Business news briefs: Citizens Bank website users report login issues
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Citizens Bank website users report login issues
Customers of Citizens Bank were having intermittent problems accessing their online and mobile banking accounts Thursday and Friday following a denial of service attack, according to the bank's Facebook page. Such attacks, which have been hitting big U.S. banks more frequently in recent months, work by flooding websites with communications requests. "We apologize for the inconvenience and appreciate your patience," the bank reported, adding that no customer accounts had been compromised. Customers were asked to call 1-800-922-9999 for help or to visit a branch or ATM.
Dec. new-home sales down from Nov. rate
The Commerce Department said Friday that new-home sales fell 7.3 percent last month to a seasonally adjusted annual rate of 369,000. That's down from November's rate of 398,000, which was the fastest in 2 1/2 years. For the year, sales rose nearly 20 percent to 367,000. That's the most since 2009. Sales are still below the 700,000 level that economists consider healthy.
Hasbro says Q4 revenue weak, planning cuts
Toy maker Hasbro said Friday that its fourth-quarter revenue failed to meet expectations because of weaker-than-expected demand over the holidays. It plans to cut about 10 percent of its workforce, or about 550 people, and consolidate facilities to reduce expenses. The company will report its fourth-quarter and full-year financial results Feb. 7.
France OKs word for hashtag
The French government is redefining "hashtag" with a Gallic touch. The country that has an academy devoted solely to the use of the French language has given its official seal of approval to a new word for the Twittersphere: mot-diese, pronounced "Mo-Dee-YEZ." The French word for hashtag follows the government's somewhat successful redefinition of email -- courriel.
Verizon sells spectrum to AT&T for $1.9 billion
Verizon Wireless said Friday that it's selling space on the airwaves to AT&T Inc. in exchange for $1.9 billion and the transfer of some airwave rights from AT&T. The sale of spectrum rights will let AT&T expand its capacity for wireless broadband. The deals are part of a yearlong spectrum reshuffling process for Verizon and AT&T. Public Knowledge, a Washington-based public-interest group, called on the Federal Communications Commission to stop the deal, as it's a transfer of spectrum between the two biggest cellphone carriers.
First Published January 26, 2013 12:00 am