Google ( GOOG) is trending as the company is selling its Motorola Mobility Home division to Arris Group ( ARRS) for $2.4 billion. As part of the agreement, Google will receive $2.05 billion in cash and $300 million in Arris shares, giving Google a 16% stake in Arris. Reports had been circulating since March that Google was hoping to sell the struggling cable box unit, even though its purchase of Motorola Mobility wasn't cleared by regulators until May 2012. Arris, a communications technology company, expects the deal to save the company $100 million to $125 million in annual operating costs.
Ericsson ( ERIC) is another popular search. Ericsson is taking a $1.2 billion charge for writing off the value of its ST-Ericsson joint venture with STMicroelectronics ( STM).
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.