In this paper, we examine the combined effect of a non-Newtonian couple-stress lubricant, and a magnetic fluid, together with velocity-slip and piezo-viscosity, has on the lubrication characteristics of a finite journal bearing. Using the Stokes micro-continuum theorem and the Barus formula with an artificial (homogeneous) slip surface, we investigate the load-carrying ability, pressure distribution, and frictional coefficient of the bearing. Our results indicate that the piezo-viscosity parameter improves the maximum magnetic and hydrodynamic pressures of the journal bearing. The combined effect also significantly enhances the bearing characteristics.