LinkedIn Adds 'Following' Feature: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include LinkedIn ( LNKD) as the networking Web site is taking a cue from Twitter and allowing its users to "follow" others.

For the first time, LinkedIn users will be able to post messages and share articles and photos and have them seen by their followers. LinkedIn is starting the new feature by pre-selecting 150 users who can be followed, including President Barack Obama, Republican presidential candidate Mitt Romney, Virgin Group's Richard Branson and Huffington Post President Arianna Huffington. The company said eventually all users will be able to have others follow them.

The move is being made amid increasing competition from the likes of Facebook ( FB). LinkedIn, which makes its money from advertising revenue and premium subscriptions, hopes the new feature will lure users into spending more time on the site.

Lenovo is trending as the company is opening its first PC production plant in the United States.

The PC maker is opening the plant in Whitsett, N.C., where Think-branded laptops, desktop PCs, tablets and servers will be manufactured. The products will be aimed at U.S. consumers. The company said the move will create 115 jobs and expects operations to begin in 2013.

Over the past two years, Lenovo has also opened plants in China and Brazil.

Nokia ( NOK) is another popular search. The handset maker is considering selling its headquarters in Espoo, Finland, as part of a strategy to unload non-core parts.

According to a Finnish newspaper, the building is valued at €200-300 million ($259-388 million). Nokia Chief Financial Officer Timo Ihamuotila confirmed the company is considering the sale of the building, although he said Nokia has no plans to move its head offices elsewhere.

Nokia told investors in July it was looking to sell properties. The struggling company has been axing jobs and making other kinds of cuts in attempt to improve its finances. Nokia has said it hopes to bring down the business expenses of its mobile phone unit to €3 billion by the end of 2013. The unit's expenses last year were about €5 billion.

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 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.