after jerry yang steps down. >>> welcome back, everyone. great internet blackout is in full force. >> thousands of sites have gone offline this morning in protest of two proposed anti-piracy laws that critics say go too far. scott mcgrew says those critics have made their case. >> good morning to you. this site really is over. you can't find a congressperson in washington right now who thinks the two bills you mentioned are worth fighting for. hearing scheduled by san diego congressman darryl issa that would have attacked those two laws were canceled today. let's take a tour around the internet. wikipedia in black sha, taking english language offline. there are two funny tweets from high school students angry about wikipedia offline. and craigslist. you can click through at the bottom of that site. google didn't go offline but instead added a black bar over its logo. >>> yahoo! founder jerry yang said he would step down from that company's board and a day later market shares are higher. john, first shakeup since yahoo! got a new ceo, scott

co-founder jerry yang resigned from the board. yahoo is struggling to grow and keep shareholders happy. and there is more on this surprising decision. >> that is right. surprising and big news for the valley. jerry yang's resignation is sending a signal that something may nbt works. jerry yang took a lot of heat when blocking an effort to buy yahoo in 2008. that was a deal worth $44 million. young is a co-founder of the company with a fellow class mate thought they can reinvent the company against growing competition. and criticism grew. the stock langished. molly wood, execkive ed heitor at c net thinks a change is in the works. >> it's possible that scott thompson made a statement to the board and said maybe look, we're going to turn yahoo around. i need to be able to act independently. and insiders say that that has been a problem all along. >> and you've been with a company like that and it's your baby. skm that is what yahoo needs right now. >> yang saying my time at yahoo has come for me to pursue other interests outside of

it's hard to imagine jerry yang leaving yahoo while the company was still independent. >> reporter: yang founded yahoo with david phi low in 1995 and it quickly became the go-to destination for early internet users. >> yahoo is undeniably at one point a very central nexus of a lot of people, a lot of communities and a lot of connections online like very early on when there wasn't a whole lot else going on. >> reporter: but recently, yang had to step down as ceo. he alienated shareholders by turning down a chance to sell yahoo to microsoft and he was chastized in congress over dealings with china. >> these were demands by a police state to make of an american company a co- conspirator in having a freedom- loving chinese journalist put in prison. >> while i think jerry yang has had a rough couple of years, no question, i think that he -- yahoo made some questionable business decisions in china that not everyone was a fan of. obviously, their stock has not been doing well. and the company just seems to have lost its way. i think he's so committed to the yahoo way and to everything that they

. >>> jerry yang will leave the company he created during the '90s dotcom bubble. it comes days after microsoft's bing overtook yahoo! as the second most popular search engine on the web. both still trailing google. let's look at the markets as we get all up in your business this morning. jeff cutmore is live in london. good morning. >> good morning to you. that is a great story, isn't it? many people are asking what is yahoo!'s reason for existing now when you've got google and facebook, as strong as they both are, in this web space. jerry yang goes with people thinking back to the time when he was ceo previously and microsoft slapped a $45 billion offer for the business on the table. he took a lot of criticism at the time for that. second time around, of course, people are saying he has not got the magic formula for turning this business around. that's why the shares traded up on his departure. that's a testament to how the investors felt about the way he was managing the business. back to you. >> the lead sentence in "the wall street journal," jerry yang rode ya

co-founder and former ceo jerry yang has quit the company that he helped start in 1995. his abrupt departure comes two weeks after the onetime internet giant named a new ceo. yang has taken heat for his handling of the yahoo! affairs going back to the aborted sell to microsoft. analysts are saying yahoo! probably won't put the for sale sign out just yet preferring to go it alone for now. john, back to you. >> that will be interesting to watch. we'll keep our eye on it. thank you very much. >>> keep our eye on the forecast, and christine joins us. a cold start. >> a cold start, but the freeze warning in place is only for the south bay. that's good news. we don't have a freeze warning in place because temperatures are much warmer this morning in santa rosa where we hit only 20 degrees yesterday. an 11-degree jump this morning, but still cold enough for black ice to form. one more time the freeze warning is in place just in the santa clara valley until 9:00 a.m. this morning. the big story is the rain on the way. we've got a lot of it coming. and it starts tonight up in the

