Time Warner quarterly profit beats forecasts (Reuters)

Reuters - Time Warner Inc posted better-than-expected quarterly profit helped by its cable networks and the last installment of its Harry Potter movie franchise.

Defense relentless in questioning ex-Stanford exec (AP)

AP - Liar. Hypocrite. Adulterer. Fraudster. Coward.

CVS raises forecast due to rivals' rift (Reuters)

Reuters - CVS Caremark Corp said on Wednesday that its full-year profit should be a little bit better than expected as it wins over former patrons of Walgreen Co who fill prescriptions with pharmacy benefits manager Express Scripts Inc .

Greeks seek elusive bailout deal, EU tempers fray (Reuters)

Reuters - Greek parties will try again on Wednesday to agree a reform deal in return for a new international rescue to avoid a chaotic default, after delays prompted some EU leaders to warn that the euro zone can live without Athens.

Sprint loss widens on iPhone costs (Reuters)

Reuters - Sprint Nextel posted a wider fourth-quarter loss as costs from the Apple Inc iPhone weighed down the No. 3 U.S. mobile operator.

Greek party leaders prepare for crucial debt talks (AP)

AP - Greek coalition leaders are studying a draft deal on harsh cutbacks needed to secure a euro130 billion ($170 billion) bailout that will help the country avoid a looming bankruptcy next month.

Stock futures signal higher Wall Street open (Reuters)

Reuters - Stock index futures pointed to a slightly higher open for equities on Wall Street on Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.2 to 0.3 percent.

Nissan sees annual profits beating Toyota, Honda (Reuters)

Reuters - Nissan Motor Co is on track to be the most profitable of Japan's three big automakers this year, after record car sales last year and improved market share in every major region pushed up quarterly operating profit.

Higher speeds, hired guns drive Somali piracy cost (Reuters)

Reuters - Somali piracy in the Indian Ocean costs the global economy some $7 billion a year, a study said on Wednesday, with ships forced to travel faster over longer routes and increasingly hire armed security guards.

Statoil earnings surge on higher oil, gas prices (AP)

AP - Norwegian oil company Statoil ASA on Wednesday said its profits soared in the fourth quarter on higher oil and gas prices and a one-time gain from the sale of a stake in a gas transportation company.

Yahoo chairman exits, review drags on (Reuters)

Reuters - Yahoo Inc Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China's Alibaba Group and Yahoo Japan.

Eyes on dissident states as mortgage deal nears (Reuters)

Reuters - A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said.

AP Enterprise: Brown bank regulator an insider (AP)

AP - Gov. Jerry Brown's appointee to head the department that oversees banking, financial and consumer regulations in California led a trade association that fought against tighter lending restrictions before the subprime mortgage crisis exploded and was an executive with Washington Mutual when the now-failed bank was among the most aggressive marketers of loans to high-risk borrowers.

Bernanke repeats vow to shield U.S. from Europe fallout (Reuters)

Reuters - Federal Reserve Chairman Ben Bernanke on Tuesday renewed a pledge to prevent Europe's financial crisis from damaging the U.S. economy in testimony before Congress that mirrored remarks he made last week.

Walmart names ex-Woolworths veteran as new China CEO (Reuters)

Reuters - Wal-Mart Stores Inc has named an industry veteran, but a relative newcomer to China, to run what is a strategically crucial business for the world's biggest retailer as it faces tougher competition in the fastest growing major economy.

Bangladeshi Investors Badly Hit by the Stock-Market Crash (Time.com)

Time.com - The dramatic rise and swift fall of Bangladesh's stock market is a cautionary tale for emerging-market investors oblivious to the perils of hasty deregulation and rapid capital inflows