PNC

Business
2:39 pm
Tue June 24, 2014

Last Steel Beam Placed Atop PNC's New Headquarters

A construction worker signs the last steel beam to be placed atop the Tower at PNC Plaza on Tuesday.
Chris Squier 90.5 WESA

Hard hats and neon vests filled the Fifth and Wood intersection in downtown Pittsburgh Tuesday morning as construction workers placed the last beam on the Tower at PNC Plaza.

The project is far from complete. There is still a lot of work that needs to be done on the inside before 2,200 PNC corporate workers can fill the 33-story building, which will serve as the new headquarters. The project will be finished by mid-2015, according to Bill Demchak, PNC chairman, president and CEO.

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CLO Grant
4:25 pm
Wed June 18, 2014

PNC Awards CLO Academy of Musical Theater $800,000 Grant

Children at the CLO Academy of Musical Theater rehearsed for their production of Cinderella Wednesday.
Credit Jessica Nath / 90.5 WESA

  More than twenty children lined the stage at the CLO Academy of Musical Theater today to rehearse songs from their Cinderella production - and now even more children can take part in future productions.

That’s because the PNC Foundation has awarded the academy a four-year, $800,000 grant.

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Video
3:00 am
Fri June 6, 2014

Watch: As A New Building Rises In Pittsburgh, An Ironworker Looks Back

Third-generation ironworker Al Williams has been spent more than 30 years on construction sites in the Pittsburgh region. Currently he's working on the latest addition to the city's skyline, the Tower at PNC Plaza.
Credit Ryan Loew / 90.5 WESA

Standing nearly 30 stories above downtown Pittsburgh, Al Williams — a third-generation iron worker with 36 years of experience — is in his element.

The 54-year-old has logged roughly 70,000 hours working on countless structures around the city of Pittsburgh. That's included PPG Place, Consol Energy Center and the Liberty Bridge. Now he's working on the newest addition to Pittsburgh’s skyline, the Tower at PNC Plaza.

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Environment & Energy
5:34 pm
Mon April 21, 2014

Quakers To Continue PNC Protests

For the fourth consecutive year, the Earth Quaker Action Team (EQAT) will protest PNC’s financing of mountaintop removal mining.

Outside of PNC headquarters, underneath the 2,380-square-foot Green Wall, EQAT members and activists announced their plan to attend the bank’s annual shareholders’ meeting, which has been moved to Tampa.

Last year, the EQAT disrupted the shareholders’ meeting by asking each PNC board member to publicly state his or her position on mountaintop removal mining. The meeting lasted 20 minutes.

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Small Business Outlook
3:30 pm
Tue April 8, 2014

Pennsylvania Small Businesses Expected To Hire, Report Shows

The future is looking a little bit brighter for Pennsylvania small businesses, according to a PNC survey.

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.

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Economy & Business
4:09 pm
Wed February 26, 2014

How Two Sets of Windows Will Create a Porch at the New PNC Skyscraper

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.
Courtesy of PNC

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.

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.

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Economy & Business
3:30 am
Fri December 27, 2013

PNC Likes the Economy in 2014

When Pittsburgh-based PNC Financial Services’ top economist looks forward to 2014, he is doing it with cautious optimism.

“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.

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. 

On the local employment front, new jobs in construction will lead the way.

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Economy
3:30 am
Thu December 26, 2013

Pittsburgh Economy Fared Well in 2013, PNC Chief Economist Says

The 2013 economy might have stumbled a bit coming out of the gate, but at least one local economist says it recovered well.

“As the year went on it gathered some momentum,” said PNC Chief Economist Stuart Hoffman.

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. 

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Essential Pittsburgh
2:55 pm
Wed November 20, 2013

In Line Behind A Billion People: What Scarcity in China Means For Pittsburgh

Where can Pittsburgh fit in when it comes to the world's fastest growing economy?
Credit Lim CK / Flickr

China has one of the world's fastest growing economies. But, how do changes in China affect people in Pittsburgh?

PNC Vice President and Senior International Economist Bill Adams is co-author of the new book, In Line Behind A Billion People: How Scarcity Will Define China’s Ascent in the Next Decade.

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.

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Economy & Business
2:24 pm
Thu October 31, 2013

The Rich Trust Wall Street More Than Capitol Hill

The government shutdown and flirting with the debt ceiling turned off many high net worth individuals.
Credit PNC

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.

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Environment & Energy
1:59 pm
Mon October 21, 2013

Earth Quaker Action Team Back in Pittsburgh to Protest PNC

The Earth Quaker Action Team (EQAT) returned to PNC branches Monday to again protest the bank’s investments in mountaintop removal mining.

Last April EQAT protested at a PNC shareholder meeting in Pittsburgh to the point that the company’s chairman and CEO had to shut down the gathering.

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.

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Environment & Energy
4:12 pm
Mon April 22, 2013

Quaker Group to Protest PNC Mining Investments

The Earth Quaker Action Team (EQAT) is coming to Pittsburgh once again to challenge PNC’s financing of mountaintop mining.

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.

While they’re not walking this year, EQAT will be protesting at Tuesday’s meeting.

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Essential Pittsburgh
2:59 am
Sat April 20, 2013

Earth Quaker Action Takes Direct Action Against PNC

Members of the EQAT walking from Philadelphia to Pittsburgh in 2012
Credit Earth Quaker Action Team

  The mission of the Earth Quaker Action Team, also known as EQAT, 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 EQAT Board Member Ingrid Lakey is back in Pittsburgh, she talks with us about the actions they would like PNC's new CEO to take.