State controller to join race for governor
SAN FRANCISCO State Controller Steve Westly will formally launch his campaign for governor Saturday, vowing to win the Democratic Party's nomination on the strength of his ideas rather than being the anti-Arnold.
The 47-year-old former Silicon Valley executive becomes the second Democratic candidate hoping to unseat Gov. Arnold Schwarzenegger if he runs for re-election in 2006. Schwarzenegger has yet to announce whether he plans to seek another term, a decision he is not expected to make until after California's Nov. 8 special election.
Westly follows state Treasurer Phil Angelides, who declared his candidacy in March and has been a constant critic of Schwarzenegger since he won office in the 2003 recall election.
Westly worked closely with the governor early in his term but has since distanced himself and criticized Schwarzenegger's calling of a special election this fall.
Google preparing rival to PayPal
MOUNTAIN VIEW Online search-engine leader Google Inc. is preparing to introduce an electronic payment system later this year in a move that would pose a financial threat to one of its biggest advertisers, Internet auctioneer eBay Inc.
The Wall Street Journal reported Google's plans on its Web site late Friday, citing sources familiar with the Mountain View-based company's plans. The Journal did not provide any details about Google's strategy.
A Google spokesman declined to comment on the report.
The likelihood of Google rolling out an online payment system to rival eBay's popular PayPal service became a hot topic during an Internet conference hosted Thursday by Piper Jaffray.
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