Local Deals, which launched just over a year ago, is Travelzoo's entry in the fast-growing local deals market. It offers travel-related deals such as restaurant discounts and reduced tickets for events in cities worldwide. Other Web companies such as search leader Google Inc. have entered the daily deal market that is dominated by Groupon. In August, social networking site Facebook shut down its daily deals program. And review website Yelp also said in the same month it was thinning its sales team assigned to deals. Get the full story at Bloomberg Businessweek