jerry yang co-founded yahoo in 1995 and shared a title of chief yahoo. young was criticized for blocking an offer from microsoft in 2008 to buy yahoo. a into hoo is having trouble competing against google and the stock langished. share holders have been urging a shake up of the board and with the departure an obstacle can be gone to selling the company. >> that is a tough nut to crack. so far the name coming up often is alibaba. there is a question whether microsoft will come back. and it may be different with yang gochbl you never know. >> to be a founder of a company like that and this is your baby. have you a hard time to make the difficult decisions and changes that need to be made and that is what yahoo needs now. >> and staying quote my time encompassed some of the rewarding experiences of my life. and the time has come to pursue other interests. and the changes could involve charges in the board of directors. yang remains an icon but now, after 17 years after co-founding the company jerry yang no longer works here. david louie abc 7 news. >> thank

jerry yang has been surrounded in controversy. he kind of annoyed shareholders back in 2008 when microsoft kinect offered to give the company $48 billion for the company. he said no. shareholders said what are you doing? now the company is valued at around $20 billion. he is resigning. so what is next for yahoo!? >> microsoft offered by that company at twice the price that it is currently trading at. what it does allow is for a swap to happen with asian operations so they can focus on the core business around the world without having to worry. it is definitely a takeover target. they have a new ceo whose job will be to make sure the company continues to be successful. it is still very good company with a good brand. >> the old blood is out of the way and new blood is in and maybe they can try to turn the company around. so stocks are up on that news. still to come, a new kind of united russia party, a special report looking at reportwho created the league of voters. greece's prime minister has indicated a country will hold electio

why jerry yang stepped away from the company he cofounded. >>> a big trivia to the 49ers. we will take you to a rooftop tour of the embarcadero center. ♪ jumbaco! jumbaco! jumba-jum- jack, i don't know why you keep pushing the jumbaco. research shows normal people like the jumbo deal. your classic jumbo jack made with 100% beef, two tacos, fries and a drink for just $4.29. it's all their favorites in one meal. they killed my jumbaco idea? i tried. hello, progresso. it fits! fantastic! ring, ring. progresso. they fit! awesome. thank you. [ man ] ring, ring. pro-gresso. they fit! okay-y... okay? you don't understand. i've been eating progresso because there's... 40 flavors 100 calories or less and now my favorite old jeans...fit. okay. is there a woman i can talk to? [ female announcer ] tell your story at progressosoup.com for the chance to win an ultimate makeover in hollywood. >>> developing news, we have just received word of a child abduction out of stanislaus county. law enforcement officials say a 16-year-old girl was kidnapped at 8:55 this evening in solita which is

why jerry yang stepped away fr sweetheart. we need to talk. i've seen your stunts online. i can explain... jumping a ramp in a shopping cart. so 2005. wait, what? and only 3 likes? honey, it's embarrassing. carol's son got over 12 million views on that dancing squirrel video. don't you want that? i...i suppose. now go make your dad and me proud. try something funny. [ male announcer ] now everyone's up to speed. get high speed internet for $14.95 a month for 12 months with a one year term. at&t. >>> developing news, we have just received word of a child abduction out of stanislaus county. law enforcement officials say a 16-year-old girl was kidnapped at 8:55 this evening in solita which is in the central valley. the little girl was identified at cristina anderson. the suspect is calvin rodriguez a 38-year-old man who is latino. the highway patrol says he may be driving a 2003 brown gmc yukon. california license plate number 6hgg186. >>> one of the icons of silican valley has left the company he cofounded. jerry yang is stepping down from the board of directors of yahoo. ll

it's hard to imagine jerry yang leaving yahoo while the company was still independent. >> yang cofounded yahoo with david filo in 1995 when they were graduate students at stanford. yang took a lot of criticism from shades of as ceo in 2008 when he -- from shareholders in 2008 when he blocked a takeover from microsoft. >>> elizabeth has the forecast. >> we're all getting excited about the rain. we need it. today is going to be dry for the most part but we are talking about cold temperatures again. much of the bay area or at least one spot in the bay area is under a freeze warning. looks like it's the santa clara valley including most of the south bay, san jose, morgan hill, temperatures there going to be in the 20s to low 30s so yeah dipping those temperatures once again. temperatures outside right now at or below freezing in some spots. check the north bay valleys. napa 33. fairfield 31. it is going to feel a little warmer out there this morning than yesterday, but it's obviously still cold when you're dealing with at or below freezing temperatures, you still want to bundle up. 40 oaklan

