google? if anything? did anything shock you? >> well, when and if we talked about the free management style they are. i not shocked, but surprised at a number of internal systems they have, whereby people have to report their goals on a quarterly basis and there's a big peer review product. so for a company which cherishes a bottom-up style, there is a flood of paperwork that they have to do. and it's done in a google style, but i find that kind of venture seen. the biggest one at google is called ok are, something that john dur introduced that was originally thought of by andy grove at intel. he takes it way beyond what was anywhere else. everyone has these goals they have for the next quarter, the next year and sometimes divisions of holes. the company will have an okay are you going to internal website to see everyone else's though carers. and they give you a number and later he'll report how well you're doing. if you are, what percentage they are. out of 10, if you do tan, that is not too

google worked to improve its social skills through google plus, updated its maps, and experimented with groupon like local deals. recently, google got into restaurant reviews with its purchase of the gatt. marissa mier is in charge of all kinds of things at google. frankly, whatever google values most at the time, she was the youngest person to make fortune's list of the most powerful women in the world. a list she is on once again this year. joined by john schwartz of usa today. this is your second appearance on the show. last time you were in charge of search in general, am i right on that? >> that's right. >> therefore, i can read the tea leaves as to what's going on at google that you're not in charge of web search anymore. you're in charge of mobile search. >> well, mobile and local and map. >> therefore, my conclusion is that's what google values most. they put new charge. >> i think there's a lot of activity going on. i worked on search which is still very important. that is at the core of our business. i worked on search for ten years and 12 years, depending on how you count it.

>> i have loved being on google plus. what's the strategy for google plus?s this to go after facebook? what is the growth strategy here and why do google plus? >> google plus last week wass opened up for general use. wee seen fantastic growth the past twoys. we think we're on our way. what it is is you having an identity on the web and you telling us through various mechanisms who your friends are. you have to choose to do this, you can choose not to, you can remain anonymous, which is very important. if you choose to use google us, you can get more personalized search results, more youtube recommendations and those sorts of things. that's its primary reason. what we also want to do is invent new ways in which people can usee networks. we have a product called hangout, which is a quick way to put together a small social video chat. >> what's your take on the economy right now? where does the growth for google come from in the world in terms of geography? >> google is doing well, and i've learned we le in our own little ecosystem, that people are moving from

and google has participated in, for example, putting google search as the default search engine on handsets that are distributed to clearwire customers. that's certainly a violation of net neutrality. in fact, the most important business event in the entire history of google according to some of the good biographies of the company that are out was may 1, 2002, when google search before it went public and before it had significant cash in the bank paid aol, america online, the largest isp in the country at that time -- a company at that time according to the federal trade commission with market power -- they paid to, essentially, displace the previous default search engine on the start-up page for aol users and become the default search. and this was, this was tremendously important to get access to immediately another 30 million customers as the home page search engine. and they paid for that. there was a business deal. that's, that's not neutral. and that's the sort of thing that net neutrality may disrupt at this point in time. now, that may cut against other entrants into the market as g

guy it or sell google. >> tom, we have a hold recommendation on google after the results. we actually increased our 12 month target price to $625. we see the stock trading in line with the broader market over the next year. >> narrator: scott kessler, there he is, director of technology research tonight at s&p capital iq. thanks, scott. >> thanks, tom, take care. >> susie: 11 years in jail-- that's the sentence fallen hedge fund billionaire raj rajaratnum >> tom: less than a day after congress passed three major trade deals, we're learning the u.s. trade deficit narrowed slightly in august as imports fell a little more than exports. the commerce department says the deficit dipped to $45.5 billion in august, the lowest gap in four months. >> susie: 11 years in jail-- that's the sentence fallen hedge fund billionaire raj rajaratnum got today for his role in a massive insider trading scheme that rocked wall street. the judge also ordered rajaratnum to forfeit nearly $54 million. the former head of galleon group was convicted of securities fraud and conspiracy in may. out of 2

