Insider Trading, David Sokol: Hot Trends

Updated from 8:40 a.m. EDT.

NEW YORK ( TheStreet) -- "Insider stock trading" is a hot net search after a U.S. Food and Drug Administration chemist was charged by the Securities and Exchange Commission Tuesday with insider trading on information regarding upcoming FDA drug approval decisions.

The SEC alleges that FDA chemist Cheng Yi Liang illegally generated more than $3.6 million in illicit profits by trading with advanced knowledge on at least 27 public FDA drug approval decisions involving 19 publicly traded companies.

The SEC alleges that in January 2011 he made a profit of about $380,000 in less than 15 minutes when he traded in advance of an FDA announcement approving Clinical Data's ( CLDA) application for the drug Viibryd.


"David Sokol" is a hot net search after one of Warren Buffett's leading lieutenants at Berkshire Hathaway ( BRK.B) resigned.

His resignation came after he purchased shares in Lubrizol ( LZ), which he then pushed Buffett to acquire.

Sokol was among the top candidates rumored as a potential replacement for Buffett as CEO of Berkshire Hathaway.


"Starbucks 40th Anniversary" is a trending search topic as the worldwide coffee house chain celebrates its 40th year with a new wordless logo, as well as some new beverage offerings.

Starbucks ( SBUX) started in 1971 in a small retail space in Seattle's Pike Place Market.

Starbucks' New Logo Bleak, Readers Say

The coffee company unveiled its new, streamlined logo earlier this year and has been rolling it out in its nationwide stores since March 8. The new logo design doesn't include the outer green circle with the Starbucks Coffee name. According to our January poll, readers of TheStreet overwhelmingly agreed that Starbucks' new logo is more bleak than sleek.

In addition to the new logo, Starbucks will feature a new cocoa cappuccino, an original coffee blend called Tribute and eight new baked goods known as "petites" in celebration of its 40th anniversary.


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 Theresa McCabe in Boston.

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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

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