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

yang' departure comes two weeks after yahoo named scott thompson it's new ceo.e follows a ceo which yang helped to oust. >> reporter: all things digital is reporting that four yahoo board members will also be leaving. 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

yang' departure comes two weeks after yahoo named scott thompson it's new ceo. he follows a ceo which yang helped to oust. >> reporter: all things digital is reporting that four yahoo board members will also be leaving. 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 displa

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 failed to turn the company around. investors glad to see the back of her. yahoo shares jumped 12% in the two days af

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

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

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

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

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 north bay. here's the first storm already bringing a lot of snow to the pacific northwest, and they're getting snow even in the northernm

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 you. >> and another blast of cold air is settling in on the bay area tonight. it won't be quite as cold as last night when standing water froze and spencer is here now with the forecast. >> and before looking ahead i'm going to look at the morning's lows. there are numerous record lows for this date. napa, 43 degrees. oakland airport, 28. and those are new records for this date in those locations and numerous ties as well. santa krus, 26 degrees, locations tied lows for this date. we had lower temperatures that were not records. fairfield dropping down to 18 degrees this morning and 21 degrees in sonoma county airport cold around bait area and is going to be cold again, tomorrow night z there is much of the san joaquin valley and low temperatures will drop into the 20s in locations and freeze damage to sensitive plants is possible with weather like this and there may be patches of ice on bridges and overpasses. and there are lows 29 eggs in santa

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

yahoo shares are rising on the yang news.y 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 estimated about one in three adults and one in six kids and teenagers are obese which is defined as being 20% or more above your ideal weight. >>> here's a segue. it could be the next big thing for fast food here in the states. whoppers, fries and shakes all delivered right to your front door. burger king is thinking about expanding its business to home and office delivery. ten stores in the d.c. area now are testing out the service by phone and online. the chain says special packaging technology will keep those burgers and the fries piping hot for your customers. so you don't have to leave home. >>> legionnaire kicking off its flight schedule between oakland and phoenix with a contest. you can win a free trip to phoenix. register at termi

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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

. >>> 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

. >>> 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

. >>> 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

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, but he says most of his income comes from investments made in the past which get taxed at the lower capital gains rate of 15%. >>> former alaska governor sarah palin told fox news

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, but he says most of his income comes from investments made in the past which get taxed at the lower capital gains rate of 15%. >>> former alaska governor sarah palin told fox news

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 criticism from shareholders you may remember as the ceo back in 2008 when he blocked a takeover attempt by microsoft. >>> new developments in the domestic abuse charges against san francisco sheriff ross mirkarimi. court documents suggest new year's eve was not the first time neighbors noticed an argument between the sheriff and his wife eliana lopez. mirkarimi's arraignment on misdemeanor charges is scheduled for tomorrow. his arrest warrant affidavit says two neighbors reported fighting at least twice last year. one neighbor videotaped a bruise that lopez says came from a new year's eve fight a few weeks ago. lopez told the neighbor she asked mirkarimi if they could visit her family in venezuela after his inauguration. she said, he went ballistic yelling, quote, you are trying to take theo, their son, away from me. the other neighbor said 2-year- old theo talked about seeing the new year's eve figh

joey yang started the firm in 1995. his decision to step down comes a fortnight after the appointment of a new chief executive. our correspondent in los angeles gave us more details on this. >> 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 pla

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

news 4's eun yang reports. >> reporter: the year 2011 started with a bang. and that january 26th snowstorm. the fast moving storm moved into the washington region right as rush hour began. drivers trying to get home got stuck in the snow creating a nightmare commute that lasted overnight and into the next morning. carmageddon left people stranded in their vehicles more than 12 hours. a maryland's woman vacation to aruba ended in mystery. robin gardner traveled to the island with gary giordano in august and she has not been seen since. he claimed she disappeared when they went snorkeling. police arrested him for suspicion of murder but eventually had to release him because prosecutors could not find enough evidence to charge hip. the case remains unsolved. >>> another shooting tragedy struck virginia tech university in 2011. a 22-year-old man shot and killed a university police officer on the blacksburg campus december 8th. police are not sure why ross ashley killed officer krouse and then turned the gun on himself. the shooting triggered a campus-wide alert

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 bitter cold is blanketing the bay area tonight and we have live team coverage for you. bill martin is tracking when rain is heading this wait a minute let's start in san jose

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

yang has taken heat for his handling of yahoo!'s affairs going to the move in 2008.uld 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 accused of -- garvin is accused of receiving thousands in grant funds and transferring them back to thomas who used them to fund a lavish lifestyle. if convicted, garvin faces up t

john yang, nbc news, st. louis. >>> still to come on news 4 tonight, why somebody is forfeiting a $14 million lottery prize. and a local chef puts his plan into action. how he's fighting against a speed camera that nabbed him several times. springsteen fans upset tonight. what happened when they tried to buy tickets to his show at the verizon center. ♪ i'll be your shelter in the rain ♪ >> and a star-studded goodbye for etta james. >> we had an awful lot of wind outside today. we may have more wind to cope with as we go through our sunday as well. and there's even the mention of milder air >>> police in fairfax county trying to track down a pair of bank robbers. they said two men head up the m&t bank on maple avenue east. one of the men handed a teller demanding money. a weapon was implied, not displayed, though. the pair got away with an us disclosed amount of cash and a dye pack. tomorrow, the lunar festival continues in fairfax. it's dpexpected to attract 100,0 people by the end of the weekend. this is the

now, yang may not be the last board member out. several others may be planning an exit or having an exit pl planned for them. yahoo! has a new ceo, scott thompson. he's not the board's boss. the board is his boss, but thompson has a lot of influence as do major stockholders who have been hinting at a proxy fight to kick some mored by members out, so we continue to watch big shake-ups happening over at yahoo!, laura. >>> it's 5:33 right now. 5-year-old hasanni campbell disappeared in oakland three years ago, a new cable tv docudrama hopes to bring them home. a veteran reporter with the "oakland tribune" is featured in the clip promoting the show "finding our missing" a special on hasanni campbell. she covered the case from the very beginning. >> while we hear hundreds if not thousands of missing children every year in oakland, they are very, very rarely 5-year-olds. >> the 5-year-old was reported missing by his foster father in august of 2009. the tv-one docudrama talks about his poster father's arrest, but the alameda district atto

