Technology Report: Hackers could shut down train lines: expert

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	12/28/2011
Good afternoon Bit The iTV "might be the most anticipated product Apple will ever launch", and it seems everyone has an opinion about it, writes Gigaom's Ryan Lawler. Apple will win in TV the same way it won with the iPhone — by having a compelling platform for app developers, he says. Microsoft's Windows Phone OS "hasn't made much of a splash in 2011", says ex-Windows Phone evangelist Charlie Kindel. "Microsoft's approach with WP7 has a impedance mismatch with the carriers and device manufacturers while Google's approach reduces friction with carriers and device manufacturers at the expense of end users," his blog says. Netflix and the Gap were among the worst performers in customer satisfaction among the largest online retailers this holiday season, according to a survey released on Wednesday. Meanwhile, U.S. consumers spent more than $35 billion online this holiday season, up 15 percent from the same period last year, comScore estimated on Tuesday. It's official: Here are Jason Hirschhorn and Paul Carr's top fourteen worst media/tech headline clichés of 2011. LATEST NEWS Hackers could shut down train lines: expert December 28, 2011 05:50 AM ET BERLIN (Reuters) - Hackers who have shut down websites by overwhelming them with Web traffic could use the same approach to shut down the computers that control train switching systems, a security expert said at a hacking conference in Berlin. | Full Article Netflix, Gap lag in customer satisfaction online December 28, 2011 01:37 PM ET (Reuters) - Netflix Inc and Gap Inc were among the worst performers in customer satisfaction among the largest online retailers this holiday season, according to a survey released on Wednesday. | Full Article Huawei CEO's message presages management transition December 28, 2011 09:20 AM ET HONG KONG (Reuters) - Huawei Technologies Co Ltd, a $30 billion Chinese telecoms gear maker, has initiated a system this year to allow top executives to take turns acting as chief executive, its founder and CEO Ren Zhengfei said in a year-end message. | Full Article LG Display plant in eastern China hit by strike December 28, 2011 08:25 AM ET BEIJING/SEOUL (Reuters) - Workers at an LG Display factory in eastern China have gone on strike, halting some production, the company said on Wednesday, in the latest action by China's increasingly assertive workforce. | Full Article LCD makers settle price-fixing case for $553 million December 27, 2011 02:46 PM ET (Reuters) - Samsung Electronics Co, Sharp Corp and five other makers of liquid crystal displays agreed to pay more than $553 million to settle consumer and state regulatory claims that they conspired to fix prices for LCD panels in televisions, notebook computers and monitors. | Full Article BUSINESS NEWS Wall Street drops on worries about Europe December 28, 2011 02:59 PM ET NEW YORK (Reuters) - Stocks fell on Wednesday after a hefty year-end rally and the S&P 500 erased gains for the year as investors shifted focus to what is expected to be a difficult start to 2012. | Full Article Retail sales resilient in final holiday stretch December 28, 2011 03:03 PM ET (Reuters) - Retail sales look poised for a solid finish to the holiday season as consumers hit stores and went online to snap up last-minute gifts and deals, according to data released on Wednesday. | Full Article Whistleblower documents illuminate case against BNY Mellon December 28, 2011 01:20 PM ET NEW YORK (Reuters) - Confidential whistleblower documents that helped spark a massive state and federal investigation into how Bank of New York Mellon Corp charged pension funds for currency exchange, provide a rare window into how a bank insider aided a lawsuit against the bank. | Full Article Italy short-term debt costs halve at auction December 28, 2011 12:24 PM ET MILAN (Reuters) - Italy's short-term debt costs halved at auction Wednesday as a new austerity package and an injection of cheap long-term money from the European Central Bank won Rome some respite in thin year-end markets. | Full Article Deutsche Boerse, NYSE extend merger deadline to sway Europe December 28, 2011 08:23 AM ET LONDON (Reuters) - Deutsche Boerse and NYSE Euronext have extended the deadline for completion of their planned merger to March 31 next year as they seek to convince European regulators to back the $9 billion deal. | Full Article U.S. TOP NEWS Snow and tears mark funeral for North Korean leader Obama taps economist, banker as Fed governors Analysis: China needs new policy course as capital tide turns U.S. Fifth Fleet says won't allow Hormuz disruption "Nothing frightening" seen in Syria protest hotbed: monitor RELATED VIDEO Israeli bird radar technology promises clear skies for pilots Tech trends for 2012 Botanists drop Latin to save plants A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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