This Day On The Street
Continue to site
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

House Speaker John Boehner's Plan B Fails: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include "Plan B" after House Speaker John Boehner's proposed legislation failed to garner enough support to bring it up for a vote on the floor.

Boehner had publicly vowed that the House would pass a bill extending the current tax rates for everyone except those earning $1 million or more. After what was supposed to be a demonstration of his power to President Obama, Boehner was forced to release a statement indicating the bill had failed. Now, the fiscal cliff issue remains at hand.

With House Republicans sent home for Christmas after the bill's collapse, it is now up to President Obama and Boehner to keep negotiating. Boehner said Friday he will continue searching for ways to resolve the fiscal cliff. In their most recent offers, President Obama agreed to letting Bush-era tax cuts expire on those making over $400,000, while Boehner has stuck to the $1 million mark. President Obama has also put $1.2 trillion in revenue and $800 billion in spending cuts on the table, while Boehner has offered $1 trillion in revenue and $1 trillion in spending cuts.

Research in Motion (RIMM) is trending as the BlackBerry maker has settled a patent dispute with Nokia (NOK - Get Report).

Nokia said Friday that it agreed to a deal with RIM that will put to rest all patent infringement litigation. RIM agreed to make a one-time payment to Nokia to settle all of its patent disputes. That figure has not been disclosed by either company. In the future, RIM will make more payments for the right to use its patents. The patents included in the deal were also undisclosed.

The disputes between RIM and Nokia have been ongoing since 2003, when the companies signed a licensing agreement allowing each other to use some of their standard patents.

News Corp (NWS - Get Report) is another popular search.

Rupert Murdoch's company formally applied to the Securities and Exchange Commission to split News Corp into two publicly-traded companies -- one focusing on its publishing and the other on entertainment. The news and publishing company would retain the News Corp name, while the television and film company would be called Fox Group. The move comes after pressure from shareholders looking for News Corp to shed its troubled newspaper business.
1 of 2

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
NOK $5.87 0.00%
NWS $12.96 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs