Slashdot Mirror

Glyn Moody (946055) writes "The main claims about likely economic gains from concluding the US-EU trade agreement TAFTA/TTIP, billed as a 'once-in-a-generation prize,' are increasingly under attack. BEUC, representing 41 consumer organizations from 31 European countries, has written a letter to the EU Trade Commissioner responsible for the negotiations, Karel De Gucht, complaining about his 'exaggeration of the effects of the TTIP,' and 'use of unsubstantiated figures regarding the job creation potential.' In a blog post entitled 'Why Is It So Acceptable to Lie to Promote Trade Deals?,' Dean Baker, co-director of the Center for Economic and Policy Research in Washington, has even harsher words: 'Implying that a deal that raises GDP by 0.4 or 0.5 percent 13 years out means "job-creating opportunities for workers on both continents" is just dishonest. The increment to annual growth is on the order of 0.03 percentage points. Good luck finding that in the data.' If the best-case outcome is just 0.03% extra growth per year, is TAFTA/TTIP worth the massive upheavals it will require to both US and EU regulatory systems to achieve that?"

Glyn Moody (946055) writes "The Transatlantic Trade and Investment Partnership (TTIP), potentially the world's biggest trade agreement, has been negotiated behind closed doors for nearly a year now. Apart from what we learn from a few official releases — and an increasing number of leaks — we still don't really know what is being agreed in the name of 800 million people in the U.S. and EU. When a peaceful anti-TTIP protest was held outside yet another closed-doors meeting in Belgium, the local police sent in the water cannons and arrested nearly 300 people in what seems an extreme over-reaction. Will TTIP turn into the next ACTA revolt?"

Qedward writes "Stoke-on-Trent City Council is sending texts to obese people in the area to help motivate them to lose weight. Examples of the texts sent include 'aim to eat a variety of fruit and vegetables each day,' 'aim to eat regular meals and keep a check on snacks and drinks' and 'maybe walk to the shops or use the stairs more often.' Over 100,000 people in the region are overweight or obese, the council said, and the texts are for those who are aged at least 18, have a body mass index of 25 or over and who have proactively signed up to receive the motivational messages."

An anonymous reader writes "The head of delivery for the UK's Department for Work and Pensions' flagship welfare reform project, Universal Credit, has said that the department didn't adopt open source and web-based technologies at the beginning of the project because 'such things weren't available' two and a half years ago. Howard Shiplee told the Work and Pensions Committee this week that the department is now using open source technologies in its enhanced version of Universal Credit, which was initially developed by the Government Digital Service (GDS) and will be rolled out nationally by 2017 for most claimants. The existing system being used in pathfinder pilots and developed by the likes of IBM, HP and Accenture will be largely be replaced by the digital version."

jrepin writes "The fundamental premise of the latest Software Alliance study — that licensed, proprietary software is better in many ways than pirated copies — actually applies to open source software even more strongly, with the added virtues that the software is free to try, to use and to modify. That means the potential economic impact of free software is also even greater than that offered by both licensed and unlicensed proprietary software. It's yet another reason for governments around the world to promote the use of open source in their countries by everyone at every level."

kxra writes "The Free Culture Foundation has posted a thorough response to the most common and misinformed defenses of the W3C's Extended Media Extensions (EME) proposal to inject DRM into HTML5. They join the EFF and FSF in a call to send a strong message to the W3C that DRM in HTML5 undermines the W3C's self-stated mission to make the benefits of the Web 'available to all people, whatever their hardware, software, network infrastructure, native language, culture, geographical location, or physical or mental ability.' The FCF counters the three most common myths by unpacking some quotes which explain that 1.) DRM is not about protecting copyright. That is a straw man. DRM is about limiting the functionality of devices and selling features back in the form of services. 2.) DRM in HTML5 doesn't obsolete proprietary, platform-specific browser plug-ins; it encourages them. 3.) the Web doesn't need big media; big media needs the Web." Also: the FSF has announced that a coalition of 27 web freedom organizations have sent a joint letter to the W3C opposing DRM support in HTML5.

