Foxconn Plant Shuts Down After Brawl: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include Foxconn after the company, a maker of Apple ( AAPL)iPhones, shut one of its technology plants in China following a massive brawl among its workers.

About 2,000 Foxconn workers were involved in a fight at one of the company's dormitories. In a statement, Foxconn described the incident as a personal dispute between employees which occurred around 11 p.m. local time Sunday. According to the statement, police managed to get the brawl under control around 3 a.m. Foxconn said police reported that 40 people were taken to the hospital, three of which were in serious condition, and some were arrested. Foxconn closed its plant in Taiyuan while the situation was being investigated. It could reportedly remain closed for two to three days.

The plant employs about 79,000 people in Taiyuan, China.

Foxconn has come under fire for poor working conditions and mistreatment of its employees at its plants in China. It has increased spending lately to improve working conditions.


Lennar ( LEN) is trending as the homebuilder reported fiscal third-quarter revenue skyrocketed on demand for new houses.

Lennar reported net income of $87.1 million, or 40 cents a share, up from $20.7 million, or 11 cents a share, a year earlier, beating expectations. The company's revenue was the highest in nearly four years.

According to Lennar CEO Stuart Miller, "The housing market has stabilized and the recovery is well underway." Lennar said orders rose for the sixth quarter in a row as buyers took advantage of lower interest rates. The company also reported higher deliveries and backlog across its regions.

Lennar is the third-largest U.S. homebuilder.


Village Voice is another popular search. Village Voice Media, which operates the newspaper chain, is set to split from its Backpage.com online advertising site.

Backpage has been the subject of criticism and controversy for its "adult" classified section, which some have said facilitates sex trafficking. Dozens of advertisers have dropped their accounts with the company, as Backpage has been the focus of a campaign urging advertisers to do so.

Now, Backpage.com will operate as a separate, independent entity. It will be operated by Village Voice Media controlling shareholders Mike Lacey and Jim Larkin.


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.

If you liked this article you might like

New Tax Laws Make Experts Nervous About State of U.S. Housing Market

New Tax Laws Make Experts Nervous About State of U.S. Housing Market

Stock Markets Are Booming Again but Panties Prices Continue to Plunge

Stock Markets Are Booming Again but Panties Prices Continue to Plunge

Housing Stocks Fall as 10-year Bond Yields Hit Highest in Nearly 4 Years

Housing Stocks Fall as 10-year Bond Yields Hit Highest in Nearly 4 Years

Video: Jim Cramer on Walmart, Delta Air Lines, Lennar, KB Home and Netflix

Video: Jim Cramer on Walmart, Delta Air Lines, Lennar, KB Home and Netflix

Jim Cramer on Delta Airlines, Lennar and KB Home's Earnings

Jim Cramer on Delta Airlines, Lennar and KB Home's Earnings