NEW YORK ( TheStreet) -- Popular searches on the Internet Thursday include Infosys ( INFY) after India's second-largest software exporter cut its full-year sales guidance, citing the global economy and weakness in Europe.

Infosys, which receives more than 80% of its revenue from Europe and North America, saw its stock suffer its biggest drop since April 15 after the forecast was cut. The stock closed down 8.4%. Infosys said its new forecast for sales in the year period ending March 31 will range from $7.029 billion to $7.033 billion. In October, Infosys had estimated sales would range from $7.08 billion to $7.2 billion.

Quarterly profit topped expectations, with earnings for the December quarter up 15.4% from a year ago at 23.7 billion rupees ($458 million).


Mortgages and foreclosures is trending Thursday as foreclosures and repossessions fell to their lowest level since 2007 last year, according to RealtyTrac.

About 1.9 million homes entered into foreclosure in 2011, the lowest number in about four years. RealtyTrac said many foreclosures have been delayed, so not only is this not necessarily a sign of a turnaround the firm actually expects 2012's foreclosure rate will be higher than it was in 2011. It does believe it will stay below the foreclosure rate of 2010.

RealtyTrac said one in every 69 homes had at least one foreclosure filing in 2011, compared to 2010 when one in every 45 homes had at least one filing.

Nevada had the most foreclosures for the year, where one out of every 16 households received a default notice. Arizona was second and California had the third-highest foreclosure rate.


Ford ( F) is another hot topic as the company is recalling about 450,000 vehicles due to safety risks.

The company is recalling over 244,000 Ford Escape SUVs from model years 2001 and 2002 due to a fire risk. It's also recalling nearly 206,000 Freestar and Mercury Monterey minivans from 2004 and 2005 as they risk suddenly losing power.

In the Escape, the break master cylinder reservoir cap could leak brake fluid, sparking an electrical fire if the fluid reaches the antilock braking system module. Owners of vehicles in question will be notified beginning Jan. 23 and will have the cap replaced and antilock braking system modified by dealers.

In the minivans, the transmission's torque converter output shaft may fail, causing immediate and sudden loss of power. The recall for the Freestar and Mercury Monterey is not expected to begin until the spring, as dealers wait for required parts to arrive. Once they do, Ford and Lincoln dealers will replace the torque converter at no cost to the consumer.


The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move.

-- Written by Brittany Umar.

Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

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