struggling internet company has been without a ceo since early september when the company fired carol bart and morris. morris will return as yahoo's chief financial identify. >>> east palo alto city council will meet to consider possibly suing facebook. some city officials believe the social networking giant's growth in menlo park will have an unfriendly impact on residents in east palo alto. amy hollyfield is live at facebook's headquarters with the story itch >> reporter: the mayor of east palo alto told me she met with -- met with facebook this morning to discuss her concerns she says one in a series he says it is important facebook does what it can to make sure the move is beneficial to the community and the company. city leaders recognize there are a lot of positives with having facebook here. >> we are excited that an internationally known corporation like facebook is moving into our neighborhood. >> reporter: east palo alto city officials are hoping the move to menlo park will buy jobs and other positive impact to their residents as well. the enormity of facebook concerns them. the

struggling internet company has been without a ceo since early september when the company fired carol bart and morris. morris will return as yahoo's chief financial identify. >>> east palo alto city council will meet to consider possibly suing facebook. some city officials believe the social networking giant's growth in menlo park will have an unfriendly impact on residents in east palo alto. amy hollyfield is live at facebook's headquarters with the story itch >> reporter: the mayor of east palo alto told me she met with -- met with facebook this morning to discuss her concerns she says one in a series he says it is important facebook does what it can to make sure the move is beneficial to the community and the company. city leaders recognize there are a lot of positives with having facebook here. >> we are excited that an internationally known corporation like facebook is moving into our neighborhood. >> reporter: east palo alto city officials are hoping the move to menlo park will buy jobs and other positive impact to their residents as well. the enormity of facebook concerns them. the

the company has been without a leader since it fired carol barts in early september. kyle thompson will be the new ceo. he will be the fourth ceo in fooi years f five years for the struggling internet company. >>> preparing now for possible bankruptcy if it can't sell enough of its patents to stay afloat. the company would operate normally during bankruptcy proceedings. they may be d-listed from the new york stock exchange. >>> what do the jobs numbers tell us about where the economy and the markets are likely to go this year? joining me now, diane swonk, chief economist at mezerau financial. happy new year. >> happy new year to you. >> unemployment rate down to 8.5%, best number in about three years. but nitpick this number for me. was it as good as it looks like on the surface? >> i wish i could say it was. the trend is in the right direction, but what's interesting, we got some jobs in construction that were really largely due to the fact that it's been 60 degrees here in chicago. not usual for december weather. that unseasonably mild winter weather really disturbs

he was replaced by carol barts. she would come back to haunt the company. carol bartz was fired as ceo. she failed to turn the company around. investors glad to see the back of her. yahoo shares jumped 12% in the two days after that. on october 1st, just about a month later, this happened. basically yahoo shares surged 17% in two days after jack ma, the founder of e-commerce giant alibaba said he wanted to buy yahoo lock, stock, and barrel. this is how they closed yesterday, but it did pop 3% on news of yang's departure as he's been seen as a block to change. many think that change was due. >> i just want to go back to something you said there. one of the deals that didn't succeed under the yang leadership was that merger. jack maher wanting to buy yahoo back for his company alibaba. >> it's been a question in the past which fish is bigger, alibaba or yahoo. i spoke to richard lye, editor in chief of in gadget china, and he says that alibaba is the bigger of those firms. >> in many ways, it's more successful and has grown much, much quicker than yahoo over t

he follows carol barts after she failed to turn the internet company around, we ask the what this new ceo needs to do. >> once they figure out what their primary objective is, make that the main focus of your page, and everyone will be able to say well, yahoo. >> they've got to figure out how to be different from google. google is the king. they do search really well, it does email really well. yahoo has to figure out what they're going to be the king of. >> reporter: thompson says he needs some time, but time may not be what he gets, as stockholders are still angry over yahoo turning down microsoft's offer to buy the company when it had more value. >> the one of the most valuable brands on the internet. it's not going broke, it just has lost its way. so it's not dead yet. there's a core here that can be rebuilt. >> reporter: analysts say next few months may result in layoffs, as the company figures out what to do next. >> more details on yahoo now. shares fell 51 cents today, or about 3%. they closed at $15.78. >>> tomorrow, the east palo alto city council and the city's redevelop ag

and he was then replaced by carol barts, fired in kept. and he says he appreciates the enthusiasm and is confident thampson will lead yahoo in the right direction. but more resignations may be coming down the pipe. listen to what the bloomberg contributing editor hold toeld us just minutes ago. >> we've probably got a fantastic golden parachute and wanted to make sure he had zero connection to, we'll say against employees as a company that can block him from doing things he wanted to do. that is probably what he took to yank him out of pay pal and into yahoo. my guess is that the door won't stop swinging until it hits. >> so what is next for yahoo? he thinks large layoffs and plans are come together company very soon. needless to say this could be the beginning of an exodus. and we'll keep you posted as events continue to unfold. u.s. stocks ending higher but not as a high. they paired gains after an unexpected drop in earnings. your bloomberg index is up slightly with shares of syma symantech leading the way. >> and there is a lot of thic

it's they have been without a permanent ceo since early september when they fired carol barts after losingth her attempts to turn and run the company. he has served as president of payout, the ebay online payment service since january of 2008. >>mark: -- >>james: we are back with more in the couple of moments. her >>darya: leer have tracked a burglary suspect. q we are out there looking as well as police tried to track him down. >>james: authorities have lots of streets in search of the suspect. we will have all that coming up in two minutes. >>darya: good morning. we are beginning with a developing story out of this out davis where authorities in san jose are searching for a suspect.

