This Morning's Top Business Stories

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 (NYSE: CHK  ) , has sold an interest in its joint venture with EnerVest to French oil company Total in a deal worth $2.3 billion. The sale, which highlights international oil and gas companies' growing interest in domestic shale drilling, will give Total a 25% stake in the liquids-rich Utica Shale area of eastern Ohio.

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 (NYSE: BP  ) is asking contractor Halliburton (NYSE: HAL  ) to cover all costs related to the 2010 Gulf oil spill. According to Bloomberg, BP set aside more than $40 billion to cover cleanup charges and other costs for the spill. As of Dec. 1, the oil company had spent more than $21 billion in its response to the incident. Read the full story at Yahoo! Finance.

Intel and Qualcomm fight for dominance in mobile market
Chipmakers Intel (Nasdaq: INTC  ) and Qualcomm (Nasdaq: QCOM  ) face off next week at the Consumer Electronics Show in Vegas. Mobile-phone chipmaker Qualcomm will focus on expanding into Intel's realm of notebook computers, while Intel plans to introduce the use of its chips in smartphones, as the two tech titans compete for control over the future of mobile devices.

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!

Fool contributor Tamara Rutter does not own shares of any companies mentioned in this column. The Motley Fool owns shares of Qualcomm, Transocean, and Intel; and has bought calls on Intel. Motley Fool newsletter services have recommended buying shares of Intel and Chesapeake Energy, as well as creating a bull call spread position in Intel. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (2) | Recommend This Article (5)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1751237, ~/Articles/ArticleHandler.aspx, 8/22/2014 8:13:44 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 10 hours ago Sponsored by:
DOW 17,039.49 60.36 0.36%
S&P 500 1,992.37 5.86 0.29%
NASD 4,532.10 0.00 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

8/21/2014 4:00 PM
BP $48.27 Up +0.08 +0.17%
BP p.l.c. (ADR) CAPS Rating: ****
CHK $26.46 Up +0.13 +0.49%
Chesapeake Energy CAPS Rating: ****
HAL $68.34 Down -0.44 -0.64%
Halliburton CAPS Rating: *****
INTC $35.15 Up +0.65 +1.88%
Intel CAPS Rating: ****
QCOM $76.77 Up +0.33 +0.43%
Qualcomm CAPS Rating: *****

Advertisement