Marketplace Morning Report for Tuesday, November 6, 2012
A ballot initiative in a few California cities proposes a tax on sugar-sweetened drinks. Proponents say it could help prevent diabetes among low-income residents and generate more revenue for the cities, but the soft drink industry is spending millions to block it. New York's state attorney general investigates price gouging, as Craigslist ads sell gas for $20 a gallon. Toyota and other Japanese carmakers are reporting lower sales in China due to the two nations' dispute over offshore islands, but Toyota projects higher earnings worldwide.