big question is, whacks to yahoo now? a -- what happens to yahoo now? could be broken up, sold to a large media company. there's lots of anticipation. the company has gone through three chief execs in just four years. groupon is reportedly going to delay its ipo because of the stock market volatility. groupon was looking at a $3 billion ipo earlier this summer. that would have placed the valuation at about $30 billion on the daily deal site. now they are looking at about a $15 billion valuation on groupon just facing too many head winds out there in the economy and the stock market. market coming back, had a couple of rough sessions, up 147 points on the dow. nasdaq up 40. s&p up b 17 this morning. yahoo stocks are up a little more than 6%. >> apparently the investors are applauding the outster of carol bartz. >> reporter: they gave her a little time and didn't see any improvement from yahoo and they decided that that was enough. they are looking forward to seeing what happens next in the company whether or not it can stay on its own on whether or not s

the chairman at yahoo firing bartz over the phone. now while bartz was at yahoo, the company continued to get huge web traffic, but unlike, say, google, facebook, or zynga, yahoo has been unable to turn the eyeballs into the kinds of revenue that incites investors. and shares did not move for the 2.5 years that bartz was there, jumping tonight nearly 6% on news of bartz's departure. >> scott, our sources inside of yahoo telling us that e-mail was sent by bartz to the staffers at around 4:20 this evening. are you surprised about the verbiage? interesting verbiage about how she described how she got fire department. >> you know, if you've seen interviews with carol bart, you know that the verbiage could have been even more surprising frankly. with this, no, i'm not surprised. she is a straight shooter and always has been. if she was fired over the phone, she's going to tell people she was fired over the phone. bartz did get extra media attention that perhaps she didn't want. occasionally in interviews she would use profanity. show of mo

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>> reporter: yahoo has butted heads with the c.e.o. of its asian partner, the e-commerce site alibaba. alibaba chairman and c.e.o. jack ma has made it clear he wants to buy back yahoo's stake in the company, and the opportunity there could tempt a patient buyer, because it's a big opportunity, says standard & poor's scott kessler. >> most people don't realize that if this company were publicly traded, it could very well be one of the ten largest internet companies, based on market cap, on the planet. >> reporter: if yahoo could spin off its asian business, what would be left behind is an internet turnaround, but one that still has 700 million monthly visitors. >> we think the core of what the company is, which as described repeatedly in recent months, is the premier digital media company. and we think they're going to stick to that vision, because we think it works and we think it's going to be relevant going forward. >> reporter: yahoo's board of directors may decide time is not on their side. waiting for a buyer may worry advertisers

he is not at yahoo!, right. he is editor-in-chief of patch.com, a division of aol that provides news to specific communities. very local. after him, we have the managing director for local news at yahoo.com, guiding the company's local coverage nationwide. last but not least is the senator who represents san francisco and san mateo counties, and he is the recipient of spj's freedom of information award in 2010. that is our panel. back to you, rose. >> before we start, i want to get a sense of who we have in the audience. how many of you currently work in the media? lots. how many of you used to work in the media? how many of you want to work in the media? ok, good. that will give us a sense of who we are talking with. great. every friday, we have a media roundtable and invite international, alternative, and mainstream journalists to talk about coverage of the week's news. we believe it is important to highlight good journalism because so much of it gets passed over. we think it is also important to start off on

even patch is looking for distribution, and one thing yahoo! has is distribution. when yahoo! provides you with a platform, you see it. publishers recognize that it is a fire hose. so we launched in october 30 neighborhoods. we are now up to about 400 neighborhoods in new york, san francisco, san jose, peninsula, a detroit suburb, and chicago. we are going to be launching in cleveland and dallas, end of april/early may, and as we iterate on product, we will get better, but the idea is that it is open, and it allows for publishers to publish their content on the platform, people to actually communicate and for dissipate on the platform, and for the original content if you want to do that. the exact reason that you mentioned, which is yahoo! is not going to know oakland better than oakland local, so why not have them be the voice, and we provide carriage for distribution? >> [inaudible] >> [inaudible] challenges described, and are they similar in your community? >> we broadcast news on a seven- day basis. one hour of cantonese news and one hour of mandated -- one hour of mandari