he follows carol barts after she failed to turn the internet company around, we ask the what this new ceo needs to do. >> once they figure out what their primary objective is, make that the main focus of your page, and everyone will be able to say well, yahoo. >> they've got to figure out how to be different from google. google is the king. they do search really well, it does email really well. yahoo has to figure out what they're going to be the king of. >> reporter: thompson says he needs some time, but time may not be what he gets, as stockholders are still angry over yahoo turning down microsoft's offer to buy the company when it had more value. >> the one of the most valuable brands on the internet. it's not going broke, it just has lost its way. so it's not dead yet. there's a core here that can be rebuilt. >> reporter: analysts say next few months may result in layoffs, as the company figures out what to do next. >> more details on yahoo now. shares fell 51 cents today, or about 3%. they closed at $15.78. >>> tomorrow, the east palo alto city council and the city's redevelop ag

it has been without a permanent ceo since early september when yahoo fired carol barts. >>> there islan to block facebook expansion plans. the city of east palo alto may file a giant lawsuit against the social networking giant. they are worried that facebook's new home in nearby menlo park will lead to huge traffic jams & other problems. last month facebook completed its move and now it wantons crease both the space and the number of workers at its new headquarters there in menlo park. >>> sal, is it getting busy at the toll plaza? >> they are. we do have a crowd at the toll plaza. you can see traffic is getting a little slower. for some reason it hasn't reached full strength. we are not complaining. we are not hoping for more delays. it's about a ten minute wait right now. this morning in san francisco we have crowded conditions on 101 north and southbound approaching the 80 split. no major problems. we are hear of -- we are hear of a major problem in tracy. just west of highway 5. not one but two trucks involved in an accident. there is a report that both of them are overturned. on

thompson replacing carol bart, fired by yahoo! last september. wall street as of today not all that impressed. shares of yahoo! falling 2.5% on the news. a better day if you are a netflix investor. a while since we have said that. had its best day in a long time. the company rallying on news that netflix customers watched 2 billion hours of streaming video over 2 months. up 11%. potentially good news if you have multiple smart phones on your data plan. that can get expensive. talk of a family data plan. not yet, ceo of verizon says possible 2012. 200 million play their games every month. today zynga launched a new one. we talk you inside company hud quarters for an exclusive look how they got it done. you can forgive the zynga team for being dog tired. >> every team has a unique sound track, animation. >> reporter: the company wrapped its latest game. >> this is a place of mystery. >> reporter: called hidden chronicles the first release, since a billion dollar ipo. >> the game is mystery, mep reand skill. >> chronicles creative director, kara who

is considering thompson after looking for a new ceo they fired carol barts last year.son is experienced mostly in the financial word. it's not necessarily a terrific match for what yahoo! does, but barts wasn't a good match either. if yahoo! goes to thompson, it means they ignored my campaign to make big knew come a head of yahoo!. he was recently separated from his job as managing partner of the san francisco giants though he has long experience in high tech as a lawyer. if there's anything yahoo! can use in the next couple years it's a good lawyer. >> thanks so much. >>> well said. it is 5:24 right now. still to come on today in the bay, students finally heading back to class after a massive fire tore through their campus. >>> a san francisco zoo has a monkey on its back, but it's not giving out a reward just yet. >>> mother nature is rewarding us with the 70s in many cities today. we'll tell you if that's yours and how long this warmup will last in my full forecast. >>> those 65s on the roadway, going to be less of them during the morning commute. i have a new incid

now, he joins yahoo. 50 is replacing carol barts who was fired curious also has served as frozen of paypal since january of 2008 and served as the senior vice president and chief technology officer. here's a look at the numbers. wall street not looking very good today. not horrible, just off from yesterday's gains. the dow is now down 29 flints. marks as a live look into more in iowa, the podium is set up for michelle bachman. there's quite a bit of room of going on that she will announce dropping out of the race. she had a poor performance last night in the iowa caucuses. we're waiting and watching to see if she will make some sort of announcement today about the future of her campaign, back with more in a minute. >>james: and world news, video of a rescue underway as hundreds of a flood victims in thailand are struggling to get to dry land. they're trying to get everyone to higher ground. more than 100,000 people have been living in harsh conditions for over a month. 20 schools have been suspended on this first day of to dozens of. >>darya: we could use some rain and snow. >>erica: we ha

it has lost ground in advertising in four months ago they fired carol bart as ceo and several groupse called for the sale of the company in recent months. google is giving itself the equivalent of 100 lashes by downgrading google chrome for the next 60 days it will not rank in the top results. this is due to the pain the loggers to right post promoting crone. and there is a new report saying that the company is gunning for beyond 40 in. recent reports claim that 32 and 37 in. tvs are being prepared for the summer between 12 launch. stay with us, more news after this break miriam with the "name your price" tool, you tell us what you want to pay, and we give you a range of coverages to choose from. who is she? that's flobot. she's this new robot we're trying out, mostly for, like, small stuff. wow! look at her go! she's pretty good. she's pretty good. hey, flobot, great job. oops. [ powers down ] uh-oh, flobot is broken. the "name your price" tool, only from progressive. call or click today. >>catherine: and her actor nick canada is in a hospital after suffering a minor could mean a mi