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All times EST.
Editors: The business desk is closing and will reopen Friday at 6 a.m. This is a digest of stories moving overnight. If you have issues overnight please call 212-621-1600.
— TRADE GAP: The government reports on the U.S. trade gap for December, 8:30 a.m.
— WHOLESALE INVENTORIES: The government reports how much wholesalers adjusted their stockpiles in December, 10 a.m.
MARKETS & ECONOMY:
BANGKOK — Asian stock markets are mostly higher before China releases last month's inflation and other economic data. By Business Writer Pamela Sampson.
As the Northeast braces for its largest winter storm in more than a year, airlines are already employing a strategy that has served them well in recent years: Cancel flights early and keep planes and crews — and passengers — away from snowed-in airports. By Airlines Writer Scott Mayerowitz.
— BUDGET SUMMIT — Second day of two-day EU Summit in which leaders will try to reach an accord regarding the union's long-term budget.
— GERMANY-ECONOMY — Germany releases export and import data for December and 2012.