Apple Expected to Reveal iPad Mini: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include Apple ( AAPL) as the company is expected to unveil its new iPad Mini Tuesday.

Apple is expected to reveal the new tablet at an invitation-only event in San Jose. The iPad Mini is expected to be a smaller, less expensive version of the iPad, made in an effort to stave off competition by Amazon ( AMZN) and Google ( GOOG), both of which have tablets cheaper than the iPad on the market. While some analysts have noted the move could hurt Apple's margins, it could also take away sales from its rivals.

The iPad Mini is expected to have a 7.85-inch screen and be thinner and lighter than its predecessors. Many believe the tablet will come in under $400.

Apple has sold over 84 million iPads so far. Its 9.7-inch iPad starts at $499, while its iPad 2 sells for $399.


DuPont ( DD)is trending as the chemical company announced it plans to cut 1,500 jobs, or 2% of its work force as part of a cost-cutting plan.

DuPont said the cuts will take place worldwide over the next 12 months to 18 months. The company hopes to trim costs by $450 million.

The company also announced a larger-than-expected drop in operating earnings in the third quarter and guided lower for the full year. DuPont reported net income of $10 million, or a penny per share. Excluding items, the company earned 44 cents per share, below estimates of 46 cents per share. The company now expects 2012 earnings to range from $3.25 to $3.30 per share excluding items, compared to earnings of $3.55 per share last year.

The company announced in August it is selling its performance coatings business to Carlyle Group for $4.9 billion.


Target ( TGT) is another popular search. The discount retailer has agreed to sell its $5.9 billion credit card portfolio to TD Bank Group.

TD Bank will pay an amount equal to the gross value of the outstanding receivables when the deal closes. The companies also agreed to a seven-year agreement which stipulates that TD will underwrite, fund and own future Target credit card and Target Visa receivables in the U.S.

The first transaction is expected to close in the first half of 2013.

Target first said it wanted to sell the portfolio nearly two years ago. It had suspended the sale of the business in January after it struggled to find a buyer.


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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