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    Often, the biggest obstacle to saving is that there isn’t enough money to set aside after the bills are paid.But other times the hardest part is establishing the habit of saving in the first place. Some people just don’t trust themselves to leave the cash alone.But new research suggests that when people are offered tools that can help them overcome weak will power, in the form of accounts that restrict how often they can access their cash, they make use of them — even when they can earn the same interest somewhere else. They also saved more in the restricted accounts as the limitations became more severe.“People recognize their self-control problems,” said John Beshears, an assistant professor of business administration at Harvard Business School and one of the authors of the report. “They recognize that in the future they’re going to have a desire to spend.”‘Here’s how the study worked: Researchers gave participants a set amount of cash and asked them to divide the money between two accounts with a goal and a certain deadline in mind. The two accounts paid the same 22 percent interest rate, but one account let them access the cash at any time and the other restricted when they could access the money.Those who would be charged a 10 percent penalty for withdrawing money before the deadline saved about 39 percent of their pay in those commitment accounts. Participants who faced a 20 percent penalty for early withdrawal saved 45 percent of their money in the restricted account. People offered the strictest account, one that did not allow for any early withdrawal, saved 56 percent of the money they were given.The findings suggest that sometimes the factors that have the biggest influence over financial habits are psychological, not economic, analysts say. Savers knew they could earn the same interest in the more flexible accounts, but they may not have trusted their will power.  “They realize they’re not actually going to save if they can get easy access to the money,” said Stephen Wendel, head of behavioral science for Morningstar, a fund research firm.In a way, the research reinforces some of the restrictions already in place for long-term savings accounts such as retirement accounts and health savings plans. People who use the funds for another purpose or withdraw the cash early often need to pay an early-withdrawal penalty of about 10 percent.People struggle to save for long-term goals like retirement or a child’s college education because they crave immediate gratification, says Rosalind Greenstein, director of research and education for American Institute for Economic Research. Having an obstacle can encourage people to think twice before dipping into the funds, she says. “It’s like a speed bump,” she says.Still, the findings don’t necessarily mean that increasing the penalty for early withdrawals from retirement savings would prevent people from cashing out their accounts early, Beshears says. Many people have legitimate reasons, such as illness or job loss, for tapping the funds, he says.A more realistic solution might be to encourage people to build up emergency savings that would provide a financial cushion that they could turn to before dipping into their retirement funds, he said.Recognizing the mental obstacles some people face with saving, new smartphone programs are popping up that offer to automate the process. Some people might be able to practice this in real life by using savings accounts that limit the number of withdrawals that can be made each month. The most important step is to create the habit, Greenstein says.Read more:People are saving more for retirement — but they’re still making one big mistakeStruggling to save? There’s an app for that.Why you might want to ditch the checking account you opened in high school[Some of the content in this entry could not be displayed on this device.]






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    SAP unveiled a new product on Tuesday that promises to help businesses make sense of a deluge of real-world data from retail transactions, transport systems and social media, hoping to persuade customers to switch from rival database suppliers.

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     Ambarella is set to report its fiscal 2016 second quarter earnings results today after the closing bell. Analysts are expecting the company's earnings and revenue to grow year-over-year. For the recent quarter, analysts are expecting the imaging and video chipmaker to post profits of 81 cents a share, more than doubling the 37 cents a share it earned in the same quarter the previous year.

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    India is the hottest place to be right if you are an e-commerce company. The online-shopping market in India is expected to grow to $8.5 billion in 2016 from $2 billion in 2013, according to Accel Partners. It therefore should come as no surprise that Alibaba (BABA) and Amazon (AMZN) are already plotting out their strategies in the area alongside startups like Flipkart and Snapdeal.

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    Cloud software company helps businesses with price quotes, contracts. A new tech company has joined the billion-dollar-valuation club. Apttus, a software company that helps businesses manage the sales process, has raised $108 million in series C funding at a valuation of more than $1 billion, the company announced Tuesday.

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    The following are mergers under. APPROVALS AND WITHDRAWALS. -- U.S. investment firm Apollo Global Management (APO) to acquire majority control of Slovenian bank Nova KBM. -- German retailer REWE to acquire some travel units from Swiss travel operator Kuoni Reisen. NEW LISTINGS. None. EXTENSIONS AND OTHER CHANGES. None. FIRST-STAGE REVIEWS BY DEADLINE.