Qedward writes "Virgin Atlantic is preparing for a significant increase in data as it embraces the Internet of Things, with a new fleet of highly connected planes each expected to create over half a terabyte of data per flight. IT director David Bulman said: 'The latest planes we are getting, the Boeing 787s, are incredibly connected. Literally every piece of that plane has an internet connection, from the engines, to the flaps, to the landing gear. If there is a problem with one of the engines we will know before it lands to make sure that we have the parts there. It is getting to the point where each different part of the plane is telling us what it is doing as the flight is going on. We can get upwards of half a terabyte of data from a single flight from all of the different devices which are internet connected.'"

WebMink writes "Is it possible that the CEO of the company that's trying to file a trademark on 'Python' was unaware of Python's importance as a programming technology? That's what he claims — despite running a hosting company that's trying to break into cloud computing, where Python is used extensively. Still, he also regards the Python Software Foundation as a hostile American company and thinks that getting attention from half the world's geeks is a DDoS. From the article: '[The CEO, Tim Poultney,] confirmed that he'd not involved any technical staff in the decisions he'd made about the Python product brand, and told me he regretted that as it would probably have helped him understand the likely reaction to his trademark challenge. ... He said he now understood how offended the global developer community are and told me there was obviously only one outcome that was now possible.'"

Qedward writes "Glyn Moody looks at the proposed EU directive on Data Protection — and how some of the proposed amendments seem to be cut and pasted directly from the American Chamber of Commerce — that well-known European organisation... You might ask, Glyn writes, who are these MEPs representing — some 500 million EU citizens that pay their salary or a bunch of extremely rich U.S. companies intent on taking away our privacy?" Lobbyplag lets you look at which lobbyist wrote each part of the bill. Fears of the U.S. exerting undue influence seem to be justified.

Qedward writes "As the UK prepares to shake up the way computer science is taught in schools, Redmond is warning that the UK risks falling behind other countries in the race to develop and nurture computing talent, if 'we don't ensure that all children learn about computer science in primary schools.' With 100,000 unfilled IT jobs but only 30,500 computer science graduates in the UK last year, MS believes: 'By formally introducing children to computer science basics at primary school, we stand a far greater chance of increasing the numbers taking the subject through to degree level and ultimately the world of work.'"

Qedward writes "Internet access is as crucial to everyday life as having a phone connection and the loss of connectivity is deserving of financial compensation, the German Federal Court of Justice has ruled. Because having an internet connection is so significant for a large part of the German population, a customer whose service provider failed to provide connectivity between December 2008 and February 2009 is entitled to compensation, the court ruled today. 'It is the first time the court ruled that an internet connection is as important a commodity as having a phone,' said court spokeswoman Dietlind Weinland. The court, however, denied the plaintiff's request of €50 a day for his fax machine not working."

Qedward writes with this except from Computerworld UK: "Germany should change a law to enable public administrations to make their software available as free and open source, a German parliamentary committee has advised. German public administrations currently are not allowed to give away goods, including software, said Jimmy Schulz, a member of Parliament and chairman of the Interoperability, Standards and Free Software Project Group. The current law prohibits governments from being part of the development process in the free software community, he said. 'This is a clear disadvantage because it cuts off all benefits obtained from free software, such as being cost-efficient and state-of-the-art,' he said. Besides a recommendation that the government should explore whether the law can be changed for software, the group also called for the use of open standards in order to make sure that everybody can have access to important information, Schulz said. 'We also called for public administrations in general to make sure that new software is created as platform independent as possible,' he added. While the project group is not in favour of giving priority to one type of software over another, it said in its recommendation to the Parliament earlier this week that free and open source software could be a viable alternative to proprietary software." I think a fair rule is that, barring extraordinary and demonstrated need, all tax dollars for software should go only for the development of software for which source is available gratis to all taxpayers, and that secret-source software makers are free to change to fit this requirement any time they'd like to have their software considered for a bid.

