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Google TV, Oil Spill Feed: Hot Trends

NEW YORK ( TheStreet) -- Google (GOOG) TV continues to be one of the hottest Internet searches on Friday, after the device was revealed at a conference earlier this week.

During the Google I/O meet-up in San Francisco, the company revealed its "smart" TV, which will combine Web surfing and channel surfing. Google teamed with Sony (SNE), Intel (INTC) and Logitech International (LOGI) to develop the TV, which will be available at Best Buy (BBY) in the fall.

In other Google news, the Internet giant received regulatory approval Friday to acquire AdMob, a firm that builds ads for mobile devices.

The company also released a playable PacMan game in place of their traditional logo on their homepage, in celebration of the arcade game's 30th anniversary.

"Old Navy flip flop sale 2010" is a popular search phrase, as the chain, which is owned by Gap (GPS), will sell all classic flip flops for a buck a pair on Saturday. (FYI: There's a limit of five pairs per customer.)

The financial reform bill is peaking interest a day after the U.S. Senate approved the bill.

Bank stocks were gaining Friday as the industry at last garnered some clarity on the coming regulation. Shares of JP Morgan Chase (JPM) were up 5.1% to $39.77, Bank of America (BAC) 3.6% to $15.85 and Citigroup (C) up 3.7% to $3.77.

The oil spill in the Gulf of Mexico continued to spew headlines as a live oil spill feed is being aired on a House select committee's Web site.

The feed, which shows footage from 5,000 feet below the surface of the Gulf, was posted Thursday afternoon.

Since the explosion of the Deepwater Horizon offshore oil rig, which was owned by Transocean (RIG) and operated by BP (BP), oil has been gushing into the Gulf.

BP on Friday said the amount of oil its siphoning from the leak had fallen to 2,200 barrels a day from 5,000 barrels a day.

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

Reported by Jeanine Poggi in New York.

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