yahoo long time ceo has been fired. bartz personally informed yahoo workers. in an e-mail entitled goodbye and sent out if an i pad she wrote, i am very sad to tell you that i've just been fired over the phone by yahoo's chairman of the board. it has been my pleasure to work with all of you and i wish you only the best going forward. >> well overdue, she was ranked as the most highly paid overproducing ceo in the world and has been for some time. >> reporter: sources say tensions between yang and bartz have increased recently. while there was a will the of optimism when she was hired the financial numbers haven't budged that much. yahoo is an industry giant with more than 600 million visitors to its site. but the company has been unable to significantly increase it's advertising rev knew. >> when she came on board yahoo was in the process of going under. so she stabilized the patient, and she gets credit for that but she is not able to complete the process. >> reporter: the search begins for a permanent replacement. then analysts say yahoo needs to figure out

yahoo long time ceo has been fired. bartz personally informed yahoo workers. in an e-mail entitled goodbye and sent out if an i pad she wrote, i am very sad to tell you that i've just been fired over the phone by yahoo's chairman of the board. it has been my pleasure to work with all of you and i wish you only the best going forward. >> well overdue, she was ranked as the most highly paid overproducing ceo in the world and has been for some time. >> reporter: sources say tensions between yang and bartz have increased recently. while there was a will the of optimism when she was hired the financial numbers haven't budged that much. yahoo is an industry giant with more than 600 million visitors to its site. but the company has been unable to significantly increase it's advertising rev knew. >> when she came on board yahoo was in the process of going under. so she stabilized the patient, and she gets credit for that but she is not able to complete the process. >> reporter: the search begins for a permanent replacement. then analysts say yahoo needs to figure out

hired during a rough time at yahoo, barts led yahoo to big web traffic numbers but missed out on theh success that defined competitors like google. she was among those visited by president obama earlier this year. but as stock price stalled and layoffs increased, investors became restless and began to call for change. in a memo, barts said she was fired over the phone by the company's board of nbdirectan, >> thank you, scott. we have confirmed yahoo will have a meeting tomorrow morning at its headquarters. scott magroo will continue our coverage in the morning. >>> a northern california family is suing an ivey league school after their daughter was killed at the university. the family of 24-year-old annie le filed a wrongful death law suit against yale. she was found strangled to death in 2009. she was set to wed her fiance on that day. her family claims the school failed to protect women on campus. raymond clark is serving a 44-year sentence for the murder. he was the lab technician at yale. >>> a bay area man is accused of leaving his 1-year-old baby boy inside of a hot car. 47-yea

yahoo japan trying to turn main operations around. that would include e mail, instant messaging, news, information and number two u.s. search engine z yahoo does have other suitors as well, we've reported another option that the aol's ceo tim armstrong is looking to combine companies. shares of research in motion got pounded today, plunging by 19% after reporting those very disappointing earnings yesterday. the black berry maker is losing ground in the market and has made very little progress with its new playbook tab blet. the last quarter rim shift one tablet for every 46 ipads sold by apple. ouch. the broader market fared better today, stocks closed higher, bloomberg index was also a winner for the week gaining over 1% in trading today, more changes coming to twitter based here in san francisco. two directors fred wilson are stepping down from the company's board. both of them backed the company early on as venture capitolists. in response, twitter leased a statement saying the company appreciates the roles and looks forward to the

