i use yahoo finance a lot. it used to be that you could do bill pay with yahoo.were early to that but at this point there aren't many relevant tools you can use say in finance or in other areas that are really comparable to other things that people are doing like manila, for instance. you know, yahoo could have done that. maybe they need to do more of that. >> you say more, but the temptation to do less. to go in there and say, listen, we have got to figure out what it is that we are and just do that thing or is more better? >> i think they need to go deeper. when i say more, i say go deeper in some area. they can't go deeper in every area because that's really expensive. look at facebook, a social network, they do really well at that. they do it on mobile and on desktop. and that took a really long time to do it on ipad because they didn't want to get too spread out. >> right. talent is also an issue. let's be frank, when you have your facebooks and the googles of the world, who wants to work at yahoo? so attracting talent and incentivizing them to stay and inno

do you own yahoo! or apple. >> don't own yahoo!, do own apple. >> susie: thanks so much for coming on the program. appreciate it. >> good evening. >> susie: we have been speaking with david garrity of gva research. you can find more apple analysis on our web site, nbc.com. >> tom: republican presidential hopeful mitt romney released his tax returns today, adding fuel to the debate over the fairness and economic impact of the tax code. romney immediately went on the offensive, charging president obama's policies on taxes and the economy would lead to more debt, decline and disappointment. for his part, president obama will argue in tonight's state of the union address the tax system is stacked against middle class americans. and to make his point, mr. obama is bringing along a special guest. darren gersh reports. >> reporter: debbie bosanek is about to become berkshire hathaway's second-most famous employee. the reason? she is the new face of the "buffett rule," which holds a billionaire like warren buffett should not pay a lower ta

for yahoo. then jack maher has been quoted as saying alibaba wants to buy the entire yahoo. you can see these two companies loobing like they want to take a bigger bite out of each other. >> if yahoo unloaded all of its shares of alibaba, the company would be worth $17 billion. with yang's departure, analysts say a share sale is more likely to happen. it's what yahoo's current ceo scott thompson wants to do. as for yang, he's leading to pursue other interests. andrew? >> ramy, thanks very much for that. at least on a brighter note, for some investors, shares of apple have reached a record high. four years after steve jobs rejoined the company and a year after it bought out the first ipod, apple shares are worth just over $11. this is what's happened since. ten years and hups of millions of iphones later, the stock is worth this much. $424.70. if you bought shares of apple in 2002, your investment would be worth 40 times what you paid for it back then. hindsight is a wonderful thing, nina. >> cer

. >>> there is no longer a chief yahoo at yahoo. 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 enforceme

interests outside of yahoo. there is plenty of speculation it could be a chinese internet company alibaba in which yahoo has a 40% station. and they started this company in 1995. and this today ends a 17-year career. in sunnyvale, abc 7 news. >> thank you very much and. >> the captain of the italian cruise ship is a coward according to a italian recording. passengers were forced to try to save their own lives. 11 died and two dozen, still missing. there is more on the story. >> the hope, however, slim of finding survivors, all they found are five more bodies. underwater video shows images of the damage sustained when the ship slammed into the rocks just off italy's western coast. >> people pushing and passing out. >> among the missing, two americans a couple from minnesota now a recording of a conversation between coast guard and the captain. who was reluctant to go back on the ship. the coast guard says you tell me whether there are children, women or people needing asis stance, and maybe you saved yourself fro

. >> a major shake-up at yahoo. cofounder jerry yang has quit the in evidence giant that he started 17 years ago. len ramirez on the is sudden departure that comes on the heels of a significant new hire. len. >> reporter: that's right, dana. it's going to be hard for a lot of people to imagine yahoo without jerry yang as the cofounder, former ceo and board member and lately as the chief yahoo but now all of that has ended. in a surprise departure, jerry yang stepped down from the board and severed all ties with yahoo. the iconic internet company he cofounded. in a resignation letter today, yang said the time has come to pursue other interests setting off widespread speculation in silicon valley. >> personally, i'd be very surprised if there isn't an announcement pretty soon within maybe a week or two about yahoo being acquired or some sort of majority stake deal. 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 qu