>> it's a policy matter google does ask for the network neutrality and they've already for some time there is some question as to how vigorously pursue the last few years to make deals with other telecommunications providers to provide a watered-down version but the argument certainly is they are at the edge content provider and certainly a successful one. they have a product that people are -- very popular and very valuable to internet users, so their fear is that they are not allowed to get access to network customers without the screen of the broadband on esp and they may be cutting deals with their competitors they might listen their market position that might be a less preferred business model for google. the other side is they are engaged all kinds of lessons but mullen mitchell business, so if you are looking at for a clear wider market of broadband service providers wireless that uses the fourth generation technology that is partly owned by google and the of participated for putting in the google searches the default on handsets to lubber to delete to deliver it that is a vio

street view google plus you know who features on g. mail but it looks like the search tonight is making attempts at being more open through its unique transparency tool now it's tool isn't and necessarily anything new it does offer a chance for the public to see how often do we get served by governments with requests for information and so here's an on shocker if a lot for example the number of u.s. government requests for data on google users who might be involved in a criminal investigation has gone up twenty nine percent in the past six months now from beginning of january to the end of june this year government agencies sent five thousand nine hundred fifty requests which averages out to about thirty one per day so yeah i would still say that's a lot and that means that governments are increasingly turning to a person's internet profile be it social media our e-mail to dig up all the dirt they want and they're looking for google's help because let's not forget they have a scary amount of your personal information now google openly

with a look at how what google is doing right. i guess the answer is just about everything? >> that is true. google knows the u.s. economy is still we can. -- weak. it's boosting profits by going to other country for online advertising. >> this economy is not hurting google. >> the word springing to mind is gang busters, revenue up 33%. our quarterly revenue just short of $10 billion. >> google made a profit of $2.7 million for three months up from $2.2 billion from a year ago but the operating margin is slipping. 31% this quarter compared to 35% a year ago. 31% means it made 31 cents on every dloor it took in. google winning praise for investing in 3 d map graphics and a payment system. critics say it spends too much on ideas that zront a practical need. and chris jones follows google. >> encouraging employees to try something new. some will work, some won't work. >> google did hire 2600 people, most new college grads, another concern. >> and by houring us to be manageable to be balancing our short and long term needs. >> google

google is hard at work in listing partners like coca-cola to deploy google wallet, turning mobile phones into replacement autos we shouldn't expect anything to happen too quickly. dwoitsing to be two, three years process. >> and google says there is good news about social network service called google plus now next tuesday we get earnings reports from yet another bell weather, apple n san jose, abc 7 news. >> thank you. and the chief executive of the bankrupt fremont solar company solydra resigned. according to documents the ceo seen here on the left quit on friday. and three weeks ago refused to answer a question about the government loan guarantee that solydra received, coming on board after the loan was approved and dums claim he'd been planning to quit prior to the bankruptcy last month. solydra reported by wants to hire an attorney. >> and a former billionaire and founder of one of the world's largest hedge funds ordered to prison today on insider trading charges. the 54-year-old given an 11 year term, the longest insider trading sentence, ever and ordered to forfeit $50 million in

it shows me it sent my google payment. and all of my information should have been sent right to the point of sale and i have my receipt right here. >> reporter: the technology must be linked to a google card. >> we're holding this information and giving you an easy way to pass that information to a merchant. >> reporter: ted's market in san francisco is one of some 150,000 u.s. merchants set up to accept google wallet payments. >> for the people that use it they know what they're doing, and it speeds things up. >> reporter: during the lunch rush we spent at ted's market, not a single customer pulled out google wallet. but there was interest. >> i feel there's a lot of security stuck with it too though. i wouldn't worry about it too much. >> there's still some possible problems with somebody hacking the phone or what if somebody steals my phone. >> reporter: google says security is top priority. google wallet can be locked and requires a pin. >> if the screen is off, you can't pay. if you haven't entered your pin, the secur

>> beyond googling, looking up friends and acquaintances and data generally on the search engine google is so popular, it has a name, "googling." but when it comes to computer snoopg, googling is just the tip of the iceberg. online databases permit prying eyes to peer into divorce records, arrests, lawsuits, business property holdings, persal property holdings, current addresses, phone numbers some engines list maiden names, birth dates and social security numbers. can anyone with a home computer and an internet connection be big brother? is privacy obsolete? we'll ask evan hendricks and stuart pratt both experts in the collection and usage of information. if. for such a small word it packs a wallop. if i live to a hundred. if social security isn't enough. if my heart gets broken. if she says yes. we believe if should never hold you back. if should be managed with a plan that builds on what you already have. together we can create a personal safety net, a launching pad, for all those brilliant ifs in the middle of life. you can call on our expertise and get guarantees for the if in life

how important is washington to google or to the tech industry and vice versa? >> well, washington is the government and therefore they can screw us up. that's the simple starting point. and historically the high tech industry has largely ignored washington and in the last ten years after microsoft's experience everybody figured out that it was important to have representatives here and so forth. most of the tech companies, including google, have tried to stay in the lobbying for ideas phase as opposedto lobbying for specific sentences in specific bills, that seem mrs. palatable. most of the tech companies agree for example most tech companies agree with the importance of broad band policies, the accelerated broadband, help america, things like accelerated tax credit and those things. these are all export businesses. >> ifill: you said business can create jobs if tech comes back. does government have a role in that? >> government has a huge contribution to the economic situation in america. everybody understand this is. government is both an a standard seter in

