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Article: Western Union Corp. reports net loss for the quarter ended Sept. 30, 1986.

Article from:
PR Newswire
Article date:
October 23, 1986
Copyright

UPPER SADDLE RIVER, N.J., Oct. 23 /PRNewswire/ -- Western Union Corporation (NYSE: WU) reported today that its net loss for the quarter ended September 30, 1986 was $46.5 million, an amount that included charges of $18.2 million reflecting expenditures incurred during 1986 in connection with a proposed financial restructuring program, which was terminated in september, and a $6.3-million writedown of an investment.

This compares with a net loss of $6.4 million in the third quarter of 1985. the 1985 results included income of $11.0 million from a division that has since been sold and the termination of an inactive retirement plan.

After giving effect ... 







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