(Information on the historically low mortgage rates and Procter & Gamble's Dry Max diapers added to the Hot Trends article.)
NEW YORK (
) -- "Low mortgage rates" is a trending topic on the Internet following reports that
to historic lows for the eleventh straight week.
According to data from
, the average 30-year fixed mortgage rate dropped to 4.32%, down 4 basis points from last week.
The average 15-year fixed mortgage rate came in at 3.83%, down from last week's 3.86%.
Meanwhile, house prices seem to be stabilizing. "Home prices rose 2.3% between the first and second quarter of this year, reaching the highest level since the fourth quarter of 2008, according to the
," said Freddie Mac deputy chief economist Amy Crews Cutts.
"Pampers" is a popular search topic following a report from the
Consumer Product Safety Commission
that U.S. regulators have not confirmed that
Procter & Gamble's
diapers are responsible for giving children severe rashes.
The CPSC received almost 4,700 incident reports regarding diaper rash possibly from Pampers Dry Max diapers between April and August 2010.
"To date, the review has not identified any specific cause linking Dry Max diapers to diaper rash," the regulator said in a joint statement with Health Canada. The U.S. and Canada "will continue to evaluate consumer complaints."
The commission will continue to investigate and test the latest version of the diaper brand. Pampers generates around $9 billion in annual revenue for Procter & Gamble.
"Oil rig explosion" is a hot search topic today following reports that an
in the Gulf of Mexico around 80 miles off the Louisiana coast.
The Associated Press
reported that the Coast Guard said no one was killed in the blast, but that there was one injury. The explosion was reported by a commercial helicopter company around 9:30 a.m. this morning.
The platform is owned by
. Reports say that investigators and crews have made their way to the site and it seems there is no oil leaking from the site.
is a trending topic today following the news that the company has agreed to a $4 billion buyout. The chain will be taken private by
"We have great respect for the Burger King brand and the strong business that management, the employees and the franchisees have built," 3G Capital CEO Alexandre Behring said. "The iconic Burger King brand, its solid franchisee network and great product offerings make this a perfect fit for 3G Capital, which has a strong track record of long-term investments in global consumer brands and retail companies."
Under the agreement Burger King shareholders will receive $24 in cash per share, close to a 46% premium to its Tuesday closing price.
This will be the second time in eight years that Burger King has taken itself private.
"Windows mobile phones" is a trending topic on the Internet today following reports that the
Windows Phone 7 has been released to manufacture. The new smartphone could be on market in as early as a few weeks.
Windows phone engineering corporate vice president Terry Myerson posted the announcement on the
"We had nearly 10,000 devices running automated tests daily, over a half million hours of active self-hosting use, over three-and-a-half million hours of stress-test passes, and eight-and-a-half million hours of fully automated test passes," he said. "We've had thousands of independent software suppliers and early adopters testing our software and giving us great feedback. We are ready."
"Retirement planners" is a hot search topic on
today after a survey released on Tuesday showed that
The survey of nearly 1,800 American women workers was released by the
Transamerica Center for Retirement Studies
, a private nonprofit corporation partly funded by contributions from
Transamerica Life Insurance
Half of respondents claimed they are not confident in their ability to retire comfortably, while statistics from the U.S. Census Bureau show that about one in five women over 65 who live alone also live in poverty.
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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