is that the police are advising google here's what material might be breaking the law and then google decides to censor that material without a court order you can sort of understand that on the one hand because you tube is a it's a platform on a site it's not a search engine but really it is working in exactly the same way it's a public platform for us all to use me is wrong for google to start making those judgments with i the appearance of a court but i suppose the flip side is a lot of people would say that there is a need for rules of the people are protected from those who want to spread trouble via the web. yeah the there is a framework for that it is called the rule of law and the rule of law revolves courts if you remove the court from that system and just say well let's have corporate entities deciding what should or shouldn't be on the web then you stop having the rule of law and you have in fact actively vigilante justice operated by corporate entities not wrong because another story running parallel to this is been in the news last couple of days just couple of days ago w

google was an entrant into the market in 2002. i don't know if google is an incumbent and they might use some of the tactics against it and it fears isp's for maybe combining or integrating into their, you know, direct competition with google search. but i actually disagree with google's fundamental argument on the nature of the internet and the public policy imperative that would impose laws to protect any given business model. >> as you mentioned earlier, professor, the issue of net neutrality is rather unsettled. it's not for sure whether or not these rules are going to go in effect, is that fair? or do you see them going into effect soon? >> yeah, i think they will go into effect formally and that will happen soon. probably in the next month. and then there will be challenges, court challenges -- in fact, there have been some files that have been set aside by the federal appeals courts because the rules haven't been published. there's been a long, long lag there. but there's a very high probability that these rules actually wi

before we go, google. >> google. >> why google? >> why not google?hing about google is it's very accessible, so my mentoring platform, which links women in these developing countries to have mentoring relationships with people like us in countries like america so that they can actually have a one-to-one relationship, depends on an easily accessible platform. google is free, the google tools, google chat or google plus are available to everyone for free, so we train women to use the tools, and then they can communicate with their mentors and grow their businesses, and it's proved to be a very successful formula. >> sherie blair, thank you so much for coming. >> good to be with you, and good luck with the rest of your long, successful career. >> thank you so much, i hope so. >>> pretty interested when she said 1% of their earnings back into their families. the first week of our show has been exciting and challenging, and we hope you keep watching and help us grow with your feedback. we want to be interactive and you to be part of our team, but now on a

before we go, google? >> google? >> why google? >> why google? >> why not google?ery accessible. my platform which links women in these developing countries to have mentoring relationships with people like us in countries like america so that they can actually have a one-on-one relationship. google is free. google -- the google tools, there is google chat or google plus are available for everyone for free. so we train women to use the tools and then they can communicate with their mentors and grow their businesses. and it's proved tore a very successful formula. >> thank you so much for coming in. really appreciate it. >> it's lovely to be with you. good luck with the rest of your long successful career. >> thank you so much. i hope so. thank you. >> oh, it will be. >> pretty interesting there when she said that women in kenya bet men 1% of their earnings back into their families. the first week of our show has been exciting and challenging and we hope you're going to keep watching and help us grow with your feedback. we want to make this country the best it can be

google partnered with dog fish head to created a limited edition beer. put from employees worldwide for a flavor of the final product. it's described as a dark belgian style beer with coffee and chocolate-covered cherry flavors. interesting. it should be ready to drink in a few months. >> is there anything google is not going to do? >> i don't think so. >> the world is going to be owned by google. >>> why fighting the flu is going to hurt a little less. >> plus the new invention giving young athletes a leg up on the competition. >>> and currently we have temperatures into the 60s and 70s. we have rain moving in. we'll pinpoint the day to expect it plus, kim, we have your raider forecast. coliseum... and fourty-niners head c,, hi honey, what are you doing? just having some chicken noodle. starting my progresso soup for lunch plan, huh. nope, just having some tender chicken and some tasty noodles. let's see... south western vegetables... 60 calories, oh beef pot roast... ...ya' know those jeans look nice. they do? yup. so you were checking me out? yup. to

google plus profile instead of just for google employees.own saying it was his own decision to do that. >> say honest rant? oh my, bosses don't like honest rants. >>> something you likely use every morning. now california may begin calling it a carcinogen. the new battle over what is in your toothpaste. >> what police are saying may have lead to a shooting at a california salon that left eight dead. >> the latest on the developing thus as investigators and engineers continue looking for -- for a cause in last night's amtrak collision that has the jack london square station closed this morning. >>> what east palo alto's mayor is now vowing to do after a 6-year-old girl was hit and killed at a busy intersection. >>> i'm meteorologist leigh glaser if you are traveling today much of the country looking good. phoenix 98°, great falls, 55. rain in chicago 65 expected high there. in new york city 73°. flight delays good across california. elsewhere slow downs up to 45 minutes chicago o'hare because of the rain there also laguardia, newark even wash

