Royal Dutch Shell (RDSA) is trending as Iraq's government approved a $17 billion contract with the company and Mitsubishi Corp. for a gas project. The contract will allow natural gas being pumped to the surface that is emitted and burned off to be captured at three oilfields in the southern part of the country. The agreement is reportedly good for 25 years. Iraq is said to have a 51% stake in the venture, Shell has a 44% interest, and Mitsubishi owns the rest. Shell has been in talks with Iraq's government since 2008 about gathering gas that the country burns off. Iraq reportedly burns off more gas as a percentage of output than any other country, producing gas emissions and losing billions annually by doing so. The project will also help improve Iraq's greenhouse gas emissions.
The Secret Service is another popular search after it confirmed that a bullet struck the White House. The bullet smashed a White House glass window but was stopped by special anti-ballistic glass that protects the interior of the building. A second bullet also was found outside the building. The Secret Service couldn't confirm whether the bullets were from a shooting that occurred near the White House on Friday night or if they were from a separate incident. On Friday, an AK-47-style rifle was found in an abandoned car after shots were fired between two vehicles about half a mile from the White House. President Barack Obama and First Lady Michelle Obama were in California at the time of the shooting.
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.