. >> it was a very polite and effective resignation letter that pointed out that jerry yang decided to move on to other things, and wishing the new chief executive all the best. but the fact that he came in just two weeks ago suggests that there is obviously changes afoot within yahoo!. and for the co-founder to leave the board after 17 years, came as something as a surprise. and he's not been terribly popular with the shareholders since 2008 when he was chief executive and he rejected a bid, $47 billion bid from microsoft, to buy yahoo! in its entirety. and the company has been struggling really to break in and get through to the very lucrative social networking sites that are currently dominated by facebook, something that google has struggled with until recently, to really make an impact on. so really, it's a matter of what the place of yahoo! is going to be in the future. this is a hugely influential company, a huge company in the u.s., a big name worldwide online. but very much a site which has struggled to make this move and to have a vision. i think that's what the shareholders

jerry yang stepping down. but no reason was given. he helped start that company back in 1995 with his partner, both stanford business grads. >>> former mississippi governor haley barbour is defending a move he made just before leaving office. he grand over 200 pardons. many went to convicted killers. he spoke on "cbs this morning." >> for decades, the mansion part of the staff are trustees from the state penitentiary. in my time all but one of them have been murderers because the experts say that those are the people who are the least likely to commit another crime and that they are the ones who will serve the best. i have found that to be the case. >> barbour says his pardons were based on the christian idea of giving people a second chance. you can see him talk about it the focus of "cbs this morning," starting at 7:00 right after our program. >>> meanwhile it is not only cold outside but we have a little bit of rain coming. let's kick it over to elizabeth and find out how much and weather. >> i have to say i'm getting a little exci

yahoo shares getting a boost on those headlines about jerry yang resigning this gives the new chief execits stake alibaba and yahoo japan that is what investors are liking about yang's departure. sources flushing out apple's plans to beef up educational content for the ipad. software chief will make the presentation that focuses on tools that will make interactive textbooks for the kindergarten through 12 grade crowd digital textbooks are cheaper and take up less space in the backpacks. couple things that should be pushing stocks higher i guess they are a little. goldman sachs posting a big jump in profit, mostly on cost cutting not robust business. imf planning to increase funds it has available to lend by half trillion. world bank cut its global growth forecast. barely moving markets dow up 13, slightly in the green across the board. bloomberg silicon valley index higher. california public employees retire system faking another step back from the real estate business selling its interest in 28 housing developments including 16,000 un home sites the largest public pension plan says it i

. >> and as we reported at the top of the newscast, yahoo co-founder jerry yang is leaving the company. for more on how analysts and wall street are reacting let's go to emily chang from bloomberg west. >> this was surprise news of the resignation, yang co-founded yahoo but had come under pressure from major share holders including one who called his word abusinessa. this is as yahoo faces a difficult task to prove it matters in the era of face book and google. and two weeks after scott thompson was named new ceo, yahoo asked him to complete a review of the board. question is will they follow him out of the door? this afternoon saying he's thrown in the towel giving him a cleaner slate to explore options. 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 conn

that one develops. >>> we're going to stay on the internet for a moment because yahoo's co-founder jerry yang has resigned from the board of the faltering tech giant. yang, known as chief yahoo founded the company in 1995. the past several years, he's been criticized for holding up major investment deals, leading to a fall in the stock price. remy, you've been looking at the story of yang and yahoo. certainly he's been a controversial figure with the company in recent history. >> he definitely has. most analysts and investors are seeing his exit as heralding a happier and hopefully more profitable future for the company that include yahoo selling off its stakes right here in asia, such as tech giant ali ba alibaba or yahoo japan. yahoo's stock has fallen 54% since 2007. it hasn't bounced back. they saw a big merger with microsoft go up in smoke in 2008. microsoft made a hostile takeover bid of $47 billion. it did rocket the share price, and yang rejected it. investors weren't happy. he was replaced by carol barts. she would come back to haunt the company. carol bartz was fired as ceo. she fai

