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Stock Market & Financial Investment News

News Breaks
February 3, 2014
11:37 EDTWUWestern Union extends settlement agreement with Arizona until 2017
In a filing, Western Union disclosed that on January 31 Western Union Financial Services, WUFS, a subsidiary of The Western Union Company, agreed to amend the Settlement Agreement entered into on February 11, 2010, with the State of Arizona. Such amendments were subsequently approved by the Superior Court of the State of Arizona In and for the County of Maricopa that same day. The Amendments extend the term of the Settlement Agreement until December 31, 2017, and impose obligations on the company and WUFSI in connection with WUFSI’s anti-money laundering compliance programs and cooperation with law enforcement. In particular, the Amendments require WUFSI to continue implementing the primary and secondary recommendations made by the monitor appointed pursuant to the Settlement Agreement related to WUFSI’s anti-money laundering compliance program, and include, among other things, timeframes for implementing such primary and secondary recommendations. Under the Amendments, the Monitor may make additional primary recommendations until January 1, 2015, and additional secondary recommendations until January 31, 2017. After these dates, the Monitor may only make additional primary or secondary recommendations, as applicable, that meet certain requirements as set forth in the Amendments. Primary recommendations may also be re-classified as secondary recommendations.
News For WU From The Last 14 Days
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January 29, 2015
08:14 EDTWUWestern Union extends USSC agent agreement in the Philippines
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January 27, 2015
08:03 EDTWUWestern Union to offer Apple Pay at flagship locations
Western Union (WU) announced it will offer Apple (AAPL)’s technology Apple Pay mobile payment solution at Western Union’s flagship locations, to provide consumers yet another way to fund global money transfers and bill payments in the United States. Consumers making Western Union transactions at kiosks in over 7,600 Walgreens and Duane Reade locations nationwide also have the ability to utilize the Apple Pay service.
January 20, 2015
07:28 EDTWUTreasury Institute for Higher Education to hold a symposium
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January 16, 2015
06:57 EDTWUWestern Union added to Focus List with Sell rating at Citigroup
Citigroup added Sell-rated Western Union to its Focus List, calling the short call its top idea in its Processor coverage. Citi believes increased competitive and macro risks are not adequately reflected into consensus expectations. It has a $15.50 price target for shares.

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