scott thompson is working to change that. the all things digital blog reports major layoffs are on the way for the struggling web giant. they're part of a massive restructuring expected to be announced by the end of the month. motley fool analyst joe mayger says with the turnaround, the new c.e.o. is following the lead of yahoo's very big competitor. >> scott thompson's pulling a page from larry page's playbook at google, where he's basically come in and he's looking at all of the parts of the business and shifting money from the ones that aren't working to the ones that are and larry page puts it as putting more wood behind fewer arrows. it's a really smart move and i think exactly what yahoo needs right now. mayger says the key for yahoo is unlocking its assets in china. he thinks that as soon as the company can sell its stake in alibaba, the sooner yahoo's stock price will turn around. >> tom: stocks have been >> tom: stocks have been treading water over the past week or so, unable to find a steady direction. that brings u

i'm excited about the changes that scott thompson, our ceo's driving. and i'm bullish on the future. >> thank you very much. continued good luck to you. >> thank you, tyler. >> coming up next, you might need more than just turbo tax if you win the megamillions lottery. in case you've been in hiding, that jackpot is more than $500 million, ty. >> which companies could you buy with that kind of dough? could you pick up a sports team? you couldn't buy the dodgers, could you? >> no. you couldn't. >> darren rovell crunching the numbers. he's on deck. choose control. introducing gold choice. the freedom you can only get from hertz to keep the car you reserved or simply choose another. and it's free. ya know, for whoever you are that day. it's just another way you'll be traveling at the speed of hertz. and then treats day after day... well, shoot, that's like checking on your burgers after they're burnt! [ male announcer ] treat your frequent heartburn by blocking the acid with prilosec otc. and don't get heartburn in the first place! [ male announcer ] one pi

ceo scott thompson. the fact that scott thompson does not want loeb on the board. he says only in a logical alice in wonderland world would a shareholder be deemed conflicted because he is well a shareholder too. apparently thompson told loeb that because he's got so much stock in yahoo! he might be tempted to represent short-term interests instead of long-term. loeb of course fired off a note days ago saying that they could expect a long and costly proxy battle that yahoo! really can't afford to engage in right now. and loeb is definitely turning up the heat on thompson now. the new ceo at yahoo! tyler. >> in the last letter he used the phrase -- which you doint usually see in the text of proxy fights or these kinds of battles. >> no. you don't. up next, anies soaring on first day of trading. we'll get you the latest trade on today's ipo. >> and he's just one company cashing in on health food. the company's ceo joins us next in our hot start-up series. will it go public? w ohhh my head, ohhh. [ speakin

the move would represent the first major change under ceo scott thompson who took the top job atta hoothe layoff would not reportedly all come at once and mostly be aimed atta hoo products, research and marketing units >>> we have some video to show you. not your usual police dash cam material. ♪ beelzebut has a devil put aside for me, for me, for me ♪ >>> this guy was pulled over in alberta, canada, on us is spinks of -- what do you think? drunk driving? he sang bohemian rhapsody by the rock group queen for six minutes. he may be drunk but did get all the lyrics right. >> we'll break down your chance of winning the million. >>> thanks for trusting ktvu channel 2 news. we'll see you the next time news break. we are always there at ktvu.com and mobile ktvu.com v a great day.

scott thompson became c.e.o. of yahoo back in january. he's trying to find ways to make the company more competitive with google and microsoft. face fook stole the domination from yahoo last year as the main display advertiser in the word. it's tough times for yahoo really trying to redefine what it is in this economy. >> microsoft going to make another bid. they keep fighting. >> yes. >>> a new report suggests a carcinogen is linked to several cancers and could also be in your favorite story. >>> we'll have more on that story. plus, your weather first when we return in two minutes. you're watching 9news now. >>> good morning and welcome back to 9news now. 4:43. howard is here with our forecast. a warm-up is ahead. >> a real interesting snow. it was so similar to march 8 -- 2008 and 2009. we had a winter where we had 2 inches of snow going into the beginning of march. march 1 and 2 we had a snow where we picked up five and a half inches. had this storm been 60 miles farther north, it could have been a repeat of several years ago. but we g

insiders with the sunnyvale company say the new ceo, scott thompson, is planning a massive restructuring. and that is expected to include layoffs in the thousands. the restructuring is expected to be aimed at yahoo's large products organization. public relations, marketing and research could also face cuts there. >>> and another bay area headline, pg&e was warned more than 20 years ago, that there could be problems with a section of pipeline that exploded in san bruno. the chronicle reports that a retired gees -- that a geologist said a section of pipe should be replaced in 1990. >>> vandals slashed tires on more than 50 cars over the weekend. all of the vandalized vehicles were in the area of ventura court. police believe it happened between 2:00 and 7:00 a.m. yesterday. the first call came in around 7:00 a.m. so far, they do not have any suspects. >>> coming up, we've got a plea for help on youtube answered. >>> and the star power that could soon lend a hand to an owe owe -- obese bay area man. >>> it could be a sneak peek of the most anticipated gadget of the year. what is in a video

