July 30, 1985 |
Representatives of Western Union Corp. and striking United Telegraph Workers met Monday for the first time since the 2-day-old walkout by 6,500 employees began, but little progress was made, a union official said. The sides did not discuss the major issues--company proposals to contract out work to non-union members, shift health benefit costs to workers and lay off 1,500 to 2,000 workers, UTW international President Richard Brockert said.
February 12, 2010 |
Western Union will pay $94 million to settle a long-running legal battle with the state of Arizona over whether the company allowed its money transfers to be used to send proceeds from human trafficking and drug smuggling to Mexico, officials announced Thursday. The settlement includes $50 million that will help law enforcement operations in border states fight money laundering. Western Union has also agreed to beef up its internal procedures to stop its wire transfers from being exploited.
August 15, 1997 |
Western Union Financial Services Inc. said it completed its purchase of Orlandi Valuta, which provides money transfers from the U.S. to Mexico, for an undisclosed price. The unit of Paramus, N.J.-based First Data Corp. said Orlandi Valuta will operate as an independent company and continue to use the Orlandi Valuta name. Orlandi Valuta agents will sell Western Union products and services, including money transfer, money orders and in-person bill payment services.
January 11, 2007 |
Western Union Co., the largest U.S. money-transfer company, said Wednesday that it had won a court ruling that bars Arizona from seizing funds sent by customers in other states to Mexico as part of a probe into drug and immigrant smuggling. Arizona Atty. Gen. Terry Goddard obtained a warrant in September to intercept transfers of $500 or more between 28 U.S. states and 26 places in Sonora, Mexico, so he could look for criminal ties.
February 2, 2006 |
After 155 years in the telegraph business, Western Union has cabled its final dispatch. The service that in the mid-1800s displaced pony-borne messengers has itself been supplanted over the last half-century by cheap long-distance telephone service, faxes and e-mail. In a final bit of irony, Denver-based Western Union informed customers of its decision last week in a message on its website. The terse notice was in keeping with telegraphese, the language that customers devised to hold down costs.
December 15, 1987 |
Western Union Corp. shareholders have approved a restructuring plan, the troubled telecommunications company said Monday. The vote represents a major step for Western Union, the 136-year-old company that linked the United States with telegraph wires. Without the plan, the company has said it may have to file for bankruptcy protection. Two more parts of the proposal must be completed: an exchange of debt for equity in the new company and the raising of $500 million in "junk bonds."