In the News: Microsoft Kills Kin


Microsoft is scrapping its social youth-aiming Kin phone after less than two months on the market.

AIG‘s chairman and CEO are at odds.

Amazon acquired deal-of-the-day site, Woot, which celebrates with $150 Kindle special. Kindle DX also slashes price.

Apple launches iAds today with Nissan, Citi, Unilever, AT&T, Best Buy, and Chanel.[more]

AstraZeneca loses generic drug case vs. EU.

Baby Einstein foe packs it in.

Fox News Channel dominated 2nd quarter cable news ratings as CNN slumps.

Google News launches personalization features.

Lady Gaga remembers she’s creative director for Polaroid.

Mattel dips toe in augmented reality with Qualcomm‘s help.

Mountain Dew extends label art initiative.

Move Networks lays off staff and looks for a buyer.

NBA star LeBron James is now a free agent, and will meet today with the New York Knicks, Chicago Bulls, New Jersey Nets and others.

New York Times axes hyperlocal news initiative.

Newsweek bids are due today.

Nickelodeon teams with the NFL for shortform kids’ programming.

Pampers launches diapers designed by Cynthia Rowley.

Rite Aid, a U.S. drugstore chain, launches a private label called, simply, Simplify.

Toyota will recall 270,000 luxury vehicles worldwide, including Lexus LS sedans, over engine problems.

U.S. retail data for June shows consumers are watching their wallets.

U.S. authorities shut down nine movie sites offering downloads of first-run movies, a threat to legal sites such as Hulu.

Viacom-owned MTV will sell online adds for Warner Music on sites including YouTube.

Online ad engagement is up, but not click-throughs.