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    The following bids, mergers, acquisitions. ** Online gambling firm 888 Holdings Plc stepped up the battle for Bwin.party Digital Entertainment Plc on Tuesday, submitting a revised takeover proposal as it looks to see off rival interest from GVC Holdings Plc.

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    Bild tabloid publisher Axel Springer and Korean electronics group Samsung announced a partnership in mobile media including news. The two companies said on Tuesday they would collaborate to produce digital media exclusively for Samsung customers, beginning with a news platform in Germany and Poland that will be rolled out in other European markets next year.

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    (Repeats to format tables) MOSCOW, Sept 1 (Reuters) - Russian mobile phone subscriptions stood at 242.33 million at the end of the second quarter, up from 238.35 million in the previous quarter, data from market research group AC&M showed. Overall penetration in Russia rose to 169.6 percent by the end of June from 166.8 percent three months earlier. Russia's population stood at 146.3 million at the beginning of 2015, according to the state statistics office. AC&M provided the following data (millions of subscribers): - MTS numbers are for Russia, Ukraine, Armenia, Turkmenistan, Uzbekistan and Belarus; - Vimpelcom (VIP) numbers are for Russia, Kazakhstan, Ukraine, Tajikistan, Uzbekistan, Armenia, Georgia and Kyrgyzstan; - Megafon numbers are for Russia, Tajikistan and Georgia's two breakaway regions of Abkhazia and South Ossetia that Russia recognises as independent states; - All of the subscribers with Tele2, Cellular Communications MOTIV and SMARTS Group are in Russia: Q2 2015 Q1 2015 Mobile TeleSystems (MTS) 105.33 104.24 of which in Russia 75.39 74.50 Vimpelcom (VIP) 109.27 107.86 of which in Russia 57.17 55.71 Megafon 73.85 71.97 of which in Russia 71.40 69.52 Tele2 Russia 34.70 34.90 Cellular Communications MOTIV 2.42 2.42 SMARTS Group 1.07 1.08 Russian market share breakdown by percentage as of June 30: MTS Megafon Vimpelcom Tele2 Others Russia 31 29 24 14 2 Moscow 34 32 34 0.3 - St Petersburg 28 37 18 17 - Regions 31 28 22 17 2 (Reporting by Anastasia Teterevleva and Maria Kiselyova; editing by David Clarke)

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    Philippine electronic exports this year will probably be weaker than previously thought as demand from major trading partners remain sluggish, an electronics industry group said on Tuesday. The Semiconductor and Electronics Industries in the Philippines slashed its 2015 exports growth forecast to 0-4 percent from the 3-5 percent estimate made in July.

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    Swathed in crimson robes, 77-year-old Ashin Tilawkar Biwonsa shuffles through a crowded conference room with the help of an aide, his supporters standing in respect as he takes a seat at the head of a table under a portrait of his own image.

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    LG, Samsung and Sony (SNE) all showed off new smartwatches Monday, taking their own approaches to the nascent category.LG went for full luxury, announcing that its new $1200 Urbane Luxe would be available starting at the end of October. The watch sports a round face, 23-karat gold body and an alligator strap, and is a more premium version of the LG Urbane the company released earlier this year.Sony (SNE), meanwhile, unveiled a Japanese crowdfunding campaign for its new watch that comes with a smart band. The company has raised more than $154,551 for a campaign for the watch, which has a normal face but houses its tracking and payment options in the clasp of the timepiece. It's currently only planned for a Japanese release, and will work with iOS devices rather than Sony's (SNE) own smartphones.[Some of the content in this entry could not be displayed on this device.]Samsung also showed off its new Gear S2 smartwatch ahead of the IFA tech conference in Berlin on Monday. The company had originally teased the product last month when it launched new smartphones, revealing a smartwatch with a round face and clean interface that, at least at first blush, seemed to be a great improvement on its predecessors. The company showed off two models of the watch. The base model is the Gear S2; a second "classic" model has more traditional jewelry details such as a leather band.There wasn't any information about pricing or availability, though AT&T (T) has said that it will carry the Samsung Gear S2.Analysis firm IDC estimated earlier this month that the wearables market grew 223.2 percent in the second quarter of 2015 compared to the same period last year. That's in part thanks to the introduction of the Apple Watch, which put Apple in striking distance of the market leader, Fitbit (FIT). But the product category is poised to keep growing as more companies with different approaches to the wearable trend head to market.Consumers are set to be spoiled for choice. Google (GOOG) also announced Monday that it will start offering its Android Wear app on Apple devices, meaning that iPhone users have a whole new world of smartwatch options to pair with their phones.Well, eventually, at least. The Android Wear app is available Monday, but only for the LG Watch Urbane (the Urbane Luxe will have it at launch). But, Google (GOOG) promises, the system will be coming to more smartwatches soon. "All future Android Wear watches, including those from Huawei, Asus, and Motorola will also support iOS, so stay tuned for more," the company said in a blog post.






