Feb 12- Western Union Co, the world's largest money transfer company, forecast a decline in 2013 earnings as it cuts prices to keep up with nimble competitors that have eroded its market dominance.
Feb 12- Western Union Co, the world's largest money transfer company, forecast lower earnings for 2013 and reported a 47 percent decrease in fourth-quarter earnings, hurt by lower transaction fees in its consumer-to-consumer business. The company expects to earn between $1.33 and $1.43 per share in 2013. It reported earnings of $1.69 per share in 2012..
Feb 12- Western Union Co, the world's largest money transfer company, reported a 47 percent decrease in net income, hurt by lower transaction fees in its consumer-to-consumer business. Net income fell to $237.9 million, or 40 cents per share, in the fourth quarter ended Dec. 31, from $452.3 million, or 73 cents per share, a year earlier.
Feb 8- Western Union Co will need to come up with a convincing turnaround plan to quell investor unrest after the world's largest money transfer company said it would cut prices to regain ground lost to nimble competitors in emerging markets.
Treasury on Thursday, require foreign financial institutions with $50,000 of any American taxpayer's assets to report the holdings to the U.S. Internal Revenue Service.
Treasury on Thursday, require foreign financial institutions with $50,000 of any American taxpayer's assets to report the holdings to the U.S. Internal Revenue Service.
NEW YORK, Dec 13- Stock exchange operator Nasdaq OMX is cancelling a series of premarket trades that resulted in wild price swings in a number of stocks on Thursday, including Citigroup and Hewlett-Packard, the exchange said in a statement. "We have no comment further than our ruling," said Robert Madden, a Nasdaq OMX spokesman.
*MasterCard quarterly profit rises 8 percent. Oct 31- Increased consumer spending and card use worldwide drove quarterly profits higher for Visa Inc and MasterCard Inc, according to new financial reports from the two payments companies.
Oct 31- MasterCard Inc reported a quarterly profit that handily topped market estimates as more people, particularly in Asia, opted to use credit and debit cards instead of cash. MasterCard has been boosting its presence outside the United States, cashing in on higher-growth markets in Asia and the Nordic countries.
*Sees full-year non-GAAP EPS $1.65- $1.68. Oct 30- Western Union Co, the world's largest payment transfer company, cut its full-year forecast as rising competition and weak markets weigh on its business. Western Union raised its share buyback plan to $750 million and its annual dividend by 25 percent to 50 cents.
Oct 12- Link to Fitch Ratings' Report: Transaction Processors. --eBay Inc.,-- First Data Corp.,. --Fidelity National Information Services Inc.,.