NEW YORK ( TheStreet) -- Popular searches on the Internet Friday include Starbucks ( SBUX) on news the coffee chain will launch its own single-cup brewer later this year, directly competing with Green Mountain Coffee Roasters ( GMCR), which has a virtual monopoly on the market with its Keurig machines. Shares of Green Mountain dove 16% on Friday on the news. The new "Verismo system by Starbucks" will make both brewed coffee and espresso beverages, and is expected to have a higher price point that than of the Keurig machines. Starbucks said it will continue to create and supply coffee for Keurig machines. The move comes as Green Mountain's patents covering its K-Cup coffee pods are set to expire, opening the door for more companies to sell coffee for Keurig machines without paying Green Mountain royalties.
Apple ( AAPL) is also trending after being told by a bankruptcy judge that it cannot pursue patent infringement claims against Eastman Kodak, as the company is currently in bankruptcy. The judge also denied Apple's request to file a new patent infringement lawsuit against Kodak. Apple had been seeking litigation against the photography company for infringing on a patent that lets consumers preview digital photos on LCD screens. Kodak is currently in the process of trying to sell its patent portfolio. Kodak accused Apple of trying to interfere with the patent sale process and slow it down, as it only has until the end of June under the terms of a $950 million loan.
OPEC is another popular search. The Organization of Petroleum Exporting Countries reported crude production in February rose to the highest level in over three years. Output from the 12 countries in the organization increased to 30.97 million barrels a day last month, compared to 30.82 in January. Crude production was largely driven by increased supplies from Libya, Iraq and Angola. OPEC predicted a flat oil market for 2012 due to the weak economic state of developed nations. It predicted world oil demand to grow by 900,000 barrels a day, which is unchanged from its previous report.
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.