PNC to buy National City
PNC Financial Services Group will buy National City Corp. in a deal valued at about $5.6 billion, the banks announced Friday.
Analysts surprised by PNC takeover of National City
Rumored for weeks and debated by many in the financial sector, on Friday, PNC Financial Services Group Inc. announced its $5.6 billion acquisition of National City Corp. But the consensus is that the deal is a good one for Pittsburgh-based PNC (NYSE:PNC).
Value City files for bankruptcy
The ailing Value City Department Stores chain has filed for bankruptcy protection as it prepares to shutter its stores.
Poll: Obama lead widens in Pennsylvania; Florida too close to call
A new poll released Wednesday finds Democratic presidential nominee Barack Obama leading Republican opponent John McCain in three key swing states, including Pennsylvania.
Regional banks look to benefit from National City acquisition
Bob Lee, owner of Lee Insurance Agency, may have gotten the jump on a tactic he believes other small business owners will soon be looking at.
New poll: Obama leads by 10 points in Pa.
A new poll finds Democrat Barack Obama holding a substantial lead over Republican John McCain, as the two candidates campaign down to the wire Monday.
Raskind leaving Nat City after PNC deal closes
National City Corp. CEO Peter Raskind announced Monday that he will leave the Cleveland bank after it is acquired by Pittsburgh’s PNC Financial Services Group Inc., an about-face from plans announced Oct. 24.
Voters get Election Day freebies at restaurants
Coffee lovers can get their caffeine fix for free if they head to the polls Tuesday.
PBT poll: Readers prefer McCain over Obama
Pennsylvania is a battleground state in the race for president, with both major party candidates spending big bucks to woo Keystone State voters. Pittsburgh Business Times readers expressed a slight preference for Republican John McCain over Democratic rival Barack Obama in an unscientific Web site poll.
Glaxo to drop Philadelphia as U.S. headquarters
Philadelphia will lose its status as one of GlaxoSmithKline’s dual U.S. headquarters cities, a company spokeswoman said Wednesday.
Four West Penn doctors who plan to join UPMC locked out of office
A group of doctors were forced to care for patients while hurriedly packing belongings on Wednesday after being told they would not be allowed back into their Bloomfield offices, according to one of the doctors.
Reed Smith leases office space in National City building
Reed Smith LLP, one of Pittsburgh’s largest law firms, is taking more than two-thirds of the 80,000-square-feet National City Corp. put on the market last month Downtown, roughly half of its Pittsburgh regional headquarters.
Money managers prepare for Obama's tax policies
President-elect Barack Obama vowed during the campaign that he would cut taxes for the middle class but raise them for the affluent.
Pennsylvania Senate committee expected to recommend against Highmark IBC merger
The state House Insurance Committee Wednesday deferred making a recommendation about the proposed merger of health insurers Highmark Inc. and Independence Blue Cross.
Ericsson to close Warrendale plant near Pittsburgh; 250 jobs affected
Telecom giant LM Ericsson Inc. announced Thursday it will shutter its Warrendale plant, and move the development work being done there to other locations.
Right By Nature organic grocery opens in Pittsburgh's Strip District
To commemorate the opening of his new natural food store, Bob Stone uses a stalk of organic broccoli as a flag to mark what may seem to many as the virgin territory between affordable and organic grocery shopping.
