google announced ceo eric schmidt would hand back the reigns to co-founder larry paige. schmidt was called in during google's early days to supervise then 20-something co-founder larry paige and sergei brin. shares were up following the news, which upstaged google's healthy earnings. >>> hewlett-packard is revamping its boardroom with four new directors, including former ebay ceo meg whitman. hp wants to ramp up the foreign-based presence and smooth the transition at the top after the controversial exit of former chief mark herd. >>> well, concerns that china will take steps to slow its economic expansion and commodities and material stocks lower thursday. freeport mcmorings dropped 4%ç despite upbeat earnings, but earnings were offset, and fewer weekly jobless claims. >>> meanwhile, new labor data shows despite double digit unemployment over much of the past two years over a million foreign-born workers found jobs in the u.s., many of them illegally. >>> back on the street, morgan stanley shares shot up after healthy fourth quarter earnings reports. bank of america sh

larry paige is reclaiming the top job. schmidt was brought in ceo a decade ago because google investors believed they needed a more mature leader. 55-year-old wrote, day to day adult supervision is no longer needed. he will act as advisor to paige and cofounder. the changes take effect april 4th. >> i believe larry is ready. he has been working on this area and his ideas are interesting and clever time for him to shot at running this. i'm sure ally hael do a fantastic job. >> they battles revealed schmidt plans to sell 535 google shares over the next year. >>> today the perjury case against barry bonds, prosecutors once called a home run could face another big strike. bonds's attorneys are asking a judge to throw out some of the most critical evidence against the slugger. janelle wang has more. >> reporter: it's been seven years since barry bonds pled not guilty to multiple counts of perjury and obstruction. first of two hearings where a judge will decide what evidence will be admissible. the judge has barred evidence conn

google cofounder larry paige is reclaiming the top job. submit was brought in because investors believed the company needed a more mature leader but on his twitter account, he wrote day to day adult supervision is no longer needed. he will now act as an advisor to paige. >> i believe larry is ready. he has been working on this time and his ideas are interesting and clever and it's time for him to have a shot at running this. >>> google says schmidt plans to sell 534,000 google shares over the next year. that would be worth about $335 million. >>> there is a drastic decision in san jose to gut adult education. they voted to take millions of dollars from the program that teaches people english. lisa amin gulezian reports, it's all to protect k-12 education. >> they want to take money away from the metropolitan adult education program and use it instead to fund more programs for children. >> it puts us in a position where we have to feed our own. >> two years ago they gave control of the state funding to the school board, you now the district

schmidt is stepping down, larry paige is about to take over. >> still ahead at 6:30, the action oakland's new mayor is now taking that has the city attorney saying she's breaking the law. >> i'm amy holyfield. live in san jose where the light rail system is so good even the drug dealers like it. i'm explain coming up. >> if you're going to laguardia or flying into laguardia i should say watch out for freezing fog and snow. flight arrival delays there are building and you can see the rain in the southeast. our flight tracker's therekkkkkq with the money you invest in clothes, why risk they'll end up faded or stretched ? try woolite. woolite isn't just for your delicates. it's for all your clothes. with woolite complete you can wash everything because it has the right balance of cleaning and care. and say goodbye to fading, shrinking and stretching. woolite complete keeps all your clothes looking like new, longer. visit woolite.us to print your high value woolite coupon. >> closed captioning brought to you by mancini sleepworld. >>> good morning. opening bell ringing right now at 6:29 to st