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.
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