Continued improvement in home prices accounted for most of the improvement in financial stress levels, according a PNC Financial index.» Read More
March 3- PNC Financial Services Group Inc said it had received a subpoena from the U.S. Department of Justice seeking information about its relationship with certain merchant and payment processor customers.
March 3- PNC Financial Services Group Inc said it received federal subpoenas about its lending practices in relation to certain federally backed mortgage loans.
WASHINGTON, Feb 28- The U.S. government slashed its estimate for fourth-quarter economic growth on Friday in the latest sign of a loss of momentum, but some tentative signs emerged that suggested the worst of the slowdown may be over.
WASHINGTON, Feb 4- New orders for U.S. factory goods outside of the volatile transportation sector rose for a third straight month in December, easing concerns of an abrupt slowdown in manufacturing activity.
*Durable goods orders tumble 4.3 percent in December. WASHINGTON, Jan 28- Orders for long-lasting U.S. manufactured goods unexpectedly fell in December as did a gauge of planned business spending, casting a shadow on an otherwise bright economic outlook.
WASHINGTON, Jan 23- U.S. home resales rose in December after three straight months of declines, showing some resilience in the housing market recovery despite higher mortgage rates.
WASHINGTON, Jan 15- U.S. producer prices recorded their largest increase in six months in December as the cost of gasoline rebounded strongly, but inflation pressures remained benign.
NEW YORK, Jan 1- If there was one lesson from this year's holiday shopping season, it is that many traditional retailers are having to work a lot harder to persuade Americans to open their pocketbooks. A lot of stores had to discount heavily to eke out a modest increase in sales, likely squeezing profit margins in the process.
NEW YORK, Dec 31- U.S. consumers' mood improved as 2013 drew to a close, with many optimistic about their future job prospects, while home prices rose again in October, though the pace of gains slowed.
LONDON/ NEW YORK, Dec 31- U.S. stocks were set to close 2013 at record levels, with world equity markets close to six-year peaks on Tuesday, while benchmark bond yields were poised for their first annual rise since 2009 in anticipation of stronger global growth in 2014..
Dec 23- PNC Financial Services Group Inc agreed to pay $35 million to settle U.S. charges that the former National City Corp discriminated against African-American and Hispanic borrowers by charging them more on home mortgages because of their race or national origin.
WASHINGTON, Dec 17- U.S. consumer prices were flat in November, but the lack of inflation pressures in the economy will probably not stop the Federal Reserve from scaling back its bond-buying program soon. The Labor Department said on Tuesday its Consumer Price Index was restrained last month by declines in gasoline and natural gas prices.
Some of Friday's midday movers:
Dec 6- PNC Financial Services Group Inc will pay Freddie Mac $89 million to resolve all repurchase liabilities on home loans sold to the government-backed housing agency through the end of 2008.. Earlier this week, Bank of America said it settled with Freddie Mac on all claims arising from residential mortgages sold to the agency through the end of 2009..
TORONTO, Dec 5- Royal Bank of Canada Chief Executive Gordon Nixon will step down next summer after 13 years at the helm of Canada's largest bank, handing the reins to the RBC's retail banking head, Dave McKay, the bank said on Thursday. Nixon is the longest-serving of Canada's current crop of bank CEOs, but at 56, by no means the oldest.
Regulators are zeroing in on the mega-asset managers, which have largely been absent from the recession blame game—until now.
*Nonfarm payrolls expected to rise 125,000 in October. *Unemployment rate seen climbing to 7.3 percent. WASHINGTON, Nov 5- U.S. job growth likely slowed sharply in October with the unemployment rate ticking higher as a partial shutdown of the government kept workers at home, undercutting an already lethargic labor market.
CNBC's October Fed survey sees the central bank buying about $650 billion of assets next year, up from $381 billion in the September survey.
With a deadline hanging over Congress, stocks could be whipped by headlines from Washington but should ultimately be able to limp through the drama.
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