BAE Systems Signs $3B Deal to Supply Jets to Saudi Arabia: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet Wednesday include BAE Systems after the company signed a $3 billion deal with Saudi Arabia to supply 30 more Hawk jets.

The deal, which includes related support and services along with the jets, will reportedly help Saudi Arabian pilots learn to fly the Eurofighter Typhoon jets the country already ordered from BAE. Saudi Arabia bought 72 Typhoon aircraft from BAE, 24 of which have been delivered to the country's air force.

BAE has been struggling in the wake of decreased defense budgets in Europe and America. The British company had announced the closure of its factory in Yorkshire, England, which would see 845 jobs lost.


Hewlett-Packard ( HPQ) is trending as the company is expected to announce job cuts on Wednesday.

HP is scheduled to released its latest quarterly results after the bell, when it's expected to announce as many as 25,000 to 30,000 job cuts. The company's largest round of job reductions came in 2008, when HP slashed 24,600 jobs.

The company has indicated its need to cut back on expenses due to declining revenue.


Comcast ( CMCSA) is another popular search. The company has revealed two new products at the NCTA Cable Show that could undercut wireless companies' prices of text messaging and data services.

Comcast announced Voice 2Go, a new service available through the Xfinity Connect Mobile App. Through the app, users can make phone calls and send text messages for free using Wi-Fi or 3G/4G cellular networks. The calls and messages would be used through their home phone number and would not count against the user's wireless minutes. The app can be installed on Apple iOS and Google Android devices.

Comcast also announced its participation in the CableWiFi network. Four other cable operators joined Comcast in saying they will allow each other's customers to roam onto their public Wi-Fi networks in an effort to drive more traffic onto the cable broadband network, but essentially giving opportunity to customers looking to avoid overage fees from wireless carriers.


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.

More from Stocks

Stocks Tumble as Dow Heads for Eighth Straight Drop

Stocks Tumble as Dow Heads for Eighth Straight Drop

Novo Nordisk Stock Pops Nearly 3% on Positive Diabetes-Drug Results

Novo Nordisk Stock Pops Nearly 3% on Positive Diabetes-Drug Results

Video: Here's Why One Markets Pro Is Raising Cash Right Now

Video: Here's Why One Markets Pro Is Raising Cash Right Now

Why Spotify Is the Ultimate Speculative Stock to Buy

Why Spotify Is the Ultimate Speculative Stock to Buy

Mesoblast Soars on Stem-Cell Treatment Data

Mesoblast Soars on Stem-Cell Treatment Data