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:

  • Eastman Kodak (NYSE: EK) officially filed for bankruptcy protection and arranged for bankruptcy financing from Citigroup.
  • AutomakerGeneral Motors (NYSE: GM) is revamping its Chevrolet Volt to try to meet California emissions requirements, which would grant buyers a $1,500 state rebate.
  • Bank of America (NYSE: BAC) showed up strong in the fourth quarter, reporting a profit for the period.

Despite beating estimates for its fourth quarter, B of A faces challenges going forward as it attempts to boost capital levels and streamline the business. If you're looking for a more clear-cut investment, I invite you to learn about "The Motley Fool's Top Stock for 2012." This special report is absolutely free but only available for a limited time. Click here for instant access to this free report.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.