and yahoo! stock went up 4 and a half%. yahoo! says an executive leadership council will help the company for now. others were told at the meeting, just do your job the way you have been doing it. robert honda ktvu. >>> and a hopeful sign in the middle of the job news, the labor department said the jobs hit a 3-year high in july, 3.2 million were posted in july, up from the month before. it is also the largest job openings since august of 2008. the labor department says there is heavy competition for each of those jobs with 14 million people out of work in july. and at least four unemployed workers are competing for each opening. coming up at 5:40, what the oil and gas industry says the government can do to open up even more jobs. >>> and wall street breaks a three-day losing streak with a broad rally. it came after encouraging news on european debt issues and a report from the federal reserve that says u.s. business conditions are improving. the dow added 275 points, the nasdaq finished 75 points higher. >>> and now to the dramat

yahoo is still where more people begin on the web than anywhere else. yahoo tells us this evening that its chief financial officer tim mohrse will step new. yahoo's stock has been stagnant for a long time moved up by 6% as the news of bartz's departure got out. she's famous for a mouth that got her in trouble. for business sense that for a very long time made hr ver successful. >> so carol bartz is out. tim mohrse is in. at least on an interim basis. yahoo is global. we'll be tracking the story and the impact on the markets worldwide. our coverage continues on our 11:00 newscast tonight. then again before the bell tomorrow morning on our morning show. >>> in other news t heros of 9/11, several of them considered the south bay home. one was jason dahl, the pilot of united flight 93. today two of his former schools pay tribute to the captain who has inspired them in so many ways. nbc bay area's marianne favro joins us where one event just wrapped up. marianne. >> reporter: students and faculty paid tribute to captain jason dahl this afternoon. he graduate

how yahoo shares are doing, they are about a dollar.ow one of the things here, a lot of analysts say this move put yahoo a step closer to selling itself. and stocks overall, early going, president obama will propose a jobs plan, it's up about 1 50s points. bloomberg is high, shy of 2%. niolg ai anything to move by netflix allowing only one streaming video per account at a time. they say netflix is offering the option for unlimited streaming instead. people are frugal in southern california and in texas but a different story in northern california. they say houston has the big coupons and they help for the necessities and toilet paper is in the top spot. paper towels and laundry detergent are next on the list. >> so we recycle here. we recycle a lot of. >> thanks, jane. >> one of the most destructive wildfires in texas history appears to be slowing down this morning thanks in part to calming winds. it has charred 45 square miles of dry grass and destroyed more than 600 homes in a city near husband aus tin. it's the most catastrophic of m

saying she is sad to leave yahoo yahoo. chief financial officer tim morris will serve as interim officer. >>> after the news broke yahoo's stock jumped 74 cents. that's about 12% higher than they were when carol barnes was named ceo. stocks were down for a 3rd straight day. the dow fell 100 points t news dak dropped 6 1/2. >>> 31 businesses all hit with graffiti in just one night over the weekend. patty joins us live where she learned that graffiti incidents have spiked this year. >> you can see by the whiteened walls that city crews cleaned up this graffiti earlier. you can still find remnants but police don't know who's mind it. indecipherable words were spray pointed here. >> it seems like graffiti happens all the time here. >> but police say this graffiti rampage was different. it was well planned and on a wide scale. 31 businesses hit. >> we have our investigators who are kind of experts this this field looking over to see that it's not a gang problem. >> this afternoon detectives asked business owners for surveillance

yahoo! 's stock is up -- yahoo's stock is up. the search for a permanent replacement is underway. >>> ahead -- a construction project -- project is put on hold. >>> part of the bay area is headed for triple-digits. >> i hope that everybody in other cities will follow the lead of oakland. >> leaders in one city have become the latest to speak south against something that a lot of people use -- speak out against something that a lot of people use every day. >>> a construction project in belmont is new on hold until pg&e can le kate a natural -- locate a natural gas pipeline. crews discovered natural gas pipelines were just 12 inches below the surface. maps provided by pg&e show the pipes should be at least 3 feet deep. >>> our whole infrastructure is hold -- is old. and documentation, i think lacks. as a result of that, did they know that? that's the question. and if they did and did nothing, of course it's been a problem for everyone. >> we spoke to pg&e. they say the maps cannot provide the depths of the pipes. they only provide