the yahoo says yang's decision was his own. yahoo's quarter earnings comes out next week. lloyd lacuesta, ktvu news. >>> more details now, shares of yahoo rose in afterhours trading. the news of yang's departure came after the closing bell. >>> firefighters in contra costa county say working smoke detectors help a family of five to make an escape. it started at 4:00 this morning: smoke alarms woke up the family inside who then ran through flames to get out. they had just changed the batteries in the alarm a few hours earlier. no one was hurt but unfortunately the home was destroyed. >>> to sit here and watch it all burn to the ground like that is just devastating. it's really taking a toll on me. we don't know what we're going to do because we lost everything. >> reporter: the home was known as the christmas house because of its huge light display during the holidays. investigators suspect a stove used to burn overnight caused the fire. >>> and we're going to take you behind the scenes and show you what some die-hard 49er fans are doing to show their >>> and a big game com

he resigned from all of his positions directly with yahoo. in a written statement i can't think said, my time at yahoo from its founding to the present has encompassed some of the most exciting rewarding experiences of my life, however, the time has come for me to pursue other interests outside of yahoo. we spoke with tech analyst who said yahoo's new ceo had to get rid of i can't think. >> to the microsoft sale, he had been a new ceo first step to make sure they've got a clear course to sail and get all of the impediments out of the way and he would have been one of them. >> reporter: it was three years ago that rejected a buy out by microsoft for $47.5 billion. today the company's worth less than 20 billion. >> regardless of something else, either owned by somebody else or vs.ly different company in five years. >> to make matters tougher, yahoo faces competition from search engine giant, social media giant and many other internet players. i'm consumer editor tom, ktvu channel 2 news. >> more details now on i can't think's career at yahoo. h

. >>> yahoo is trying to reinvent itself. the company company is shifting it's focus to mobile devices. david lure wi reports. >> reporter: yahoo has never been known for snappy home pages. they are diving deep into new services for monthly devices and the emphasis is on graphic appeal. yahoo sees this as its future as sales of tablets soar. wise stand a new news app is one example. one is enter now using sound print. it has streaming video on the ipad. then it delivers news, even tweets from the internet that remit what you are watching on tv. >> these are articles that are surfacing because she was talking about them. >> yahoo research claims that tablet one-third of users are using them when they watch tv. >> they are watching them engaging things in like the same content they are watching on the tube at the time. >> think of a sports fan getting player and team stats without asking for them. >> we can pull those stats while somebody is watching the football game. this sunday i expect a lot of the folks using at best playe

. >>> yahoo! has another ceo. why did the company pick the man that it did and what do investors think? >>> plus, police swarm a san francisco landmark. news at 11:00 starts now. >>> good morning. thanks for being with us at 11:00. i'm marla tellez. >> and i'm jon kelley. this morning, the wrecking ball is tearing through concrete and metal bars that have kept bay area inmates locked up for decades now. the san francisco city jail? san bruno will be torn down by the end of the day. that is where nbc bay area's christie smith is now. she joins us live with a look at all the demolition. we see the wrecking ball right behind you, christie. >> reporter: yeah. good morning. it took five or six swings of the wrecking ball for it to finally do some damage to this old jail but it's happening. 78 years after it opened its doors, last act of san francisco sheriff mike hennessey. he said he vowed to close san francisco jail number three in his first campaign for sheriff 32 years ago. there were reports that it was deteriorat

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 company r.r. donnelley's outlook for its year-end revenues and marg

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

turning around yahoo's core online advertising business. yahoo shares have fallen 13% from their may high, and the shares were down 3% on today's c.e.o. announcement. motley fool senior analyst joe mayger thinks wall street's reaction to scott thompson is short-sighted. >> yahoo's not going to find someone who's an ace on media, turnarounds and technology. i think in the guy they got, they got someone who is a proven guy who's a proven commodity an innovator and right now yahoo does need that different spark. you know, it sounds like they've already made some decisions around the asian assets it sounds like they're going to divest those, and when you take that out of the equation, then it starts to make a lot more sense. >> susie: mayger says investors still holding yahoo stock are counting on the sale of those asian internet businesses. tom, they could bring in $17 billon. >> tom: that's a big number, certainly considering the current market vasio valuation 9 billion dollars. we had responses as we mentioned earlier. that's roll with tonig

