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November 5, 2013 | By Diane Pucin
On Friday, April 12, Dr. Neal ElAttrache of the Kerlan-Jobe Clinic in Los Angeles slept without trouble, which wouldn't be news except for one thing. The next day, ElAttrache had a pair of surgeries scheduled on athletes whose combined price tag this year alone is right around $48 million. On Friday, ElAttrache knew he would be performing an operation on the shoulder of star Dodgers pitcher Zack Greinke, who had broken his collarbone in a scuffle with San Diego's Carlos Quentin.
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BUSINESS
December 5, 2013 | By Jim Puzzanghera
WASHINGTON -- The economy grew at a surprisingly robust 3.6% annual rate from July through September, much faster than initially reported, the Commerce Department said Thursday. But much of the improvement was driven by a large buildup in inventories by businesses that is unlikely to continue. The growth in total economic output, or gross domestic product, in the third quarter of the year was the best since the first quarter of 2012. It was much higher than the 2.8% annual rate originally reported by the Commerce Department last month.
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BUSINESS
September 26, 2012 | By Andrew Tangel
U.S. Bancorp is the next major financial institution supposed to be targeted by a hacking group that has disrupted banks' online operations over the last two works. U.S. Bancorp is aware of the hacking group's stated plans to attack its website Wednesday, following its attack on Wells Fargo's online and mobile banking operations Tuesday, spokesman Tom Joyce said. "We're working very closely with law enforcement authorities on the issue," said Joyce, who declined to elaborate.  Recent cyber attacks have hit Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. The so-called denial of service attacks involve bombarding the bank's servers, causing them to slow down or seize up. Minneapolis-based U.S. Bancorp is the eighth-largest bank holding company by assets, according to Federal Reserve data.
SPORTS
November 5, 2013 | By Diane Pucin
On Friday, April 12, Dr. Neal ElAttrache of the Kerlan-Jobe Clinic in Los Angeles slept without trouble, which wouldn't be news except for one thing. The next day, ElAttrache had a pair of surgeries scheduled on athletes whose combined price tag this year alone is right around $48 million. On Friday, ElAttrache knew he would be performing an operation on the shoulder of star Dodgers pitcher Zack Greinke, who had broken his collarbone in a scuffle with San Diego's Carlos Quentin.
BUSINESS
December 5, 2013 | By Jim Puzzanghera
WASHINGTON -- The economy grew at a surprisingly robust 3.6% annual rate from July through September, much faster than initially reported, the Commerce Department said Thursday. But much of the improvement was driven by a large buildup in inventories by businesses that is unlikely to continue. The growth in total economic output, or gross domestic product, in the third quarter of the year was the best since the first quarter of 2012. It was much higher than the 2.8% annual rate originally reported by the Commerce Department last month.
BUSINESS
July 5, 2013 | By Jim Puzzanghera
WASHINGTON -- The government's unexpectedly strong June jobs report leaves the Federal Reserve on track to start tapering its bond-buying stimulus efforts as early as September, analysts said Friday. "The labor market has very strong momentum," Chris Rupkey, chief financial economist at the Bank of Tokyo-Mitsubishi in New York, said of the 195,000 net new jobs added last month. The figure, along with upward revisions to job growth in April and May, put the average monthly figure at 202,000 this year.
BUSINESS
May 3, 2013 | By Jim Puzzanghera
WASHINGTON -- Economists and investors breathed a sigh of relief Friday as the government reported better-than-expected job growth in April and boosted hiring figures for the previous two months. The 165,000 net new jobs added last month eased fears that the economic recovery was headed toward another spring slowdown after an initially disappointing March number. The Labor Department report fueled a major stock market rally. The Dow Jones industrial average shot up about 177 points in early trading to break 15,000 for the first time.
BUSINESS
May 4, 2013 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON - So much for a spring swoon. The economy created more jobs than expected in April and the government boosted hiring figures for the previous two months, easing fears that the recovery was headed for a significant slowdown. The Labor Department reported Friday that 165,000 net new jobs were added last month and sharply upgraded the totals for February and March by a combined 114,000 positions. The news sparked a market rally as key indexes vaulted to record highs. The unemployment rate ticked down one-tenth of a percentage point to 7.5%, the lowest level since December 2008.
