NEW YORK (
) -- Popular searches on the Internet Friday include
on news that
has decided to buy the Oppenheimer family's 40% stake in the diamond company.
Anglo American will purchase the stake for $5.1 billion in cash, increasing its 45% stake in the company to as much as 85%. The agreement will end the Oppenheimer family's 80-year ownership in the miner.
The deal is expected to close in the second half of 2012, pending regulatory and government approvals. Phillippe Mellier is set to remain CEO of De Beers and no management changes are expected.
is trending as the mortgage-finance company reported a $4.4 billion loss for the third quarter and is seeking $6 billion from the U.S. Treasury Department.
This brings the company's total draw from the Treasury to $72.2 billion. The company wants to use the latest installment of Treasury money to eliminate its $6 billion net worth deficit. Freddie Mac attributed its third-quarter financial performance to the weak housing market and financial market conditions. It also reported a $4.8 billion loss in derivatives due to declining interest rates.
The company has been surviving on Treasury aid since the financial crisis in 2008.
is another popular search on news it will take on a stake in the beverage business of
, in exchange for its bottling operations in China.
Pepsi, which has been focusing on investments in China, believes the deal will enhance its presence in the Chinese beverage industry, where it currently ranks fourth in soft drinks. The company will receive a 5% indirect stake in Tingyi, with an option to increase its stake to 20% by October 2015. In exchange, Tingyi-Asahi Beverages Holding Co. will receive Pepsi's equity interests in its bottling operations in China.
Last year, Pepsi announced its intentions to invest $2.5 billion in China's food and beverage industry over three years.
is currently the leader in that space, with a 16.8% share of the soft drinks market.
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.