Yahoo! ( YHOO) is trending after acquiring news aggregation app Summly from a 17-year-old British entrepreneur for a reported $30 million. Summly scans the Web for news its user wants to read using an algorithm and then summarizes the items. Yahoo! said it plans to incorporate the technology into its own mobile apps and sites -- it will no longer be available as an individual app. Nick D'Aloisio, the app's creator, has been working on it since he was 15. D'Aloisio will work for Yahoo! in its London office while he finishes high school. Two other Summly workers will join Yahoo! at its headquarters in Sunnyvale, Calif. The price tag of the deal was not announced, but reports estimate that Yahoo! paid anywhere from several million dollars to nearly $30 million.
T-Mobile is another popular search. The company announced a new monthly pricing plan that it's offering with no contract. T-Mobile will now offer customers prepaid plans without contracts. For $50, customers will receive unlimited talk and text with 500 MB of data. For $60, customers get 2 GB of data, and for $70 per month customers will get unlimited data. However, customers must pay the full price of the cell phone as part of the deal.
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.