jerry yang resigned this afternoon just two weeks after yahoo hired a new ceo.sked tom to look into what this means and he is here with what he learned. >> reporter: for a long time jerry yang has been under fire for miss judging the prospects of his own company and underestimating the competition he faces. the battle worn co founder said he resigned from all positions directly with yahoo and other major interests it holds. he said my time from its founding to the present has been some of the most excite examining rewarding experiences of my life but the time has come to pursue other interests outside of yahoo. we spoke to rob who said the new ceo had to get rid of him. >> he been hurting the sale, a very loud founder on the board, a new ceo first step is to make sure they have a -- a clear course to sail and get everything out of the way and he would have been one of them. >> reporter: remember it was just three years ago that yahoo with yang we rejected a buy out for $47.5 billion. today they are worth less than 20 billion. >> i think it's -- regardless it'll

statement today from jerry yang. who resigned his position on the board. >> any minute now the world most popular on line inpsych lo peedia is shut down in protest. this is for the moment what you see when you log on to wick peed but it's expected to go dark any minute now. it's against an anti-pirate bill under consideration in congress and they are protesting that bill. this now is a live look at what is happening if you sign on to google this moment. the logo blocked out there. supporters say the legislation is needed to protect intellectual property and jobs but many people in the tech industry say the legislation would give courts the power to take down a web site just for associating or linking to foreign web sites or company under sues pichlingts effectively limiting their first amendment rights. >> this could interfere with free speech right of companies like google to link to web sites that are accused of copyright violations. so even though google may not have done anything wrong simply linking to it could

it is parting ways with it's cofounder, jerry yang. he will step down today from all positions of the country. they started yahoo while student at stanford. he rejected a buyout bid by microsoft. he said he wants to pursue other interests. and we will look at what yang's departure means for the future of yahoo. >> a teenager hunted by police for assaults turned himself in today. they say the teenager turned himself in to the juvenile hall this morning. yesterday investigators took the unusual step of releasing the juvenile's name in hopes it would pressure him to surrender. >> whatever the reasons are that caused him to turn himself in, if that was pressure from the media and community, if that's what worked, that's great. >> police say he approached his adult female vehicles on bicycles, and he robbed them and then sexually assaulted them. >>> an east bay family had their home destroyed by a family. five people were sleeping inside the house on walnut street in martinez when the fire broke out overnight. firefighters believe a wood st

and now cofounder jerry yang stepping down from the company's board of directors.s is seen by many analysts out there to open up the possibility of yahoo selling its massive stakes in two asian companies. e-commerce giant alley baba out of china and yahoo japan. the value of those companies combined could be worth more than $10 billion. there are reports that yang didn't want to do that wanted to take the company private. this will likely open up other strategies for yahoo. home sale side inflation actually fell 1/10 percent in december. string out fuel and food, prices were up. industrial production rose a .5% in december thanks to a strong manufacturing gain. stocks are treading even for the most part. got the dow up by 13 points. nasdaq is gaining 8. s&p up by one. yahoo shares are rising on the yang news. they are up about 2.5% this morning. >> thank you. >>> obesity rates are still high here in the united states. but they haven't increased much in recent years. the centers for disease control find no change in the rate of obesity from 2007 to 2010. it's estima

jerry yang is parting ways with his own company. the company said today that yang is stepping down from yahoo's board. no reason was given, but the move launched a lot of speculation about yahoo's future. >> i would be surprised if there isn't an announcement soon, within a week or two, about yahoo being acquired or some sort of majority stake deal. it's hard to imagine leaving yahoo while the story was independent. >> yang helped find yahoo!. he took a lot of criticism in 2008 when he blocked a takeover attempt by microsoft. >>> tonight, several major websites are offline. not because of technical problems, but they are protesting two laws. sayer shows us those between o silicon valley and hollywood. >> this is what wikipeed yay looks like right now. it's a web protest designed to cause attention to two bills which will trample free speech rights. >> i am supporting the black out. jay says there's a lot at stake to stop on rine brief si act. both bills are aimed at helping hollywood and others. >> i think this act is going to hurt

jerry yang is parting ways with the company. the company said today that yang is stepping down from yahoo. no reason was given. but the move launched a lot of speculation in silicon valley about yahoo's future. >> personally, i would be surprised if there isn't an announcement soon about yahoo! being acquired or majority stake deal. it's hard to imagine him leaving yahoo! while the company was independent. >> yang helped found yahoo! in 1995 and took a lot of criticism from shareholders in 2008 when he blocked a takeover attempt by microsoft. >>> also tonight, several major websites are offline. not because of any technical problems. they are protesting. two laws currently working their way through congress. mark sayer reports, those bills center around a battle between silicon valley and hollywood. >> this is how wikipedia looks right now after the english version was taken offline. it's called attention to two bills working their way through congress which will trample free speech rights. >> it's a pretty ridiculous act. >> as

. >> jerry yang is stepping down from yahoo, the company he created. that late this afternoon two weeks after the company hired scott thompson as ceo. yang has been on the board since it was founded back in 1995. the new c, o said jerry leaves a legacy of innovation and customer focus. having shaped our culture by fostering a spirit of innovation that started 17 areas ago and continues to grow stronger today. >> several major websites planning a one day blackout tomorrow to protest anti piracy legislation being debated in congress. wikipedia will shut down for 24 hours. twitter and google will stay up but google will post a statement opposing the bills. the senators sponsor the protect the ip act and the stop online piracy act. movie studios and recording companies say they are necessary to fight online piracy but content presenters like wikipedia say it'll hurt free speech giving the government the right to shut down websites. >> occupy san francisco is planning another protest promising the biggest turn out since anti-war demonstrations in 2003. orga

starts the morning 3% higher after jerry yang stepped down suddenly tuesday. san francisco-based wells fargo reporting it made 20% more money last quarter thanks to making more commercial loans. it wrote off more than $2 billion in bad personal loans, credit cards, mortgages, that kind of thing in the same time period. that's better than last year when wells fargo gave up $3 billion of bad loans in the same time period. back to you. >> thank you very much, scott. >>> it's 5:57 right now. still to come on "today in the bay," a bay area city is handing out hundreds of pink slips this morning. i would have the details in a live report. >>> plus, the winning tweet, you on a man convinced 49ers he deserved free tickets to sunday's big game. >>> and the bulk of the moisture from the first storm stays to our north today, but we've got a lot of rain on the way. i'll tell you how much we're expecting at your doorstep and how much fresh powder's headed to the sierra nevada coming up. >>> and as we approach 6:00, we've got a lot of traffic on the way as well. i'll show y

. >>> jerry yang the founder of yahoo is leaving the company. no surprise by workers. but he said his 17 years at yahoo quote encompassed some of the most exciting and rewarding experiences of my life. he plan on per sue -- pursuing other interests. but they think it will benefit the company yang loves. >> giving up something is very difficult. >> stockholders are still angry that yang rejected a $47 billion microsoft buyout four years ago. >>> bay area people looking for work may find what they want at a job fair in san francisco today. the job fair is being held at the holiday inn golden gateway. it runs from 11:00 this morning until 2:00 this afternoon. employers including unigon, san francisco chronical. potential employees are asked to bring several copies of their resume. >>> mitt romney is responding to criticism about not releasing his tax information. >> from investments made in the past rather than earned an annual income, i get a little income from my book. but i gave that all away. and then i get speak evers fees from time to time but not very much. >> romn

