This Day On The Street
Continue to site
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

Glencore, Egypt Soccer Riots: Hot Trends

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.
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.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
UN $41.93 -0.80%
AAPL $126.44 -0.13%
FB $87.28 0.43%
GOOG $523.40 0.30%
TSLA $280.02 4.04%

Markets

DOW 17,730.11 -27.80 -0.16%
S&P 500 2,076.78 -0.64 -0.03%
NASDAQ 5,009.2140 -3.9090 -0.08%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs