Eurozone May Fall Deeper Into Recession: Ahead of the Ticker

NEW YORK ( TheStreet) -- The eurozone will slip deeper into recession in 2013, according to a report by the European Commission.

The European Union economy will shrink by 0.1%, according to the commission, compared to its prior projection of a 0.1% growth rate.

The commission, which just set its forecasts for the next two years, named France, Spain, Italy and the Netherlands as countries that will be in recession through the end of this year. The commission said it predicts the eurozone economy to shrink a more-than-expected 0.4% in 2013, compared to its prior forecast of a 0.3% recession. It also said it predicts the eurozone economy will grow at a slower rate in 2014 than it previously estimated. It expects a growth rate of 1.2% next year, compared to a prior estimate of 1.4%.


Instagram has taken a cue from its parent, Facebook ( FB), and added a tagging feature to its photos.

The feature, dubbed "Photos of You" now allows users to tag their friends, places or things. When a user has been tagged in a photo, he or she will be notified via a notification and the photo will appear in a section called, "Photos of You." Users who would prefer to approve tagged photos of themselves before they appear on their profile can adjust the settings on their Instagram app.

Instagram users can download an update from the Apple ( AAPL) App Store or Google ( GOOG) Play to get the "Photos of You" feature.

Facebook acquired Instagram for $1 billion in 2012. Instagram now has over 100 million users.


Barnes & Noble ( BKS) is teaming up with Google to enhance its line of Nook tablets.

Through the partnership, Google's Gmail, Chrome Web browser, Maps and Google Play app store will be installed on new Nook tablets. The newest Nooks on the market now will be able to update their software to receive the Google products.

The partnership will give Nook users the ability to download music for the first time. It will also increase the number of apps users can access from 10,000 via Barnes & Noble's app store to 700,000 via Google Play. The Barnes & Noble app will remain on the tablets as well.

The modifications to the Nook should help make it more competitive against rivals like Amazon's Kindle Fire, which is already equipped with access to Google Android apps.

Barnes & Noble did not reveal financial terms of the deal with Google. Prices of the Nooks are expected to remain the same. The HD model is priced at $199 and the HD+ model is listed at $269.

The move comes after Barnes & Noble reported that its Nook revenue fell 26% for the quarter ended Jan. 26.


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-- Written by Brittany Umar.
Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.