Media Digest (1/19/2012) Reuters, WSJ, NYT, FT, Bloomberg

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Eastman Kodak (NYSE: EK) files for Chapter 11. (Reuters)

Greece and its private lenders work toward a last-hour compromise on a debt exchange. (Reuters)

BP (NYSE: BP) likely to set a $20 billion to $25 billion deal to settle criminal and civil changes from the U.S. government. (Reuters)

EBay (NASDAQ: EBAY) expresses concerns about European business as it announces earnings. (Reuters)

Online demonstrations against an internet anti-piracy bill prompt some members of Congress to drop their support for the legislation. (Reuters)

Sony Ericsson posts an unexpected Q4 loss ahead of its ownership transfer to Sony (NYSE: SNE). (Reuters)

AT&T (NYSE: T) raises the price of data rates that it charges its wireless subscribers. (Reuters)

The new S&P CEO defends decisions to downgrade the U.S. and EU nations. (WSJ)

The White House rejects plans to build the Keystone XL oil pipeline. (WSJ)

General Motors (NYSE: GM) plans to increase Volt sales. (WSJ)

BHP Billiton (NYSE: BHP) says it expects record iron ore output this year. (WSJ)

California Governor Brown pushes for temporary tax increases to salvage the state’s finances. (WSJ)

The International Monetary Fund will try to raise several hundred billion dollars to support weak economies. (WSJ)

Italy sets new plans to allow its private businesses be more competitive. (WSJ)

Younger Chinese move much of their media consumption from TV to the internet. (WSJ)

Airbus raises the price of its A320neo. (WSJ)

Facebook adds a number of applications to keep users online for longer. (WSJ)

The SEC approves a merger between NYSE Euronext (NYSE: NYX) and Deutsche Boerse. (WSJ)

China was a net seller of Treasuries in November. (WSJ)

The International Energy Agency cuts its oil demand outlook. (WSJ)

Hedge funds may sue Greece in the European Court of Human Rights if the nation does not honor bond obligations. (NYT)

A warm winter hurts retailers that sell goods for cold weather. (NYT)

Natural gas prices hit a decade low. (FT)

Commerzbank and Banca MPS may be low on funds and face partial takeovers by their respective governments. (FT)

PayPal’s numbers help eBay’s earnings. (FT)

UK consumer confidence falls. (Bloomberg)

Jamie Dimon of JP Morgan Chase (NYSE: JPM) and Lloyd Blankfein of Goldman Sachs (NYSE: GS) each expect markets to improve. (Bloomberg)

Douglas A. McIntyre