. >> and dan loeb sent another scathing letter to scott thompson of yahoo. this time comparing yahoo to the ill logical world of "alice and wonderland". trash talk suggests a major showdown at the upcoming annual meeting. loeb is lashing out for rejecting him as director. the yahoo ceo says lowe would quote, be conflicted as a board member since he's a large share holder. loeb disagrees. yahoo announced it's adding three new directors a group that did not include loeb or nominees. waits day two for losses. a reason stocks are closing lower is that orders for durable goods didn't meet expectations. your bloomberg index was flat, google was a leader for the day. and a few bay area companies went public today and there is shares say the company surged during their first day up 31%. berkeley based anee's natural foods went public today with a stellar debut. shares of the bunny-shaped crackers surged 89% after raising $95 million in its ipo. no surprise there. and bloomberg studios i'm emily chang with bloomberg west. >> and a rivalry between university of kentuc

scott thompson is promising change. according to all things d he sent an e mail saying we'll make bold changes to what we do and how we do it. and as for what we can expect, he hasn't given us much insight on that. elsewhere, fans will have to wait for the x box. bloomberg news learned it won't hit the market until 2013 at earliest to keep from cutting into sales of the x box 360. microsoft x box 360 had its best year of sales last year. and. >> and finally you may get more accurate results when googling something. google is updating its fundamental service, the company will roll out new results that include facts and direct answers to questions instead of just a list of web sites. interesting to see how that pans out. >> thank you. >> we're seeing a little bit of a break. >> there is a calm between storms. >> yes. >> relatively calm day compared with lately. just rain showers and drizzle around scattered around the bay area today, there is a bigger storm on the way. there is a live view that is visibility towards san f

. >>> tech industry analysts says scott thompson is looking to trim expenses as the company continues to get a climb in revenues. a third of the company's 14,000 employees work in sunny vale at yahoo headquarters. >>> zynga is using some of its profits to buy the building that it currently -- >>> a ruling tonight from a santa clara judge has cleared the way for construction of a new 49ers stadium possibly to begin as early as this spring. the superior court judge ruled that opponents could not rule. the loan amounts to an administrative act and that voters had just one legislative shot to direct policy. >>> simultaneous earthquakes earthquakes. >>> drunk drivers under scrutiny, police hundreds of drunk driving cases are being called into question. ♪ let me get that door for you... [ man ] i loved my first car... sometimes the door gets stuck... oh sure. ooh! [ man ] ...and then, i didn't. um... [ sighs ] [ man ] so, i got a car i can love a really, really long time. [ male announcer ] for the road ahead, the all-new subaru impreza. ♪ experience love that lasts. >>> more dui cases in s

. >>> tech industry analysts says scott thompson is looking to trim expenses as the company continues to get a climb in revenues. a third of the company's 14,000 employees work in sunny vale at yahoo headquarters. >>> zynga is using some of its profits to buy the building that it currently -- >>> a ruling tonight from a santa clara judge has cleared the way for construction of a new 49ers stadium possibly to begin as early as this spring. the superior court judge ruled that opponents could not rule. the loan amounts to an administrative act and that voters had just one legislative shot to direct policy. >>> simultaneous earthquakes whatcha lookin' for hon? ah, these new jeans i want. i've been looking everywhere. new blue jeans? oh, don't be crazy, i've got tons of blue jeans. frank! frank! get my jean bin, susie wants my jeans. no she doesn't. here we go. nice and loose. ohhh. those are loose, but i actually just ordered three pairs of this kind. ooooohhhh. oh. when it's on your mind, it's on ebay. cleaning better, doesn't have to take longer. i'm done. i'm going to... drink this...

