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


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.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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