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Banking & Finance
Key Reports It’s Improving as Corporate Citizen
Tuesday, September 16, 2014CLEVELAND -- KeyCorp, parent of KeyBank, extended $2.9 billion in financing to developments in underserved communities in the form of debt and equity, says its just-released 2013 corporate responsibility report.
The provider of financial services has some $92 billion in assets.
Mahoning Valley Auto Sales Flat in August
Thursday, September 11, 2014YOUNGSTOWN, Ohio -- Sales of new cars and trucks in Mahoning, Trumbull and Columbiana counties remained flat in August compared to a year earlier, according to the Automobile Dealers Association of Eastern Ohio's monthly report on auto sales.
Dealers in the three counties sold 2,591 new vehicles in August versus 2,592 sold that month in 2013.
Combined sales of new and used vehicles were also down slightly from a year ago, the report shows. Dealers last month sold 6,257 new and used cars and trucks compared to 6,321 last year, a decline of 1%.
Middlefield Banc Corp. to Trade on Nasdaq Wednesday
Monday, September 08, 2014MIDDLEFIELD, Ohio -- Common stock of the Middlefield Banc Corp., holding company of The Middlefield Banking Co., will begin trading on the Nasdaq Capital Market stock exchange effective with the opening of trading Sept. 10.
Shares will trade under the symbol MBCN.
PNC Launches Equipment Finance Group
Friday, September 05, 2014PITTSBURGH -- PNC Equipment Finance, a member of The PNC Financial Services Group Inc., has created a Structured Finance Solutions group, Rich Doherty, president of the subsidiary, announced Thursday.
The in-house group will provide strategic services and creative solutions to large corporations, midsize companies and government entities involved in complex financial transactions, Doherty said.
The group will focus on the energy, transportation, manufacturing, media, municipal and infrastructure sectors.
GM, Cruze Sales Decline, Big Month for Chrysler
Wednesday, September 03, 2014DETROIT -- General Motors Co. dealers delivered 272,423 vehicles in the United States in August, down 1.2% from last August -- the top sales month of 2013, the company reported this morning.
On the positive side, GM saw an 18% increase in truck sales compared to a year ago, a 10% increase in GMC deliveries and a 30% increase in commercial sales.
By comparison, Chrysler Group LLC said its August sales soard 19.8% from August 2013 while Ford Motor Co. said its year-over-year sales fell 0.4% last month.