"the wall street journal" this morning says new ceo scott thompson who joined yahoo!rom pay pal will cut thousands from the pay roll. analysts have long said that yahoo! needs to figure out what it is, what it's good at and do that and only that. but that would mean people who are outside of the core would lose their jobs. no official word from yahoo!. >> the east bay's pandora reports profits after the closing bell. one analyst says he thinks all of the new mobile devices, iphones and ipads, mean more audience for pandora. you remember in the oakland occupy movement protesters were live streaming some of the action, particularly conflicts with the police. well, one of the occupiers, a bartender from san francisco, decided to continue his citizen journalism with a trip to syria to see the fighting there. >> my heart is beating right now as we're sitting this close. if we're discovered we'll either be arrested, captured, even killed. >> william gagen there on camera, jeff behind the camera, they thought real stream media wasn't telling the story. a number of award winn

scott thompson became ceo in january. he is trying to find ways to make the company more competitive with google and microsoft. >>> and shares of bp hit highs. after the oil company reached a settlement with victims of the massive gump oil spill. bp expects to pay out at least $7 million as part of that. for more, go to cbsmoneywatch.com. in new york, i'm alexis christoforous. >>> coming up on wjz's eyewitness news at 4:00. royal visit. prince harry heads to the bahamas. what is significant about the trip. >> dangerous drug mix-up. the incident at a national pharmacy chain causing concern. >>> a cool, march night. stick around for the updated first warning weather forecast. >>> wjz 13 is always on. for the top stories on wjz.com, instant updates and first warning weather all the time, click wjz.com. ,,,,,,,,,,,,,,,,, >>> more breaking news to tell you about. another serious accident. this baltimore county sky eye chopper 13 is over the scene. captain mike? >> reporter: we're in timonium, kai. this is a report of a persona

"the wall street journal" says that scott thompson who joined yahoo! will cut potentially hundreds of thousands from the pay roll. analysts have said it needs to figure out what it is and what it's good at and do that. that would mean people outside the core competency would lose their jobs. no word from yahoo! this morning. zynga continues to grow. in a filing monday the company revealed it will buy the wilgd housing its new offices for $228 million, that's about a quarter of the cash it raised in its ipo. this building is 650 townsend theme flavors of the month including zdtv and saga and now zynga. >> scott, want to check the forecast with christina. >> if you're getting ready to take your little ones to school, we have weather elements kicking into high gear. the front moving into tahoe where the bulk of the moisture you can see from the live radar. but we're still getting some weak showers, stray showers through the south bay, from time to time. that will be the case. very light fast-moving showers through the next three hours. the window closes a

scott thompson is saying much along the same lines.alls are coming to us, we can sell them advertising and they're going to generate data and we can use that in some vague way that i'm not going to explain yet. data is a sexy term right now on wall street because it can mean many things. >> let's switch to apple. their 25th billion app and this is before wednesday's launch. it's pretty mind boggling. >> especially when you consider for apple the app business really only started growing four years ago. they introduced the iphone in 2007, but there wasn't really an app business there. you couldn't create an app and distribute through itunes and iphone. really this is a four-year business for them of distributing apps. really the ultimate goal of distributing all these apps so make the iphone and now the ipad that much more of an attractive product. that's certainly working. >> you know, what -- maybe you don't know this and i apologize if you don't, what is the revenue split on apps for apple? out of every dollar that is deri derived, wh

next trade, yahoo an i had new ceo, scott thompson reportedly planning a massive restructuring of theompany, includes thousands of layoffs. our next guest says he's making right move and a radical transformation is needed. ben shakter joins us now. >> a this is a company that has to do something. the world is changing, people are moving to use the internet in different ways than they have in the past andrea hoo needs to transform their business. >> firing a bunch of people doesn't transform a company into the cloud. what happens? >> we don't know the specifics of what he wants to do. but scott comes from paypal where he did a great job. he knows how to turn businesses into transaction businesses. i think what they're going to try to focus on is getting their users to transact and focus on commerce and commercial activity. >> this is the report from kara swisher at all things digital. that's where this emanated from. they're targeting public relations, weaker regional efforts. how successful can they possibly be? i mean is there a future and a viable one at that? for yahoo at this poin

s new ceo, scott thompson, is on the verge of announcing a large-scale layoff. the sunnyvale-based company has struggled for years, trying to find a viable direction and business model. yahoo! is not commenting on these possible layoffs, but it is saying that there will be some strategic change. >>> well, not as rich as the other guys. facebook co-founder mark zuckerberg is worth more than $20 billion, but he still doesn't qualify as one of the world's top 20. analysts say zuckerberg's 25% stake in the menlo-based company will soon be worth less than $21 billion. that's $7 billion less than previous estimates. zuckerberg's stock will be diluted when facebook issues its class "b" stock at its upcoming ipo. number one on bloomberg's billionaire's index is mexico's telecom tycoon, carlos slim, microsoft chairman bill gates, and warren buffett ranks second and third. and you see three of sam walton's children, of the walton empire -- the walmart empire, excuse me, are included in the daily top 20 rankings from bloomberg. >>> talking on a cell phone while driving is

