bizjournals.com
Controversy over illegal immigration hurt Western Union's business in the second quarter, as immigrants in the United States became less willing to send money to their families in Mexico, the chief executive of Western Union's parent company, First Data Corp., said Friday.
"We estimate that the U.S. immigration activities in the second quarter negatively impacted Western Union's total revenue growth by 2 percent and total operating profit by 3 percent," said Ric Duques, CEO of Greenwood Village-based First Data (NYSE: FDC - News), in a conference call with analysts.
too bad.
Posted by Tyne at July 22, 2006