Another mixed market: The Dow is up a bit this morning as the news from Europe remains a cause for confusion and concern.
Election Day: Look for a low turnout, with just 35 percent of registered voters expected to cast ballots, according to the Field Poll. (Sacramento Bee)
G7 holds emergency talks: Finance chiefs of the seven leading industrialized nations will be nudging European Union officials to get their acts together on the debt crisis. (Reuters)
Disney to restrict junk food ads: Commercials for candy, sugared cereal and certain kinds of drinks will not run during ABC's Saturday morning cartoons and on child-focused TV channels, radio stations, and websites. From the NYT:
Disney said that in adopting the new advertising standards it was largely following recommendations proposed last year by federal regulators. The suggestions were aimed at inducing the food industry to overhaul the way it marketed things like cereal, soda and snacks to children. Food companies have vociferously fought government regulation on advertising, saying they can take steps on their own. Disney acknowledged it would most likely lose some advertising revenue -- it declined to say how much -- but said that the benefits outweighed the downside. (Disney Channel does not currently accept traditional ads, although a range of promotions and sponsorships are allowed; other channels like Disney XD are supported by commercials.)
Gas update: Prices keep edging lower - an average gallon of regular in the L.A. area is $4.213, according to the Auto Club, which is about nine cents lower than last week.
Starbucks to upgrade food: At least that's the idea behind the company's $100 million purchase of SF-based Bay Bread and its La Boulange brand. Besides offering a wider selection of baked goods at its own stores, Starbucks plans to turn La Boulange into a nationwide chain. From the LAT:
In recent years, Starbucks has moved to phase artificial ingredients out of its food products and offer smaller portions, often in response to patron requests on social media sites and other online venues. Consumer outcry in April caused Starbucks to ditch a dye made from cochineal insects that had been used to color some of its pastries, which are shipped in from suppliers and sold from cases.
Billions in uncollected court-ordered debt: They include $7.5 billion in fines and penalties for traffic infractions and criminal offenses. From California Watch:
By statute, counties are responsible for collecting court-ordered debt, but many enter into agreements that delegate the responsibility to courts. Some of the $7.5 billion in unpaid debt is uncollectible and should be written off, said Maria Lira, a senior analyst in the Enhanced Collection Unit for the Judicial Council.
Jeff Zucker being considered for Tribune Co. CEO?: The former CEO of NBCUniversal is a leading candidate, the NY Post is reporting. No word on whether he's interested. Zucker has also been mentioned as a possible CEO at Yahoo.
Golden West co-founder dies: Marion Sandler and her husband Herbert turned a two-office bank into one of the nation's biggest S&Ls. But they were later blamed for contributing to the financial crisis when they sold their company to Wachovia. Sandler was 81. (DealBook)