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:

  • The UBS trader accused of making unauthorized transactions totaling as much as $2.3 billion pleaded not guilty to the charges.
  • Microsoft (Nasdaq: MSFT) and other email-service providers including AOL (NYSE: AOL) and Google have joined forces to create a group against "phishing" in emails.
  • ExxonMobil (NYSE: XOM) sold a controlling interest in its Japanese refining business to Tonen General for $3.9 billion.  
  • Lockheed Martin (NYSE: LMT) and Boeing (NYSE: BA) will bid against each other to build a next-generation fighter jet for South Korea.

Fool contributor Tamara Rutter does not own shares of any companies mentioned in this video. Follow her on Twitter for more Foolish news @TamaraRutter. The Motley Fool owns shares of Microsoft, Yahoo!, Google, and Lockheed Martin. Motley Fool newsletter services have recommended buying shares of Yahoo!, Microsoft, and Google, as well as creating a bull call spread position in Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.