NEW YORK (
Toys 'R' Us
is a trending topic on Google as the retailer gears up for an initial public offering that could garner as much as $800 million.
The retailer was taken private for $6.6 billion in 2005 by a group of investors led by
Kohlberg Kravis Roberts
Vornado Realty Trust
. At the time, Toys 'R' Us was grappling with declining sales, as it faced increasing competition from discounters like
Toys 'R' Us said it will use some of the proceeds from the IPO to repay some of its debt, which, according to an Securities and Exchange filing, totals $5.2 billion.
It did not reveal how many shares it will sell. It will trade on the New York Stock Exchange with the ticker "TOYS."
"Gulf oil leak" continues to be a popular search as
apparently makes headway with its "top kill" tactic to contain the leak -- or maybe not. The oil giant wouldn't call the procedure a success just yet, but there were signs that it is being effective in slowing the spill.
More on BP BP Oil Spill Update: Top Kill Extended
BP began its "top kill" operation on Wednesday; pumping heavy drilling mud into the underwater well, located 5,000 feet beneath the surface of the Gulf of Mexico.
As a result of last month's explosion of Deepwater Horizon, which was owned by
and operated by BP, President Barack Obama suspended all offshore oil drilling in the Arctic and the Gulf of Mexico through the remainder of the year.
iPad is another hot online search term as shoppers mob stores in Europe and Asia to get ahold of the device.
Earlier this month, Apple said it sold 1 million iPads in the United States. The company started taking orders for the device overseas on May 10, after pushing back the launch date due to extreme demand domestically.
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.
Follow Jeanine Poggi on
and become a fan of TheStreet on