1980 - for the first time in the history of Western Union revenues from money transfers exceeded the income from the telegraph service. In 1920, Western Union has implemented the world's first transmission of images over the ocean. In 1991, Western Union has sold some low-profit division of the company AT & T, GM Hughes Electronics, and to some others. In the same year the company changed its name to New Valley Corp. 1970 - a new service called Thanks to cooperation with Western Union the Associated Press at the end of the XIX century took almost monopolistic position in the U.S. market news. In 1879 Western Union left the telephone business after losing a lawsuit against Alexander Graham Bell - the patent holder on the phone. Western Union for more than 130 years provides money transfer services to its customers.