YouTube is trending as the online video site is reportedly considering launching paid subscriptions. According to a report by AdAge, which cites multiple people familiar with the plans, YouTube has already reached out a group of channels asking them to be among the first paid channels on the site. The subscriptions could start at $1 to $5 per month. Including advertisements could also be an option, meaning YouTube would stand to bring in more money not just from subscriptions but from ad revenue. The venture would likely put YouTube, which is owned by Google ( GOOG), in competition with subscription services like Hulu and Netflix ( NFLX).
Boston Scientific ( BSX) is another popular search. The medical device maker announced plans to cut up to another 1,000 jobs around the world. The company has already cut more than 1,000 jobs over the past three years. In July 2011, the company announced plans to cut 1,200 to 1,300 jobs over two and a half years. Prior to that, in February 2010, Boston Scientific said it would eliminate 1,300 jobs.
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.