yahoo account with the words occupy wall street got or get the message when they tried to send a message they got an error message the read the following it said your message was not sent suspicious activity has been detected on your account to protect your account and our users your message has not been sent. email sent with the words occupy wall street or occupy wall street dot org those are being caught in spam filters and blocked yahoo has stated that this was not on purpose they issued an apology and they thanked me in progress for attaching the issue but as privacy blogger julian sanchez points out this is still a case of legitimate political speech being blocked by yahoo due to a faulty algorithm so it's left an fix it could be taken advantage of in the future and will yahoo's inadvertently censoring protestors mainstream media is choosing to turn a blind eye to the small but very important efforts almost completely but don't worry because what those networks choose to overlook because the stories that we feel are the most important to share. now you guys ready for a new vocabular

yahoo's share price is less than half that tonight. yahoo's chief financial officer, tim morse, was named interim c.e.o. another management shakeup, this one at the country's biggest bank-- bank of america. it's the latest move by b. of a. as it aims to shore up investor and customer confidence. the executive shuffling comes after warren buffett invested billions in b. of a. and during efforts to settle lawsuits over bad mortgages. righting the ship. it's a task bank of america c.e.o. brian moynihan was tapped to do as 2009 came to a close. at that time, the bank was taking heat for its handling of the financial crisis and its acquisitions of one-time mortgage giant countrywide financial and legendary investment banking house merrill lynch. the countrywide buy-out continues to haunt b. of a. it was sued last week by a federal housing regulator over losses on $32 billion in securities backed by soured mortgages. the majority of those mortgages came from countrywide. moynihan's latest management shuffle and restructuring effort is dubbed

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instead of yahoo! i have friends that work at yahoo! i hope they don't hear me saying this. i do like google better. >> we know about google. just today reports that facebook pulled in $1.6 billion of revenue over the last three months. i'm scott budman, nbc bay area news. >>> today we experienced one of the hottest days in a long time. it was a smoggy one, too. chief meteorologist jeff ranieri is here with a look at today's hot numbers. >> if you suffer from allergies like i do, it was a tough day out there as the temperatures did pop up into the 100-degree range for some of us. you can see fog moving in fran san francisco. what we have happening is the region of hot, high pressure producing the 90s. the hottest weather since july 3rd. this makes only four days of triple digit temperatures in the east bay. 97 in dublin. change is coming. a low area of pressure will be developing. we'll talk about the possibility of thunderstorms in my forecast coming up. >>> still to come at 6:00, the rivalry grows. how the bay area is on the losing end to l.a. >> and the challenge of natio

investors were questioning why yahoo! appeared out of the loop on this one and they questioned whether the question could keep its relations ship with alley back about a and its presence in what is the world's largest internet market. and it's pretty much gone downhill since then. its stock has returned to nearly the same pace that it was in january you 2009 when she started in that job. >> let's talk about another american company that has been the focus of investors' attention. two more bank of america employees will soon be out of a job and they're in top positions. the bank is either letting go of it president of consumer banking, joe price, and also the president of wealth and vinnestment management. it recently announced plans to layoff some 6,000 workers. bank of america stock is now down a whopping 47.6% and that's after warren buffett announced just a week or so ago that he was going to be investing $5 billion in the bank. >>> back to asia and the technology new site cnet says south korean antitrust regulators ra

yahoo!arol bartz in charge. he's got a business withy day at a board meeting. yahoo! shares closed about 5% higher wednesday, the first day of trading after news that the board at yahoo! kand her. this pretty much leaves yahoo! where it started. i want to start ignoring yahoo! as an american k. they can't turn the traffic into money it seems. in asia, it's asian investments are worth a ton. if you think of yahoo! as an asian company with a presence here in america, some of the stock price begins to make sense and going forward i think that's what people are going to start to have to think about. >> i like that point of view. thank you, scott. >> it's 5:56. still to come on "today in the bay," police continue to investigate the murder of a well known santa cruz lawyer. details coming up. the new development in the disappearance of an east bay nursing student, michelle le. we'll have a live report. >> and temperatures drop off substantially from yesterday's highs. i've got your numbers and mor

