5 Things You Need to Know Before the Stock Market Opens
Market items and Goldman compensation day added to this update
BOSTON (TheStreet) -- Google's (GOOG) fourth-quarter earnings miss leads your quick fix of company, market, economic and investing news for Friday, Jan. 20.
Friday's 5 Biggest Stories
Where is the revenue going to come from to help Google? [Wired]
When the terms "Greece," "default," and "race against time" come in the same sentence, it's hard to be optimistic.[CNBC]
Those unlimited three-year loans from the ECB? Yeah, they're not fixing everything. [Bloomberg] But for Italy, the task of refinancing 90 billion euros doesn't seem so bad anymore. [Reuters] General Electric (GE) manages to beat profit expectations, but the revenue miss is ugly. [MarketWatch]Quote of the Day
" I think the destructive, vicious, negative nature of much of the news media makes it harder to govern this country, harder to attract decent people to run for public office. And I am appalled that you would begin a presidential debate on a topic like that," GOP presidential hopeful Newt Gingrich said when asked about his ex-wife's bombshell that Gingrich asked for an open marriage, the first question of the night at Thursday's CNN Republican debate in South Carolina. [PolitickerNY]Company News
Lost in the worry over Google is that all tech isn't suffering. Take Intel (INTC), for example. [Barron's] Will a bankruptcy filing help save Eastman Kodak (EK)? [WSJ] Microsoft (MSFT) meets estimates even as Windows' contribution to sales hit a two-year low. [Computer World]Markets
It's lonely being a bear in 2012 with the stock market jumping higher. [Market Anthropology] Venture capital had a huge year in 2011. [GigaOm] The new normal on Wall Street: Permanent pressures on profitability. [NYT]Investment Strategy
I know this is hard to believe, but star fund managers are losing investors as they rack up heavy losses. [Reuters] A way for conservative investors to trade financial stocks. [MarketWatch]Odds and Ends
Yesterday was bonus day at Goldman Sachs (GS), which explains why you likely saw dudes in suits with red puffy eyes. [CNBC] Megaupload gets mega cracked down on by the Feds. [WSJ] You made it to Friday. Here's a video from Pearl Jam as a reward. Have a great weekend. [YouTube] -- Written by Robert Holmes in Boston.>To contact the writer of this article, click here: Robert Holmes. >To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet. >To submit a news tip, send an email to: tips@thestreet.com.
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