NEW YORK ( TheStreet) -- Popular searches on the Internet include Novartis ( NVS) on news the European pharmaceutical company is cutting 2,000 jobs.

The job cuts will take place in the U.S. and Switzerland, while the company will add roughly 700 jobs in China and India. The cuts, which equal 1% of the company's work force, will take place over three to five years.

Novartis has had to focus on cost-saving since government austerity measures forced it to lower prices by about 5% this year. The job cuts are expected to generate savings of more than $200 million a year.


Netflix ( NFLX) is trending after shares of the company around 30% after reporting its third-quarter financial results.

Losses in customers came in worse during the third quarter than the company predicted. Netflix had projected a loss of 600,000 users, while the company actually lost about 780,000. Domestic subscribers also fell to 23.8 million, a bigger decline than the company forecast.

The company has been dealing with customer revolt over its decisions in the past three months, including its drastic price hike, its decision not to pursue a renewed streaming contract with Liberty Starz, and its on-then-off-again plans to rebrand its DVD service.

Ahead of the results, Netflix announced plans to enter the U.K. and Ireland in 2012 with its streaming service. The company now forecasts losses in 2012 due to costs related to this move.


Wal-Mart ( WMT) is another popular topic. The retail giant is reopening 13 stores in China after the Chinese government forced the company to shut them down upon discovering the stores were selling regular pork labeled and sold as organic.

Wal-Mart locations in the Chongqing province opened to crowds of waiting people, with one location fielding roughly 100 shoppers outside its doors prior to opening.

Authorities had arrested two employees when the pork mislabeling was found, while another 25 remain under investigation. Wal-Mart reportedly used its two-week shutdown in the city to strengthen its monitoring procedures and training. Wal-Mart China added a fast-food inspection lab in its stores.

Wal-Mart has 353 stores in the country and recently celebrated its 15-year anniversary there.


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.

Brittany joined TheStreet.com TV in November 2006 after completing a degree in Journalism and Media Studies at Rutgers College. Previously, Brittany interned at the local ABC affiliate in New York City WABC-TV 7 where she helped research and produce On Your Side, a popular consumer advocacy segment.

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