Today's Tech: Apple testing smart 'iWatch', Raytheon develops social network-tracking spy software, DOJ settles with Macmillan

Apple is again being tipped with the development of a smart watch, but this time the rumours aren't spawning from the keyboard of a spotty teenager in a dorm room. Respected publications the New York Times and the Wall Street Journal have both thrown their weight behind the 'iWatch' project, reporting that Apple is currently "experimenting" with watch-like gadgets running a stripped down version of its iOS platform and featuring Corning's flexible Willow Glass. Navigation, contactless payments, and communications are thought to be among the future contraption's likely uses - follow the link for more on the potentially revolutionary peripheral.

Cyber espionage has become increasingly prevalent in the IT security world, particularly when it comes to the cyber schemes of national governments. US defence contractor Raytheon seems keen to capitalise on this growing theme and has developed spy software capable of detailing complete profiles of social network users and even tracking their movement. Its analytics on a scale never seen before and will send shivers up the spine of a privacy-conscious web user.

Last week ITProPortal flew out to Innsbruck, Austria to visit one of the leading antivirus test organisations, AV-Comparatives. The group had just awarded Bitdefender its coveted Product of the Year award, and the Romanian security vendor was also present in Austria to discuss the key to its recent success. For an insight into how our security software is tested by the experts and Bitdefender’s take on its performance against market place rivals, follow the link above.

The US Department of Justice has long been embroiled in a legal battle with Apple and a handful of major publishers whom it accuses of having been behind an eBook price-fixing scheme. And late last week, the DOJ reached a settlement with Macmillan that will see it join its former co-defendants - Penguin, Hachette, HarperCollins, and Simon & Schuster - in agreeing to allow retailers to offer discounts on their titles. The publisher also agreed to abide by an antitrust compliance program that will monitor its interaction with competitors. The news also means the DOJ can squarely focus on Apple, the last defendant standing in the case. Read on for more details about the settlement.