Business news briefs: PNC waiving fees triggered by apparent cyberattack

Share with others:


Print Email Read Later

PNC waiving fees triggered by apparent cyberattack

PNC Bank customers will not have to pay any PNC fees, such as overdraft fees, they may incur as a result of an apparent cyberattack on the bank's website in recent days that created problems for people trying to log into their accounts, spokesman Fred Solomon said Friday. A number of big banks have been hit recently by so-called denial of service attacks, which flood websites with communications requests. Problems began for PNC.com Wednesday, and customers continued to report "sporadic" access problems into Friday, Mr. Solomon said.

Some U.S. Steel workers ratify 3-year contract, USW says

The United Steelworkers union said more than 16,000 workers at U.S. Steel's U.S. sheet steel and iron ore operations ratified a three-year contract that provides a 2 percent wage increase next September and a 2.5 percent increase in January 2015. The contract expires Sept. 1, 2015. The steel producer said an identical contract covering about 1,000 workers at U.S. Steel's tubular plant in Lone Star, Texas, was also ratified.

August spending outpaces income growth, report says

The Commerce Department said Friday that consumer spending rose 0.5 percent in August from July even though their income grew only 0.1 percent. Much of the spending increase went to pay higher gas prices.

Also in business...

Mylan Inc. said it received regulatory approval for the generic version of Sanofi's Avapro and Avalide tablets. Both drugs are used to treat high blood pressure.

businessnews


You have 2 remaining free articles this month

Try unlimited digital access

If you are an existing subscriber,
link your account for free access. Start here

You’ve reached the limit of free articles this month.

To continue unlimited reading

If you are an existing subscriber,
link your account for free access. Start here