john, first shakeup since yahoo! got a new ceo, scott thompson, probably not the last. >> probably not the last. i've been hearing that there could be some more board members who also step down, particularly chairman roy bostock is one who people are looking at. the board has a lot of work to do. they've been looking at potentially spinning off asian assets, including yahoo! japan and ali baba, a lot of yahoo!'s market value is tied up in those assets. investors looking for some sort of deal with those. >> investors haven't been very angry with yang. >> you think about jerry -- before larry and sergei, there was david phylo and jerry yang, who made one of the best uses of the worldwide web, just coming out at the time and yahoo! is still a $20 billion company by market cap. not a lot of people can say they've created that much value. sure, it would have been $40 billion if you had stopped the clock years ago with microsoft. but jerry yang still well respected in silicon valley despite what many people would call stra

. >>> the yahoo! co-founder resigned from the internet giant and his departure is fueling thought that the company might be for sale. yang launched yahoo! in 19905. this comes two weeks after yahoo! hired former paypal executive scott thompson as the ceo. yang took heat from many investors after he reect jed a $47 billion takeover attempt from microsoft in 2008. and one analyst believes other buyers might be interested. >> that's a tough nut to crack. so far the name that comes up most often is alibaba. they say they are not interested in yahoo! now. but that may be different with yang gone and yaw huh in play. he said, quote, my time at yahoo! from the founding to the present has encompassed some of the most commiting and rewarding experiences -- most exciting and rewarding experiences of my life. now it is time for other experiences outside of yahoo!. >> mitt romney admits he pays only about 15% of taxes less then had middle class. most pay about 29% in income tax. romney is worth about $250 million

when i say yahoo, what comes to mild? >> a search company that has seen better days. >> reporter: yahoo surprised the industry today by naming 54- year-old scott thompson its new ceo. he has a financial background formerly the president of ebay's pay pal pay decision. he follows carol barts after she failed to turn the internet company around, we ask the what this new ceo needs to do. >> once they figure out what their primary objective is, make that the main focus of your page, and everyone will be able to say well, yahoo. >> they've got to figure out how to be different from google. google is the king. they do search really well, it does email really well. yahoo has to figure out what they're going to be the king of. >> reporter: thompson says he needs some time, but time may not be what he gets, as stockholders are still angry over yahoo turning down microsoft's offer to buy the company when it had more value. >> the one of the most valuable brands on the internet. it's not going broke, it just has lost its way. so it'

. >>> the yahoo! co-founder resigned from the internet giant and his departure is fueling thought that the company might be for sale. yang launched yahoo! in 19905. this comes two weeks after yahoo! hired former paypal executive scott thompson as the ceo. yang took heat from many investors after he reect jed a $47 billion takeover attempt from microsoft in 2008. and one analyst believes other buyers might be interested. >> that's a tough nut to crack. so far the name that comes up most often is alibaba. they say they are not interested in yahoo! now. but that may be different with yang gone and yaw huh in play. he said, quote, my time at yahoo! from the founding to the present has encompassed some of the most commiting and rewarding experiences -- most exciting and rewarding experiences of my life. now it is time for other experiences outside of yahoo!. >> mitt romney admits he pays only about 15% of taxes less then had middle class. most pay about 29% in income tax. romney is worth about $250 million

really, it is a matter of what the place of yahoo! will 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 its move and to have a vision. i think that's is what the shareholders are looking for. i think that is what the executive director has been brought in to do. this was perhaps seen as a person on the board who was resisting some of the change of the company and ordered to compete with the big companies. >> wikipedia is planning to shut down the english language version of the website for 24 hours. it is part of a protest against anti-piracy laws in the u.s.. the foundation which runs the online encyclopedia says it would merely great new tools for online censorship. >> imagine a world without wikipedia. one of the most popular sites on the internet with more than 25 million visitors every day. but on wednesday, it will block out its english language website for 24 hours, leaving many users in the dark. >> you are trying to do your research pap