Qedward writes "The Norwegian Ministry of Finance seems to be taking a bit of stick at the moment. It wants all the existing cash registers in the country thrown out and replaced with new ones. Not surprisingly, this massive upgrade is not popular. But it is apparently being pushed through in an attempt to prevent cash registers' figures being massaged downwards in use so as to reduce tax. The Norwegian association of tax auditors said: 'The source code must be opened.' 'Without source code it is not possible to determine whether or "hidden" functionality exists or not. Just knowing that the tax authorities have access to the source code of the application, will reduce the effort to implement hidden functionality in the software.'"

Qedward writes "Software developed by the FBI and Ernst & Young has revealed the most common words used in email conversations among employees engaged in corporate fraud. The software, which was developed using the knowledge gained from real life corporate fraud investigations, pinpoints and tracks common fraud phrases like 'cover up,' write off,' 'failed investment,' 'off the books,' 'nobody will find out' and 'grey area'. Expressions such as 'special fees' and 'friendly payments' are most common in bribery cases, while fears of getting caught are shown in phrases such as 'no inspection' and 'do not volunteer information.'"

jrepin writes "While the UK has seen the light, the EU has actually gone backwards on open standards in recent times. The original European Interoperability Framework required royalty-free licensing, but what was doubtless a pretty intense wave of lobbying in Brussels overturned that, and EIF v2 ended up pushing FRAND, which effectively locks out open source — the whole point of the exercise. Shamefully, some parts of the European Commission are still attacking open source."

Qedward writes "A high court judge has ruled that companies do not have a general claim of ownership of the content contained in staff emails. The decision creates a potential legal minefield for the terms of staff contracts and an administrative nightmare for IT teams running email servers, back up and storage. The judge ruled businesses do not have an 'enforceable proprietary claim' to staff email content unless that content can be considered to be confidential information belonging to a business, unless business copyright applies to the content, or unless the business has a contractual right of ownership over the content. Justice Edwards-Stuart added it was 'quite impractical and unrealistic' to determine that ownership of the content of emails either belongs exclusively to the creator or the recipient of an email."

Qedward writes "France may introduce a law to make Google pay to republish news snippets if it doesn't strike a deal with French news publishers before the end of the year, the office of French President François Hollande said. French publishers want to share in the revenue that Google earns from advertising displayed alongside their news snippets in search results. Readers are often satisfied by reading the headline and summary published by Google News, and don't feel the need to click through to the news site, the publishers say. In this way, Google profits and the content creators don't. The publishers want to be able to charge Google to compensate them for ad revenue losses."

Qedward writes "Open source writer Glyn Moody discusses the Draft Communications Bill (aka Snooper's Charter) in the UK and how the Joint Parliamentary Committee that had been considering the bill received almost 19,000 emails during its consultation period. He notes: 'Out of 19,000 emails received by the Committee on the subject of the proposed Draft Communications Bill, not a single one was in favor of it, or even agreed with its premise. Has there ever been a bill so universally rejected by the public in a consultation? Clearly, it must be thrown out completely.'"

concertina226 writes with interesting news from France. From the article: "French government agencies could become more active participants in Free Software projects, under an action plan sent by Prime Minister Jean-Marc Ayrault in a letter to ministers (PDF, and in French of course), while software giants Microsoft and Oracle might lose out as the government pushes Free Software such as LibreOffice or PostgreSQL in some areas. ... He also wants them to reinvest between 5 percent and 10 percent of the money they save through not paying for proprietary software licenses, spending it instead on contributing to the development of the free software. The administration already submits patches and bug fixes for the applications it uses, but Ayrault wants to go beyond that, contributing to or paying for the addition of new functionality to the software."

Qedward writes "Freedom to go under a pseudonym is, miraculously, one freedom to survive the security lock-down of the previous decade. Now Facebook wants to change this. James Firth shows Facebook is clamping down on pseudonyms, with an interesting screenshot of being asked whether a friend is using their real name."

WebMink writes "Back in 2009, Apple signed an agreement aimed at reducing electronic waste resulting from mobile phone accessories. But this week's launch of the iPhone 5 shows them reneging on that commitment. Instead of including a micro-USB connector on the iPhone, as they agreed to do along with the rest of the phone industry, they created yet another proprietary connector. At a stroke, they have junked earlier iPhone accessories, forced a new industry in Apple-only accessories to arise and broken their promise to the EC. It's a huge missed opportunity both for their customers and for the environment."

