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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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April 17, 2014
16:31 EDTWUOn The Fly: Closing Wrap
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10:40 EDTWUMoneyGram, Western Union retreat after Wal-Mart launches competing service
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10:29 EDTWUWestern Union transfer share not materially hurt by Wal-Mart, says Sterne Agee
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09:15 EDTWUMoneyGram, Western Union slide after new money-transfer service from Wal-Mart
Shares of MoneyGram (MGI) are down 12.5% in pre-market trading and Western Union (WU) is down over 5% after Walmart (WMT) and Ria, a subsidiary of Euronet Worldwide (EEFT), announced the launch of Walmart-2-Walmart Money Transfer Service. Walmart said the service allows customers to transfer money to and from more than 4,000 Walmart stores nationwide for "up to 50% less than similar offerings on the market." Euronet shares are up nearly 8% before the open of the broader market, while Wal-Mart shares are fractionally higher.
09:13 EDTWUWestern Union volatility expected to move on Walmart money-transfer service
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09:09 EDTWUWestern Union down 5% after Wal-Mart launches new money transfer service
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09:00 EDTWUWestern Union falls 5.5%
Western Union is down 5.5%, or 89c, to $15.16

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