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!

BAE Systems Signs $3B Deal to Supply Jets to Saudi Arabia: Hot Trends

NEW YORK (TheStreet) -- Popular searches on the Internet Wednesday include BAE Systems after the company signed a $3 billion deal with Saudi Arabia to supply 30 more Hawk jets.

The deal, which includes related support and services along with the jets, will reportedly help Saudi Arabian pilots learn to fly the Eurofighter Typhoon jets the country already ordered from BAE. Saudi Arabia bought 72 Typhoon aircraft from BAE, 24 of which have been delivered to the country's air force.

BAE has been struggling in the wake of decreased defense budgets in Europe and America. The British company had announced the closure of its factory in Yorkshire, England, which would see 845 jobs lost.






Hewlett-Packard (HPQ) is trending as the company is expected to announce job cuts on Wednesday.

HP is scheduled to released its latest quarterly results after the bell, when it's expected to announce as many as 25,000 to 30,000 job cuts. The company's largest round of job reductions came in 2008, when HP slashed 24,600 jobs.

The company has indicated its need to cut back on expenses due to declining revenue.






Comcast (CMCSA) is another popular search. The company has revealed two new products at the NCTA Cable Show that could undercut wireless companies' prices of text messaging and data services.

Comcast announced Voice 2Go, a new service available through the Xfinity Connect Mobile App. Through the app, users can make phone calls and send text messages for free using Wi-Fi or 3G/4G cellular networks. The calls and messages would be used through their home phone number and would not count against the user's wireless minutes. The app can be installed on Apple iOS and Google Android devices.

Comcast also announced its participation in the CableWiFi network. Four other cable operators joined Comcast in saying they will allow each other's customers to roam onto their public Wi-Fi networks in an effort to drive more traffic onto the cable broadband network, but essentially giving opportunity to customers looking to avoid overage fees from wireless carriers.






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!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.40 -3.97 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

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