PNC en Pennsylvania Small Businesses Expected To Hire, Report Shows <p>The future is looking a little bit brighter for Pennsylvania small businesses, <a href=";amp;CACHEID=21b6ce804368555895f3b763bee20f45">according to a PNC survey</a>.</p><p>The bi-annual report shows 13 percent of small and mid-sized businesses in the state will look to hire more full-time employees in the next six months. But 7 percent of business owners plan to reduce their full-time staff.</p> Tue, 08 Apr 2014 19:30:33 +0000 Michael Lynch 26992 at How Two Sets of Windows Will Create a Porch at the New PNC Skyscraper <p>The glass skin is starting to be installed on Pittsburgh’s newest skyscraper, and Pittsburgh-based PNC Financial Group says it will help make the building more energy efficient in the long run and is helping to grow the local economy in the short term.</p><p>The so-called "curtain wall" is actually two layers of glass held in place by steel and recycled wood in a manner that creates what might be best described as a massive storm window.</p> Wed, 26 Feb 2014 21:09:12 +0000 Mark Nootbaar 25047 at How Two Sets of Windows Will Create a Porch at the New PNC Skyscraper PNC Likes the Economy in 2014 <p>When Pittsburgh-based PNC Financial Services’ top economist looks forward to 2014, he is doing it with cautious optimism.</p><p>“We think we can sustain (good economic growth) for at least one more year and maybe for several beyond that,” said PNC Chief Economist Stuart Hoffman.</p><p>Hoffman thinks the economy will see GDP growth inching up and unemployment inching down. By the end of 2014 Hoffman is predicting GDP growth of 2.5 percent and an unemployment rate of about 6.5 percent.&nbsp;</p><p>On the local employment front, new jobs in construction will lead the way.</p> Fri, 27 Dec 2013 08:30:00 +0000 Mark Nootbaar 21737 at Pittsburgh Economy Fared Well in 2013, PNC Chief Economist Says <p>The 2013 economy might have stumbled a bit coming out of the gate, but at least one local economist says it recovered well.</p><p>“As the year went on it gathered some momentum,” said PNC Chief Economist Stuart Hoffman.</p><p>The year began with “sequestration” which reduced government spending nearly across the board and made several tax law changes including a hike in the payroll tax from 4.2 percent to 6.2 percent, a phase out a some key tax exemptions, an increase to the so-called death tax, and an increase in the top marginal tax rate from 35 percent to 39.6 percent.&nbsp;</p> Thu, 26 Dec 2013 08:30:00 +0000 Mark Nootbaar 21603 at In Line Behind A Billion People: What Scarcity in China Means For Pittsburgh <p>China has one of the world's fastest growing economies. But, how do changes in China affect people in Pittsburgh?</p><p>PNC Vice President and Senior International Economist <strong>Bill Adams</strong> is co-author of the new book, <a href=""><em>In Line Behind A Billion People: How Scarcity Will Define China’s Ascent in the Next Decade</em></a>.</p><p>Looking at the state of its current economy, and projections for the future, Adams is concerned about what happens if China runs out of the things it needs to keep growing. Wed, 20 Nov 2013 19:55:08 +0000 Heather McClain 20145 at In Line Behind A Billion People: What Scarcity in China Means For Pittsburgh The Rich Trust Wall Street More Than Capitol Hill <p></p><p>While many Americans quickly moved on from October’s partial government shutdown and near-default, it seems the nation’s high net worth individuals are less ready to forget about it.</p> Thu, 31 Oct 2013 18:24:25 +0000 Mark Nootbaar 19058 at The Rich Trust Wall Street More Than Capitol Hill Earth Quaker Action Team Back in Pittsburgh to Protest PNC <p>The Earth Quaker Action Team (EQAT) returned to PNC branches Monday to again protest the bank’s investments in mountaintop removal mining.</p><p>Last April EQAT <a href="">protested</a> at a PNC shareholder meeting in Pittsburgh to the point that the company’s chairman and CEO had to shut down the gathering.</p><p>Mountaintop mining involves removing mountaintops to expose coal, excavating the upper and lower layers of coal with remains placed in piles, and then re-grading and re-vegetating the site.</p> Mon, 21 Oct 2013 17:59:21 +0000 Tim Camerato 18467 at Quaker Group to Protest PNC Mining Investments <p>The Earth Quaker Action Team (EQAT) is coming to Pittsburgh once again to challenge PNC’s financing of mountaintop mining.<br><br>The group made headlines last year as members set out on a 17-day walk from Philadelphia to Pittsburgh to protest during the annual shareholders meeting.<br><br>While they’re not walking this year, EQAT will be protesting at Tuesday’s meeting.<br> Mon, 22 Apr 2013 20:12:23 +0000 Tim Camerato 8277 at Earth Quaker Action Takes Direct Action Against PNC <p><span style="line-height: 1.5;">&nbsp;&nbsp;</span><span style="line-height: 1.5;">The mission of the Earth Quaker Action Team, also known as </span><a href="" style="line-height: 1.5;">EQAT,</a><span style="line-height: 1.5;"> is to call attention to PNC Bank’s financial funding of coal companies engaging in mountain top removal coal mining. Last year they set out on a two-hundred mile walk from Philadelphia to Pittsburgh to protest at a PNC shareholders meeting. This year </span>EQAT<span style="line-height: 1.5;"> Board Member </span><strong style="line-height: 1.5;">Ingrid Lakey</strong><span style="line-height: 1.5;"> is back in Pittsburgh, she talks with us about the actions they would like PNC's new CEO to take.&nbsp;</span></p><p> Sat, 20 Apr 2013 06:59:00 +0000 Heather McClain 8167 at Earth Quaker Action Takes Direct Action Against PNC