Technology Report: Target website crashes for second time in six weeks

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	10/25/2011
Good afternoon Bit Shares of one-time Wall Street darling Netflix Inc plunged 34 percent in heavy trading, a day after the battered movie rental company warned of more subscriber defections and mounting costs. Target Corp's website crashed for the second time in six weeks, interrupting online shopping for the discount chain. The website also crashed on September 13, after an overwhelming rush to the site from shoppers interested in a new line of Missoni apparel and other goods. The New York Times is reporting that a virus has infected the computers in Japan's Parliament, prompting fears of the loss of sensitive information. Tony Fadell, known as the godfather of the iPod, has made a new thermostat with the help of a small army of engineers and designers from Apple Inc and other tech giants including Google Inc and Microsoft Corp. LATEST NEWS Target website crashes for second time in six weeks October 25, 2011 03:35 PM ET NEW YORK (Reuters) - Target Corp's TGT.N> website crashed for the second time in six weeks on Tuesday, interrupting online shopping for the discount chain. | Full Article iPod godfather builds new Nest in Silicon Valley October 25, 2011 03:18 PM ET SAN FRANCISCO (Reuters) - Tony Fadell, known as the godfather of the iPod, has made a new gadget with the help of a small army of engineers and designers from Apple Inc and other tech giants including Google Inc and Microsoft Corp. | Full Article Ex-Olympus CEO says in contact with FBI October 25, 2011 12:30 PM ET LONDON (Reuters) - The former chief executive of Olympus Corp said on Tuesday he was in contact with the U.S. Federal Bureau of Investigation (FBI), which is probing massive advisory fees linked to the Japanese company's takeover of a British company. | Full Article Panasonic to make smaller LCD panels as TV sales lag: report October 25, 2011 02:38 PM ET (Reuters) - Panasonic Corp will start manufacturing small and midsize LCD panels for tablet devices at its television panel production base next spring as business for larger displays worsens, the Nikkei business daily said. | Full Article Wall St. down on Europe fears, corporate outlook October 25, 2011 02:12 PM ET NEW YORK (Reuters) - Stocks fell on Tuesday after discouraging corporate outlooks cast a pall over the economy's outlook, while fresh doubts arose about European efforts to find a solution to the debt crisis. | Full Article BUSINESS NEWS ECB row, Italy flare on eve of euro rescue summit October 25, 2011 02:41 PM ET ROME/BERLIN (Reuters) - A flare-up over the European Central Bank and political turmoil in Italy kept the euro zone on edge on Tuesday on the eve of a summit meant to confront the currency bloc's worsening sovereign debt crisis. | Full Article Consumer confidence tumbles, home prices stagnate October 25, 2011 01:53 PM ET NEW YORK (Reuters) - Consumer confidence unexpectedly dropped to its lowest level in two-and-a-half years in October, while house prices were unchanged at low levels in August, suggesting the consumer is still struggling. | Full Article UPS sees higher profits in slow-growing economy October 25, 2011 11:59 AM ET (Reuters) - United Parcel Service reported a higher quarterly profit as increased pricing, cost cutting and technology improvements helped compensate for domestic shipping volume dulled by a sluggish economy, and it affirmed its outlook for record 2011 results. | Full Article Exclusive: IMF considering participation in EU bailout fund October 25, 2011 12:43 PM ET BRUSSELS (Reuters) - The International Monetary Fund is considering taking part in a special investment vehicle being proposed by the euro zone bailout fund but has not made a decision yet, euro zone officials said on Tuesday. | Full Article Libya gives Gaddafi inglorious secret burial October 25, 2011 03:27 PM ET TRIPOLI (Reuters) - Muammar Gaddafi and his son Mo'tassim were buried in a secret desert location on Tuesday, five days after the deposed Libyan leader was captured, killed and put on grisly public display. | Full Article U.S. TOP NEWS Quake rescuers save baby, Turkey requests aid U.S. advisers recommend Gardasil HPV shots for boys House Speaker Boehner assails Obama "reset" with Russia Republicans ask Obama to lead on China currency Millions of escaped bees shut down highway RELATED VIDEO The Digital Drum debuts in Uganda Jobs bio hits the best seller list Adventurers look to wind-power for Antarctic record attempt A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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