Friday, February 26, 2010

The Morning Brew: 2.26

Posted By on Fri, Feb 26, 2010 at 7:00 AM

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)

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