finally, we always think in terms of just traditional search and just the google, bing, yahoo! type of search. but, actually, there are dozens and dozens of ways of finding out information, you know, if you want to buy a product use amazon or ebay, other kinds of information go to facebook or wikipedia. and in that greater search market google's only one of numerous choices. is it a conflict for bag to toll position its own -- for google to position its own services at the top of its search rankings? >> guest: well, first, you know, if google really kid that, than instead of using facebook i'd be using the failed product or instead of wikipedia, i'd be using knoll. i don't think there's evidence that actually occurs. but i think we should pause for a second. although it may sound at least from mr. yes cland's -- cleland's perspective that that might be unfair, we want firms -- from a consumer's perspective, we want the strongest rivals to be able to come up with the best products and to hamper google's opportunity to come up with better products to say that they couldn't go and

and yahoo already owns a more than 40% stake in ali ababba, and part of the dealing with yahoo, it mayian holdings which include a 35% stake in yahoo japan and put those two things together and it is set to be over half of the market value. the shares rose on the news. >>> and internet netflix fell 19% yesterday after it reported it will lose about a million subscribers in the current quarter after raising its fees on its combo dvd streaming plan. and the investors are not done selling netflix shares. they're down another 3.5% today. nevertheless, the overall stock market is heading higher and the dow is up by 77 points right now. the nasdaq is gaining 12. and the s&p is up by 8. we will see if it can make it five for five. >> and it is friday, too, so a double bonus there. >> absolutely. >> always a good day on friday. >> jason brooks, kcbs, cbs money watch .com. thanks, jason. have a great weekend. >> you too,. >>> just about everyone in washington is unpopular with the american public these days. >> here to comment a lot on the new approval poll, we have phil matier and former san f

yahoo jumped over 4.5% after firing ceo carol bartz, a move some analysts say now makes yahoo a takeover target. bank of america rose 7% after its own management shakeup. and on a nvidia rose 7%. red lobster and olive garden operator warned hurricane irene will hurt quarterly warnings. >>> urban outfitters was down after warning quarterly sales were slipping. and "reuters" report facebook which is private, doubled revenue in the first half of this year with a net profit of half a billion dollars. >>> well in health news this morning, in the first randomized controlled trial of its krind, weight watchers was found to be more than twice as effective than standard family doctor care. it was an independent study. 12 months, overweight patients told by their doctors to use the program lost twice as much as people receiving standard health care. you can check out the health page on msnbc.com. >>> hitting a homer for grandpa, a tiger tosser keeps winning and losing a no-hitter. >>> plus, sad news, a plane crash in russia stuns the world of professional sports. your "first look" at sports is str

yahoo! fired its ceo carol parts. it was not unexpected. investors liked the move. shares jumped 6% after she was dismissed. the company's cfo will fill in on an interim basis. yahoo! is still one of the most popular spots on the internet but faces increased competition from facebook and google. >>> saab will file for bankruptcy today. the company has to make the short term move to raise capital. gm sold the brand to a swedish company last year. >>> groupon may delay its plans to go public, according to the "wall street journal" the daily deals website is reconsidering its initial public offering of stock due to concerns about the stock market stability. earlier this summer groupon was hoping for an ipo valued near $30 billion. >>> one of the biggest hassles at the airport could end eventually. taking off your shoes at the security checkpoint, homeland security janet napolitano says it will happen as soon as we get devices that can scan your shoes while wearing them. right now a device does