and google could boost tech stocks today.he internet giant reporting better than expected earnings. stock flows miked on thursday as investors remain cautious and tepid economic data from china. a busy economic day today. we get reports on retail sales, inport prices, and business inventories. the nasdaq is up 15 to 2620. speaking of google, creating an online music store to compete with amazon and itunes. they're holding talks with music labels about licensing their song catalogs with only emi if close to a deal. so we'll see how that goes. have a great weekend. back to you. >> let's take you through your day in detail to start you out. you'll probably want to grab a jacket but you done need to. at noon our temperatures are in the 70s inland. then as you make your way home from work, ready to celebrate that friday. 82 in san jose. 72 in san francisco. now we have changes on the way for the weekend. we're expecting the potential for more cloud cover and maybe a few light showers in the north bay. when it comes to bedding, say

with the google plus network.e service is tentatively being called google music. it will let users hear sons free then download them for a fee. >>> statue of liberty celebrating her 125th birthday by getting with the times. webcams are being added to let new yorkers see new york's harbor as well as visitors on ground in real-time. the cameras are due to be switched on this friday commemorating the dedication back in 1886. >>> a new york performance artist is expecting quite a crowd for her next performance. bay the time it is over the crowd will have one more person than it started with. a woman has transformed a brooklyn art gallery into a delivery room and plans to deliver her baby live as part of an art exhibit she is calling the birth of baby x. the gallery will be open everyday as she and her husband wait for the baby's arrival. the exhibit is free of charge. >>> :24. was it road rage? the emerging theory in the case of a transit bus driver hitting and killing a hells angels on a east bay freeway. >> the twis

before we go, google? >> google? >> why google? >> why goiogle? >> why not google?le. my platform which links women in these developing countries to have mentoring relationships with people like us in countries like america so that they can actual lly have a one-on-one relationship. google is free. google -- the google tools, there is google chat or google plus are available for everyone for free. so we train women to use the tools and then they can communicate with their mentors and grow their businesses. and it's proved tore a very successful formula. >> thank you so much for coming in. really appreciate it. >> it's lovely to be with you. good luck with the rest of your long successful career. >> thank you so much. i hope so. thank you. >> oh, it will be. >> pretty interesting there when she said that women in kenya bet men 1% of their earnings back into their families. the first week of our show has been exciting and challenging and we hope you're going to keep watching and help us grow with your feedback. we want to make this country the best it can be and we wa

google is still trying to buy motorola for $12.5 billion. president obama takes a west coast swing this week while still trying to drum up support for his $447 billion american jobs act. and the authorized biography of apple co-founder steve jobs officially goes on sale this week. it's already topping several best seller lists. get all your business news on cnbc. >> and you can get your business news before the bell weekdays starting at 4:30 in the morning. >>> much more ahead on "today in the bay." still to come, volunteers jump into action to help a hawk in need. i we'll show you this rescue coming up. allstate wants everyone to be protected on the road. whether you're an allstate customer or not. all you have to do is call. [ female announcer ] call allstate now and you'll get a free lifetime membership in good hands roadside assistance. [ dennis ] shop less. get more. make one call to an allstate agent. [ female announcer ] and if you call now, your first tow in good hands roadside assistance is free! simply get a quote on any allstate i

>> you can go off of google maps go completely off. so you are not in contact with say four square or google plus or facebook, you have followers and you don't want them to know your location, you are off. >> here is what he is talking about. they have created m.i.a. to hide your electronically hide you. >> go ahead. >> put it in there. >> after one more ring, it stops. the pouch special lining keeps signals from going in or out. so is it a needed product? we asked these guys, they all carry work phones. >> it's great if i'm trying to dodge work. my boss is right here. >> you would never do that? this seems like a horrible idea. [ laughter ] >> we don't need to track them. >> sandra jenkins does like the idea not for herself but for others. >> originally was designed going into a meeting and turning it off and just lock it in and pull it out. >> okay. right. okay. >> does it seem like a good idea? >> yes, a very good idea. i know some people i would like to give this to. >> and as an added bonus discourage texting while driving. >> you

to you use map quest for google maps? >> i don't see bumper stickers--who would be offended if i don't use a big as a verb? all these map technologies are great. i all lead use google. >> what tips do you have for retaining the most knowledge possible? >> tips for knowledge retention for a knowledgeable team member. >> when people ask how i know all that stuff i feel like i don't have a good answer. i don't have a system or a tie in book that i can direct them to. most "jeopardy!" people would say they got on the show not through a system weekend of cramming but a lifetime of being a curious person. very aware of the world and omnivorous. not just most people where we could easily remember the stuff we are into the the other stuff goes in one ear and out the other. whatever the secret is make them interested in everything. i don't know. if by some miracle you become a person interested in everything and always have something to connect it to. you will want to know it and probably like having it in your head to tie on to.

