(Hot Trends article updated with new information on the iPod Touch rumors and the upcoming FDA review of Avandia, GlaxoSmithKline's diabetes drug.)NEW YORK ( TheStreet) -- Rumor has it that Apple ( AAPL) is coming out with a new edition of the iPod Touch that could be equipped with a front facing camera and a video chat feature. Although the information is unconfirmed, reputable U.K. retailer John Lewis is said to have recently given a presentation on its Christmas sales that included their thoughts on the latest updates to the iPod Touch. News of the presentation and the fact that the details weren't revealed by Apple has made iPod Touch a trending topic on the Web. The Lewis presentation showed slides of an iPod Touch with two cameras, one in the front and one in the back. The 5-megapixel camera would be able to capture HD video and allow video chatting over Wi-Fi. Lewis claims this new and improved iPod Touch should hit stores by September.
Diabetes Drug is a popular topic on search engines today after the Food and Drug Administration announced that they will review GlaxoSmithKline's ( GSK) diabetes drug Avandia. A two-day meeting will be held next week to discuss Avandia's cardiovascular safety and to determine if the type 2 diabetes drug should remain on the U.S. market. GSK maintains that the drug is safe and provides many necessary health benefits. "Since 2007 we have seen results from six controlled clinical trials looking at the cardiovascular safety of Avandia and together they show that this medicine does not increase the overall risk of heart attack, stroke or death," said Dr. Murray Stewart, vice president for clinical development at GSK, in a recent press release. The meetings will be held July 13th and 14th in Washington DC.
Wells Fargo ( WFC) is among popular search topics today after the company announced on Wednesday plans to restructure its financial division and close 638 Wells Fargo Financial stores across the nation. Wells Fargo also announced plans to eliminate approximately 3,800 positions over the course of the next 12 months.
LeBron James is dominating headlines this morning after he announced his decision to play for the Miami Heat in the upcoming 2010-2011 NBA season last night on ESPN. James will join NBA superstars Dwyane Wade and Chris Bosh on the Heat. In response to James' decision, Cleveland Cavalier's head coach Dan Gilbert wrote an open letter to fans in which he expressed his disappointment in the way James went about announcing his decision to leave his hometown team. He referred to James' decision as a "cowardly betrayal," and guaranteed the Cavaliers will "win an NBA championship before the self-titled former 'king' wins one." Madison Square Garden's ( MSG) stock prices rose earlier this week on hopes that James would settle with the Knicks. However, shares dipped in response to rumors that LeBron was going to the Heat. Now that it's official, investors will keep an eye on MSG and see how it fares. The chatter on Main Street (a.k.a. Google) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on Google, and highlights the news that could make stocks move. -- Reported by Theresa McCabe in Boston.
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