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Tech news from around the web:

Social shopping group Groupon is poised to roll out a new product called Groupon Rewards that aims to give participating retailers a way to increase customer loyalty, according to TechCrunch. Under the scheme, a business offering a regular Groupon deal will be able to follow up with another reward that gets unlocked after the customer spends a certain amount of money. The scheme will be open to retailers this week with consumers starting to see the rewards in October.

With speculation mounting over the imminent launch of the iPhone5 on October 4, TUAW looks at the fate of two of Apple’s older products, the iPod Classic and Shuffle, warning that the models face the axe later on this year. Read more >>

Joseph Menn

UPDATE: follow it live. Chris Nuttall will be providing live coverage from San Francisco of Wednesday’s Apple event, starting at 10am local time. Follow it here.

Apple is holding a music-themed press event tomorrow, where it is expected to unveil a package of  goodies that will start being attached to sales of full digital albums.

The product, code-named Cocktail by the record labels, will include interactive lyric sheets, photos and other virtual extras aimed at replicating and improving on the old experience of opening a vinyl record sleeve or CD boxed set filled with trinkets. Read more >>