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.
BP's Argentina oil deal collapses
BP said it no longer needs to sell assets to strengthen its financial position and that the company is happy to hold on to its 60% ownership of Pan American. Read the full story at The Wall Street Journal.
Best Buy scraps plans for European megastores
The electronics superstore Best Buy
Bayer climbs on drug approval
Pharmaceutical giant Bayer's shares rose this morning on news that the company's blood thinner Xarelto has been approved for long-term use in patients with an increased risk of strokes. Bayer developed the drug with Johnson & Johnson
Customers pull money from banks
Angry customers are pulling their money from banks nationwide and moving the funds into credit unions. The "move your money" movement comes after some of the nation's biggest banks attempted to add on new debit card fees. "At least 650,000 consumers have already joined credit unions since Sept. 29, the day Bank of America
As a result, some banks have called off the additional debit fees including JPMorgan Chase
That's a wrap
So there you have it -- the top financial stories for this afternoon. If you are interested in getting all the news and commentary on these stocks, sign up to My Watchlist here --it's free!