BAE Systems, EADS Call Off Merger Talks: Hot Trends
NEW YORK ( TheStreet) -- Popular searches on the Internet include BAE Systems and EADS after the companies called off their plans for a merger.
BAE Systems said the companies decided it was in the best interests of the companies and their shareholders to scrap discussions after realizing the French, British and German governments wouldn't agree on terms of the deal or with each other. The companies' failure to win political support of the deal was a key factor in it falling apart.
The $45 billion merger would have created the world's largest defense and aerospace group. EADS is led by France and Germany; BAE is a U.K. defense contractor.
Wal-Mart announced it is testing same-day delivery in several cities across the country. "Walmart To Go" testing began in Northern Virginia and Philadelphia earlier this month, and is expanding to Minneapolis and Northern California in the coming weeks. In testing the service, customers in those markets can pay a flat $10 fee for same-day delivery of an unlimited number of items as long as their orders are placed by noon. Customers can choose one of three four-hour windows for their orders to arrive during later in the day via UPS.
Just last month, Amazon's CEO Jeff Bezos said the company is aiming for same-day delivery in metropolitan areas. According to Amazon's Web site, it has offered limited items in specific areas for same-day delivery since 2009.
Toyota(TM) is another popular search. The carmaker said it is recalling more than 7.4 million vehicles across the globe due to a faulty power window switch.
The recall is being made to fix the driver's side power window switch that is currently at risk of sparking fire. The recall pertains to 2.47 million vehicles in the U.S., 1.4 million in China and 1.39 million in Europe. Models of the Yaris, Vios, Corolla, Matrix, Auris, Camry, RAV4, Highlander, Tundra, Sequoia, xB and xD from years 2005 through 2010 are included in the recall.
Toyota sa9d no accidents, injuries or deaths have been reported as a result of the glitch.
Toyota didn't reveal the recall's financial impact. The automaker said the process to repair the glitch is not extensive and should only take about 40 minutes.
Toyota has been challenged with other recalls in recent years, as well as the debilitating effects of last year's earthquake and tsunami in Japan on its supply chains.
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.