Qualcomm ( QCOM) is trending as the company will invest up to $120 million in Japanese TV-maker Sharp. As part of the agreement between the two companies, Qualcomm and Sharp will collaborate on developing new power-saving screens. They will also potentially work together on chipsets. Qualcomm's cash injection will help Sharp boost its shareholder equity ratio, which has been at low levels. Qualcomm will invest 4.93 billion yen ($59.91 million) by the end of the year, giving the company a 2.64% stake after dilution. Its remaining investment will be conditional on Sharp returning to profit by March 31.
ADM is another popular search. Archer Daniels Midland Co. ( ADM) raised its bid for Australia's GrainCorp by 3.8% to A$2.8 billion after its prior offer was rejected. ADM's offer comes to A$12.20 a share in cash, compared to its prior offer of A$11.75. Its new offer includes a dividend of A$0.35 a share, announced last month, which shareholders are allowed to keep. ADM's acquisition of another 5% of GrainCorp shares brings its stake to 19.9%.
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.