jerry yang resigned from the internet company's board of directors.g upset shareholders in 2008 when he turned down a $47.5 billion offer to sell the company to microsoft. >>> and if you like your fast food really, really fast, listen to this. burger king is testing out a new delivery option at some of its washington, d.c. area restaurants. for a $2 fee, customers can get their burgers and fries delivered to their home or office. they can even place orders on the web. burger king says it will expand the service to more locations next week and then decide if it wants to take it nationwide. betty, it's like a dream come true. i don't even have to get off the sofa. >> i know. i am ready to order breakfast right now. >> me too. sounds good. >>> joining us live in new york, thank you. >>> straight ahead, your wednesday morning weather. plus in sport, a once in a lifetime shot you will want to see once again. stay with us. ♪ [ gasp ] [ mom ] my husband -- he thinks it's a 3-sheeter. i say 1-sheeter. bounty can clean the mess with less. [ female announcer ]

the cofounder of yahoo jerry yang is leaving the company this just two weeks after the struggling company hired former paypal exec scott thompson as its ceo. >>> better bundle up. the bay area is in for another big chill tonight. roberta is here with more on the freeze warning. hey, roberta. >> one more night of cold temperatures but not as cold as last night due to the increasing cloud cover. good evening, everybody. go ahead and take a look at this red highlighted area because that's where we have another freeze warning in effect. it encompasses the santa clara valley as well as the san joaquin valley. but we are going to concentrate on san jose, santa clara, also the almaden valley, alviso, alum rock, that's where temperatures will tumble into the low 30s subfreezing in san jose at 31 degrees. it will be 30 overnight in redwood city. we have temperatures in the 20s and 30s again but 40s the closer to the bay of water so while we have one more night of extremely cold conditions, say so long to the sunshine because once it least us tomorrow, it won't be back until next thursday. we have

jerry yang resigned from the yahoo board of directors, as well as the boards of yahoo japan and alibaba, which is partially owned by yahoo. yang co-founded yahoo in 1995. the company has come under increasing pressure to turn itself around. yang said it was time to "pursue other interests." shares of yahoo closed down a fraction ahead of this news. but they rallied more than 3% after the closing bell, up close to $16 per share. just last week, it named a new c.e.o., scott thompson from paypal. the changes at yahoo come as the company may lose its lead against google in online display advertising. research firm greenlight predicts google will overtake yahoo's display ad business this year. google shares were up a fraction today. research in motion continues seeing some buying over market speculation about a possible sale. shares jumped another 8% today on heavy volume, taking the stock up to its highest price since december. the stock is up 40% from its low last month as market rumors about a potential buyout have circulated. as more and more use smart phones to read magazines, printing

. >>> the cofounder of yahoo, jerry yang, has resigned.he abruptly quit the company he started back in 1995. it might be a move to apiece shareholders. they were upset over his handling ever the company. in after hours trading, yahoo shares rose 5% on the news. >>> all web sites that participated in yesterday's blackout went back online early this morning. wikipedia had been shut down for the past 24 hours protesting against anti-piracy laws being considered in congress. some democratic and republican lawmakers responded to the blackout withdrawing or scaling back their support for the proposed legislation. >>> coming up, maryland is facing a $1 billion deficit and governor o'malley's plan to raise some money is sparking some controversy even from members of his own party. we'll tell you who he is targeting and what the plan is. >>> our half off deal is from overstock.com. $10 buys you $20 to spend on already discounted brand-name merchandise. head to ab we are site and -- head to our web site and click on the my fox half off link.  >>>

inched higher after the struggling search engine's co-founder jerry yang announced his departure. >>>inally, proof for you that cash really is king. a hiker was recently trapped for two freezing nights on snowy mt. rainier and he staid warm by burning leaves, his socks and $1 and $5 bills. must have had a lot of them. >>> coming up, the big shake-up starts in indianapolis. arch rivals square off in college hoops. and baseball's world champs start a little trouble at the white house. plus the heat pound on san antonio to get back on the winning track. your first look at sports is straight ahead. you're watching "first look" on msnbc. when i grow up, i want to fix up old houses. ♪ [ woman ] when i grow up, i want to take him on his first flight. i want to run a marathon. i'm going to own my own restaurant. when i grow up, i'm going to start a band. [ female announcer ] at aarp we believe you're never done growing. thanks, mom. i just want to get my car back. [ female announcer ] discover what's next in your life. get this free travel bag when you join at aarp.org/jointoday. over a milli

