Credit Suisse, Google Wallet: Hot Trends

The Justice Department said grand jury investigations have been opened into eight offshore banks for facilitating tax evasion for U.S. citizens, though it did not name which banks.Credit Suisse (CS) is a popular search term on the Internet Tuesday. The bank has said it is a target of a criminal investigation by U.S. prosecutors.

A spokeswoman for the bank declined to comment for Bloomberg and referred to a statement the bank made in July."Credit Suisse is committed to a fully compliant cross-border business," the bank said in that statement, Bloomberg reported. "Subject to our Swiss legal obligations and throughout this process we will continue to cooperate with the U.S. authorities in an effort to resolve these matters."

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Seven Credit Suisse bankers were indicted in federal court in July on a charge of helping U.S. clients with tax evasion through secret accounts. Google Wallet is also trending. Google(GOOG) has launched its first version of the Google Wallet app to Sprint(S). With the app, users can pay for goods by simply waving the phone in front of a payment scanner. Google said its goal is to allow all payment cards to be added to the app and to take the place of plastic credit cards and traditional wallets. Google is beginning to roll out the app to Sprint Nexus S 4G phones with Citi and MasterCard as launch partners, and hopes to work with Visa, American Express and Discover in the future. Mitsubishi Heavy Industries is another popular topic Tuesday as Japan has told its biggest arms supplier to investigate a cyber attack on its computers. The Japanese government requires companies to inform it immediately of any breach of classified information. The government warned Mitsubishi it may have breached contracts to supply billions of dollars of equipment by keeping mum about the online attack. Officials did not learn of the Internet assault, which happened in August, until it was reported in the local press on Monday. 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..

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