Friday, July 20, 2007
Pittsburgh Laurels & Lances - Pittsburgh Tribune-Review PNC Financial Services Group says it had a net profit of $423 million for the second quarter of 2007. PNC has net profits of $882 million for the first half of 2007. It had a profit of $2.6 billion for all of 2006. Oh, and PNC also says its multibillion-dollar acquisitions spree continues -- it's buying Sterling Financial Corp. for $565 million. So, any day now we expect Pickpocket National Corp. to reimburse the public for the $48 million in public subsides for its new Downtown skyscraper, right?