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 because it's trying to break the internet and sort of stop the desemination of what to be out there. >> if passed, the bills would give content creators new powers to stop websites. the legislation is supported by the cbs corporation, parent of cnet and cbs 5. >> require u.s. internet service providers to prevend these pirate web sites only existed. >> read it is another sight going dark and crai

a big shake-up at yahoo. the surprise departure and what it means for the struggling internet giant plus down to the wire. the gop presidential candidates get serious. who is asking his fellow candidates to drop out of the race. and the tsa stumbles across a dangerous find. what a woman tried to hide in her hairbrush, coming up. take their 2 year old son ay from him... thats according to court documents in the domestic violence case against san francisco's sheriff. mirkarimi is scheduled >>> ross mirkarimi was worried his wife was trying to take their 2-year-old son away from him. that's according to documents filed this is domestic violence case. he was ordered to stay away from his wife and son this wreak. he is facing three misdemeanor charges after his wife went to a neighbor on new year's day and had the neighbor videotape a bruise on her arm. she told the neighbor, i'm going to use this just in case he wants to take theo, their young son, away from me because he said that he is a powerful man and he can

yahoo cofounder jerry yang is leaving the company. yahoo said yang is stepping down from the sunnyvale company's board. he didn't say why. but the move launched a lot of speculation about yahoo's future. >> personally, i'd be very surprised if there isn't an announcement pretty soon, within maybe a week or two, about yahoo being acquired or some sort of majority stake deal. 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, morg

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 a blogger himself, there's a lot at stake with what is called sopa. the stop online privacy act and pipa, the protect ip act. both bills are aimed at protecting hollywood and content providers battle online piracy. >> this act is going to hurt property because it's trying to break the internet and sort of stop the desemination

so when carol was recruited to go to yahoo! it was presented as management problem, and yahoo! was a management problem. and i think the feeling was if you could install adult supervision and put in place strong management the imaginative innovative juices of the company could make it work. i think what happen and part of it is internally created is that the world changed very dramatically over the last several years is it bake a leadership and management problem at the same time. >> wait, wait. what's the difference. management is looking after staff. leadership is -- >> i think management is morer managing performance, executing to a plan where leadership is more about anticipating the next change and then reallocating resources. and, you know, this is not carol's take. carol was not raised in the media industry. thinking the feeling was that the leaders in place understood the dynamics of the industry. what they really needed was management. >> isn't the whole point that companies don't get past their past, they die, and new companies come along and do something better and b

that is probably what he took to yank him out of pay pal and into yahoo. my guess is that the door won't stop swinging until it hits. >> so what is next for yahoo? he thinks large layoffs and plans are come together company very soon. needless to say this could be the beginning of an exodus. and we'll keep you posted as events continue to unfold. u.s. stocks ending higher but not as a high. they paired gains after an unexpected drop in earnings. your bloomberg index is up slightly with shares of syma symantech leading the way. >> and there is a lot of thicks to decide. >> that has been an issue. >> you're right. >> it turbs out a study on social and health benefits of talking about others. >> the story of heroism recognized nearly 70 years later. the story of a 95-year-old world war ii veteran. >> big storm headed to pacific northwest. spencer christian will answer the question will any of it reach here? >> and 7 on your side puts bargain air fares under the microscope. are they as good as they claim? >> taking a look now at the maze. you're looking at tr

when i say yahoo, what comes to mild? >> a search company that has seen better days. >> reporter: yahoo surprised the industry today by naming 54- year-old scott thompson its new ceo. he has a financial background formerly the president of ebay's pay pal pay decision. he follows carol barts after she failed to turn the internet company around, we ask the what this new ceo needs to do. >> once they figure out what their primary objective is, make that the main focus of your page, and everyone will be able to say well, yahoo. >> they've got to figure out how to be different from google. google is the king. they do search really well, it does email really well. yahoo has to figure out what they're going to be the king of. >> reporter: thompson says he needs some time, but time may not be what he gets, as stockholders are still angry over yahoo turning down microsoft's offer to buy the company when it had more value. >> the one of the most valuable brands on the internet. it's not going broke, it just has lost its way. so it'

