Facebook, Deepwater Horizon: Hot Trends

NEW YORK (TheStreet) -- Popular searches on the Internet include Facebook as the social networking Web site announced that its new Timeline feature will be going live globally over the next few days.

Timeline will tell a visual story of the Facebook user's personal history through an activity log consisting of photos and status updates, the option to share life stories, and the ability to highlight memories or photos from significant moments. Users will have seven days to edit their Timelines by removing posts or photos they don't want featured or updating their information before their Timeline becomes the default look on their profile pages. As the feature gets rolled out, users will start to see invitations to switch over to Timeline. The seven-day grace period to edit Timeline begins as soon as users switch over.

Timeline will eventually become the new look for all Facebook profiles.

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Deepwater Horizon is trending on news that Cameron International Corporation (CAM) will pay oil company BP (BP) $250 million in relation to the Gol fof Mexico oil spill in April 2010..

Cameron is the manufacturer of the Deepwater Horizon blowout preventer. Both companies said the agreement isn't an admission of liability for either party and both will release potential claims against one another. BP said it will devote the money to its $20 billion trust to pay claims and costs in damages to natural resources.

The Deepwater Horizon spill, otherwise known as the BP oil spill, occurred in April 2010 after the explosion of Deepwater Horizon and the subsequent oil gusher that spilled for three months in the Gulf. It was the largest accidental marine oil spill in history.

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Internet Explorer is another hot topic. Microsoft (MSFT) will be integrating a new feature on the Internet browser that will automatically update the browser with the newest and most secure software possible.

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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.

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.