Web sites and merchants can integrate Google Checkout into their sites as an alternative payment processing method to existing checkout and credit card processing systems.
read more | digg story

According to the WSJ, Google will release a Web-based spreadsheet application tomorrow. It will first be available on a limited basis (i.e., some sort of beta). Microsoft is well aware and continues to invest in its own on-line services.
read more | digg story

Not so sure… At least, not yet.