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Western Union Co (WU.N)

WU.N on New York Stock Exchange

20.24USD
17 Jan 2018
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Latest Key Developments (Source: Significant Developments)

NY Department Of Financial Services Fines Western Union $60 Mln
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - NY DEPARTMENT OF FINANCIAL SERVICES::DFS FINES WESTERN UNION $60 MILLION FOR VIOLATIONS OF NEW YORK'S ANTI-MONEY LAUNDERING LAWS, "IGNORING SUSPICIOUS TRANSACTIONS" TO LOCATIONS IN CHINA.NY DEPARTMENT OF FINANCIAL SERVICES - INVESTIGATION FINDS WESTERN UNION FAILED TO IMPLEMENT ANTI-MONEY LAUNDERING COMPLIANCE BETWEEN 2004 AND 2012.  Full Article

Western Union Says ‍Announced Additional Details On Plans To Move Its Global Headquarters ​
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Western Union Co ::WESTERN UNION CO - ‍ANNOUNCED ADDITIONAL DETAILS ON PLANS TO MOVE ITS GLOBAL HEADQUARTERS ​.WESTERN UNION CO SAYS ‍SIGNED A LONG-TERM LEASE AT 7979 E. TUFTS AVE., WHERE "CRITICAL BUSINESS OPERATIONS WILL BE CONDUCTED"​.  Full Article

Western Union Co reports Q3 revenue $1.4 billion
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Western Union Co :Western Union Co reports third quarter results.Sees fy adjusted earnings per share $1.75 to $1.85.Sees fy GAAP earnings per share $1.50 to $1.60.Q3 revenue $1.4 billion versus I/B/E/S view $1.39 billion.Western Union Co - qtrly ‍consumer-to-consumer revenues increased 1% on both a reported and constant currency basis​.Western Union Co - qtrly earnings per share $0.51 ‍​.Western Union Co - qtrly ‍adjusted earnings per share of $0.53​.Western Union Co sees 2017 ‍GAAP operating margin of approximately 17% and adjusted operating margin of approximately 20%​.Q3 earnings per share view $0.45 -- Thomson Reuters I/B/E/S.  Full Article

Western Union Q4 earnings per share $0.47 excluding items
Thursday, 9 Feb 2017 

Western Union Co : Western Union Co - new $1.2 billion share repurchase program announced . Western Union Co - qtrly consumer-to-consumer (c2c) revenues were flat, or increased 3 pct on a constant currency basis . Western Union reports fourth quarter and full year results . Q4 revenue fell 1 percent to $1.4 billion . Q4 earnings per share $0.47 excluding items . Q4 earnings per share view $0.43 -- Thomson Reuters I/B/E/S . Western Union Co - qtrly consumer-to-business (c2b) revenues declined 4 pct in quarter, or increased 9 pct on a constant currency basis . Western Union Co - sees revenue for 2017 flat to low single digit decrease in gaap revenues, or a low single digit increase constant currency . Western Union Co -sees 2017 gaap operating margin of approximately 18 pct and adjusted operating margin of approximately 20 pct . Western Union Co-sees 2017 gaap cash flow from operating activities of approximately $200 million . Western Union Co -sees 2017 gaap eps in a range of $1.48 to $1.60 and adjusted eps in a range of $1.63 to $1.75 . Fy2017 earnings per share view $1.72, revenue view $5.51 billion -- Thomson Reuters I/B/E/S . Western Union Co- quarterly dividend increased 9 pct . Western Union Co - company expects to generate savings of approximately $20 million in 2017.  Full Article

Western Union files for potential debt shelf size undisclosed
Monday, 3 Oct 2016 

Western Union Co :Files for potential debt shelf; size undisclosed - SEC filing.  Full Article

Western Union reports second quarter results
Wednesday, 3 Aug 2016 

Western Union Co : Sees FY 2016 earnings per share $1.60 to $1.70 . Q2 revenue $1.4 billion . Western union reports second quarter results . Q2 GAAP earnings per share $0.42 . Q2 earnings per share view $0.40 -- Thomson Reuters I/B/E/S . Affirmed its full year 2016 outlooks for constant currency revenue growth, operating profit margin, and operating cash flow . Sees 2016 operating margin of approximately 20% . 2016 GAAP revenue outlook was decreased slightly to reflect changes in several key foreign currencies against U.S. Dollar . Sees 2016 cash flow from operating activities of approximately $1 billion . Sees 2016 low to mid-single digit constant currency revenue increase . Consumer-To-Consumer (C2C) revenues declined 1% in quarter, or increased 2% on a constant currency basis, on transaction growth of 3% . Consumer-To-Business (C2B) revenues declined 2% in quarter, or increased 12% on a constant currency basis . FY2016 earnings per share view $1.63, revenue view $5.46 billion -- Thomson Reuters I/B/E/S .Sees 2016 GAAP revenue change approximately 400 basis points lower than constant currency.  Full Article

Western Union renews 20-year relationship with Rite Aid
Tuesday, 12 Jul 2016 

Western Union Co : Renews 20-Year relationship with Rite Aid . Consumers can purchase money orders and pay their bills at Rite Aid locations nationwide .Consumers at Rite Aid locations to continue to have ability to send and receive western union money transfer transactions U.S. or across globe.  Full Article

Western Union says increased agent locations in Mexico to nearly 13,600
Tuesday, 21 Jun 2016 

Western Union Co - : Grown its reach in Mexico with ability to send money from United States directly into nearly all bank accounts in mexico .Company has also increased amount of Western Union agent locations in Mexico to nearly 13,600, adding 3,200 locations in 2015.  Full Article

Western Union Co quizzed by EU on money transfer activities - Reuters
Tuesday, 23 Feb 2016 

Western Union Co:U.S. money transfer services provider Western Union WU.N has been questioned by antitrust regulators over its activities in Europe, the company said on Tuesday. - RTRS."Western Union is cooperating with the European Commission following a request for information on the company's business in Europe," spokesman Daniel Diaz said in an email.Commission spokesman Ricardo Cardoso said the antitrust authority was closely monitoring competitive conditions in the money transfer market.The Commission is checking allegations that Western Union colluded with banks to drive out smaller rivals in the money transfer market, Bloomberg cited two unnamed sources as saying.Western Union said there was strong competition in the market coming from digital operators, mobile operators, mail and courier services, prepaid cards, travel cards as well as ATM transfers.  Full Article

CORRECTED-UPDATE 1-U.S. fintech firm Blackhawk to go private in $3.5 bln deal

Jan 16 U.S. financial technology firm Blackhawk Network Holdings Inc said on Tuesday it would be acquired by private equity firm Silver Lake and New York-based hedge fund P2 Capital Partners in an all-cash deal worth about $3.5 billion including debt.