the language that yahoo!ing this morning in their press release, thompson seen her on the left in the blue shirt will conduct a strategic review process and consider opportunities for the company's business and investments and disposition of assets. that's a lot of structural change. selling parts of the company kind of hidden in a lot of business talk. yahoo! is not impressing investors. on the nasdaq down 2% this morning. that's garvin thomas to hurt scott thompson's feelings, down 34 cents to 15ds.45. no bulls on the markets this morning. it's all down today. >> thanks so much. a beautiful day outside. looks like a good week. one final check with meteorologist christina loren. >> the warmest day of the week, a live look at san francisco. what a difference a day makes. beautiful sunrise over the city by the bay. no fog to report at this point. make sure you dress in layers. 42 in san jose, up to 62 degrees by noon today. take a look at where some of our highs will end up. 63 in san francisco, 70 in los gato

yahoo! regain direction with a new man at the helm? >>> also ahead -- >> honorable gentleman could perhaps aten more closely to what i'm saying. rather than how i am saying it. he may receive a valuable education in spite of himself. >> as the iron lady debuts in london, we chart margaret thatcher's lasting economic legacy. >>> the word on the world stock market is not particularly cheerful this thursday. exchanges in asia, mostly down after closing a short while ago. in europe, things aren't getting off to much of a start either. let's get straight to the numbers. charles? >> absolutely. right across the board, an hour and three minutes into the trading session, what is worrying these markets, we're seeing a french bond auction today, long dated sovereign debt from the french treasury. it is seen as a test of how much progress euro zone leaders have made. there is a lot of liquidity involved here. it is up to 8 billion euros france will be selling. if it sells all of that it will be $10.4 b

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quitting yahoo!. the internet giant co-founder resigns after 70 years. it is 10:00 in the morning here in singapore. >> it's 2:00 in the morning here in london, broadcasting to viewers on pbs in america and around the world. welcome to "newsday." >> some audio recordings have been released in italy, which suggests that the captain of the costa concordia refused to return to the cruise ship while people were still being rescued. but he denies any wrong doing. another five bodies have been discovered in the wreck. our correspondent matthew price reports. >> in the darkness, scared and disoriented, they moved in the hundreds. down the side of the ship. each one dwarfed by the costa concordia as it lay. past the ship's hull, where the water flooded in. this astonishing conversation took place between the captain and a port official. >> and here is the captain, francesco schettino, the focus of police inquiries. man handled from court today, he's now under house arrest. many here believe it was his actions alone that caused this disaster. his lawyer. >> the c

>>reporter: roy is the chair of yahoo. yang has released a statement saying my time at yahoo from its founding to the present has encompass some of the most exciting rewarding experiences of my life. however the time has come for me to pursue other interests outside of yahoo. 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 pichling

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

if yahoo!to thompson, it means they ignored my campaign to make big knew come a head of yahoo!. he was recently separated from his job as managing partner of the san francisco giants though he has long experience in high tech as a lawyer. if there's anything yahoo! can use in the next couple years it's a good lawyer. >> thanks so much. >>> well said. it is 5:24 right now. still to come on today in the bay, students finally heading back to class after a massive fire tore through their campus. >>> a san francisco zoo has a monkey on its back, but it's not giving out a reward just yet. >>> mother nature is rewarding us with the 70s in many cities today. we'll tell you if that's yours and how long this warmup will last in my full forecast. >>> those 65s on the roadway, going to be less of them during the morning commute. i have a new incident off the castro valley y. we'll see if that affects your drive coming up. >>> we take a look at the golden gate bridge. traffic flowing smoothly right now. loo

. >> yahoo co found era nouned he is leaving. that just two weeks after the company hired former pay pal executive scott thompson as it's new ceo. yang said he would leave to pursue other interests outside of yahoo. the company has been struggling compete with google and facebook for advertising dollars. at 5:30 we tell you what may have led to the departure. >> interest rates for home lones continue to reach new lows. the realtime rate on 30 year fixed rate mortgages is now at 3.69%. that's down slightly from last week and it represents the lowist number since they started tracking the rates in 2008. analysts say they don't expect a 30 year fix rate to go above 4% during the first half of the year. >> investors were encouraged after a positive news out of europe and china. stocks rose on word of a debt auction in spain and strong demand for that nation's bonds. china reported a slow down that wasn't as bad as first thought. the dow was up more than hundred hundred points but finished up 60. the nasdaq was up 17 points. >> a bitt

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