Microsoft ( MSFT) is trending as the software maker has shaken up its management following the sudden departure of Simon Leung, CEO of the company's China region. Leung, who is leaving for personal and family reasons, will be replaced by Ralph Hauptner, currently vice-president at Microsoft Germany. Microsoft has reshuffled some of its other top executives in light of the move, with Gordon Frazer, managing director of Microsoft U.K., exchanging roles with chief operating officer for greater China, Michel van der Bel. Leung will step down from his position at the end of the month and will remain an adviser until August. In his role, he has overseen efforts to fight piracy and improve property rights protection, two main focuses that will be adopted by Hauptner in his new position.
George Soros is another popular search after the billionaire investor has spoken out about the eurzone, saying the crisis in the region has entered what he calls a potentially more "lethal" phase. In an op-ed piece Soros wrote for the Financial Times, he said that the European Central Bank's capital injection did spark a global rally but hid "underlying deterioration" in the eurozone. Soros said the region's fundamental problems have not been solved, and while the crisis may have entered a less volatile phase, it could be more a more lethal one as well.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move. -- Written by Brittany Umar.