Business News - AP

WASHINGTON - Federal Reserve Chairman Ben Bernanke began Wednesday to outline the central bank's strategy for reeling in stimulus money once the economic recovery is more firmly rooted. Full Story »

ATHENS, Greece - A strike by civil servants shut schools and grounded flights across Greece on Wednesday, as unions challenged cutbacks aimed at ending a government debt crisis that has shaken the entire European Union. Full Story »

WASHINGTON - The U.S. trade deficit surged to a larger-than-expected $40.18 billion in December, the biggest imbalance in 12 months. The wider deficit reflected a rebounding economy that is pushing up demand for oil and other imports. Full Story »

NEW YORK - Investors are disappointed with Federal Reserve Chairman Ben Bernanke's plans to dismantle the central bank's economic supports. Full Story »

BAGHDAD - Attackers bombed an oil pipeline north of Baghdad, cutting production in half at a refinery in the capital, the oil ministry said Wednesday. Full Story »

BRUSSELS - European Union governments are wrestling over how to help Greece, whose debt crisis has shaken the EU and undermined the shared euro currency. Full Story »

TOKYO - Honda's expansion of its global recall for faulty air bags suggests automakers are turning cautious amid consumer scrutiny of Toyota's safety lapses, a trend that could see more recalls in the coming months. Full Story »

NEW YORK - Sprint Nextel Corp.'s subscriber losses slowed in the fourth quarter, an encouraging sign for a wireless carrier that has lost millions of customers over the past few years. Full Story »

NEW YORK - The New York Times Co. said Wednesday that its fourth-quarter earnings more than tripled, helped by cost cutting, an improving ad market and lower pension costs. Full Story »

DUBAI, United Arab Emirates - OPEC is raising questions about how fast the U.S. economy will be able to bounce back, but is sticking to its forecast for worldwide oil demand for now. Full Story »