Goldman Sachs ( GS) is trending as the firm is reportedly selling $2.5 billion of shares in Industrial & Commerce Bank of China to Temasek Holdings. Goldman sold 3.55 billion shares, or 4% of ICBC's shares, to Temasek, which is increasing stakes in China's largest banks. Temasek said the purchase will boost its stake in the bank to 5.3% of Hong Kong-traded shares. The sale is Goldman's fourth and largest by value. Goldman has planned to reduce its stake in ICBC. It purchased its shares prior to the Chinese bank's IPO in 2006. Goldman will have about $3 billion of ICBC shares remaining following the sale.
Sony ( SNE) PlayStation is another popular search. The PlayStation Network will be down for 13 hours Monday for scheduled maintenance beginning at 9 a.m. EDT. The network should be back up by 10 p.m. EDT. During that time frame, users will not be able to access the PlayStation Store, Home, Account Management or play online. PlayStation Network-enabled Web sites will also be unavailable. Sony said it will let users know via Twitter when the network is back online.
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.