. >> there's a look at scott thompson, ebay has try to come over put his mark on this company, tryingrn it around. >> the way the internet works is you need mobile. you need social. you need clout. yahoo, 0-3. >> crowd gathering for the opening bell. there you go. >> we have february ism, nonmanufacturing service sector. much better than expected. coming in at 57.3. >>> good monday morning, welcome to the third hour of "squawk on the street." let's get you caught up on the markets, where they stand now. we've got red arrows across the board, the dow is at 12,916, down about .5%. so is the s&p 500 at 1362 and the nasdaq is down by 16, at 2959. we're watching gold also extending losses today. briefly falling below $1700 annous. also got lots of new highs, despite the market losses, tjx, the parent of tj maxx, nike, chipotle all trading higher. and there's one dow component making that list, and that's ibm, trading at $200 a share. >> the road map for the next 60 minutes, pandora on the rise, versus zynga, find out which internet ipo is the best one now for your money. plus, apple hits y

scott, back to you. >> mary thompson, thanks so much. mary thompson with a statement from goldman sachs about the op-ed and a very provocative one in the "new york times." let's look at the markets here. it's been a mixed market day here in the united states as we've got our eye on a number of things. yesterday's big rally obviously one of them. the fed move yesterday, the stress test for the banks and we certainly have our eye on what's happening in europe. let's go to mandy. >> it's mixed here. the ftse is closing out, flat with the down side buys. a very good gain in germany for the dax, up by 1.3%. despite the mixed color, european stocks are around eight-month peak. in terms of the eurozone, we saw a rise in the data. it's too early to say we're inching toward anything that resembles recovery but again it's better than a loss. it better than nothing. as for the latest installment in the debt crisis, let's look at what's happening with italy. the italy stock exchange was up minimally. the throwe -- the lowest three-year yield. this i

our chief environmental affairs correspondent anne thompson is with us tonight from aberdeen, scott lnldod evening. >> good evening, brian. as officials here in aberdeen try to figure out how to stop that leak, they're also trying to stamp out growing concerns about a flair that is still burning on the abandoned platform. the flair burns off high-pressure gas and it does so some 500 feet above and 400 feet away from where the exploding gas is leaking, according to company officials, but one industry official we spoke to today said any ignition source, even the smallest spark, could trigger an explosion and a fire on the platfernal and send fire down the well. but officials i spoke to tonight, they dismiss that as speculation, saying there is no immediate concern about the flair and they added that the wind is actually working in their favor, blowing the gas cloud away from the flair. they also added that in their opinion, this is not a repeat of the bp disaster in the gulf of mexico. this platform is in fairly shallow water, about 300 feet, but its well goes much deeper into the worth, s

. >> council members who received campaign contributions from jeff thompson say they are re- examining their own records. >>> scottar is off the hook on criminal charges because of a technicality. now he wants his job back. today the well-known montgomery county teacher and coach accused of having sex with a 16- year-old former student met with school officials that are considering his fate. spear and his attorney say they intend to fight now that the criminal charges have been dropped. >> why does he want his job back? >> well, because it's been his life. teaching and coaching has been his career. and he's had a wonderful career. he's such a devoted teacher, if anything, too devoted. and maybe that's part of the reason that we have the problem that we have here. >> for now, spear remains on suspension pending the outcome of the school system investigation. the criminal charges were dropped yesterday because the girl in question is actually old enough to consent to sex under the law. and spear is just a volunteer track coach at montgomery highwhere the girl is an athlete and that lets him off the hook under state

scott sundby. >>> a march tonight in new york city. a march tomorrow with reverend sharpton in sanford, florida. mark thompsongoldie taylor will be my guests. ♪ when your chain of supply goes from here to shanghai, that's logistics. ♪ ♪ chips from here, boards from there track it all through the air, that's logistics. ♪ ♪ clearing customs like that hurry up no time flat that's logistics. ♪ ♪ all new technology ups brings to me, that's logistics. ♪ johan comes in a porcelain vessel, crafted with care by a talented blonde from sweden. ♪ meet me in the coffee aisle. crispy granola, layered with creamy peanut butter or rich dark chocolate flavor. 90 calories. 100% natural. and nature...approves. granola thins. from nature valley. nature at its most delicious. >>> tonight people marched in new york city to protest the killing of trayvon martin. tomorrow thousands are expected to march in sanford, florida, where the killing happened. goldie taylor was there at the march. mark thompson will be in florida. they will join me here tonight. >>> i just want you to know that ♪ ♪ ♪ you do ♪ something to me ♪ that nobody el

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