Qedward writes with the apparent downside of bring-your-own-device policies. From the article: "Many employees are working up to 20 additional hours per week unpaid as a result of bring your own device (BYOD) policies adopted by their firms, many of which have no security safeguards. According to the quarterly Mobile Workforce Report from enterprise Wi-Fi access firm iPass, a third of mobile enterprise workers never fully disconnect from technology during their during personal time The report also said that 92% of mobile workers 'enjoy their job flexibility' and are 'content' with working longer hours. In fact, said the report, 42% would like 'even greater flexibility for their working practices.' But 19% of mobile workers said their companies did not require security on smartphones or tablets to access work data."

Qedward writes "Motorists are being invited to help develop a new driving app that could earn them a discount of 'up to 20%' on their motor insurance. British insurer Aviva is using smartphone technology to create individual driver profiles that will be used to calculate tailored pay-how-you-drive premiums. The driver behavioral app, Aviva RateMyDrive, will monitor motorists taking part in the test for 200 miles, including acceleration, braking and cornering. This data is then turned into an individual score which helps determine the motorist's premium, with 'safer' drivers earning up to 20% off their deal."

Qedward writes "The Kingdom of Saudi Arabia has objected to a variety of new generic top-level domains (gTLDs) ranging from .porn and .sexy to .wine and .bar and .bible, according to records of the Internet Corporation for Assigned Names and Numbers (ICANN). The organisation said in June it had received 1930 applications for gTLD 'strings,' of which 911 came from North America and 675 from Europe. Saudi Arabia's Communication and Information Technology Commission, the IT and communications regulator, has objected to the .gay string and asked ICANN to refuse the application for the new gTLD. 'Many societies and cultures consider homosexuality to be contrary to their culture, morality or religion,' CITC said. 'The creation of a gTLD string which promotes homosexuality will be offensive to these societies and cultures,' it added."

Qedward writes "The BBC has revealed that on the busiest day of its London 2012 Olympics coverage it delivered 2.8 petabytes worth of content, peaking when Bradley Wiggins won gold, where it shifted 700Gb/s. It has also said that over a 24-hour period on the busiest Olympic days it had more traffic to bbc.co.uk than it did for the entire BBC coverage of the FIFA World Cup 2010 games. They revealed they had 106 million requests for BBC Olympic video content, which included 12 million requests for video on mobile devices across the whole of the Games. Mobile saw the most uptake at around 6pm when people had left the office but still wanted to keep informed of the latest action. Tablet usage, however, reached a peak at around 9pm, where people were using it as a second screen or as they continued to watch the games in bed."

Qedward writes with this excerpt about the EU approach to E-waste: "A European Union law that will require all large electronic retailers to take back old equipment came into force yesterday. The new rules are part of a shake-up of the Waste Electrical and Electronic Equipment Directive and will gradually be implemented across the EU over the next seven years. Waste electrical and electronic equipment, or WEEE, is one the fastest growing waste streams in the EU, but currently only one-third of electrical and electronic waste is separately collected and appropriately treated. Systematic collection and proper treatment is essential for recycling materials like gold, silver, copper and rare metals in used TVs, laptops and mobile phones."

Qedward writes "Certainly not the first country to raise concerns, but Facebook's facial recognition feature will now be investigated by the Norwegian Data Protection Agency. Last year, Facebook added the ability to use facial recognition technology to help to tag images as a default feature to users worldwide. Ove Skåra, communications manager at the Norwegian Data Protection Agency or Datatilsynet said: 'Facial recognition, is a technology that it is important to have critical view of, and see how it is actually used.' Outside of Europe, U.S. Senator Al Franken, chairman of the Senate Judiciary Committee's privacy subcommittee, called on Facebook to turn off the feature by default in July."

