NEW YORK ( TheStreet) -- Popular searches on the Internet Thursday include Glencore as it is reportedly close to an $80 billion deal with mining giant Xstrata.
The deal, which could be announced as early as next week, stands to reshape the mining industry and perhaps lead to further consolidation. Xstrata confirmed it had been approached by Glencore, which has until March 1 to make an offer under British takeover laws.
If the two combined, it would largely be a mining company, with a smaller percentage of earnings coming from commodities trading. It would be the world's fifth-largest listed mining company with a market cap of roughly $78 billion.
Egypt is another popular search after Wednesday evening's deadly soccer riots in the country. At least 74 people were killed and 248 reported to be injured in the tragedy, where fans were brutally stabbed, suffocated or trampled after being trapped in a corridor trying to run from rival fans armed with weapons. Some Egyptian activists claim police and military are to blame for failing to stop the rioting. Organizers in Egypt have arranged marches for Thursday to protest the use of force by police. One police officer died and 14 were injured in the riots. Though local reports initially said 1,000 people were injured in the riots, the Interior Ministry said the number was 248.
Unilever (UN) is trending after it reported its weakest volume growth in almost three years. The company said the amount of goods sold gained 0.1% in the fourth quarter, the weakest growth since the first quarter of 2009 and below analysts' expectations. Volume growth was dragged down by higher prices, which put off consumers, but were necessary due to higher commodity costs. The company said volume was also weighed down by the installation of a software system in North America that shifted sales into the third quarter. Unilever, the world's second-largest consumer goods maker of such brands as Dove Soap and Lipton teas, said sales for the year rose 6.5%.
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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