Offshore Drilling: Hot Trends
(Hot Trends article updated with information on the recent offshore drilling moratorium.)
NEW YORK (
) -- Offshore drilling is a trending search topic on the internet today on reports that the government plans to issue a new moratorium on deep-water drilling.
The Obama Administration has been tied up in federal court for several weeks attempting to institute a six-month moratorium on deepwater drilling. The moratorium was struck down by a federal court judge, a decision that was upheld by The U.S. Court of Appeals for the Fifth Circuit ruled 2-1.
While the disaster in the Gulf of Mexico has caused some to resent the oil drillers, U.S. District Judge Martin Feldman does not agree that all oil-industry operatives are viewed through the same lens.
"If some drilling equipment parts are flawed, is it rational to say all are?" Feldman asked. "Are all airplanes a danger because one was? All oil tankers like Exxon Valdez? All trains? All mines? That sort of thinking seems heavy-handed, and rather overbearing."
App inventor is a popular search topic today after
(GOOG) - Get Report
announced the introduction of a new tool
from Google Labs that allows anyone to create mobile applications for
.
Mark Friedman, a Google engineer, unveiled the App Inventor in a post on Google's blog this morning, assuring users that anyone, regardless of their programming experience, will be able to make applications for their mobile phone. Google has been testing the App Inventor for a year.
McNeil Consumer Healthcare
, a division of
Johnson & Johnson
(JNJ) - Get Report
, announced a recall on Thursday of
21 of their over-the-counter medications
, including Tylenol, Motrin and Benadryl.
|
The company issued the recall after consumer complaints regarding a musty or moldy odor, which might be related to the presence of a chemical called 2,4,6-tribromoanisole. Consumers who purchased product from the
list of recalled medications
should not use the medicine and contact McNeil for a possible refund or a replacement.
Insurance broker
Aon
(AON) - Get Report
will buy human resources firm
Hewitt Associates
(HEW)
for $4.9 billion in a bid to expand its consulting operations.
Aon
will buy Hewitt at $50 a share
. Hewitt shares opened at $47.09 today, up dramatically from its closing price of $35.40 on Friday. Aon plans to merge with the human resources consulting and outsourcing company and create a new unit called Aon Hewitt.
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 Theresa McCabe in Boston.
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