DerekduPreez writes "Sellers on Amazon's retail site are increasingly using high-speed algorithmic trading tools to automatically set prices, which could lead to a malfunction similar to the 2010 flash crash. According to the Financial Times, prices on Amazon's website change as often as every 15 minutes, where sellers are using tools traditionally developed by data miners at banks to ensure that their prices are always below their rivals'. Third-party software is allowing sellers to detect a competitor's price and automatically undercut that price by, for example, £1. However, this could lead to a situation similar to the U.S. flash crash, where algorithmic trading was blamed for stock prices falling to near zero and then bouncing back within 20 minutes." At Slashdot's sister site for Business Intelligence, Nick Kolakowski has some more information on this possibility.

DerekduPreez writes "Sellers on Amazon's retail site are increasingly using high-speed algorithmic trading tools to automatically set prices, which could lead to a malfunction similar to the 2010 flash crash. According to the Financial Times, prices on Amazon's website change as often as every 15 minutes, where sellers are using tools traditionally developed by data miners at banks to ensure that their prices are always below their rivals'. Third-party software is allowing sellers to detect a competitor's price and automatically undercut that price by, for example, £1. However, this could lead to a situation similar to the U.S. flash crash, where algorithmic trading was blamed for stock prices falling to near zero and then bouncing back within 20 minutes." At Slashdot's sister site for Business Intelligence, Nick Kolakowski has some more information on this possibility.

Qedward writes "The European Parliament's trade committee, INTA, voted on Thursday not to postpone a crucial parliamentary vote on the controversial Anti-Counterfeiting Trade Agreement. The committee also decided, by 19 votes to 12, to recommend to the Parliament that the trade deal be rejected. INTA is the lead committee examining the international agreement, and its recommendation will carry weight with the rest of the Parliament. The Parliamentary plenary vote on the treaty is now scheduled for July 3."

Glyn Moody writes "We hear a lot about politicians and countries rejecting ACTA, but not so much from the treaty's supporters. Here's a new site, called 'ACTA Facts,' which invites Europeans to 'get the facts' on how wonderful ACTA really is. Judging by its content, this one will be about as successful as Microsoft's 'Get the Facts' campaign a few years ago, which tried to dissuade people from using GNU/Linux. For example, a new report linked to by the site claims that ACTA could 'boost European output by a total of €50 billion, and create as many as 960,000 new jobs.' Unfortunately, that's based on numerous flawed assumptions, including the idea that countries like China and India are going to rush to join ACTA, when the treaty is actually designed as a weapon against them, as they have already noticed."

concertina226 writes "The European Commission announced on Thursday that it has asked the European Court of Justice to impose fines on Belgium, the Netherlands, Poland, Portugal and Slovenia for not transposing binding telecoms rules into their national laws. The official deadline for doing so was 25 May last year. These telecoms rules are aimed at protecting users' privacy online. They also require companies to notify users about any data breach without undue delay and to allow customers to switch fixed or mobile phone operators without changing their phone number, within one working day. But the main sticking point in the telecoms package appears to be the requirement for Web companies to obtain 'explicit consent' from Internet users before storing cookies."

Qedward writes "Last month it was reported on slashdot that a third of workers at a British telecoms company were 'more productive' working from home during a telecommuting experiment to prepare for the London 2012 Olympics. A more recent study reveals almost two-thirds of mobile employees say they are working 50+ and 60+ hour weeks, with most also working weekends. It also has security implications, with most mobile workers saying they will do anything to get an internet connection, including hijacking unsecure networks. The problem of needing a connection has also led to an increase in workers waking up through the night due to stress."

DerekduPreez writes "The UK government has finally unveiled the second iteration of its Cloudstore after a number of delays, and has reneged on its pledge to make version 2.0 open source. Cloudstore is an online catalogue that the public sector can use to procure cloud services provided by suppliers signed up to the G-Cloud framework. The first version of the Cloudstore was unveiled in February. Computerworld UK spoke to former G-Cloud director Chris Chant shortly after the first release, who was at the time also overseeing the second iteration. He stated during his interview that Cloudstore 2.0 would be go live in April and it would be built using open source code. However, following weeks of delays, the Cabinet Office has now confirmed that the second iteration also isn't open source."