is that the police are advising google hears what material might be breaking the law and then google decides to censor that material without a court order you can sort of understand that on the one hand because you tube is a it's a platform and a site it's not a search engine but really it is working in exactly the same way it's a public platform for us all to use and it is wrong for google to start making those judgments without the appearance of a court. now the big story tonight of course of emergency summit of european leaders in brussels we're now hearing it's just finished now have been trying to put the final touches on how to pull euro zone out of its spiraling debt we should get more details on that shortly the news was start to feed them through the noise of the woods yet we hear will of course growing concern the bickering and rivalry between politicians is now getting in the way or to join a bushel as more on the summit that's underway. germany's parliament has agreed to approve the bailout fund basically as an insurance for loans taken out by nations it did happen despit

. >>> looks like google is getting musical. google is building a music downloading store.h the google plus social network. it's called google music, letting users hear them for free and download for a price. >>> 2012 is a gooder in for several technology companies. they will rise by 20% next year. >>> statute of liberty celebrating 125th birthday. web cams are added to her torch to let viewers see new york har boor and visitors on the ground. cameras due to be switched commemorating the dedication in 1886. >>> recommendations from an attorney, surveillance video surfacing in the case of a missing child, could he

so if google is able to be breached and, um, google is offering an array of cloud services -- not just google, but other very well known innovative tech companies are providing cloud service services to the government -- is that a concern when you have news of a breach coming from another country? >> guest: i think the way to look at this is that it is true that cyber attacks are increasing. your own "communicator" program has interviewed many people who have testify today that. the fact is that we're seeing rapid increases in cyber attacks, and they're coming from all corners of the globe. the federal governments has formal structures on how to secure its systems, but even with those formal structures, there are federal systems that have had security issues, and those are well documented. when you're looking at using a public service provider who's a vendor regardless of what that vendor is, there are advantages and disadvantages. the advantages you pick up is you have to recognize those providers are on the internet each and every day and, therefore, they are exposed to and have to r

google. >>> you can interpret that steve jobs is frightened by google. probablily rightly so. the biographies will be in stores. jobs tells his biographer that walter jacob sen. he thought he stole from apple when it developed the system. outside of search, google's products ann droid google docs are the same bad word. the "wall street journal" says google might help finance the purchase of yahoo by a private search of investors. in many ways google helped the existence of yahoo! because it's competition. google accused of dominating search. to pay is so crazy it just just might work. netflix opens the book to investors. more about profits we care about subscriber numbers. the overal value has fallen. he told the new york times he won't step down. won't consider it for a second, he says. >> thank you, scott. laura? >> no kidding. 6:27 now. still to come on "today in the bay." several san francisco mayor candidates raising concerns about how ed lee supporters are acting leading up to the elect

is that the police are advising google here is what material might be breaking the law and then google decides to censor that material without a court order you can sort of understand that on the one hand because you tube is a it's a platform and a site it's not a search engine but really it is working in exactly the same way it's a public platform for us all to use and it is wrong for google to start making those judgments with i the appearance of a court. and some more international stories for you this hour with high tides on the way they told sorties over any of the higher risk of flooding in by incog after months of rain which killed over three hundred sixty of the country since july a combination of tides and floods could submerge low lying city districts up to one point five meters of water recently installed as sand barriers have been removed from a can now in the west of the countertop to help ease drainage flood should bangkok second airport on tuesday as some of the nine million plus residents tried to flee the city. most of others including a two week old girl have been rec

sales up 33% to nearly $10 billion, and google+, this is google's answer to facebook.ut with 10 million users. in the beginning of the quarter. now there are 40 million -- i almost said 40 million losers. 40 million users on google+. >> yes, certainly not losers. >> not at all. >> are you going to be out standing in line to get a new iphone 4s. >> there are men of them. you don't need to stand in line. >> you won't partake in the craziness? already 200 people in line at the new york city store. >> i can't believe it. not me. not me. i like to wake up and come in here early in the morning.