Moneygram Extends Losses

Shares of Moneygram International Inc. (Nasdaq: MGI) continued falling by plunging $2.01 to close at $12.80 after Wal-Mart Stores Inc. (NYSE: WMT) announced its entry into the money transfer service business last week. Wal-Mart stock edged down 6 cents to close at $77.60.


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