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Article: The Daily Record News Briefs: October 17, 2008
- Article from:
- The Daily Record (Baltimore)
- Article date:
- October 17, 2008
CopyrightCopyright 2008 The Daily Record (Baltimore). Provided by ProQuest LLC. (Hide copyright information)
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PNC sees profit drop 39%
PNC Financial Services Group Inc., of Pittsburgh, the banking
company that acquired Baltimore's Mercantile-Safe Deposit and Trust
Co. in 2007, reported its third-quarter profit fell 39 percent as it
increased the amount it set aside to cover bad loans, and the number
of loans in arrears rose. PNC said it earned $248 million, or 71
cents per share, in the third quarter of 2008, down from $407
million, or $1.19 per share, in the prior-year period. The results
missed the average estimate of 88 cents per share among analysts
polled by Thomson Reuters.
MedImmune opens U.K. facility
MedImmune Inc., of Gaithersburg, a biotechnology company focused
on developing and ...