's largest money-transfer company, reported a 27 percent fall in fourth-quarter profit, hurt by higher compliance costs, and announced a $500 million share buyback program. Net income fell to $173.4 million, or 31 cents per share, in the quarter ended Dec. 31, from $237.9 million, or 40 cents per share, a year earlier.
The Fed chair's first testimony before Congress is the big event for markets in the week ahead, as traders sift through economic data.
WASHINGTON, Jan 23- The U.S. consumer watchdog on Thursday proposed extra scrutiny for big non-bank firms that provide international money transfers as part of ongoing efforts to oversee the industry. The Consumer Financial Protection Bureau can already examine banks and credit unions that offer money transfers.
PALO, Philippines, Dec 26- A sister living on the other side of the world gave Roberto Retanal what he needed most to piece his humble home back together after the devastating typhoon that tore through his village in the central Philippines last month. Retanal's sister live and works in Britain.
ST. LOUIS, Dec 17- The U.S. Treasury Department's anti money-laundering unit is warning businesses linked to the digital currency Bitcoin that they may have to comply with federal law and regulation as money transmitters, a Treasury spokesman said.
LONDON, Dec 16- Sterling rose against the dollar on Monday after three straight days of losses, as investors positioned themselves for a week of UK data that will test the pound's ability to hold onto its gains since the summer.
LONDON, Dec 16- Sterling rebounded against the dollar on Monday after three days of losses, as investors positioned themselves for a week of UK data that will test the pound's ability to hold onto its gains since the summer. A decline in the yield spread between UK and German two-year government bond yields also supported the euro.
Extending Friday's gains, which were helped by strong house price data, the pound rose 0.2 percent to $1.6382, edging back towards the $1.6443 it hit last week- its highest since August 2011.
Jim Cramer always tells investors to know what you own. Otherwise you’re vulnerable.
In the aftermath of Typhoon Haiyan, the flood of money transfers, or remittances, from friends and relatives is expected to increase significantly.
Friday's midday movers.
Nov 15- The U.S. Central Intelligence Agency is collecting records of international money transfers under the same law that the National Security Agency uses to collect Americans' phone and Internet records, the New York Times and Wall Street Journal reported on Thursday.
Stocks declined, with the S&P 500 halting a four-session record run, as Wall Street reacted to the Federal Reserve's decision to hold off on reducing its monetary stimulus.
*General Motors rallies, profit leaps on strong demand. *Facebook and Expedia rally in extended trading, Starbucks falls.
*General Motors rallies, profit leaps on strong demand. NEW YORK, Oct 30- U.S. stocks fell on Wednesday, with the S&P 500 snapping a four-day streak of gains after the Federal Reserve said it had a weaker growth outlook for the economy, even as it held steady with its stimulus program for the time being.
Oct 30- Shares of Western Union Co fell as much as 19 percent on Wednesday, after the money transfer company said it did not expect earnings growth in 2014 due to higher compliance costs.