TiVo ( TIVO) is trending as the company said it will buy advertising research company TRA for about $20 million. TiVo is making the move in an effort to further its presence within television analytics. TRA, which measures the effectiveness of television advertisements, actually matches what viewers watch on television with what they buy. The new unit will be known as TiVo Research and Analytics. TiVo expects the deal to close this month.
Barton Biggs is another popular search. The former chief global strategist at Morgan Stanley died rom complications from a bacterial infection. He was 79. Biggs' career at Morgan Stanley lasted 30 years, from 1973 to 2003. He famously predicted many turns in the market over the years, including proclaiming that technology stocks were climbing too high in the late 1990s, telling investors to sell those stocks until the dot-com bubble burst. He was one of the first global investment strategists at Morgan Stanley. At 70, he started Traxis Partners hedge fund after leaving Morgan Stanley. In 2006, his memoir Hedgehogging was released, while in 2008, Wealth, War, and Wisdom was published. He is survived by three children and nine grandchildren.
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.