HSBC, Facebook Anonymous: Hot Trends
NEW YORK (TheStreet) -- Popular searches on the Internet Wednesday include "HSBC" after Capital One's (COF) announcement that it will purchase HSBC's (HBC) U.S. credit card business for a premium of $2.6 billion.
For Capital One, the acquisition is a way to expand its domestic credit card business.
For HSBC, the sale is part of the bank's strategic realignment that includes the sale of 195 U.S. branches and the closing of retail businesses in Poland and Russia.
The acquisition is expected to be competed in the second quarter of 2012.
"Facebook Anonymous" is trending amid reports the hacker group known as Anonymous has declared Facebook its newest target. A representative from the hacker group said in a July 16 YouTube video that Facebook will be destroyed because of the social networking site's misuse of personal information. Anonymous alleged that Facebook has been selling user information to government agencies and giving it to security firms to spy on users. Facebook has said that it does not sell user information or share information with any third parties the user has not approved. Anonymous has said Facebook will be destroyed on Nov. 5. The group tried and failed to take down Amazon (AMZN) last December, though it has taken credit for disrupting Web sites including eBay's (EBAY) PayPal, MasterCard (MC) and Visa (V) in the past.
"Wisconsin recall" is another hot topic after Republican incumbents won four of six recall elections, preventing Democrats from gaining control of the Wisconsin state senate on Tuesday night. Democrats have been seeking control primarily in opposition to Gov. Scott Walker and his tough labor laws. Next Tuesday, recall elections will be held for two Democratic Wisconsin senators.
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.
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