BOSTON ( TheStreet) - Earnings results from Bank of America ( BAC) and Morgan Stanley ( MS) lead your quick fix of company, market, economic and investing news for Thursday, Jan. 19.
Thursday's 5 Biggest Stories
Bank of America books a profit in the fourth quarter, but it came thanks to one-time items like the sale of its CCB stake. ReutersMorgan Stanley, on the other hand, reports a loss that was smaller than analysts had expected. CNBCSpain and France pass critical tests: Both countries saw strong demand for their debt at auction. NYT Don't forget about Greece! The country heads into a second day of talks with creditors to slash debt and avoid default. Bloomberg Meanwhile, Fitch Ratings says its review of six eurozone countries will results in downgrades of one or two notches. Welcome to the party, Fitch. Reuters
Quote of the Day
"We don't need concessions. What we need is a sufficiently effective governance system that is able to eliminate the risk markets associate with the euro zone," Italian Prime Minster Mario Monti said of the need for better eurozone governance. MarketWatch
It's finally official: Eastman Kodak ( EK) has filed for bankruptcy. NYT Why even bother calling it eBay ( EBAY) anymore. Let's just call it PayPal. FTWebMD ( WBMD) is facing uncertain times, made more uncertain after Carl Icahn boosted his stake to nearly 12%. Forbes
After 2011 saw outflows that rivaled 2008, investors are back in stock funds in 2012. WSJ 13 signs of a bull market. Ivanhoff Capital