DJIA: EU Warns Greece, Nokia Cuts 4,000 Jobs, Sprint Nextel Loss, Time Warner Profit Jumps

Stock index futures edged higher on Wednesday as leaders in Greece again attempted to reach a deal on reforms in exchange for a new bailout.

The recent delays stirred European Union officials to warn Greece that the euro zone could continue without the fiscally troubled nation, which needs a rescue package to avoid an unruly default.

In company news, struggling Finnish phone maker Nokia plans to cut 4,000 more jobs at its plants in Finland, Hungary and Mexico as it seeks to cut costs by moving smartphone assembly work to Asia.

Nokia said in a statement the job cuts would take place in phases through this year.

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

The iPhone helped Sprint add 161,000 total net subscribers in the quarter, but this was behind the average expectation for 272,000 additions.

And, finally, Time Warner says its fourth-quarter earnings grew slightly as revenue jumped 5 percent on strong performance at its Warner Bros. movie studio and its cable television networks.