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BUSINESS
January 25, 1999 | From Reuters
The European Union and the United States were holding last-minute talks Sunday aimed at heading off a trade war over bananas that would hit EU exports and the authority of the World Trade Organization. Diplomats said contacts were underway between officials in Brussels and Washington, and meetings were arranged between the trade ambassadors of the two powers in Geneva to avoid a clash set for today after WTO chief Renato Ruggiero proposed a way out of the dispute.
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BUSINESS
October 23, 1998 | Bloomberg News
Dole Food Co. warned that third-quarter earnings will decline 35%, well below expectations, because banana prices fell amid the collapse of Russian demand and a bumper crop this year. Dole, the world's largest marketer of fresh fruit, was expected to earn 47 cents a share, up from 40 cents a year ago, according to a survey of analysts by First Call Corp. Dole also warned 1998 results will be 20% less than a year ago.
BUSINESS
November 5, 1999 | MELINDA FULMER, TIMES STAFF WRITER
Plagued by weak banana sales in Europe and Russia, Dole Food Co. said Thursday that it will cut its global production by 17%, eliminate 1,500 jobs and terminate contracts affecting thousands more workers in Central America. The world's largest fresh fruit and vegetable producer will cease operations in two of its 15 banana- producing regions--Nicaragua and Venezuela--and consolidate operations in the U.S. and Europe.
BUSINESS
April 12, 2001 | EVELYN IRITANI, TIMES STAFF WRITER
The United States agreed Wednesday to call a truce in its bitter eight-year banana dispute with Europe, clearing the way for improved relations with a key ally in the global trade liberalization battle. Under the deal announced in Brussels, the European Union agreed to amend a controversial banana import system opposed by Chiquita Brands International Inc. and Dole Food Co. by July 1, and the U.S. said it will drop stiff sanctions it imposed two years ago on European goods.
BUSINESS
November 27, 1998 | Reuters
The European Union said it was hopeful it could agree with the United States on a timetable for a World Trade Organization review of EU banana import rules, provided Washington met its conditions. The banana trade controversy was raised at a WTO gathering in Geneva this week. Trade sources in Geneva said EU and U.S. negotiators were continuing to meet to try resolving the dispute.
NEWS
July 9, 1990 | PSYCHE PASCUAL, TIMES STAFF WRITER
Along U.S. 101 near the Ventura-Santa Barbara county line lies a small tropical paradise that for years has astonished weather analysts and farmers. Tucked between the ocean and 300-foot-high bluffs is a place called La Conchita, a seaside community that is also the home of the only commercial banana plantation in the continental United States, according to the International Banana Assn. There, 10,000 banana trees are fanned by balmy ocean breezes, basking in an island of frost-free weather.
NEWS
August 6, 1990 | RICHARD BOUDREAUX, TIMES STAFF WRITER
Reeling from Honduras' costliest labor feud in 36 years, the civilian government sent army troops onto banana plantations and censored radio broadcasts Sunday to help an American multinational fruit company end a seven-week-old strike by 10,000 workers. Two workers and an undercover police officer were wounded outside the Chiquita Brands headquarters here when a soldier fired his machine gun into an angry crowd Saturday night.
NEWS
June 14, 1991 | MAURA DOLAN, TIMES ENVIRONMENTAL WRITER
The California health official who threatened to issue a health advisory unless bananas treated with an acutely toxic pesticide were removed from the market said Thursday that the use of the chemical constituted "an accident waiting to happen." Dr. Richard Jackson, chief of the state's Hazard Identification and Risk Assessment Division, also described a series of conference calls between federal agencies and state health departments over the pesticide last week as "extremely confrontational."
NEWS
December 6, 1994 | MARJORIE MILLER, TIMES STAFF WRITER
A banana is not a banana is not a banana. To Germans, there are big, beautiful, tasty Latin American bananas, and there are all other bananas--inferior fruit from anywhere but Latin America.
BUSINESS
April 15, 1991 | SAM JAMESON, TIMES STAFF WRITER
Fearing that the market for its home-grown fruits might be imperiled, South Korea for decades looked with trepidation upon foreign-grown bananas. So stringent were restrictions against imported bananas that about 2,000 ingenious farmers in southern Korea started raising the fruit in greenhouses, using electricity or oil heating. The costs were prohibitive, but import curbs ensured profits. The banana became a luxury--a government-created "forbidden fruit."
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