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Denver-based global money transmitter Western Union Co. (NYSE: WU) has withdrawn its 2020 financial guidance and changed its business practices due to COVID-19. “There are no comparable recent events which may provide guidance as to the effect of the spread of the coronavirus and a global pandemic, and, as a result, the ultimate impact of the coronavirus outbreak or a similar health epidemic is highly uncertain and subject to change,” the company said in the SEC filing. Initially, the pandemic did not have a major impact on the company’s finances.
Western Union (WU) rejects 2020 earnings guidance due to a dent in retail money transfer business, caused by coronavirus-led business disruption.
Western Union Launches "Digital Location" to Serve Customers Across Austria, Belgium, Italy, Portugal & Oman
Western Union money movement network stands ready to help customers deliver vital financial support to friends and families around the world.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Western Union (WU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Western Union (WU) unveils WU Incoming Payments for Legal to enable small and medium-sized law firms to get rid of additional fees and other complications.
WU® Incoming Payments for Legal helps law firms manage the administration and foreign exchange volatility often associated with foreign invoices.
Western Union trades at a great valuation with a high dividend. MoneyGram is losing market share and loaded with debt. The barriers to entry into cash exchange are high Continue reading...
Western Union Business Solutions and Ritsumeikan Asia Pacific University make it easier for students to remit their fees from overseas
Denver-based global money transmitter Western Union (NYSE: WU) incurred $115.5 million in expenses related to changes in its business model this year and plans to incur $34.5 million more in 2020, according to a Securities and Exchange Commission document filed this week. Additionally, the company said in the same SEC filing that it employs 500 fewer U.S.-based workers than it did at the end of the 2018. Pia De Lima, vice president and head of global communications and social channels at Western Union, did not answer Denver Business Journal’s specific questions about the SEC filing, but did provide a statement.
Western Union announced a USD $1M global matching challenge to help fight COVID-19 (coronavirus) and for relief in China and other affected countries.
Western Union (WU) strengthens ties with Australia Post to expand money transfer services and improve customer connectivity across the globe.