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. In today's video, we cover the following:

  • Sears Holdings (Nasdaq: SHLD) hires Brookstone CEO Ron Boire in a last-ditch move to save its struggling Kmart and Sears brands.
  • ExxonMobil (NYSE: XOM) is reportedly looking to sell a majority of its stake in Japan-based refiner TonenGeneral in a deal that could be valued near $5.2 billion.
  • AT&T (NYSE: T) will pay TiVo (Nasdaq: TIVO) a minimum of $215 million to settle a patent case against the mobile company. TiVo also has patent lawsuits pending against AT&T rival Verizon.