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Labels for Magento New Products widget
Magento has its own New Products widget. If you want to have label for products there then you have to apply minor change to magento template.
Please, follow Magento recommendations for template customization. Or in case you have our Argento theme please follow customization tips for it.
Add code below to template catalog/product/new.phtml:
<?php
Mage::dispatchEvent('catalog_block_product_list_collection', array(
'collection' => $this->getProductCollection()
));
?>