Skyfire, Electric Cars: Hot Trends
(New information on the Skyfire app and electric cars updated in today's Hot Trends article.)
NEW YORK (
) -- "Skyfire" is a trending search topic following news that the iPhone application that lets users to play Flash video on their devices is sold out.
"Skyfire has historically generated high demand for its browser products but nothing like this," Skyfire CEO Jeffrey Glueck said in a statement. "It was hard to predict consumer demand since this was our first paid app, but we were blown away by the demand and sales."
The $2.99 Skyfire Web browser app was launched on Wednesday afternoon. It was pulled from
Apple's
(AAPL) - Get Report
app store within a day of its debut.
"Electric cars" is a popular search topic on the Internet today after
Panasonic
(PC)
announced it will invest $30 million in
Tesla Motors
(TSLA) - Get Report
.
Japan-based electronics company will purchase Tesla common stock at $21.15 per share and gain about a 2% stake in the U.S. maker of electric car manufacturer.
Tesla stock is up about 40% since it went public on June 29.
"Treasury bonds" is a hot search phrase today after the
Federal Reserve announced the purchase of $600 billion worth of long-term Treasury securities
through the second quarter of 2011 yesterday.
Stocks finished mildly higher Wednesday
following the announcement.
Today,
stock futures are pointing to a stronger open
. Through the purchase, the Fed likely hopes to lower long-term interest rates and help support the U.S. economy.
"MGM bankruptcy" is a trending search topic today after the motion picture company that controls the James Bond franchise filed for bankruptcy protection after receiving its creditors' approval on the plan.
Yesterday,
Metro-Goldwyn-Mayer
and Carl Icahn came to an agreement regarding the studio's prepackaged bankruptcy plan.
>>Icahn, MGM Agree on Bankruptcy Plan
Under the plan, MGM lenders will be able to swap more than $4 billion of debt for close to 95% equity in a new company.
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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