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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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March 23, 2015
08:07 EDTWUWestern Union, Hyperwallet announce strategic alliance in global mass payments
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March 18, 2015
11:24 EDTWUeBay falls after Facebook adds friend-to friend payment option
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March 17, 2015
15:45 EDTWUWestern Union, MoneyGram near lows after Facebook reports money transfer plans
Shares of money transfer and payment services companies MoneyGram International (MGI) and Western Union (WU) are both in negative ground and near their session lows after Facebook (FB) announced this afternoon that it is adding a new feature in Messenger that gives people a "more convenient and secure way" to send or receive money between friends.

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