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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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VIDEO: Could a folding car solve parking problems?

Category : World News

Theo Leggett looks at high-tech solutions to traffic problems, including a car that folds itself to fit in a smaller space.

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Plans target bogus whiplash cases

Category : Business

Ministers unveil plans to reduce the number of whiplash claims following traffic accidents, blamed for greatly increasing car insurance premiums.

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As Apple cans Ping, five other notable deaths in the social media world

Category : Business

Ping heads off to the great social network in the sky, and we look back at once-buzzed-about startups that suddenly stopped

Last week, Apple CEO Tim Cook announced the end of Ping, a move that attracted about 1% as much attention as the iPhone 5 announcement.

Ping, as you’ve likely forgotten, is the iTunes social network that sought to capitalize on people’s love for music on an Apple-driven platform.

Few social sites actually end their audience-less existences, choosing instead to revamp in multiple iterations in an attempt to achieve the billion-dollar glory the peak of the social media pile represents.

Witness Friendster, which continues to desperately lop along, somehow evading its inevitable death.

And attempts to create a new social media show no signs of wavering; over the weekend, it was reported that the Winklevoss twins, of Facebook litigation fame, are backing a social network exclusively for professional investors.

In light of the Winklevii’s newest attempt and the closing of Ping and – though it hardly seems necessary – to forewarn others, we present the social web’s top five cautionary tales:

Apple Ping

In the iPhone5 conference, Apple announced that the newest addition of iTunes would not include Ping and that it is no longer accepting members in anticipation of its 30 September shut down.

Several factors contributed to its failure, with the most costly easily being the failure of Apple to land a deal with Facebook, impeding the most likely to succeed integration of social into the site. This was accompanied by frequent recommendations to purchase music and that overt commercialism quickly drove people away.

Cook gave indications of Ping’s inevitable death at the All Things Digital conference in the spring: “We tried Ping, and I think the customer voted and said ‘This isn’t something that I want to put a lot of energy into.’”

Google Buzz

Buzz shuttered its invasive doors on 15 January 2012 after failing to gain a significant audience and facing a major backlash from people who found its default settings that automatically built public contact lists to be a severe privacy invasion.

Its death was announced in something preciously referred to as the Fall Sweep, when Google also killed an assortment of other product experiments.

Features from the ill-fated Buzz were used in Google’s social network revamp, Google+, which you may remember from the last time you logged on to it six months ago.

Buzz lasted almost two years after its February 2010 launch, trailing in the wake of another failed Google social site, Wave.

Google Wave

Wave will long be remembered as the social media tool that was simply too overwhelming for the average computer user. It was an amalgamation of Twitter-like real-time features, collaborative documents and email and chat aggregation that proved too much for the non-techies.

Launched in 2009, its end was announced in August 2010, but accounts weren’t completely deleted until April 2012. Heralded by online insiders, it was reclaimed by Apache Software who refined it for use among a more selective audience.

Yahoo Buzz

Back in 2008, Yahoo attempted to pioneer their own social news site that aggregated news in a StumbleUpon-like fashion, hoping to use the successful site to drive traffic to their site.

Thanks to the traffic boost from being a Yahoo-associated entity, the site performed well, at one point generating more monthly unique visitors than competitor Digg.

The site failed to retain strong audience numbers and was shuttered in April 2011 to “streamline” business operations.

Wal-Mart’s the Hub

In an unfortunate attempt to emulate the social network turned over-used-punchline MySpace, Wal-Mart introduced a social page pitched to young adults called the Hub in 2006.

As the most explicitly commercially motivated social site, it had little chance to succeed. It also violated some of the key tenets of successful social media, by keeping parents informed of their children’s use of the site and by limiting the ability of users to contact each other.

During the Hub’s short three-month lifespan, its 91,000 monthly unique visitors barely touched the 55.8m of the soon-to-be irrelevant MySpace.

Olympics ‘hurt UK retail sales’

Category : Business

Retail sales in the UK were lower in August as the popularity of the Olympics hit traffic at stores, the British Retail Consortium says.

