Word of the Day

Commodity

Even if you don't think you do, you already know plenty about commodities. Want us to prove it? No problem.

What makes oil produced in Saudi Arabia different from oil exported from Nigeria? It's the same thing that makes the corn you ate at last summer¿s barbecue different from the corn used to produce ethanol. Stumped? Well, don't feel bad, it's a trick question. The answer? Absolutely nothing. Corn is corn no matter where it comes from -- just as wheat is wheat and natural gas is -- right! -- natural gas. (Though the quality may differ, the make-up is uniform.)

So, in less elaborate terms, corn and oil (and all other commodities) are homogenous goods that can be processed, resold and more often than not, used as an input to the production of other goods or services. These goods are traded on a commodity exchange, thus setting the price-per-barrel (or other metric unit) used to value them.

Now pay attention, here's a question that indeed does have an answer: What is the difference between a commodity and a stock? While a stock can tank and become worthless, a commodity cannot have its value be wiped to zero. One other difference: Most commodities are traded in futures, meaning traders buy and sell where they think the price of a product will be at a certain point in the future. Stocks trade based on the value of the underlying company at that point in time.

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Thursday, July 03, 2008

Western Union to Release Second Quarter Results on July 22, 2008

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Comtex

ENGLEWOOD, Colo., Jul 03, 2008 (BUSINESS WIRE) ----The Western Union Company (NYSE: WU) announced today that President and CEO Christina Gold will host a conference call and webcast to discuss second quarter results on July 22, 2008, at 8:30 a.m. Eastern Time. Joining Christina on the call will be Scott Scheirman, Executive Vice President and CFO. A press release with second quarter financial results will be issued at approximately 7:30 a.m. Eastern Time that same day.

To listen to the conference call via telephone, dial 888-679-8018 (U.S.) or +1-617-213-4845 (outside the U.S.) ten minutes prior to the start of the call. The pass code is 64554317.

The conference call will also be available via webcast at http://ir.westernunion.com/investor. A slide presentation to accompany the call will be included in the webcast. The slide presentation will be made available for download from the Western Union website after the call. Registration for the event is required, so please register at least five minutes prior to the scheduled start time.

A replay of the call will be available one hour after the call ends through July 29, 2008, at 5:00 p.m. Eastern Time at 888-286-8010 (U.S.) or +1-617-801-6888 (outside the U.S.). The pass code is 53718844. A webcast replay will be available at http://ir.westernunion.com/investor for the same time period.

About Western Union

Western Union, together with its affiliates Orlandi Valuta and Vigo, is a leading provider of global money-transfer services, providing people with fast, reliable and convenient ways to send money around the world, pay bills and purchase money orders through a network of more than 345,000 Agent locations in over 200 countries and territories. For more information, visit www.WesternUnion.com.

WU-G, WU-F

SOURCE: The Western Union Company

The Western Union Company Media: Eric Jackson, +1-720-332-2001
   Eric.Jackson@westernunion.com or Investors: Gary Kohn, +1-720-332-8276 Gary.Kohn@westernunion.com

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   Wire 2008 ********************************************************************** As of Sunday, 06-29-2008 23:59, the latest
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