NEW YORK (
) -- The oil spill in the Gulf of Mexico continues to be a concern, as
saw blade got stuck in a riser pipe in its latest attempt to contain the spill.
BP is currently trying to free the blade, which was trying to cut through the well head so a cap can be attached to stem the flow of oil that has been spilling into the gulf.
The oil giant also confirmed its "top kill" attempt proved unsuccessful, potentially due to a malfunctioning disk inside the well about 1,000 feet below the ocean floor.
More on BP BP Update: The Saw Gets Stuck
Warren Buffet is a hot search as the head of
The Oracle of Omaha is appearing alongside
Moody's Investor Services
CEO Raymond McDaniel. Berkshire Hathaway is the largest shareholder in Moody's, but has been a heavy seller of his Moody's shares in the past year and a half.
Live Blog Warren Buffett's Testimony
is making headlines after the mobile carrier said it is moving away from unlimited-pricing plans for new subscribers to e-mail and Internet services on smartphones.
The change will take effect next week for new customers, which could mean higher costs for heavy data consumers. But it will lower the price for typical customers. Those who are already AT&T subscribers can opt to stick with their current plan indefinitely, even if they switch phones.
May auto sales for major car makers were released on Wednesday.
saw sales surge 17% for the month, while
posted a 23% spike. Other car makers, including
, will release their sales figures later in the day.
said on Wednesday that it is giving up on its $35.5 billion plan to acquire AIA from
American International Group
The deal failed because Prudential shareholders thought the bid was too steep.
The chatter on Main Street (a.k.a. Google) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on Google, and highlights the news that could make stocks move.
-- Reported by Jeanine Poggi in New York.