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:

  • PepsiCo (NYSE: PEP) is reportedly looking to cut thousands of jobs and reduce pension plan costs in order to boost profits.
  • Verizon (NYSE: VZ) agreed to increase the amount of compensation it previously disclosed for former CEO Ivan Seidenberg, after the SEC raised concerns.   
  • Apple (Nasdaq: AAPL) hired Todd Teresi, a former executive of Adobe Systems, to lead its struggling iAd business.