| PNC Reports 2007 Net Income of $1.5 Billion and Adjusted Net Income of ...
PNC Reports 2007 Net Income of $1.5 Billion and Adjusted Net Income of $1.7 Billion Adjusted net income excludes costs of integration, BlackRock incentive shares and Visa litigation PITTSBURGH, Jan. 17 /PRNewswire-FirstCall/ -- The PNC Financial Services Group, Inc. (NYSE: PNC) today reported 2007 net income of $1.5 billion, or $4.35 per diluted share, compared with 2006 net income of $2.6 billion, or $8.73 per diluted share. Net income for 2006 included a $1.3 billion after-tax gain from the BlackRock/Merrill Lynch Investment Managers (MLIM) transaction. Net income for the fourth quarter of 2007 was $178 million, or $.52 per diluted share, compared with $376 million, or $1.27 per diluted share, in the fourth quarter of 2006. "PNC had a good year in 2007 given the operating environment.
MasterCard Europe and Europay France to Integrate Operations in France
PARIS, and WATERLOO, Belgium, Jan. 8 /PRNewswire-FirstCall/ -- MasterCard Europe and Europay France today announced an agreement to integrate their operating structures in France, a priority market for MasterCard in Europe. The integration will support French banks' efforts to provide competitive payment services. Under the terms of the agreement, a new company is to be formed. Additional terms of the agreement have not been disclosed. The transaction is expected to be completed on April 1, 2008 and will enable French and international banks in France to benefit from a direct relationship with MasterCard Europe for payment services. The two businesses have a history of combining their strengths, with MasterCard International and Europay International having merged their pan-European activities in 2002.
Levy's bill would curb judges
She was elected for two terms without Republican opposition. The Libertarian candidate received less than 20% of the vote in both campaigns. The public becomes directly involved at caucus the 5th of February. That is when you can vote. You don't have to and shouldn't wait until November. .
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