At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know.
French oil giant invests $2.3 billion in Chesapeake Energy joint venture
The second-biggest U.S. producer of natural gas, Chesapeake Energy
According to Reuters, Total paid $610 million to close the deal and will pay the remaining $1.42 billion to Chesapeake by the end of 2014. The other player in the joint venture, EnerVest, is expected to earn $290 million in the deal. Read the full story at Reuters.
BP sues contractor for all costs and damages in Gulf oil spill
Oil company BP
Intel and Qualcomm fight for dominance in mobile market
Intel will need to adapt its chips for efficient use in mobile components if it wants to maintain dominance in the chip market. Read the full story at Bloomberg.
That's a wrap
So there you have it -- the top financial stories of the day. If you are interested in getting all the news and commentary on these stocks, sign up to My Watchlist here -- it's free!