DerekduPreez writes "The UK government has finally unveiled the second iteration of its Cloudstore after a number of delays, and has reneged on its pledge to make version 2.0 open source. Cloudstore is an online catalogue that the public sector can use to procure cloud services provided by suppliers signed up to the G-Cloud framework. The first version of the Cloudstore was unveiled in February. Computerworld UK spoke to former G-Cloud director Chris Chant shortly after the first release, who was at the time also overseeing the second iteration. He stated during his interview that Cloudstore 2.0 would be go live in April and it would be built using open source code. However, following weeks of delays, the Cabinet Office has now confirmed that the second iteration also isn't open source."

strawberryshakes writes "The death knell for IE6 was sounded a couple of years ago, but seems like some people just can't let go. Many UK government departments are still using IE6, which is so old — 11 years old to be exact — it can't cope with social media — which the government is trying to get its staff to use more to engage with citizens."

strawberryshakes writes "The death knell for IE6 was sounded a couple of years ago, but seems like some people just can't let go. Many UK government departments are still using IE6, which is so old — 11 years old to be exact — it can't cope with social media — which the government is trying to get its staff to use more to engage with citizens."

Qedward writes "The Metropolitan Police has rolled out a mobile device data extraction system to allow officers to extract data 'within minutes' from suspects' phones while they are in custody. 'Ostensibly, the system has been deployed to target phones that are suspected of having actually been used in criminal activity, although data privacy campaigners may focus on potentially wider use.'"

concertina226 writes "Yahoo has announced that board member Patti Hart, who led the committee that hired CEO Scott Thompson, will be stepping down. Hart has been under fire for overseeing the hiring of Thompson, whose resume wasn't fully vetted. I know some of you on Slashdot think that Scott Thompson didn't do anything wrong by claiming he had a computer science degree on his CV when he doesn't, but don't you think it's kind of weird that the guy who lied gets to keep his job as CEO, yet this director is being made a scapegoat? It just sends out the message that it's cool to pretend to have qualifications that you don't have."

Qedward writes "Chief operating officer Kevin Turner says Microsoft will be 'carbon neutral across all our direct operations including data centers, software development labs, air travel, and office buildings' from July 1, the start of the 2012 fiscal year. Turner added: 'We are hopeful that our decision will encourage other companies, large and small, to look at what they can do to address this important issue."

New submitter DerekduPreez writes "Microsoft has revealed that it will increase volume licencing prices in the UK by an average of 29 percent to adjust for the 'sustained currency differences between European countries'. UK businesses have until 1st July to place their orders under the current prices before the changes take effect. Microsoft claims that because of sustained differences between the British Pound and the Euro, price spikes are necessary to maintain consistency across the region. Microsoft also confirmed that it could not rule out future increases, as it will continue to monitor currency movements and may make further adjustments if there are large fluctuations."

New submitter DerekduPreez writes "Microsoft has revealed that it will increase volume licencing prices in the UK by an average of 29 percent to adjust for the 'sustained currency differences between European countries'. UK businesses have until 1st July to place their orders under the current prices before the changes take effect. Microsoft claims that because of sustained differences between the British Pound and the Euro, price spikes are necessary to maintain consistency across the region. Microsoft also confirmed that it could not rule out future increases, as it will continue to monitor currency movements and may make further adjustments if there are large fluctuations."

Qedward writes "The European Parliament has approved the controversial data transfer agreement, the bilateral PNR (passenger name register), with the US which requires European airlines to pass on passenger information, including name, contact details, payment data, itinerary, email and phone numbers to the Department of Homeland Security. Under the new agreement, PNR data will be 'depersonalized' after six months and would be moved into a 'dormant database' after five years. However the information would still be held for a further 15 years before being fully 'anonymized.'"

Qedward writes in with a link about the gap between the tech side of business and the bean counters. "CIOs are being dismissed by CEOs as too techie and not aligned with business activities. According to recent Gartner survey of 220 CEOs across the world, business leaders expect spending on IT to rise, but without a corresponding rise in the importance of the role of the CIO within the organization. CIOs appear to be failing in the eyes of CEOs in terms of alignment with the rest of the business. The research showed the stereotype of the head of IT being too preoccupied with technical issues to be effective business leaders persists. He said they were perceived as unable to bring a breadth of business perspective to the table."

