AP Top Extended Financial Headlines At 5 a.m. EST

World stock markets rise after tight race ends with President Obama winning re-lection

France's biggest bank BNP Paribas reports profits back up in 3rd quarter despite difficulties

The economy Obama will face over next 4 years remains slow and at risk but improving steadily

Spain's Telefonica posts $1.77 billion Q3 profit as Latin America growth offsets Europe slump

Burberry H1 profit falls due to end of fragrance licensing pact; shares up on higher sales

ING profits fall in third quarter after booking losses on asset sales; to cut 2,350 jobs

News Corp 1st-quarter earnings top expectations, revenue roughly in line with forecasts

Swedish wireless equipment maker Ericsson slashes 1,550 jobs in Sweden to cut costs

Superstorm losses won't wipe out rising profit at German reinsurer Munich Re

SpendingPulse: Sandy knocks off nearly 20 percent of retail sales in Mid-Atlantic region