Starbucks ( SBUX) is trending after announcing it will cut the prices of its bagged coffee sold in grocery stores. The chain said it's making the cuts to stay competitive following price reductions by rivals like Dunkin' Donuts ( DNKN), Folgers and Maxwell House. Beginning May 10, Starbucks will reduce the suggested retail price on 12-ounce packages of Starbucks coffee to $8.99 from $9.99 and Seattle's Best to $6.99 from $7.99. The price cut will only affect packaged coffee sold in retailers outside of its own shops.
LinkedIn ( LNKD) is another popular search. The networking Web site is acquiring mobile e-reader platform Pulse for about $90 million. The company is paying about 90% in stock and 10% in cash for the application. Pulse was founded by two Stanford University students in 2010. It focuses on aggregating news and information on mobile phones and is used by more than 30 million people worldwide on devices running Apple ( AAPL) iOS and Android operating systems.
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.