earlier this week jerry yang step down from the board of directors at the company ... crain's chicago business said the state lost more jobs than it gained ... most of the jobs left illinois to go to texas oklahoma arkansas and louisiana according to dun and bradstreet data ... however that statistic was eased by the number of small start-ups in the state ... after months of bankruptcy rumors eastman kodak makes it official ... they are filing for bankruptcy but have not kept up with technology in the digital age of photography ... they're hoping that a million dollar line of credit will help them to reorganize ... for $2 delivery charge burger king will test delivery service to homes in the washington d.c. metropolitan area they are the no. 2 fast-food hamburger chain behind mcdonald's wendy's is also thinking of ways to secure its position ... coming up new information on how often women need to consider getting bone scans ... mike and the union are performing tonight at space in evanston we have live music here in the studio today from mike and the union that was me

co-founder jerry yang is leaving the struggling internet company. this comes two weeks after they hired their fourth ceo in two years. "the wall street journal" says led bulbs are energy efficient. >> there is a joke going around that if you bought some of these bulbs in your child's baby room, you would not have to replace it and tell your child went to college. it will last for 17 years. >> they are much more expensive than traditional bulbs. >> the headline today is the wind. the howling wind. >> luckily, temperatures are not that cold this morning. >> that helps. >> we are not looking at a bitter wind chill factor. a system that is coming through tomorrow that will increase our cloud cover. not a big deal. the system is heading our way and it does not have much moisture. the best we can get out of it is just a dusting. i am sorry, snow lovers. on saturday, that could bring some wintry precipitation at the beginning on saturday morning. 46 in the district. winchester, 39. on the radar, we have seen a few hits and itin winchester. we could have a

why a group of activists want abc to pull tonight's episode of jerry yang. >> next anderson. the of rags to riches stars of new reality show, by you billionaire. >> do you know what would be fun to do? join a country club. >> next anderson. ♪ >> "modern family" is in the midst of controversy. >> an anti-profanity crusader has asked the episode -- the network to pull the episode from the air waves. he asked that its 35,000 members complained to abc. the network has not commented but the show's creator says he is proud of the boundary pushing episode. you can see for yourself what all the fuss is about tonight right here on abc 7. >> 6:26. there is still another half-hour of "good morning washington" >> a disturbing discovery inside a maryland town house. we'll explain. >> tracking the latest in the weather center. a cold front moves through. windy today, colder. we will [ dog barking ] mom! breakfast? in this house? in the morning i can use all the help i can get. that's why i love nutella a delicious hazelnut spread that's perfect on multigrain toast and even whole-wheat waff

state of the state address and he'll do it this morning. [ pause ] >>> also going on today, the jerry yange title chief yahoo announced yesterday he is resigning from the struggling internet giant. yang is leaving the board of directors. the move leads to more speculation that the company may soon be sold. yang cofounded yahoo in 1995 as a graduate student at stanford. >>> got your weather a stormy forecast coming up. a little traffic, too, so stay right there. >>> good morning. delays on 101 due to an injury the accident of southbound at matilda. two right lanes blocked for a traffic alert. eastbound 237 connector to the southbound side of 101 shut down. better news at the bay bridge toll plaza, still sluggish but not too bad. still backed up at some point. accident off the skyway clear. guadalupe parkway in the south bay, extra volume but no accidents. that's a look at traffic. here's elizabeth. >> thanks, gianna. a few high clouds in the sky over mount vaca. still a cool start to our morning. there is a freeze warning in effect for the south bay. temperatures mostly in the 21st century

