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Actionable news in WU: THE WESTERN UNION COMPANY,

Western Union profit, revenue edge down

Western Union Co. on Thursday reported modest declines in net profit and revenue during its third quarter, as currency swings damped growth in U.S. outbound money transfers.

Western Union has faced increased competition in recent years, as it expands from a cash-based business to one with an increased focus on digital payments. PayPal Holdings Inc.'s deal to buy Xoom, struck in July, will create a large global competitor for Western Union in...


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