PNC

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.