. >>> cofounder jerry yang has resigned from the board of directors. and carnival corpses' stock rose modestly. the cruise line said it may suffer a hit to its profit. from the grounding to the costa concordia off the coast of italy. that's your money watch. for more, stay with cbsmoneywatch.com. in new york, i'm alexis christoforous. >>> ll bean is taking its most famous product on the road. the boot mobile is making its debut, as the company celebrates 100 years in business. the boot on wheels made a stop tuesday at the company's flagship store in maine. before hitting its next deftination. it is 13 feet high, 20 feet long. and they tell me a size 747, which sounds like a plane. let's just go with a size 13. all right. >>> coming up on wjz eyewitness news at 4:00. gulf spill disast er. why the federal lawsuit may not make it to court. >>> are you sick of telemarketers? the supreme court now says you can do something about it. >>> and it's a nice winter day, when the winds are not blowing. stick around for your updated first warning forecast. >>> and

. >>> yahoo co-founder jerry yang has resigned. yang launched yahoo in 1995.s surprise resignation comes two weeks after former yahoo hired former paypal executive thompson as ceo. yang rejected a 47 billion dollar takeover bid from microsoft in 2008. within analyst believes the company may be for sale again. >> that's a tough nut to crack. so far the name that comes up most often is ali baba. there's the question whether microsoft will come back. they've said they are not interested in yahoo now that may be different with yang gone. >> yang released a statement saying, my time at yahoo from its founding to the press has encompassed some of the most exciting and rewarding experiences of my life. the time has come for me to pursue other interests. >>> 5:16. san francisco giants ace tim lincecum is asking the team for 21 1/2 million dollars in salary arbitration. the giants countered with 17 million. the two sides will most likely work out a deal before sitting down for the arbitration hearing scheduled for february 1st. the two-time cy young award winner made 1

cofounder of the company jerry yang is resigning from the board.ther positions at the internet giant, of course, yahoo has been bereft with trouble. it's been shopping i

he's jerry yang. he started yahoo 17 years ago. many companies shareholders are still angry he rejected $47.5 billion buyout from microsoft three years ago. but he's been popular with many employees and some are sorry to see him leave. >> i think jerry was very visionary. a good leader. and i have high respect for him. >> some industry analysts predict that change could include employee layoffs and soon. there are also reports four board members will be leaving. however the yahoo website said yang made the decision to leave on his own. >>> a search for a missing boater ends in success. a short time ago he was plucked from south bay waters. his condition right now and the skills that may have saved his life. >>> more than 1500 layoff notices expected to go out today in the city of oakland. coming up we'll tell you how many people are actually expected to lose their jobs and when those decisions will be head. >>> governor brown gives his state of the state address later this morning. his tough sell to voters. >>> good morning, san fr

cofounder of the company jerry yang is resigning from the board. all other positions at the

co-founder and former ceo jerry yang has quit the company that he helped start in 1995. ankruptcy departure -- abrupt departure comes after the internet giant named a new ceo. yang has taken heat for his handling of yahoo!'s affairs going to the move in 2008. it could affect the search web sites like china's ali babba. but they probably won't put the for sale sign out yet, preferring to go alone for now. >>> and our cars are getting older. as of july the average age hit a record 10.8 years up from 10.6 in 2010. worries about job security and the economy kept consumers from buying big-ticket items or adding another monthly payment. a rebound in auto sales last year and expected growth in year could help to sploe the trend. back to you -- to slow the trend. back to you. >> thank you. >>> today a third person is set to plead guilty in the federal corruption case involving former d.c. council member harry thomas jr. james garvin was charged yesterday. he's the former board member for the nonprofit group langston 21. the general manager of langston golf course. garve since acc

jerry yang resigning as director of that company.an with yang in 2009 when he snubbed a $24 billion buyout from microsoft. >>> and the rescue operation off the coast of italy has been suspended. the italian coast guard says the cruise ship is moving. the ship's captain is now out of jail. he is under house arrest. also, we have new and dramatic video of the holes the rescuers blew into the side of that ship. did you see that? also new this morning, you can see rescuers risking their lives, hoping to find more survivors. our dan rivers is live on giglio island, italy. dan, every time we hear more details about this story, it becomes more and more remarkable. the captain was actually released and went home under house arrest? >> reporter: absolutely amazing for his critics here. yeah, i imagine it's being challenged now by the prosecutor, challenging that decision to allow him to go home under effectively house arrest because the impression we were given initially from the judge or the prosecutor, that initial hearing was that he was g