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BUSINESS
August 16, 1996 | Times Staff and Wire Reports
Dial Finishes Spinoff: The Phoenix-based company said it completed the spinoff of its $1.6-billion consumer products group into a new company that takes the Dial name. The existing company retained its $2.5-billion convention, airline catering and financial-payment services business, and has been renamed Viad Corp. Both companies are to begin trading today on the New York Stock Exchange. Under the tax-free spinoff, Viad shareholders received a share of the new Dial Corp.
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BUSINESS
August 16, 1996 | Times Staff and Wire Reports
Dial Finishes Spinoff: The Phoenix-based company said it completed the spinoff of its $1.6-billion consumer products group into a new company that takes the Dial name. The existing company retained its $2.5-billion convention, airline catering and financial-payment services business, and has been renamed Viad Corp. Both companies are to begin trading today on the New York Stock Exchange. Under the tax-free spinoff, Viad shareholders received a share of the new Dial Corp.
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BUSINESS
November 22, 1996 | Times Staff and Wire Reports
Union Pacific Corp. said its board named President and Chief Operating Officer Richard Davidson to the additional posts of chairman and chief executive, replacing Drew Lewis, who is retiring Jan. 1. . . . Phoenix-based Viad Corp. said it appointed Robert Bohannon as chairman, chief executive and president. . . . San Antonio-based Valero Energy Corp. said it is looking for a merger partner for its natural gas unit in a transaction that could be valued at more than $1.4 billion.
BUSINESS
April 27, 2002 | Bloomberg News
Wal-Mart Stores Inc. plans to offer money transfers from its 2,760 U.S. stores as it tries to attract shoppers with added services. The world's biggest retailer will offer Viad Corp.'s MoneyGram Payment Systems service between the U.S. and 150 countries by mid-May, the company said. The Bentonville, Ark.-based company has allowed customers of its Mexican stores to receive money transfers for two years.
BUSINESS
December 28, 2002 | From Associated Press
Many Mexican immigrants are eligible for modest refunds as a result of settlements in a pair of class-action suits against three money-transfer companies. Here's a look at the process for making claims in those cases: Over the next month, claim forms will be mailed to people who wired money from the United States to Mexico between about 1987 and 1999 using Viad Corp.'s MoneyGram Payment Systems Inc. or First Data Corp. subsidiaries Western Union Financial Services Inc. or Orlandi Valuta.
NEWS
October 28, 1999 | MYRNA OLIVER, TIMES STAFF WRITER
Gerald H. Trautman, a California lawyer who became head of the Greyhound Corp. and took over the much larger Armour Co. meatpacking operation, has died. He was 87. Trautman, who grew up in Ontario, Calif., and practiced law in San Francisco, died Monday in Phoenix, company officials announced. When the then-new Greyhound president moved to take the cross-country bus company into meatpacking in the late 1960s, Armour was three times the size of Greyhound.
BUSINESS
December 28, 2002 | Deborah Kong, Associated Press
Mexican immigrants who sued money-transfer companies for allegedly charging them hidden transaction fees soon will be able to receive modest discounts from the companies. Class-action suits against the companies -- First Data Corp. subsidiaries Western Union Financial Services Inc. and Orlandi Valuta, and MoneyGram Payment Systems Inc., a subsidiary of Viad Corp. -- alleged that they collected hidden charges for years from customers sending money from the United States to Mexico.
BUSINESS
May 20, 1999 | JAMES F. PELTZ
The airline "fare" wars are heating up. Passengers aren't the only ones frustrated by the airlines' penchant for saving money by serving skimpier meals on many flights. It's also tough on the leading caterers of airline food, and that's a big reason why two of them announced Wednesday that they're merging. SAirGroup, the parent of Swissair, said it is buying Dobbs International Services Inc., the second-largest U.S. airline food caterer, from Viad Corp. of Phoenix for $780 million.
BUSINESS
January 31, 2001 | LEE ROMNEY, TIMES STAFF WRITER
MoneyGram Payment Systems Inc. on Tuesday unveiled simplified and reduced rates for customers wiring money to Mexico, a strategy designed to win back some of the business the company has lost in recent years to new competitors. Called Cambio Plus, the new program allows customers to transfer any amount of money to Mexico for a flat fee of $15. MoneyGram also is offering a more favorable exchange rate than previously.
BUSINESS
February 25, 2002 | From Bloomberg News
Halving fees immigrants pay to send money to relatives in Mexico, El Salvador and other Latin American countries would pump about $1.5 billion in extra cash into the region, a study released Sunday showed. The Inter-American Development Bank, which commissioned the study, says getting more immigrants to use traditional banking institutions rather than transfer services such as First Data Corp.'s Western Union Financial Services Inc. and Viad Corp.'s MoneyGram Payment Systems Inc.
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