Updated from 9:34 a.m. EDT
As expected, the Labor Department reported yesterday that applications for jobless benefits rose slightly last week. New York had the biggest rise in such claims due in large part to layoffs in the transportation and service industries while neighboring New Jersey experienced one of the largest statewide declines in jobless benefit claims.
The market interpreted the report as an indication the labor market remains weak but in check. The report follows a slight drop in jobless claims in the week prior.
(CBS - Get Report)
also made headlines with its announcement to acquire
(CNET - Get Report)
, an online technology news and entertainment company. The $1.75 billion deal is expected to close in the third quarter, and CBS is hoping the acquisition will bolster its online presence.
(GE - Get Report)
plans to auction off its appliance unit for $5 billion to $8 billion. The appliance unit, hurt in large part by the housing slump and high metal prices, accounts for only about 4% of the conglomerate's $173 billion annual revenue.
TSC's Top 10 Most Searched Stocks
With all of this news out there, we thought it made sense to take a look at Thursday's Top 10 Most Searched Stocks on
and find out what
Jim Cramer's take has recently been on them
These stocks could be in the news for a number of reasons. Some require immediate attention while others may not. But it never hurts to hear what Cramer (or any of the other professional investors on the site) has to say about them. The key is to gather as much information as you can in order to make the most informed investment decisions you can make.
Despite the swath of new economic data and Carl Icahn's rising battle with
grabbing all of the headlines, we'll kick it off today with
(DE - Get Report)