This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Eastman Kodak, Sony Ericsson: Hot Trends

Stocks in this article: EK SNE ERC

NEW YORK ( TheStreet) -- Popular searches on the Internet Thursday include Eastman Kodak (EK) which filed for bankruptcy.

The 131-year-old photo film maker filed for Chapter 11 bankruptcy protection Thursday, saying it had more than 100,000 creditors, with debt reaching $6.75 billion.

Kodak said it has enough liquidity to continue to operate during the bankruptcy process. It received a $950 million, 18-month credit facility from Citigroup to stay in business.

While it is under bankruptcy protection, the company will look to sell patents and business lines, as well as seeking litigation for intellectual property infringement claims in effort to raise capital.






Sony Ericsson is also trending as the company posted a fourth-quarter loss that missed all forecasts due to lower sales and restructuring costs.

The company posted a loss of €207 million ($265 million), compared to a profit of €8 million in the same period a year ago. The company attributed the results to intense competition, unfavorable macroeconomic conditions and the impacts from a natural disaster in Thailand.

Sony Ericsson shipped 9 million units in the fourth quarter, a 20% drop from a year before.

In October, Sony (SNE) and Ericsson (ERIC) announced that Sony is taking control of the company. Ericsson is to sell its 50% stake in the company to Sony for €1.05 billion. The deal is expected to close in the first quarter.






Facebook is another popular search as it is expanding its feature that enables users to share their online activity on the social network.

Users may be familiar with seeing friends post what songs they're listening to on Spotify or what article they just read, but now Facebook is adding more than 60 partners to expand what users can tell their friends they're up to. The company is working with Ticketmaster, Rotten Tomatoes, Pinterest and other applications to let Facebook users who are visiting those sites share the details on the social network. Users' activities can be seen on Facebook's Ticker, News Feed and Timeline.






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.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs