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MoneyGram Posts Loss

By Kathy Shwiff and Andrew Edwards Word Count: 379 | Companies Featured in This Article: MoneyGram International, Goldman Sachs Group, Western Union, Wal-Mart Stores MoneyGram International Inc. swung to a second-quarter loss as interest expense and compensation climbed and the company recorded $30.3 million in losses on mortgage-related investments. Shares fell 3.6% to $1.35 in after-hours trading as the company reported its third consecutive quarterly loss. The money-transfer company reported a net loss of $16 million, or 49 cents a share, compared with net income of $32.4 million, or 38 cents a share, a year earlier. Revenue dropped... [read full story]                    

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