The chairman of 135-year-old Western Union Corp. said Tuesday that the troubled telecommunications
Financially troubled Western Union Corp. announced Friday that two investors will pump $250 million
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Western Union in 1981 acquired about a 50% share in Airfone Inc., which operates an air-to-ground telephone system used in commercial aircraft.
Western Union Corp. withdrew its restructuring plan Friday after shareholders rejected two parts of
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U.S. District Judge Charles P.
Negotiators for Western Union and the union representing 6,500 workers reached a settlement late
The company said it plans to record special charges of about $300 million against fourth-quarter earnings of last year, and it expects to report a net loss of about $370 million for all of 1985.
Western Union reported a $367.2-million net loss for 1985, up sharply from the $58.4-million loss that it reported a year earlier.
The proposal to exchange new senior preferred shares and convertible preferred shares for the company's publicly held debt and some of its private debt was filed with the Securities and Exchange Commission.
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