(New information on Samsung's tablet computer and the BP relief well updated in today's Hot Trends article.)
NEW YORK (
) -- "Tablet computer" is a trending topic on
today following reports that a new tablet running on
Android system could hit the market as soon as winter 2010.
>>5 Potential iPad Killers
is expected to launch its Galaxy Tab, a thin tablet computer aimed squarely at
iPad, sometime in the next several months.
"Samsung has a strong position in handsets and emerging smartphone design," said Joel Achramowicz, senior vice president of research at investment bank Blaylock Robert Van. "It's certainly emerging competition for the iPad and Apple."
The Galaxy Tab will run on the Android system and will reportedly be available on the
"BP relief well" is a popular search topic today after news that the oil company is
project is on track to be finished on Saturday. It has been about five months since the Deepwater Horizon rig exploded in the Gulf of Mexico on April 20. The explosion killed 11 workers.
No oil has leaked since BP placed a temporary cap on the well in July, and has since worked to permanently plug the leak.
"Mortgage rates" is a trending search topic following yesterday's release of
weekly survey showing that the average 30 year fixed mortgage rate rose
for the second week in a row. The
30 year fixed rate came in at 4.37%
this week, up from last week's 4.35%, but down from 5.04% a year ago.
"Interest rates on 30-year fixed mortgages have remained below 5% for the last 19 weeks giving people ample opportunity to refinance their existing mortgage debt," said Frank Nothaft, vice president and chief economist of Freddie Mac. "Currently, four out of five mortgage applications are for refinancing existing mortgage debt, based on figures by the Mortgage Bankers Association."
The average 15 year fixed mortgage rate dropped to 3.82% from last week's 3.83%. This is the lowest 15 year fixed rate since 1991.
"REI" is a popular search topic on the Internet today after outdoor gear and clothing retailer Recreational Equipment announced that it will be
in the fall of 2011.
The new store will be three floors and 39,000 square feet located in the SoHo neighborhood of Manhattan. It will bring 100 new jobs to the area as well.
"REI is delighted to find such a wonderful location to serve our thousands of Manhattan customers who have been shopping with us for years," said REI president and CEO Sally Jewell. "Our new store in the Puck Building will provide a resource to serve New Yorkers, visitors and community groups eager to enjoy the great outdoors from bike paths and urban greenways to wild and scenic destinations around the world."
REI currently operates 112 retail stores across the nation.
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.
-- Written by Theresa McCabe in Boston.
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