announcing a short time ago scott thompson from payroll, a proven leader. he may not be familiar to some folks because he is from paypal which is not a stelthd company. he is scott thompson of paypal talking to my gang of reporters on "press here" a couple years ago. let's z listen to what he sounds like. >> we don't take anything for granted because paypal has only been around 11 years, from nothing in a very short period of time. this is a big business now. >> so thompson goes into yahoo! with lots of challenges. yahoo! of course, got rid of its previous ceo, carol bartz. is thompson the light fit? we'll look at the stock price this morning to see what investors think about it. certainly his match is not exact. he's more from the financial world. he worked with visa and barclays bank and paypal. that brings into question my appointment of bill newcom, that started as a joke on the radio. a few people called and said that's not a bad idea. he recently separated from his job as managing partner of the san francisco giants. of course he has long experience a

the sunnyvale hiring scott thompson as its new ceo. carol bartz fired by the boards of directors last fall. investors so far unsure if it's the right move. shares of yahoo! stock falling 2.5% on the news. shares of netflix stock, on the other hand, had its best day in a long time. the los gatos company rallying on news netflix customers watched 2 billion hours of streaming video the last two months. netflix shares up today by 11%. we take you to san francisco where social gaming giant zynga launched its newest way to do something other than work. it's called hidden chronicles. tonight at 6:00 we'll take you along for an exclusive inside look at how zynga puts the finishing touches on the new facebook-based game, including touches that are typically used when animation companies like pixar make movies. >>> next up, new hampshire. the photo finish in iowa proved mitt romney can win. but the other candidates are hot on his trail. steve handelsman brought coverage from des moines last night and is in new hampshire with continuing coverage,

scott thompson. the former president of paypal has been tapped to lead yahoo. his challenge? 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

and that could be because invest investors don't like scott thompson. but it's more likely they're disappointed yahoo! isn't going to sell itself any time soon. so, they won't be making that profit. for the record, marla, ebay is down today on news that thompson is leaving. so he can feel better about that. >> yes. thank you, scott. >>> traffic concerns over facebook's new campus could prompt a bay area city to sue the social networking giant. east palo alto leaders will meet tomorrow, considering suing facebook for its plans of expanding in menlo park. the former sun microsystems campus at willow road. the company wants as many as 6,600 people to work there by 2015. >>> san francisco school badly damaged by fire is reopening its doors thanks to help from the surrounding community. ♪ lean on me when you're not strong i'll be your friend ♪ >> students and staff of creative arts charter, gathering today to thank the crews that worked nearly 24/7 just to get the k through 8 up and running once again. six classrooms, library, cafeteria and an art studio

but for scott thompson we wish you the best. we'll be right back. >>> that's our how is for this week. my thanks to george kliavkoff and ge wang. these episodes are free on itunes. thank you for making us part of your sunday morning.

. >> this his name is scott thompson, until now was the president of pay pal. he's got the daunting task of trying to save yahoo as the new ceo. he is credited with doubling pay pal users and helping the kch expand into international markets. still what he doesn't have is media content or advertising experience cue keys to reviving yahoo. now in terms of leadership style he may be the opposite of ousted former ceo, known for her brash personality, and swearing in public on occasion. and thompson is more polite. so big is does a guy who knows payments have what it takes to turn around a company with a major content problem? a lot of analysts are skeptical. everyone seems to agree he has work cut out for him. and there is another big story coming from cable companies. the deal will give subscribers access to disney products and it's a mega-sized 0-year deal. disney may receive up to $25 billion for espn programming alone. both sides made the deal to avoid fee zuts that could interrupt service. companies say this is the first time the customers will be able to wat

. >>> yahoo has named scott thompson as the new c.e.o. they have been without a permanent c.e.o. since september. he will start officially on january 9th. >>> a florida family called in pros after thousands of unwanted guests took up residents in the walls. >> my god! there were beehives with over a thousand bees. >>> it is a look at the winning numbers from last night and more coming up. ,, medicare. it doesn't cover everything. and what it doesn't cover can cost you some money. that's why you should consider an aarp... medicare supplement insurance plan... insured by unitedhealthcare insurance company. all medicare supplement insurance plans can help pay... some of what medicare doesn't, so you could save... thousands of dollars in out-of-pocket expenses. call now for this free information kit and medicare guide. if you're turning 65 or you're already on medicare... you should know about this card -- it's the only one of its kind endorsed by aarp; see if it's right for you. all medicare supplement plans let you keep your own doctor, or hospital that accepts medicare. there are

. >>> yoo-hoo named scott thompson as the new ceo. the company has been without a leader since september when it fired carol bartz. his new job starts monday. he served as president of paypal since january of 2008. netflix reported that customers watched more than 2 billion hours of streaming content over the last three months and it has 20 million users. because of that news, the company saw its stock jump by 11% today. it closed at $80. dow gained 21 points. naz dark lost less than a point. the reservoir is in good shape despite the weather. the public utilities commission said they are at 85% of its capacity thanks to the last year's rain. the system supplies water to 2.5 million people in four countys. >>> a look at the state's other reservoirs. lake orville is at 72%. lake shatta 68% and st. louis is at 95% of capacity. >>> no rain out there. a few clouds and big surf along the coast and that is the deal. not a lot going on other than fog tonight. high clouds overhead tomorrow. temperatures tomorrow cooler than they were today. t

yahoo shares 3% after it named paypal scott thompson new ceo. photo pioneer eastman kodak is reportedly getting ready to file for chapter 1 1 bankruptcy protection. more than 1200 boeing employees will be out of work when it stops operations in wichita, kansas, by the end of next year. at&t has agreed to pay tivo $215 million plus monthly licensing fees to settle a patent infringement suit. adele shows u.s. album sales were up 3%, the first rise for the music industry since 2004. >>> good news for you tax deadliners. the irs has pushed back its filing deadline to april 17th this year. april 15th falls on a sunday. and then the 16th is a holiday in washington, d.c. lucky you. >>> big name trade in baseball. a big name upset in college hoops. and the rarest of goals in soccer. plus, west virginia grinds clemson into puchlp at the oran bowl. >>> we have record temperatures in the middle of the country but will that warmth head to the east coast next? your forecast is coming up. you're watching "early today." >>> very good morning to you. if we're j

surprised departure two weeks after yahoo hired former pay pal executive scott thompson as ceo. yang quitting position on the board. >> internet blackout has begun. this is what you get when you try to click on a link here. web site protesting an anti-pirate bill under consideration in congress. >>> headlines. italy judge ordered that the captain of the cruise ship that capsized off the italy coast held under house arrest as evidence mountains that he tried to flee that sinking ship. bruno faces manslaughter charges and accusations he tried to and ship. today authorities recovered 5 more bodies from the partially submerged vessel. death toll now is at 11. about a dozen people however are still missing. investigation is focusing on phone conversation in which rescuers ordered the captain to return to the ship and help those passengers. listen. [ speaking italian]. >> that gives you a more full picture of what happened that day. according to the national maritime union organization there's no established penalty for abandoning ship nor does the captain have to be the last off the

thompson as its new chief eck eastboundtive. he has served as president of paypal since january of 2008. >>> next week, officials in san francisco are expected to make a decision about a jack-in-the-box restaurant. people living nearby don't want it to stay open late at night. all came to a head after a man was rundown after getting into an argument with another man in the restaurant. carolyn tyler has the story. >> reporter: for years this jack-in-the-box has been open 24/. >> you are kind of hungry you can go to jack-in-the-box. >> some neighbors in the surrounding residential area say this fast food restaurant is a magnet for drunks and troublemakers, especially after the bars close at 2 am. >> we need to close that jack-in-the-box between 2 am and 4 am to make sure that the neighbors have a chance for peace and quiet at night. >> reporter: david lee has started an online petition to have the restaurant's hours restricted. more than 400 people signed in just two days. many point to what happened early thanksgiving morning whe

. >> 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 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 p

this comes two weeks after former paypal executive scott thompson was hired as a the new ceo. >>pam: at the battle over how to regulate the internet has reached a boiling point. tomorrow, major was sides are planning blackouts in protest against a bill targeting online piracy. sphere gays >> copyrighted media like movies, tv shows and music is all over the internet. most web users purchase the content or interact with it be the lead to itunes, amazon and other web sites. sphere the big media companies who lose out have pushed federal lawmakers to make it easier to punish those involved in online piracy. what congress came up with is house bill 3261 also known as the stock online piracy act. the bill gives the authorities and internet regulators sharp clause 1 relating piracy. it is the wave was written into the extreme powers that it gives to regulators that seriously concerned proponents. if the bill passes it could mean jail time for watching unauthorized streaming contents and make it easier to obtain court orders against websites this bill is currently working for a house

shares fell 3% after naming scott thompson as the new chief fueling speculation of the struggling search engine still not finding a buyer. kodak is getting ready to file for the chapter 11 bankruptcy protection. and elsewhere, more than 2100 boeing employees will be out of work when it shuts operations in wichita, kansas, by the end of next year. at&t agreed to pay tebow $215 million plus monthly licensing fees to settle the patent i think fringement dispute. and thanks in part to nadel new data shows u.s. album sales were up 3% last year. the first rise for the music industry since 2004. >>> finally some good news for you tax dead liners. the irs pushed back the filing deadline to april 17th this year. april 15th falls on a sunday. and the 16 st. a holiday in washington, d.c. lucky you. >>> a big trade in baseball, a college upset in hoops, and the rarest of goals in soccer. plus, west virginia grinds clemson into a pulp at the orange bowl. the early morning sports headlines are straight ahead. >>> we have record temperatures in the middle of the country, but will the warmth head to the

. >>> yahoo has a new ceo scott thompson. he served as president of paypal since january of 2008. the struggling internet company has been without a ceo since early september when the company fired carol bart and morris. morris will return as yahoo's chief financial identify. >>> east palo alto city council will meet to consider possibly suing facebook. some city officials believe the social networking giant's growth in menlo park will have an unfriendly impact on residents in east palo alto. amy hollyfield is live at facebook's headquarters with the story itch >> reporter: the mayor of east palo alto told me she met with -- met with facebook this morning to discuss her concerns she says one in a series he says it is important facebook does what it can to make sure the move is beneficial to the community and the company. city leaders recognize there are a lot of positives with having facebook here. >> we are excited that an internationally known corporation like facebook is moving into our neighborhood. >> reporter: east palo alto city officials are hoping the move to menlo park w

. >>> yahoo has a new ceo scott thompson. he served as president of paypal since january of 2008. the struggling internet company has been without a ceo since early september when the company fired carol bart and morris. morris will return as yahoo's chief financial identify. >>> east palo alto city council will meet to consider possibly suing facebook. some city officials believe the social networking giant's growth in menlo park will have an unfriendly impact on residents in east palo alto. amy hollyfield is live at facebook's headquarters with the story itch >> reporter: the mayor of east palo alto told me she met with -- met with facebook this morning to discuss her concerns she says one in a series he says it is important facebook does what it can to make sure the move is beneficial to the community and the company. city leaders recognize there are a lot of positives with having facebook here. >> we are excited that an internationally known corporation like facebook is moving into our neighborhood. >> reporter: east palo alto city officials are hoping the move to menlo park w

. >>> new this morning, sunny- veil balessed yahoo has named a new ceo and it is scott thompson, the president of ebay's paypal division. the struggling internet company has been without a permanent ceo since early september. that was when carol bartz was abruptly fired. thompson's new job starts monday. we'll check in with jason brooks with more on this in his moneywatch report at 6:45. >>> and the future of san jose's medical marijuana law is in question. opponents of the law to limit pot clubs in and force them to grow all their marijuana on site have collected enough signatures to put it up for a vote. the "mercury news" reports that there could be a vote as soon as june. or the city council could decide to rescind the ordinance altogether. >>> up next, college students and their families getting more bang for the buck. why uc-berkeley is getting recognized with a national honor. >> and did you get a lot of junk mail? the unusual recipient who is getting hounded for decades by junk mail. p >>> back now at 6:24. the best value for higher education can be found at three u.s. campus

they appointed 54-year-old scott thompson today. some industry analysts say lack of experience in online content and advertising may hurt yahoo. thompson replaces carol who was fired in september. he's yahoo fourth ceo in less than five years. >>> hayward facility is asking for help after someone ransacked its facility. digs apparently broke into the center last weekend. they stole computers, power tools, and soccer uniforms. they also tore up a couch and vandalized library book vending machine. asking community to help replace the stolen items they say they especially need their computers to help day workers find jobs on the internet. who was sided by the tsa trying to bring a loaded weapon on the plane says it was all a mistake. >> what is this person thinking? what kind of an idiot would carry a gun into an airport. >> sanbern nadine know county says he was working into the garage over the weekend. he says he put the gun in his briefcase then forgot it was there when he went to board a flight from ontario this morning. he said he

scott thompson the former president of paypal will now head up the sunnyvale-based company as it struggles to stay afloat. they have had some trouble. it has fallen behind in the search market and has also lost ground in advertising. four months ago yahoo fired carol bartz of the former ceo. several groups of shareholders have called for the sale of the company recently. >>> major concerns over traffic and displaced residents may prompt east palo alto to sue facebook. the social network company took over the old sun microsystem campus in menlo park last month. menlo park and east palo alto leaders are reviewing the impact of facebook's big expansion. planning documents show facebook wants to bring more than 6,000 workers in by 2015. a lawsuit is one of the options east palo alto councilmembers may consider during a closed-door meeting. >>> we all like it get what we pay for, don't we? >> sound reasonable. on the consumerwatch, julie watts has a warning about door- to-door sales pitches that fail to deliver. >> reporter: it's been 15 months since the magazine saleswoman knocked on sandy's d

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 strategic blunders. >> finally, john, do we know what's ahead for him? he's stepping

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 she would vote for gingrich in the south carolina primary

shares fell 3% after it named paypal scott thompson as its new chief. photo pioneer eastman kodak is reportedly getting ready to file for chapter 11 bankruptcy protection. and elsewhere, more than 1,200 boeing employees will be out of work when it shchulterhu shuttes in wichita, kansas, by the end of next year. at&t has agreed to pay tivo $215 million plus monthly licensing fees to settle a patent infringement suit. and thanks to adele, u.s. album sales were up 3% for the first rise in the music industry since 2004. >>> and finally did news for you tax deadliners. the irs has pushed back its filing deadline to april 17th this year. april 15th falls on a sunday. and then the 16th is a holiday in washington, d.c. lucky for you. >>> a big-name trade in baseball, a big upset in college hoops and the rarest of goals in soccer. plus west virginia grinds clemson into pulp at the orange bowl. your "first look" at sports is straight ahead. progresso. it fits! fantastic! [ man ] pro-gresso they fit! okay-y... okay??? i've been eating progresso and now my favorite

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

will have a new ceo, scott thompson of paypal. the head of e pay, the parent company says he'll take over for thompson at paypal and still run ebay too, another sign perhaps that ebay is realizing the most important thing it does isn't ebay, it's paypal. >>> if you forgot your passport, no ap for that. apparently an ipad can still help. a canadian man who forgot his papers at home got across the u.s. border last week by showing this, a photograph of his passport to border agents. >> i remembered that i had a scan of my passport in my drop box which was connected to my ipad and iphone. so i thought maybe i could show them that because it had all the personalitinent information. >> border agents let him across. he had to cross back. so he went back to the canadian border, showed the ipad to the canadian agents and they let him back across, as well. lots of people do do this. you can use drop box. i use a program called evernote as well with photographs of all of my credit cards in case i need to see them and can't find them. back to

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

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 she would vote for gingrich in the south carolina primary

on month, scott thompson will take over the struggling sunnyvale company on monday. he used to be the president of paypal. >>> demolition on san francisco county jail number 3 in san bruno started today. was built in 1934 and the jail was deemed an earthquake hazard and then shut down in 2006 after a federal lawsuit. of course a new jail was built next door. >>> in the race to challenge president obama, the gop field is changing following a razor close finish in the iowa caucuses. michele bachmann dropped out today. now most of the remaining candidates are in new hampshire trying to chip away at mitt romney's lead there. randall pinkston is in manchester with the latest. >>> reporter: allen, it has been a very, very interesting day full of thrills and surprises especially if you are political junkies. of course, mitt romney won that iowa contest as you point out by a close vote. most of the candidates are on the ground in new hampshire fighting for that all important vote next week. and there will be one fewer candidate in the race. >>> reporter: mitt romney picked u

technically the first profit report under scott thompson, pictured here, though he wasn't in charge for the quarter in they will be talking. job search website diceholdings took a survey and found salaries in high-tech in 2011 averaged $105,000 for engineers and programmers. you don't have to take a job permanently either to make a lot of money. contract workers make on average $75 an hour. and you are looking at last priceline commercial featuring william shatner. the company says it's going in a didn't direction. they're killing off shatner's character in a fiery bus plunge. the "wall street journal" says the american bus association has objected to this ad. don't cry for shatner, he's made millions as the priceline spokesperson. he took early stock options in the company there he goes. >> kaboom. scott, thanks. >> if you go out, go out big like that. way to go, bill. time to check back in with meteorologist christina loren in the nbc bay area weather center. good morning. >> good morning. we're going big in terms of temperatures over the next couple of days. very close to 70 degrees

scott thompson has a hard road to hoe, and given he doesn't come from a digital background-- granted he ran paypal ask was more of a technologist-- he's not really a digital marketing person and his benefit, we're not going to see the gains of what he does probably until 2013. >> susie: david, what should investors do with the stock? should they hold on or let it go? >> i think with respect to yahoo!, unless you have conviction that there's going to be a near-term yield, which would probably drive the stock up over 18, you might be inclined to sell it on these negative results. obviously, apple is something that has more of a runway to it, certainly a stronger franchise. of the two we would still be owners of apple over yahoo! >> susie: david, any disclosures? 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 rel

., 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 margins were disappointing. shares fell almost 16%. volume was ten times its usual pace, with shares sinking to a new 52-week low. more digital media has hurt its magazine printing business, which is one-fifth of its sales. a different kind of warning from gold and copper miner newmont. the company expects mining costs to increase

hist >>darya: scott thompson is the new ceo for yahoo, he was a the president of paypal. the struggling internet company has been without a ceo since september. now, he joins yahoo. 50 is replacing carol barts who was fired curious also has served as frozen of paypal since january of 2008 and served as the senior vice president and chief technology officer. here's a look at the numbers. wall street not looking very good today. not horrible, just off from yesterday's gains. the dow is now down 29 flints. marks as a live look into more in iowa, the podium is set up for michelle bachman. there's quite a bit of room of going on that she will announce dropping out of the race. she had a poor performance last night in the iowa caucuses. we're waiting and watching to see if she will make some sort of announcement today about the future of her campaign, back with more in a minute. >>james: and world news, video of a rescue underway as hundreds of a flood victims in thailand are struggling to get to dry land. they're trying to get everyone to higher ground. more than 100,000 peopl

paypal president scott thompson is taking over. they are struggling with market share and declining ad revenues and staff morale. yahoo! has been without apparent direction, trying to decide whether to sell assets, go private or allow itself to be sold. earlier, richard quest asked maggie lake what we know about the new man in charge. >> we don't know a whole lot about him. he's well respected, comes from paypal. he's a person with a payment background, not the name you'd expect for a company that needs something dramatic. that's the problem, richard, this whole announcement today, it was much more exciting to see carl bartz get fired than it was to see this guy get hireded. >> hardly a ringing endorsement. that may have to do with the sheer depth of investors' despair. yahoo! has gone from being a star of the search world to something of an extra. it peaked in 2006 when it was the number two search engine at 40 bucs a share. $43 actually. competitors cornered its markets, google now dominates search and ad revenue, facebook domina

scott thompson may decide he doesn't want assets but something else. and weather channel may not be available. ought yes trader is on the list. it's a move to add content as yahoo tries to compete with google and facebook. and the most-anticipated ipo of the year is face book and banks want in on the action. the ipo is expected this year. the company could be valued at $100 billion z with that price comes a battle of the banks to lead the deal. so what does this take? >> show us your wears whachl are the deals you've done? morgan stanley has the edge that. is an edge for morgan stanley. they're going tout their retail. this should abe populist type deal. >> that is kiss shifting gears today's numbers flat. good news from labor market wasn't enough to mask disappointing profit forecasts for retailers. and and the separation would allow barns and noble to focus more on brick and mortar stores which makeup its core business. at bloomberg studios, i'm emily chang. >> thank you very much. >> and there this is winter, temperatures near 70 and it's beautiful,

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 connection to, we'll say against employees as a company that can block him from doing things he wanted to do. 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

scott thompson was offered a package for $27 million to lure him away from pay-pal. thompson's agreement includes $22 million in stock incentives depending on how well the company does under his leadership. >>> the internal revenue service estimates 27% of citizens and business didn't pay the proper amount of taxes. and they you the government $56 million. these numbers are for 2006, the most recent year available. and 450 billion is more than the federal budget deficit at that time. >>> gone but not forgotten. the whale spotted in an unusual location and where they are now. ♪ sea bass... ♪ ooohhh! ♪ i like it. yeah, i love the kitchen. [ male announcer ] the epa-estimated 42 mpg highway chevy cruze eco. from looking for your perfect home to finding it. chevy runs deep. from looking for your perfect home to finding it. >>> two hump back whales spotted in the honolulu harbor have made their way back to sea. the mother whale and calf were first spotted in the harbor yesterday. the coast guard conducted an aerial search at sunrise and didn't see the whales. >>> ma