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BUSINESS
December 4, 1999 | Bloomberg News
Procter & Gamble Co. will raise the price of a 13-ounce can of its Folgers coffee by 30 cents, the first increase in more than two years, because of the higher cost of raw beans. The increase, effective Monday, will bring the price of Folgers regular ground coffee to $2.50 a can and decaffeinated coffee to $3.20. That's close to prices in August 1998, before two reductions. Coffee futures have soared 77% from a five-year low on Oct.
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BUSINESS
January 19, 1999 | JOHN O'DELL, John O'Dell covers major Orange County corporations and manufacturing for The Times. He can be reached at (714) 966-5831 and at john.odell@latimes.com
In mid-1998, Kelly Jeffrey's world was in turmoil as she fought to keep her tiny business alive. Managers at the UCI Medical Center in Orange had notified her that her gourmet coffee cart was no longer welcome and that she was being evicted. But Jeffrey fought back, saying she was being unfairly ousted by managers bowing to pressure from a giant food vendor. And she won. These days, the relationship between the medical center and Jeffrey's Divi Espresso Corp. is in great shape, she says.
BUSINESS
April 20, 2000 | CHRIS KRAUL, TIMES STAFF WRITER
As the lowest coffee prices in seven years begin trickling down to supermarket shelves, the world coffee cartel is threatening to withhold beans from the market to force prices back up. Better than expected Brazilian crops and a record harvest in Mexico are blamed for a glut that has pushed the world price of unroasted beans down to 67.7 cents per pound, the lowest composite price calculated by the London-based International Coffee Organization since November 1993.
CALIFORNIA | LOCAL
July 25, 1995
In the old days, college students rallied to fight wars and protest apartheid. But in this cappuccino-conscious culture, a new cause has unleashed the passions of students at Cal State Dominguez Hills: the threatened closure of the popular campus coffee bar called Espresso Yourself. In David and Goliath fashion, the independent coffee bar is fighting to retain a toehold on the Carson campus where most food service is newly controlled by a large management firm.
BUSINESS
February 29, 2008 | From Bloomberg News
The price of coffee surged Thursday, hitting its highest level in a decade, as continuing weakness in the dollar kept many commodity markets in rally mode. Coffee futures for May delivery rose 3.4 cents, or 2.1%, to $1.675 a pound in New York. Earlier in the day, the beans traded at $1.68, the highest price for a most actively traded contract since February 1998. Coffee is up 41% in the last year.
FOOD
April 13, 1989 | From the Washington Post
Making coffee and tea are old arts. But it's amazing how they have gotten lost through the years. There is a right way and a wrong way to brew each, and unfortunately they are not the same. While very hot--but not boiling--water should be used for coffee, boiling water is best for tea. That's for starters. Coffee: Brewing the perfect cup of coffee requires the perfect water temperature and the perfect amount of coffee, which requires adjustments for personal taste. The water should be 195 to 205 degrees (cooler would not be hot enough to extract the flavor of the grind; warmer would be boiling and cut off the oxygen)
BUSINESS
January 8, 2008 | From Times Wire Services
McDonald's Corp., the world's biggest restaurant chain, plans to add specialty coffee counters in as many as 14,000 U.S. stores in coming years to serve frappes, lattes and cappuccinos, the company said. Remodeling restaurants and adding equipment to prepare the beverages will cost as much as $100,000 per restaurant, but sales are expected to add $1 billion to annual revenue, the company said. McDonald's increased U.S. coffee sales by 39% in the first nine months of 2007 after introducing a stronger blend in 2006 to compete with Starbucks Corp.
BUSINESS
December 9, 1989 | MARK A. STEIN, TIMES STAFF WRITER
Hills Bros., the nation's third-largest coffee seller, said Friday that it will suspend for 30 days the signing of contracts to buy coffee from El Salvador, giving momentum to an economic boycott of that war-torn country. The company announced that it will refrain from new purchase commitments in El Salvador "while it studies the political situation" there, a reference to the civil war in which rebels are fighting to overthrow the U.S.
BUSINESS
June 28, 1994 | Associated Press
A surprise weekend cold snap in Brazil sent prices of coffee futures skyrocketing to their highest level in more than five years Monday on New York's Coffee, Sugar and Cocoa Exchange. Brazil may have lost up to 5 million bags, or about 20%, of next year's crop, said Hercilio Amaral, a spokesman for the country's National Coffee Council, after the close of trading. But he said that was a preliminary estimate.
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