NEW YORK ( TheStreet) -- Popular searches on the Internet include Fannie Mae after the company posted $2.7 billion in profit for the first quarter, its largest since 2007.
For the first time since the government took it over in 2008, Fannie Mae said it does not need an infusion of taxpayer money. Fannie Mae said it believes its losses have peaked and even set aside $74.6 billion at the end of the first quarter to cover future losses.
A slower decline in housing prices, fewer homeowners behind on their payments and fewer foreclosed homes all helped to aid the company's results, which have some hoping are a signal the real estate market may have hit a bottom.
Fannie Mae has received about $116.2 billion in taxpayer money since its takeover.
Bankia is also trending as Spain took over one of its biggest banks in effort to relieve the struggling sector. Spain took control of BFA, Bankia's parent company, by converting a previous rescue loan of €4.5 billion into equity. The move gives the Spanish government 45% of Bankia. It is expected that Spain will pump additional money into the bank, as well as merge the two entities in order to control both. Prime Minister Mariano Rajoy indicated the banking sector is safe and that more reform would take place on Friday. Bankia is the largest of eight banks the Spanish government has aided in recent years. It holds 10% of deposits in Spain's banking system.
Bed Bath & Beyond (BBBY) is another popular search. The home goods retailer announced it is buying artisanal chain Cost Plus (CPWM). Bed Bath & Beyond will purchase the smaller chain for $554 million in an all-cash deal. It will pay $22 a share, a 22% premium over Cost Plus' closing price on Tuesday.
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.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
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.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
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.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV