This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Office Depot Beats Expectations, Yahoo!'s Patent Dispute with Facebook: Hot Trends

NEW YORK (TheStreet) -- Popular searches on the Internet include Office Depot (ODP)as the company reported better-than-expected profit for the fourth quarter.

Office Depot reported net earnings of $12.28 million or 4 cents per share for the fourth quarter, compared to a loss in the same period a year ago. Results were driven by lower expenses and fewer price cuts during the holidays. The company did not repeat charges that dragged down last year's results. Analysts had expected the company's results to break even for the quarter.

Total company sales for the quarter did slightly miss expectations of $3 billion, with Office Depot reporting sales of $2.97 billion.






Barclays (BCS) is another popular topic as the bank revealed it could pay as much as 500 million pounds ($800 million) after a change in British law.

The British Treasury is currently drafting legislation to bar two methods of avoiding tax that would be retroactive to December 1. The Treasury said it could charge Barclays, which previously pledged it would not engage in any form of tax avoidance, for the unpaid tax. The bank reportedly disputes the amount of the potential charge, but says it will comply with new laws once they are in place.

The bank has admitted to repurchasing some of its debt, but indicated it complied with current British laws.






Yahoo! (YHOO) is trending as the Internet portal is demanding that Facebook pay the company for allegedly using its intellectual property.

Yahoo! is threatening the social network with patent litigation, claiming Facebook is violates its patents regarding advertisements, privacy controls, news feed and messaging services. Yahoo! said other companies have already licensed some of the 10 to 20 patents in discussion, and is seeking licensing fees from the social network as well.

Representatives from both companies reportedly met on Monday to discuss the patents and Yahoo!'s claims. Yahoo! has not disclosed the monetary amounts it is seeking from Facebook.






The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar.

Stock quotes in this article: ODP, YHOO, BCS 
Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,408.54 -16.31 -0.10%
S&P 500 1,864.85 +2.54 0.14%
NASDAQ 4,095.5160 +9.2910 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs