Martha Stewart Lunches with Old Prison Pal; Madonna Invests in Coconut Water

McDonald's is celebrating 20 years in Russia with a buy-one-get-one-free deal on hamburgers. The chain only this year started outsourcing all ingredients. When it first entered the Russian market, all 300-odd ingredients had to be made in-house.
[NY Times]

Food companies could be charged more than $250 million in fees under a proposal in the FDA's new budget. The fees would be used to improve inspections of facilities.
[Wall Street Journal]

Kraft Foods is preparing to seal the $18.6 billion deal to take over Cadbury today. U..K Business Secretary Peter Mandelson is looking to protect some 4,500 jobs from being cut.
[Reuters]

Martha Stewart recently had lunch at the Four Seasons at the same time as Sam Waksal, formerly of ImClone. Both went to jail for the same insider trading case.
[NY Post]

Madonna loves coconut water so much that she's investing some $1.5 million in Vita Coco. Fellow celebs Matthew McConaughey and Demi Moore have also bought in.
[NY Post]

A new study reveals another reason Manhattanites are skinnier than the average American: the island has fewer non-food shops selling snacks at the checkout.
[NY Post]