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Olympics ‘hurt UK retail sales’

Category : Business, World News

Retail sales in the UK were lower in August as the popularity of the Olympics hit traffic at stores, the British Retail Consortium says.

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The New York Times (NYT) has agreed to sell About.com to InterActiveCorp (IACI) for $300M in cash. IAC’s bid, first reported last Tuesday, trumps a $270M offer from Answers.com. IAC predicts About.com’s 1K topic sites and 3M articles will…

Category : Stocks

The New York Times (NYT) has agreed to sell About.com to InterActiveCorp (IACI) for $300M in cash. IAC’s bid, first reported last Tuesday, trumps a $270M offer from Answers.com. IAC predicts About.com’s 1K topic sites and 3M articles will differentiate its Ask.com Q&A search engine, and that Ask.com, in turn, will drive traffic to About.com. NetMarketShare estimates Ask.com’s PC and mobile search shares are both near a paltry 0.5%. Post your comment!

Link: The New York Times (NYT) has agreed to sell About.com to InterActiveCorp (IACI) for $300M in cash. IAC’s bid, first reported last Tuesday, trumps a $270M offer from Answers.com. IAC predicts About.com’s 1K topic sites and 3M articles will…

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Asia gets its fastest data cable

Category : Business, World News

A new high-speed undersea data cable, Asia Submarine-cable Express, opens to traffic in Asia potentially aiding financial traders.

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Akamai (AKAM) is looking to acquire security and networking firms, says a company exec. The content delivery network owner wants to generate $100M/year in revenue from new businesses within 3 years, he says (for reference, Akamai is expected to post…

Category : Stocks

Akamai (AKAM) is looking to acquire security and networking firms, says a company exec. The content delivery network owner wants to generate $100M/year in revenue from new businesses within 3 years, he says (for reference, Akamai is expected to post 2012 sales of $1.36B), and is willing to buy a startup if it helps improves the company’s time-to-market. Zscaler, a provider of cloud-based security services for Web traffic, is named as the kind of company Akamai could be interested in. Post your comment!

See the original post here: Akamai (AKAM) is looking to acquire security and networking firms, says a company exec. The content delivery network owner wants to generate $100M/year in revenue from new businesses within 3 years, he says (for reference, Akamai is expected to post…

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Gannett (GCI) has acquired oddly-spelled BLiNQ Media, a Facebook ad software/services firm, for $92M that will be paid over 3-4 years. The acquisition should help Gannett, which owns various Web properties and online ad agency PointRoll, cross-sell…

Category : World News

Gannett (GCI) has acquired oddly-spelled BLiNQ Media, a Facebook ad software/services firm, for $92M that will be paid over 3-4 years. The acquisition should help Gannett, which owns various Web properties and online ad agency PointRoll, cross-sell social media ads to its clients, and perhaps drive traffic to its sites. Google, Salesforce.com, and Oracle have made larger acquisitions in this space. Post your comment!

Read the original: Gannett (GCI) has acquired oddly-spelled BLiNQ Media, a Facebook ad software/services firm, for $92M that will be paid over 3-4 years. The acquisition should help Gannett, which owns various Web properties and online ad agency PointRoll, cross-sell…

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Coming Week: Top Nine Earnings on Deck

Category : Business

NEW YORK (TheStreet) — During the next week’s four days of trading, we expect more than 80 companies reporting results. I screened for the nine most active and potentially market-moving companies.

Below, I look at each one of these nine stocks, broken into three lists: Those reporting before the open, during the session and after the close. Reporting Before the Open Ciena: This company provides equipment, software and service solutions that support the transport, switching, aggregation and management of voice, video and data traffic on communications networks. It trades an average of 5.5 million shares a day.

Expectations: Wall Street is expecting Ciena to report a loss of 14 cents a share, an improvement of 58% from a year ago, when it reported a loss of 33 cents a share. …

Click to view a price quote on CIEN.

Click to research the Telecommunications industry.

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