NEW YORK (
is among the most searched for terms on Google following reports that the maker of Hefty trash bags would be acquired by New Zealand's
Rank Group subsidiary
Reynolds Group Holdings
will acquire the company for approximately $6 billion. Pactiv shareholders will receive $33.25 per share in cash, representing a 39% premium over Pactiv's May 14 closing price of $23.97, which was the last trading day before reports of the acquisition surfaced.
Rank Group appears to have beat out rival paper and packaging company
and private-equity firm
Apollo Global Management
"Nokia X3" is a popular search term on the Web today after
Nokia used the company's official blog to show off a device that uses both traditional type-button technology and touchscreen capabilities. The device also includes a 5-megapixel camera.
In a promotional video featuring Marko Ahtisaari, Nokia's senior vice president of design -- a heavily stylized clip that is drawing some unflattering comparisons to the marketing techniques utilized by Apple -- the X3 is portrayed as an easy-to-use multimedia device. Ahtisaari goes so far as to compare the touch screen to a "smooth body of water" that "evolves into the ripples of the keypad."
In other words, the flat screen is located above the touch pad, pretty much like the majority of phones in the market.
may have found a way to divert attention from the
Searches are spiking on Google today after the airline announced it is bringing back its "All You Can Jet" pass. Beginning today through August 20, travelers enrolled in the airline's TrueBlue customer loyalty program can purchase an AYCJ-7 pass, allowing unlimited travel on any flight on any day of the week without restriction for 30 days, for $699. The AYCJ-5 pass allows for unlimited travel on weekdays and costs $499.
"Last year, our AYCJ pass inspired customers across our network with the idea of travel without boundaries, whether they set out for more face time with important clients, planned to visit 30 cities in 30 days or lived inside the walls of airport terminals across the country," said Robin Hayes, executive vice president and chief commercial officer. "We look forward to seeing how this year's community of jetters use the pass and create memories that will last a lifetime."
The 30-day travel period begins on Sept. begins on Sept. 7.
"Housing starts" is one of the most searched for terms on Google this morning following the release of the Commerce Department's report on new home construction.
According to the report, construction of new homes rose 1.7% in July to a seasonally adjusted rate of 546,000 units, from a downwardly revised rate of 537,000 in June. Economists had expected the figure to come in at 560,000 units, and view the most recent numbers as further evidence that the housing market is still working to regain its footing after the expiration of federal tax credits for homebuyers expired April 30.
The government report also said applications for building permits, a good indication of future building activity, fell 3.1% to a seasonally adjusted annual rate of 565,000, the lowest rate since May and a steeper decline than the expected rate of 580,000 units.
Investors are searching for
in the hopes of getting a read on the health of the economy from the company's second-quarter results.
The home goods and hardware retailer saw earnings rise to $1.2 billion, or 72 cents per share, from $1.1 billion, or 66 cents per share, a year earlier. Analysts expected 71 cents.
Second-quarter sales rose 1.8% to $19.4 billion.
Management said it expects fiscal-year sales to rise 2.6% and earnings from continuing operations to rise by about 22.6% to $1.90 a share.
Searches for "BHP Potash" are trending on Google after
Potash Corp. of Saskatchewan
rejected an unsolicited takeover offer from
for $130 a share.
The offer is valued at about $38.5 billion.
Potash, in a statement Tuesday, called the BHP Billiton offer
"Financial aid" is among the top searched-for terms on Yahoo today following a report from the U.S. Department of Education showing repayment rates of student loans at for-profit schools was only 36% in 2009.
The report came as the U.S. Government Accountability Office announced the results of an investigation into 15 for-profit colleges, finding that all of them had
There are about 2,000 for-profit colleges eligible to get federal student aid, and their enrollments have grown far faster than traditional higher-education institutions. The aggregate market capitalization of 14 publicly traded corporations in the for-profit school space was $26 billion as of July 14,
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 Ross Tucker in New York
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