AT&T to Pay TiVo Over Patent Lawsuit

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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:

  • Sears Holdings (NAS: SHLD) hires Brookstone CEO Ron Boire in a last-ditch move to save its struggling Kmart and Sears brands.
  • ExxonMobil (NYS: XOM) is reportedly looking to sell a majority of its stake in Japan-based refiner TonenGeneral in a deal that could be valued near $5.2 billion.
  • AT&T (NYS: T) will pay TiVo (NAS: TIVO) a minimum of $215 million to settle a patent case against the mobile company. TiVo also has patent lawsuits pending against AT&T rival Verizon.

So there you have it -- the top financial stories of the day. If you're interested in getting all the news and commentary on these stocks, sign up for My Watchlist -- it's free!

At the time this article was published Fool contributor Tamara Rutter does not own any positions in the stocks mentioned here. Follow her on Twitter for more Foolish news @TamaraRutter. 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.

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