BUSINESS
February 21, 2013 | By E. Scott Reckard, Los Angeles Times
Activist investors have succeeded for the first time in placing a shareholder resolution on the risks of greenhouse-gas emissions up for a vote at a major bank, a step toward making climate change an important consideration for corporations. The resolution, which follows years of protests over banks financing certain coal operations, is to be included in proxy material being sent to shareholders of PNC Financial Services Group of Pittsburgh before the bank's April 23 annual meeting.
BUSINESS
February 21, 2002 | Bloomberg News
The Securities and Exchange Commission has widened its investigation of PNC Financial Services Group's accounting, sending subpoenas to the company's auditor, Ernst & Young, and a company partner, American International Group Inc. The SEC has been investigating PNC's accounting for transactions intended to remove problem loans from its books. PNC stock rose 45 cents to $55.80 on the NYSE.
BUSINESS
July 5, 2013 | By Jim Puzzanghera
WASHINGTON -- The government's unexpectedly strong June jobs report leaves the Federal Reserve on track to start tapering its bond-buying stimulus efforts as early as September, analysts said Friday. "The labor market has very strong momentum," Chris Rupkey, chief financial economist at the Bank of Tokyo-Mitsubishi in New York, said of the 195,000 net new jobs added last month. The figure, along with upward revisions to job growth in April and May, put the average monthly figure at 202,000 this year.
BUSINESS
May 4, 2013 | By Jim Puzzanghera, Los Angeles Times
WASHINGTON - So much for a spring swoon. The economy created more jobs than expected in April and the government boosted hiring figures for the previous two months, easing fears that the recovery was headed for a significant slowdown. The Labor Department reported Friday that 165,000 net new jobs were added last month and sharply upgraded the totals for February and March by a combined 114,000 positions. The news sparked a market rally as key indexes vaulted to record highs. The unemployment rate ticked down one-tenth of a percentage point to 7.5%, the lowest level since December 2008.
BUSINESS
May 3, 2013 | By Jim Puzzanghera
WASHINGTON -- Economists and investors breathed a sigh of relief Friday as the government reported better-than-expected job growth in April and boosted hiring figures for the previous two months. The 165,000 net new jobs added last month eased fears that the economic recovery was headed toward another spring slowdown after an initially disappointing March number. The Labor Department report fueled a major stock market rally. The Dow Jones industrial average shot up about 177 points in early trading to break 15,000 for the first time.
BUSINESS
February 21, 2013 | By E. Scott Reckard, Los Angeles Times
Activist investors have succeeded for the first time in placing a shareholder resolution on the risks of greenhouse-gas emissions up for a vote at a major bank, a step toward making climate change an important consideration for corporations. The resolution, which follows years of protests over banks financing certain coal operations, is to be included in proxy material being sent to shareholders of PNC Financial Services Group of Pittsburgh before the bank's April 23 annual meeting.
BUSINESS
September 26, 2012 | By Andrew Tangel
U.S. Bancorp is the next major financial institution supposed to be targeted by a hacking group that has disrupted banks' online operations over the last two works. U.S. Bancorp is aware of the hacking group's stated plans to attack its website Wednesday, following its attack on Wells Fargo's online and mobile banking operations Tuesday, spokesman Tom Joyce said. "We're working very closely with law enforcement authorities on the issue," said Joyce, who declined to elaborate.  Recent cyber attacks have hit Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. The so-called denial of service attacks involve bombarding the bank's servers, causing them to slow down or seize up. Minneapolis-based U.S. Bancorp is the eighth-largest bank holding company by assets, according to Federal Reserve data.
BUSINESS
February 11, 2005 | From Associated Press
Salvaging a deal that had appeared dead this week, PNC Financial Services Group Inc. struck an agreement to pay about $642 million in cash and stock for Riggs National Corp., an old-line Washington institution that ran into legal trouble over suspicious financial transactions. PNC said that it had agreed to pay $20 a share for Riggs, $4.25 less than the price announced in the summer before Riggs ran into regulatory trouble.
BUSINESS
January 1, 2009 | From Times Wire Reports
PNC Financial Services Group Inc. said it has completed its acquisition of National City Corp., a Cleveland-based bank that traces its origins to 1845. Pittsburgh-based PNC is the first bank to use funds obtained through the government's $700-billion bailout program to make an acquisition. The $5.6-billion deal was announced Oct. 24. National City had been Ohio's largest bank.
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