Microsoft announced the hire of former ten-year Yahoo exec Dr. Qi Lu today as President of their Online Services Group. He’ll report directly to CEO Steve Ballmer. Here’s the email Ballmer sent to all Microsoft staff forty minutes ago:     From: Steve Ballmer    ...

Jerry Yang just put up a blog post on his reasons for stepping down as CEO of Yahoo. In it, he highlights the successes of the past 18 months. Yahoo is now “rewired,” the new ad platform has been launched “that we think will transform how ads are bought and sold online,” and Yahoo remains “first...