and yahoo are trailing far behind facebook and google in market share. the former yahoo c.e.o. merger last year. >>> china town took on a more festive atmosphere today as people from around the world gathered for the autumn moon festival. ♪[ music ] >> according to chinese legend, the festival honors the peace of the moon goddess. legend says she saved the people of the earth by drinking an immortality elixir that was meant for the emperor and ascended to the moon. >> it's almost like thanksgiving for you. we give thanks, we appreciate all the good blessings that we have. >> the mostival continues tomorrow until 6:00 in the evening. organizers say if you are planning to attend, the best way to get there and avoid a traffic mess is to take public transportation. and speaking of the moon, nasa is heading back to the moon. they launched two probes. they are called grail, for gravity recover and interior laboratory. the look at the lunar surface and what's underneath it when they arrive at the moon around new year's day. >>> forbes magazine estimates the 49ers are worth $990 millio

. >>> yahoo! fired its ceo today. carol bart sent an e-mail to all employees saying she is out at ceo. she said, quote, i am sad to tell you have i been fired by the chairman of the board by phone. i wish you only the best going forward. end of quote. barts was named in twine replacing the yahoo! co-founder. she had a reputation as a take no prisoners leader who could help turn the company around, but it did not happen. yahoo!'s stock closed the day at under $13 a share. that's roughly where it was when she took over. cfo tim morris has been named the interim ceo. >>> the search is on for vandals who spray painted graffiti along east 14th street. it was discovered on sunday and quickly painted over. the damage is extensive and they are examining the graffiti to see who is responsible. anyone with information is asked to call san leandro police. >>> still to come, nudity in san francisco. >> i am kind of a weather opportunist. >> the supervisor who is tired of letting them all hang out. >> and a simple proposal that co

so yahoo! for example an awful lot of wireless news. so in terms of the total number of people who visit of least one over the course of the month, the on-line news category looks pretty healthy. the hundreds of millions of americans visited on-line news at least a few times a month. again, the issue is the overall traffic is quite small and we have to be careful about reading too much into the fact of obama news when a love of the visitors to the dahuk for example are looking at that point just a few minutes a month. >> the drudge report. >> for the drudge report it is an interesting insight partly because it's important in redistributing traffic. lots of people going to judge and a redistribution of of traffic particularly to the right landing web sites. so it's partly straight news but has an editorial plant as well. what you see with websites is there is a period orphanages more or less fluid. early sites have a big advantage if they are relatively bigger leon they tend to stay pretty big. the drudge report is a classic example of t

if you wonder if you are getting an honest result, just move that towson 02 yahoo! or facebook or bing. >> in the wall street journal the day after the google operations hearing in the senate, this headline in the wall street journal, google defense dominoes. is that a fair headline? all would say google has popularity, but i don't is many issues of the wall street journal would have been sold. >> what can the ftc do? >> it is a very different problem. it was interesting from the hearings that he did not hear anybody say we need an ftc enforcement action. center blumenauer bol made it clear. he said enforcement actions are commerce and --, some -- enforcement actions are cumbersome. all of them said regulation is on the right way to go. even scott cleland set it is not the right way to go. there is a need for something -- witnesses said google should police themselves. i think google is doing an admirable job of policing itself, but there is something more, because of consumer demand. i think you will will find a way to police themselves. >> he says google's run on

word of a possible yahoo-aol merger. for those stories and more let's go live to emily chang from bloomberg west. emily? >> that is right. sources telling us aol is in talks about potentially combining two companies. here is how it could work. yahoo buys aol and the current ceo becomes the ceo of the combined entity. as reported armstrong was considered in yahoo last year but got shut down when carol barts was at the helm. now, he's back at it. job creation continues to be a central theme in washington and elsewhere. and the ceo of linkedn gave us perspective on how washington should tackle the nation's unemployment rate. and there is one possible slus slus, -- solution, he says is with new technology. >> so we can map digitally map and make searchable every available job. there are 3.2 million jobs available in this country. everyone of the jobs can with made searchable. >> and he maded the nation needs to keep top talent in the country. now let's take a look at this dow lost 300 points and s and p and nasdaq dropped ab