Western Union has taken of 451st position in the rating Fortune 500 in 2009, having moved from 473rd line in 2008. The Western Union Company is a leader in global payment services In 1933, by the Western Union Company were invented "singing telegrams". 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. Before transition to remittances Western Union company rendered services on sphere of cable communication. 1970 - a new service called Western Union for more than 130 years provides money transfer services to its customers.