Business Today: Obama, fresh from re-election, has little time to savor win

		Click to View in Browser 11/7/2012 Obama, fresh from re-election, has little time to savor win WASHINGTON (Reuters) - Fresh from a decisive re-election win, President Barack Obama returns from the campaign trail on Wednesday with little time to savor victory, facing urgent economic and fiscal challenges and a still-divided Congress capable of blocking his every move. Stock futures drop after Obama reelection, Draghi gloom on economy NEW YORK (Reuters) - Stock index futures were set for a lower open on Wednesday in the wake of Barack Obama's reelection as U.S. president as comments by European Central Bank President Mario Draghi underscored the weakness in Europe's economy. AT&T to invest $14 billion to expand wireless, wireline networks NEW YORK (Reuters) - AT&T Inc said on Wednesday that it would invest an additional $14 billion over three years to expand its wireless and wireline networks. Kraft third-quarter profit rises, affirms outlook (Reuters) - Kraft Foods Group Inc reported higher third-quarter profit on Wednesday, citing help from new products, increased advertising and productivity gains. Macy's profit rises, company raises forecast (Reuters) - Macy's Inc on Wednesday reported a higher third-quarter profit, helped by sales gains, and raised its full-year profit outlook. Ford may cut more Europe jobs if slump deepens BERLIN (Reuters) - Ford Motor Co may scrap more plants and lay off more workers in Europe as the euro zone debt crisis continues to exacerbate the auto sector's overcapacity. Time Warner posts higher third-quarter profit (Reuters) - Time Warner Inc posted a higher third-quarter profit on Wednesday as growth in its cable networks offset declines in its film and TV entertainment business. Exxon tells Iraq wants to quit huge oil project BAGHDAD (Reuters) - Exxon Mobil has officially informed Iraq's government it wants to pull out of a $50 billion oil project, telling Baghdad in a letter it has started talks with other oil companies to sell its stake, senior Iraqi officials said. Morgan Stanley selling its Indian private bank: sources SINGAPORE/MUMBAI (Reuters) - Morgan Stanley has launched the sale of its India private wealth management unit, which manages about $1 billion including loans, after entering the highly fragmented and competitive market just four years ago, sources with knowledge of the matter said. Molson Coors profit beats expectations (Reuters) - Molson Coors Brewing Co reported a higher-than-expected quarterly profit on Wednesday helped by the acquisition of operations in Eastern Europe. Related Video U.S. Morning Call: Stocks futures down on Obama re-election BNP Paribas CEO Bonnafe eyes U.S. investment bank unit Economic News Election over, Obama to face same weak economy Job openings slip slightly in September, quits decline A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend