ADP Employer Services is trending after reporting that U.S. companies added fewer workers in May than forecast. The report indicated that the U.S. added 133,000 in the month, fewer than expected. Meanwhile, new claims for unemployment benefits rose for the fourth week in a row. First-time claims for jobless benefits also rose by 10,000 to 383,000 last week, the Labor Department said. A Labor Department report due Friday is expected by economists to indicate that private payrolls rose by 160,000 in May, while unemployment held at 8.1%.
Another popular search is Virgin Galactic, as the company's spacecraft SpaceShipTwo may be joining the commercial space flight arena. The U.S. Federal Aviation Administration has given SpaceShipTwo manufacturer Scaled Composites a one-year experimental launch permit to begin rocket-powered suborbital test flights. Virgin Galactic claims SpaceShipTwo, a six-passenger spacecraft, is the first of its kind to receive such a permit from the FAA. Virgin Galactic, owned by billionaire Richard Branson's Virgin Group and AAbar Investments PJS, is taking deposits from people willing to pay $200,000 for a ride on a future suborbital flight. The company has already sold 500 tickets for the first flights - the 500th ticket being sold to actor Ashton Kutcher. Branson hopes to the first flight will take place by the end of the year. The experimental permit will only allow Scaled Composites test pilots fly in the spacecraft -- no passengers will be allowed yet.
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.