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...announcement that Jerry Yang will step down as CEO of Yahoo! was welcome news to investors still seething that the founder turned down an acquisition offer from Microsoft earlier this year worth some $46 billion. (After Yang demanded $4 more per share than Microsoft's offer, the software giant walked away.) Yahoo! is in trouble - its stock price has fallen to around $11 from $29 in February 2008 and it's way behind Google and others in the fast-moving Internet innovation game. (The stock rallied slightly upon news of Yang's departure.) Yang, who took...

Author: /time Magazine | Title: Yahoo! CEO Jerry Yang | 11/19/2008 | See Source »

...Next step: cash in. The hit U.K. show is already seen in more than 100 countries, from Norway to New Zealand, South Africa to Saudi Arabia; its global audience stands somewhere near 500 million. Almost two dozen local editions of the Top Gear magazine - a best seller in Britain - appear on newsstands worldwide. And foreign versions of the program are next. In September, Australian broadcaster SBS aired the first of eight episodes of its own edition of Top Gear. A pilot of a U.S. version is already in the can, and a Russian series is set to air early next...

Author: /time Magazine | Title: Top Gear's Road to Riches | 11/19/2008 | See Source »

...Even though Magnarelli’s presence will be sorely missed on the court, the freshmen have shown that they can be counted upon to step up and have a big game when they are needed...

Author: By Ricky Liu, CONTRIBUTING WRITER | Title: Crimson Beats Wildcats in Season Opener | 11/19/2008 | See Source »

...display, and it will remain there for at least 10 to 20 years before the new Shibuya station, designed by architect Tadao Ando, is built. "It is about regeneration," says Hirano. "Japanese people won't see themselves as victims, but carry a sense of pride and take a step forward. I hope they're inspired by it." In a museum, Hirano says, the mural would have a limited audience. But in the station, the work can speak to anyone. That is, anyone willing to step out of the rush and take a moment to look at a new work...

Author: /time Magazine | Title: A Lost Masterpiece, Now Found in Tokyo's Metro | 11/18/2008 | See Source »

...acov Alperon liked to say he had no enemies, but what he meant was that he had no enemies he feared. Israel is a small country, and it was inevitable that a gangster with ambitions like Alperon would step on his rivals' toes. Once before, they had tried to kill him with a car bomb. Another time, police had caught four Belarusan hit men who were shadowing him. His older brother Nissim, 55, has survived nine assassination attempts...

Author: /time Magazine | Title: The Death of Tel Aviv's Old-Fashioned Mob Kingpin | 11/18/2008 | See Source »

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