• Starbucks’ earnings dipped 69 percent in a troubled first quarter. The coffee company will close 300 stores (200 in the U.S.) and eliminate 6,700 jobs. [Bloomberg]
• Buyers for Kraft and Frito-Lay accepted bribes in a move that drove up food prices across the country. [San Francisco Chronicle]
• Terrance Brennan will be opening two Artisanal spinoffs at a shopping center outside of Seattle: Artisanal Brasserie and Wine Bar and the Artisanal Table, which will serve tapas and pizza. [Seattle Times]
• Less than a month after its demise, Flatiron bar the Cutting Room is looking to reopen on Franklin Street in Tribeca. [Eater]
• Peanut Corp. of America, the company responsible for the recent salmonella outbreak, knew their product was tainted and still shipped it. Now, they might face a federal probe and all products manufactured by the company are being recalled. [NYT]
