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September 13, 2011 05:42 AM

Tuesday Morning Business Brief


Stocks rose late in Monday's trading session. The Dow added 69 points to 11,061. The S&P was up 8 points or 0.7 percent, while the Nasdaq rose 27 points.
  • There's not a lot on the economic calendar today. The Treasury releases the federal budget statement for August this afternoon.
  • Yesterday's late rally on Wall Street gave Asian markets a boost in early trading today. Japan's benchmark Nikkei index gained 0.5 percent by midday. Most other major indexes in Asia were also higher.
  • The battle over whether high fructose corn syrup can be called "corn sugar" is headed to federal court in Los Angeles today. The judge is expected to decide whether to dismiss a lawsuit by the sugar industry, which is upset that manufacturers of high fructose corn syrup want to rebrand their product and call it corn sugar. Americans have increasingly been blaming the syrup for a range of health problems.
  • The Australian government is promising to look into the country's media because of complaints about Rupert Murdoch's News Corp. Seventy percent of Australia's newspapers are owned by News Crop, and critics say they are biased.
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