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Stocks Mixed After Volatile Session

The benchmark 10-year Treasury added 12/32 to dilute the yield to 1.962%. The dollar was up 0.29%, according to the U.S. dollar index.

In corporate news, Royal Bank of Scotland (RBS) is expected to pay some 400 million pounds ($627 million) for a role it played in the LIBOR global interest-rate rigging scandal, Reuters reported, citing sources familiar with the situation. Shares gained 1.3% on Tuesday.

Time Warner (TWX - Get Report) reported adjusted fourth-quarter earnings of $1.17 a share on revenue of $8.16 billion. Analysts expected the company, which owns CNN and HBO, to post fourth-quarter earnings of $1.10 a share on revenue of $8.25 billion. Shares rose 4.1%.

Board game maker Hasbro (HAS) announced a new token lineup for its classic American real estate game, Monopoly. Fans voted to add a cat, replacing the iron. Shares increased 0.7%.

CVS Caremark (CVS - Get Report) on Wednesday posted fourth-quarter adjusted earnings of $1.14 a share; analysts were looking for $1.10 a share. Shares were off 0.93% on Wednesday.

Zynga (ZNGA) beat Wall Street expectations on Tuesday as the company reported a profit of 1 cent a share on revenue of $311.1 million for the fourth quarter. Analysts expected a loss of about 2 to 4 cents a share on revenue of $255 to $265 million. Shares popped 9.1%.

Chipotle Mexican Grill (CMG) said its fourth-quarter earnings rose 7% as same-store sales grew 3.8% due to better customer traffic. Shares of the company jumped 5.7%.

Media giant News Corp. (NWSA - Get Report) reported quarterly earnings of $1.01 a share on revenue of $9.43 billion on Wednesday. The Street expected a profit of 42 cents a share on revenue of $9.28 billion. Shares dipped 0.5% during the regular session on Wednesday, but were rising 1.4% in after-hours trades.

-- Written by Joe Deaux in New York.

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