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     Applied Materials (AMAT) stock closed Monday's trading session up by 0.59% to $16.08 on Monday, after analysts at Pacific Crest said that the company will outperform, Barron's.com reports. Applied Materials (AMAT) is one of the semiconductor companies with "high dividend yields and ongoing cost-reduction initiatives," analysts noted.

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     Science Applications shares closed trading down by 0.93% to $48.77 on Monday, ahead of the release of the company's second quarter earnings, due out before the opening bell tomorrow. The McLean, VA-based technology integrator is expected to report 48 cents per share on revenue of $1.1 billion for the most recent quarter.

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    The following bids, mergers, acquisitions and disposals were reported by 2030 GMT on Monday: ** It would be "unconscionable" for Fiat Chrysler Automobiles not to pursue a merger with rival General Motors and create a company that can generate $30 billion a year in cash, FCA chief Sergio Marchionne said in a newspaper interview.

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    Actor Ashton Kutcher was one of the first celebrities to embrace social media as a way to build his fan base. But outside the spotlight, he's also been a prolific investor in tech startups including Uber. Kutcher is among a growing number of Hollywood actors and musicians who have turn their attention up north in recent years, pouring their personal wealth into some of Silicon Valley's hottest startups.The trend isn't new. Actor Ashton Kutcher and U2 frontman Bono have been heavily investing in tech for years and have even set up their own venture capital firms. One thing to keep in mind about this trend: it has coincided with what tech financiers are calling an investment bubble in tech.CB Insights, crunched the numbers and came up with a list of the most active celebrity investors and their portfolio companies. Just because they put money into lots of companies doesn't mean they are the most successful investors, or course. But here are the top 5 Hollywood financiers of Silicon Valley:1. Ashton Kutcher is by far the most prolific tech investor in Hollywood, with seed and venture capital investments in a total of 70 startups, according to CB Insights. His investments include AirBnB, FourSquare, and Zenefits. The 37-year-old began investing in tech in 2009 and has gained deep connections in the industry. He holds the title of engineer for laptop maker Lenovo (LNVGF) and introduced a tablet with the firm that was poorly received by consumers. (He played Steve Jobs in the movie biopic in 2013, which also flopped). He co-founded venture firm Sound Ventures -- which also counts Madonna and U2 manager Guy Oseary as partners -- seed investment firm A-Grade.2. Nasir "Nas" Jones counts more than 30 portfolio companies including DropBox and Lyft. The rapper has made his investments through a Los Angeles-based venture fund Queensbridge Ventures, where he serves as a partner. Nas, who has 8 Platinum albums, has made some entertainment related investments, including in live broadcasting app Meerkat. But his investments are diverse, including in BitCoin firm CoinBase and financial services firm Robinhood.3. Troy Carter has managed the careers of musicians including Lady Gaga but his tech investments -- all personal seed investments -- have been very much behind the scenes. Carter has been an early investor in Uber, wireless power firm uBeam, and streaming music firm Songza, which was purchased by Google (GOOG) in 2014. According to CrunchBase database, Carter has made personal investments in 27 firms since 2011.4. Bono has long been a close partner to tech firms -- though his latest venture with Apple didn't go so well (if you recall, U2's 2014 album automatically downloaded onto new Apple iPhones, annoying a number of consumers who didn't want the band's music). He's had more success as managing partner of Elevation Partners, a private equity firm with $1.9 billion in assets under management. Elevation's investments include Facebook (FB), Yelp and Sonos.5. When Jared Leto isn't acting or performing with his band Thirty Seconds to Mars, he is playing tech financier. The 43-year-old has made about 13 personal seed investments into firms such as Reddit, marketing software firm Radius and Zenefits, according to database CrunchBase.Want to know more? Here's CB's list of 13 most active investors:






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     EMC shares are slumping by 0.38% to $24.87 on Monday afternoon, as the data storage company has been facing pressure to change its business due to a shift from traditional storage products to cloud computing, Fortune reports. Cloud computing refers to storing and accessing data and programs over the Internet rather than on a personal computer.