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.