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:

  • Diamond Foods (Nasdaq: DMND) ousted its CEO and CFO after an internal investigation exposed improper payments to walnut growers. The scandal could cost Diamond its pending deal to buy Procter & Gamble's (NYSE: PG) Pringles brand.
  • PepsiCo (NYSE: PEP) reported earnings that beat estimates across the board.
  • Cisco Systems (Nasdaq: CSCO) had a huge fiscal second quarter with analyst-beating earnings.
  • Whole Foods (Nasdaq: WFM) served up numbers that beat estimates by $0.05 for the company's fiscal first quarter.