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Google China President KaiFu Lee has left Google.

Report from here:

Google is continuing to bleed high-level executives and, this time, it is Google China’s turn. The Internet giant has announced that the company’s Head of Operations in the country, Kai-Fu Lee, will resign from his position to pursue other interests. Two executives in the company will take over Lee’s roles, Boon-Lock Yeo, who is now working as director of Google’s Shanghai engineering office, will take over the engineering department, and John Liu, VP of sales and operations, will assume the business and operations side.

“Kai-Fu has made an enormous contribution to Google over the last four years — helping dramatically to improve the quality and range of services that we offer in China and ensuring that we continue to innovate on the Web for the benefit of users and advertisers,” Alan Eustace, senior VP of engineering, says in a statement.

Lee joined Google in 2005, after leaving Microsoft’s operations in the country. This prompted Microsoft to file a suit against Lee and Google for allegedly breaching a one-year agreement that prevented him to work for a competitor. Google then filed a countersuit in a Californian court. The two companies settled in December 2005, without disclosing the terms of the agreement.

At Google China, Lee worked to establish the company in the market and has seen it grow at a very healthy pace for the past years. He was also responsible for launching the Google.cn website, the search engine’s regional version, while also strengthening the company’s team of engineers and scientists in the country. Still, Google is far behind the country’s number-one search engine, Baidu, and has also been criticized for complying with the government’s censorship requests.

“With a very strong leadership team in place, it seemed a very good moment for me to move to the next chapter in my career,” Lee shares in a statement. He will go on to start his own company in an unspecified field.

News from nydailynews:

After months of rumors and speculation, Yahoo and Microsoft on Wednesday announced a 10-year search deal that the two companies positioned as a means to create innovation in the search market – and an effective way to battle Google.

Under the terms of the deal, Microsoft will power Yahoo’s search site while Yahoo will manage the sales force for both companies’ premium search advertisers.

More detail please read entire article

Actually yesterday there was somebody gave some Google Chrome OS Screenshots on the internet. There are several pictures indicates Google’s OS is really exists and somebody leaked Google Chrome OS Screenshots.  Obviously these “Screenshot” are against the reports which are about Google’s OS is not a real thing, Google announced they are developing Google OS because they want to let Microsoft be confused by Google’s products and stratege.

But anyway, Although those pictures are fake , the photos maker is a smart graphic desinger.

The Chrome OS leak guy  did a commendable job with the fake blurry cam photos.

Did you see that ? your Gmail no more beta logo.

Before it was :

Google has pushed Gmail to a formal production.

Microsoft will not only lost searching engine market, but also maybe lost market on OS. There will be a new competitor on OS field: Google announced Chrome OS.

Tonight Google announced that they will release a new operating system based on Google Chrome.

The new operating system, aptly named Google Chrome OS, will be an open-source operating system initially geared toward net books, Google announced in a press release this evening.

Google claims the new operating system, which should ship in the second half of next year, will be “lightweight” and heavily Web-centric.

More information please read PC World

Paypal’s develop team is going to use X.com to be a new platform to provide API to be the first and only global payments platform open to third-party developers.

All detail information please read the following content and Links:

July 6, 2009
Yes It’s True
Damon Hougland

Damon Hougland

You may have heard some breaking news that PayPal will be the first and only global payments platform open to third-party developers. Indeed, it’s true. Take a look at the PayPal Blog entry Osama Bedier (VP of platform and emerging technology and my boss) posted earlier today. It talks about our limited-seating preview event on July 23rd where you can get more details on the APIs, as well as our developer’s conference in November. This is game changing stuff, and we want you to be part of it. We believe that providing a global payments platform will open up countless opportunities for developers to innovate and create new revenue streams. We want developers worldwide to easily make money from their ideas.

Let me take a minute to thank the developer community for the overwhelming response. It has been amazing. To be part of the action, follow PayPal Developer on Twitter and visit us on www.x.com as we begin to roll out our new services and capabilities.

From X.com blog

break news: Paypal Looks to Crush Amazon’s Fledgling Payment Service With A New, Secret API

News about PayPal’s Platform and Upcoming Event

Due to the data about web browsers from StatCounter,  Internet Explorer has fallen below 60% market share mark, from 62.09% to 59.49%; Firefox has surpassed 30% market share mark, went up from 28.75% to 30.33%;

Other browsers:

Opera web browser increased its market share by 0.13, from 3.23% to 3.36%; Safari 4 market share went up by 0.28 points, from 2.65% to 2.93%; Google Chrome up by 0.4, from 2.42% to 2.82%

(from :  http://online.wsj.com/article/SB124545178983832737.html )

Apple shares rose amid brisk demand for its newest iPhones, but Research In Motion stalled as its second-quarter earnings outlook disappointed.

Overall, trading was relatively quiet despite the expiration of four types of futures and options contracts, known a “quadruple witching” day, as traders squared positions ahead of big data due next week.

“You have the Federal Reserve meeting, Treasury auctions and some top-tier economic reports, including home sales and personal spending and income, that will help validate or nullify the idea that the economy is recovering,” said Kent Engelke, chief economic strategist at Capitol Securities Management.

Apple rose $3.60, or 2.6%, to $139.48 on the Nasdaq Stock Market. Customers lined up in front of Apple stores all over the country Friday morning to ensure that they would be among the first to receive the new 3G S smart phone. For the week, Apple shed 97 cents, or 4%.

Research In Motion (Nasdaq) fell 3.77, or 4.9%, to 72.78. First-quarter profit jumped 33%, as 3.8 million new BlackBerry subscribers were added, but revenue and customer growth was slightly below levels reached in the prior quarter. Shares fell 10.24, or 12%, for the week. Prior to this week, RIM had risen 16.35, or 24%, since mid-May.

CarMax rose 2.22, or 17%, to 15.31. First-quarter earnings dropped much less than expected, as a slump in sales and increased losses at the car dealer’s auto-finance unit were nearly offset by higher profit per vehicle sold.

Cigna rose 1.58, or 6.7%, to 25.24; Coventry Health Care advanced 49 cents, or 2.7%, to 18.79; and Humana rose 95 cents, or 3.1%, to 31.59. Managed-care stocks continued rallying as analysts saw signs that a planned overhaul of U.S. health coverage may be less severe than initial proposals suggested.

Wyndham Worldwide rose 1.10, or 9.8%, to 12.30. The time-share operator reiterated its second-quarter and full-year outlook, which were within Wall Street’s expectations. Some analysts saw the announcement as a way to calm investor jitters after Thursday’s announcement that Wyndham’s chief financial officer is leaving.

Sasol’s American depositary receipts fell 2, or 5.5%, to 34.18. The world’s largest producer of motor fuels made from coal said it expects as much as a 50% decline in annual earnings because of lower crude-oil and chemical prices.