IN BRIEF
PITTSBURGH -- Shareholders of PNC Financial Services Group and National City have approved a merger of the two banks.
Shareholders voted on the merger Tuesday morning. PNC shareholders met in Pittsburgh. National City shareholders met in Cleveland.
Cleveland-based National City is being acquired by PNC for $5.6 billion. PNC is the first U.S. bank to use money obtained under the government's $700 billion bailout program to make an acquisition.
CLEVELAND -- American Greetings swung to a third-quarter loss as hefty charges, a decline in sales, and a tough economy hurt quarterly results for the greeting card company.American Greetings posted a loss of $193.3 million, or a loss of $4.25 per share, compared with a profit of $29 million, or 52 cents per share, last year.Sales fell 6.5 percent to $454.1 million from $485.8 million.American Greetings says it is unable to provide an earnings outlook for the rest of its fiscal year because of uncertainty.
