It's court time for
former SK Foods Chief Executive Frederick Scott Salyer. Considered a flight risk, the ex- tomato kingpin is charged with racketeering and corruption after years of inflating product prices and
bribing companies like Kraft and Gerber in exchange for moldy tomatoes. (
Los Angeles Times,
LA Weekly)
Diamond Foods - the nut people - will purchase Kettle foods - the uniquely-flavored potato chip people. The purchase will double Diamond's holdings, which include Pop Secret and Emerald. (
Wall Street Journal)
Psychologists study possible effects of
junk food sin taxes. The
study found that taxing junk food works better than subsidizing healthy foods. (
Time,
Psychological Science Journal)