Qedward writes "British telecoms operator O2 has found that 88% of its staff are just as productive working remotely, while one-third claimed that they actually got more work done when they worked from home. 3,000 employees at O2's head office took part in a program that had them to work from home for one day, as practice for problems that may occur during the Olympic Games. From the article: '“The success of O2’s experiment extends much further than just allowing some of the workforce to stay at home and work. It proves that with the right thinking and planning, even the largest organizations can protect themselves from the most severe disruptions to their business,” said Ben Dowd, business director at O2.'"

New submitter iroc_eater writes with news of an announcement from Dell that it plans to acquire SonicWall, a security services provider. "SonicWall’s technology detects and protects networks from intrusions and malware attacks, and helps protect data. Dell is buying services and software businesses as the PC market faces competition from smartphones and tablets. Last month, the company hired CA Inc. Chief Executive Officer John Swainson to oversee the software push, and today he said security is an important part of that strategy. 'My goal is to make software a meaningful part of Dell’s overall portfolio, so that means that this is not the last thing you’re going to see from us,' Swainson said."

DMandPenfold writes with a quote from an article in Computer World: NASDAQ and BATS saw their sites disrupted during the day on Monday and Tuesday respectively. The sites host company news and share price data, as well as vital information on live service status on the exchanges. It is understood, however, that while the websites were affected, the stock exchanges continued to trade as normal with no change to trading. A spokesperson at BATS said the exchange's site had been hit with 'an external Distributed Denial Of Service incident.' Our trading systems were not affected and there were no exchange customer disruptions associated with the incident.' ... NASDAQ told the Wall Street Journal that on Tuesday it experienced 'intermittent service disruptions on our corporate websites.' It is not known who initiated the attacks. In 2010, NASDAQ's Directors Desk online scheduling application was compromised by hackers. An FBI investigation found that the stock exchange's aging software and out of date security patches played a key part in the problems."

New submitter Qedward writes with a snippet from ComputerWorld UK: "Two traders at Credit Suisse have pleaded guilty to wire fraud and falsifying data after authorities said they had manipulated the bank's record systems, as the credit crunch approached, in order to help conceal over half a billion dollars' worth of losses. The traders admitted to circumventing a mandatory real time reporting system introduced by Credit Suisse, manually entering false profit and loss (P&L) figures as the products they handled collapsed in value. They did so, according to the accusations, under heavy pressure from their manager, who has also been charged."

concertina226 writes with sad news for Swedish pirates. Quoting the article: "The Swedish Supreme Court will not hear an appeal from the founders of The Pirate Bay against prison sentences and fines imposed by the Swedish Court of Appeals, the court said on Wednesday. Over a year ago, the Court of Appeals sentenced Fredrik Neij, Peter Sunde, and Carl Lundström to 10 months, eight months, and four months of jail time, respectively. The court also said they must collectively pay a 46 million kronor (£4.3 million) fine." The Pirate Bay has issued a response: "With this said, we hear news from our old admins that they have received a verdict in Sweden. Our 3 friends and blood brothers have been sentenced to prison. This might sound worse than it is. Since no one of them no longer lives in Sweden, they won't go to jail. They are as free today as they were yesterday."
Update: 02/01 15:15 GMT by U L :Reader think_nix helpfully copied the Pirate Bay response in a comment for those who cannot access the site.

DMandPenfold writes "Two former Dell employees, including a former investor relations manager, were part of a $62 million record-breaking insider trading scam, involving the company's shares as well as Nvidia stock, according to the FBI. The news comes as the U.S. authorities step up their pursuit of inside traders. Two months ago, Galleon hedge fund founder Raj Rajaratnam was sentenced to 11 years in jail for his role in a scam involving AMD, IBM and 3Com stock. Yesterday, Sandeep Goyal, an employee at Dell's U.S. headquarters between 2006 and 2007 before becoming a financial analyst, was arrested. An unnamed co-conspirator in Dell's investor relations department from 2007 to 2009 is also alleged to have been part of the scam. ... Goyal allegedly made $175,000 by providing inside information about Dell to a hedge fund. He has pleaded guilty to charges of securities fraud."