Microsoft has pulled the plug on a new generation of smart phones aimed at young consumers, less than three months after unveiling the devices that were part of its efforts to catch-up with Apple and Google in the fast-growing mobile market, Reuters reports. Microsoft said on June 30 that it had canceled plans to sell its "Kin" phones in Europe this fall. The company added that the internal team working on the Kin phones would be combined with the group working on Microsoft's forthcoming Windows Phone 7 software. "We will continue to work with Verizon in the U.S. to sell...

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    staff and wire services reports