Research in Motion ( RIMM) is trending as the BlackBerry maker has settled a patent dispute with Nokia ( NOK). Nokia said Friday that it agreed to a deal with RIM that will put to rest all patent infringement litigation. RIM agreed to make a one-time payment to Nokia to settle all of its patent disputes. That figure has not been disclosed by either company. In the future, RIM will make more payments for the right to use its patents. The patents included in the deal were also undisclosed. The disputes between RIM and Nokia have been ongoing since 2003, when the companies signed a licensing agreement allowing each other to use some of their standard patents.
News Corp ( NWS) is another popular search. Rupert Murdoch's company formally applied to the Securities and Exchange Commission to split News Corp into two publicly-traded companies -- one focusing on its publishing and the other on entertainment. The news and publishing company would retain the News Corp name, while the television and film company would be called Fox Group. The move comes after pressure from shareholders looking for News Corp to shed its troubled newspaper business.
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.