World Markets Simplified: June 2011 //Daily News Stories, Interesting World News, Pharmaceutical News Headlines, Technology News, Innovation News, Breaking News, Sensational News Stories, Entertainment News, Yellow Journalism, Tabloid Journalism

Daily Deal Site LivingSocial.com coming with an IPO.

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Daily deal website LivingSocial held meetings earlier this week to select bankers to lead an initial public offering, which could raise north of a billion dollars, according to...

Glamour in Wimbledon !

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When the Wimbledon tennis championships got under way at the All England Club in the 1900s, refined-looking competitors wore boater hats, long sleeves, neatly pressed trousers and floor...

Pope and Tweets, Really !

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Pope Benedict XVI has tweeted for the first time, announcing...

Social Networking Site Myspace.com will be sold this week.

8:29 PM|0 Comment

News Corp. is aiming to sell struggling social network site MySpace this week after three years of massive losses, according to a person familiar with the matter. The...

Google Inc, frustrated by a string of failed attempts to crack social networking, is taking another stab at fending off Facebook and other hot social sites with a new service called Google Plus.

Google designed the service, unveiled on Tuesday, to tie together all of its online properties, laying the foundation for a full-fledged social network. It is the company's biggest foray into social networking since co-founder Larry Page took over as chief executive in April.

Page has made social networking a top priority at the world's No 1 Internet search engine, whose position as the main gateway to online information could be at risk as people spend more time on sites like Facebook and Twitter.

To set its service apart from Facebook, which has more than 500 million users, Google is betting on what it says is a better approach to privacy, a hot-button issue that has burned Facebook, as well as Google, in the past.

Central to Google Plus are so-called "circles" of friends and acquaintances. Users can organize contacts into different customized circles -- family members, co-workers or college friends, say -- and share photos, videos or other information only within those smaller groups.

"In the online world there's this 'share box' and you type into it and you have no idea who is going to get that, or where it's going to land, or how it's going to embarrass you six months from now," said Google Vice President of Product Management Bradley Horowitz.

"For us, privacy isn't buried six panels deep," he added.

Facebook, which has been criticized for confusing privacy controls, introduced a feature last year that lets users create smaller groups of friends. Google, without mentioning Facebook by name, said other social networking services' attempts to create groups were "bolt-on" efforts that do not work as well.

Google Plus will be rolled out to a limited number of users in what the company is calling a field trial. Only those invited to join will initially be able to use the service. Google did not say when it would be more widely available.

Learning frrom the Buzz

Google's stock has been pressured by concerns about rising spending within the company and increasing regulatory scrutiny -- not to mention its struggles with social networking. The US Federal Trade Commission, among others, is currently reviewing its business practices.

Its shares are down almost 20% this year after underperforming the market in 2010.

To create Google Plus, the company went back to the drawing board in the wake of several notable failures, including Google Wave and Google Buzz, a microblogging service whose launch was marred by privacy snafus.

"We learned a lot in Buzz, and one of the things we learned is that there's a real market opportunity for a product that addresses people's concerns around privacy and how their information is shared," said Horowitz.

Google, with USD 29 billion in revenue last year, drew more than 1 billion visitors worldwide to its websites in May, more than any other company, according to Web analytics firm comScore. But people are spending more time on Facebook: The average U.S. visitor spent 375 minutes on Facebook in May, compared with 231 minutes for Google.

Google Plus seems designed to make its online properties a pervasive part of the daily online experience, rather than being spots where Web surfers occasionally check in to search for a website or check email.

As with Facebook's service, Google Plus has a central Web page that displays an ever-updating stream of the comments, photos and links being shared by friends and contacts.

A toolbar across the top of most of Google's sites -- such as its main search page, its Gmail site and its Maps site - allows users to access their personalized data feed. They can then contribute their own information to the stream.

Google Plus will also offer a special video chat feature, in which up to 10 people can jump on a conference call. And Google will automatically store photos taken on cell phones on its Internet servers, allowing a Google Plus user to access the photos from any computer and share them.

When asked if he expected people to switch from Facebook to Google Plus, Google Senior Vice President of Engineering Vic Gundotra said people may decide to use both.

"People today use multiple tools. I think what we're offering here offers some very distinct advantages around some basic needs," he said.

FDA will revise safety labels for silicone breast implants after finding a need for additional surgery within 8 to 10 years.

9:09 PM|0 Comment

Women who get silicone breast implants are likely to need additional surgery within eight to 10 years to address complications such as rupture of the device, U.S. health...

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World Markets Simplified

Daily Deal Site LivingSocial.com coming with an IPO.

Glamour in Wimbledon !

Pope and Tweets, Really !

Social Networking Site Myspace.com will be sold this week.

List of places where high probability of car theft !

LITL (Buy this Stock in decline).. !

Frontier Market Equity Investing: Finding the Winners of the Future by Lawrence Speidell, CFA

New IPhone for only $349 in Apple Store Starting from September !

Master Blaster Sachin Tendulkar Lost No.1 Spot in ICC ranking !

Defcon Kids Conference to teach hacking to children between the age of 8 to 16.

Glimpse of Steve Jobs's Life, Must Read

Online Video Site Hulu.com might consider to be sold out.

FDA will revise safety labels for silicone breast implants after finding a need for additional surgery within 8 to 10 years.

India Real Estate | Citi [1 Attachment]

Companies With Highest Pledge

Indian Gold And Silver Imports Surge By Stunning 500% In May

Essence of Week - Enam [1 Attachment]

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