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

yang recently won a young leader award from the san francisco foundation. >>> and supporters hoping to get the go-ahead tonight in their claim on a charter school. the unified school district denied the proposal, saying that financial conditions were not met. supporters took their case to the board of education, which is expected to vote at a meeting just getting under way. county staff recommends that the board conditionally approve the charter. >>> and hollywood taking over the rock. a big premier at alcatraz taking place. >>> and at school, they're considering deploying drug dogs on campus, but there are some drugs they wouldn't be able to sniff out. >>> and a cold one again, temperatures in the 20s in some inland bay valleys. and we'll look at the five-day forecast for a chance of rain oh, i see. a throne for the tv... room for movies... your workout gear... non-stop football... it's a man cave! the boys next door will never leave. who says we want them to? . >>> mitt romney's campaign revealing the latest fundraiser totals one day after he won the republican presidential candidate

here's nbc's john yang. >> reporter: today america's heartland answered the call. st.ouis held the nation's first parade to mark the end of the nine-year u.s. military mission in iraq. new york city said there won't be a parade any time soon like the one after the first gulf war in 1991. pentagon officials say it would be premature with troops still in afghanistan. but in st. louis, friends tom appelbaum and craig schneider disagreed. >> there was this like national conversation in the media about should we or shouldn't we have a parade for the iraq vets, and that was like the first thing, like, well, that's silly. of course they deserve a parade. >> that was less than a month ago. they started a facebook page and harnessed the power of social media. >> we didn't do this. we had an idea and we put up a call for help. as soon as we planted a flag, it wasn't -- at first the city rallied and then the country rallied. >> reporter: tens of thousands lined the main thoroughfare to cheer and salute several hundred troops from across the country. it had a home spun feel. from

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. organizers are calling occupy wall street west. it's set to happen on friday. the group's website said protest from dozens of organizations will ral

. >> 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

yang, a poster boy of the tech world, and the rest is history. >> he was once among the most famous executives of the world, and yahoo, the company he cofounded 16 years ago was for many years on top of the world with the stock price that made yang a paper billionaire. but tonight the buzz about yang is not inside venture capital officers or wall street, it's on twitter. he says he will step down effective immediately from all positions. he stepped down to run yahoo as ceo, largely to reject a buyout bid by microsoft. tonight he says he wants to pursue other interests, and as for yahoo, this could mean a roadblock to selling the company is out of the way. we'll keep an eye on where things go from here. >>> where we go right now is football. and speaking of leaders, harbaugh has done what few people thought he could do, turn the 49ers in a championship team in one season. can any team or company expect this from a new leader? we asked an expert. is a good coach -- >> you have a big version of the story -- >> like a good ceo? and if so can good coaching make the difference between an ran and cha

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 ]

. >> investors liking the headlines from yahoo, a day after co-founder jerry yang's resignation. >> janetock exchange with the bloomberg business report. >>> good morning. yahoo shares getting a boost on those headlines about jerry yang resigning this gives the new chief exec scott thompson more power to sell off its 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. califo

nbc's john yang has that story. >> reporter: today america's heartland answered the call. st. louis held the nation's first parade to mark the end of the nine-year u.s. military mission in iraq. new york city says there won't be a parade anytime soon like the one after the first gulf war in 1991. pentagon officials say it would be premature with troops still in afghanistan. but in st. louis friends tom apple bon and craig schneider disash greed. >> like this national conversation in the media about should we or shouldn't we have a parade for the iraq vets? and that was like the first thing is like, well that's silly, of course they deserve a parade. >> reporter: that was less than a month ago. they started a facebook page and harnessed the power of social media. >> we didn't do there. we had an idea and we put up a call for help and as soon as we planted a flag, it wasn't -- at first the city rallied and then the country rallied. >> reporter: tens of thousands people lined downtown's main thoroughfare to cheer and sallude several hundreds of troops and vets across the country.

nbc's john yang takes a look at some of the extreme steps cities there are taking to stay afloat. >> reporter: in pontiac, michigan, city hall can be bought, literally. so can the library, the police station, even the two city-owned cemeteries. what else is on the list? >> everything. all of the city on real estate is on that list. >> reporter: this detroit suburb was once home of the nfl's detroit lions, and big gm car and truck plants. the last of them is now being torn down. here in pontiac, the decline of the auto industry has meant a decline in tax revenues and staggering city budget deficits. so now the city government is downsizing. the police and fire departments have been contracted out to other community ies. at city hall, a whole floor has been mothballed. >> the whole building is 30% too big. >> reporter: there are no asking prices. anyone interested should just make them an offer. the mayor says the point isn't so much raising cash as it is cutting costs. >> the value comes in no longer having to maintain and heat and cool the buildings. >> reporter: so far, developers e