Indices closed in the green zone Wednesday. Brands posted gains on news that the European Central Bank is divided on plans to restructure Greece’s debt. Meanwhile, Time Warner issued better-than-expected quarterly data. The media giant reported earnings of 94 cents a share, which were well beyond expectations of 87 cents. Revenue increased by 5% to $8.2 billion. Sprint’s numbers, however, were less than impressive. The service provider reported a wider-than-expected quarterly loss of 43 cents a share from 31 cents a year earlier. Revenue hit $8.72 billion. Analysts expected a lesser loss of 37 cents a share on revenue of $8.69 billion in the fourth quarter. On another note, crude oil added 30 cents to settle at $98.71 a barrel. Looking ahead, PepsiCo, Philip Morris and Pitney Bowes will release quarterly earnings details tomorrow.
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