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.

Fool contributor Tamara Rutter does not own any shares of companies mentioned here. Follow her on Twitter for more Foolish news @TamaraRutter. The Motley Fool owns shares of Bank of America. Motley Fool newsletter services have recommended buying shares of General Motors. 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.