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BUSINESS
January 5, 2001 | Reuters
Dole Foods Co., the world's largest producer of fresh fruit and vegetables, said it will begin selling organic bananas under the Dole name, tapping into the $6-billion organic products market. The bananas will be grown in Ecuador and Honduras on farms that have been certified as organic by U.S.-based agencies, Dole said. The company will begin selling organic bananas Feb. 1. Rival Chiquita Brands International Inc. has no current plans to sell organic bananas under its label, a spokeswoman said.
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CALIFORNIA | LOCAL
May 12, 2010 | By Victoria Kim, Los Angeles Times
A Los Angeles judge this week heard evidence on whether a jury relied on fraudulent evidence three years ago when it awarded $2.3 million to six Nicaraguan banana workers who alleged they were left sterilized by exposure to pesticide. Attorneys for food giant Dole Food Co., which operated the farms in the 1970s and used the pesticide dibromochloropropane, alleged the plaintiffs in the 2007 trial were the "foot soldiers" in a pervasive scheme to defraud U.S. courts and corporations.
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BUSINESS
December 20, 2000 | Associated Press
European Union farm ministers approved a plan to revise their banana import system, hoping it will resolve a lengthy dispute with U.S. and Latin American producers and lead to the lifting of trade sanctions. The plan calls for the 15-nation EU to keep a transitional system of tariffs and quotas to allocate the quotas on a first-come, first-served basis as of April 1, until a tariff-only system takes effect in 2006.
ENTERTAINMENT
July 9, 2009 | Victoria Kim
Earlier this year, Dole Food Co. won a major victory in the L.A. courts when a judge threw out lawsuits brought by Nicaraguan banana workers purportedly rendered sterile by pesticide, saying the plaintiffs' case was a product of massive fraud. Now Dole is headed back to court but this time, it's Dole that's claiming to be the victim.
BUSINESS
March 1, 2001 | MELINDA FULMER, TIMES STAFF WRITER
Tough times in the California fruit business have caused the world's largest fruit and vegetable producer to sell off a large piece of its farming operations in the state and focus instead on marketing imported fruit. Westlake Village-based Dole Foods Co. will stop growing table grapes, peaches, plums and nectarines on four Central Valley ranches that employ 1,200 seasonal workers. Dole hopes to sell the 5,000 acres by the end of the year and will use the proceeds to pay down debt.
BUSINESS
April 14, 2001 | From Bloomberg News
Dole Food Co., the world's largest fruit and vegetable producer, blasted a settlement between the U.S. and European Union over EU banana-import rules, saying the accord favors rival Chiquita Brands International Inc. The agreement, which allocates shares of the EU banana market to producers from various parts of the world before the quotas are scrapped in 2006, is anti-free trade, said Westlake Village-based Dole.
BUSINESS
May 4, 1993
Business: Food, resorts Symbol: DOL Shares Outstanding: 59.4 million Market: NYSE Closing Price on 5/3/93: $36.13 Qtrly Profit (loss) for March 1993: $53.3 million Qtrly Revenue for March 1993: $766.5 million Dole Food Co., which traces its roots to 1851, is one of the nation's biggest processors and marketers of fresh fruits and vegetables, and it operates resort hotels in Hawaii. The company also had a homebuilding unit but that division, Castle & Cooke Homes Inc.
BUSINESS
March 31, 1998 | BARBARA MURPHY
Dole Food Co. in Thousand Oaks has declared its regular quarterly dividend of 10 cents per share. The dividend is payable June 11 to shareholders of record May 21. Dole, with 1997 revenues of $4.3 billion, is the world's largest producer and marketer of fresh fruit and vegetables and also markets packaged foods.
BUSINESS
May 16, 1990 | MARIA L. La GANGA, TIMES STAFF WRITER
Castle & Cooke Inc., a Los Angeles-based food and real estate company, will not be able to spin off its Dole Food Co. on schedule because of a delay in government approval and a tightening of credit in the real estate market, company officials said Tuesday. The company's directors decided that current credit conditions would make it difficult for Castle & Cooke's development operations to obtain bank financing if the separation occurred on schedule by the end of June.
BUSINESS
October 22, 1991
Dole Food Co., a giant food production and real estate concern that recently relocated from Los Angeles to Westlake Village, reported a sharp drop in third-quarter earnings due to lower prices and increased costs at its banana operations. Dole's profit for the quarter ended Oct. 5 was $25.8 million, down 41% from $44 million in the year-earlier quarter. Revenues edged up 2% to $898.3 million from $879 million.
ENTERTAINMENT
June 16, 2009 | Reed Johnson
In the eyes of Swedish documentary filmmaker Fredrik Gertten, his documentary "Bananas!" is a balanced, nuanced depiction of a trial pitting Nicaraguan banana plantation workers and a prominent L.A. attorney against a powerful multinational agribusiness. "It is a classical David-Goliath story," the director said in a phone interview last week. In the eyes of Dole Food Co.
BUSINESS
April 14, 2001 | From Bloomberg News
Dole Food Co., the world's largest fruit and vegetable producer, blasted a settlement between the U.S. and European Union over EU banana-import rules, saying the accord favors rival Chiquita Brands International Inc. The agreement, which allocates shares of the EU banana market to producers from various parts of the world before the quotas are scrapped in 2006, is anti-free trade, said Westlake Village-based Dole.
BUSINESS
March 1, 2001 | MELINDA FULMER, TIMES STAFF WRITER
Tough times in the California fruit business have caused the world's largest fruit and vegetable producer to sell off a large piece of its farming operations in the state and focus instead on marketing imported fruit. Westlake Village-based Dole Foods Co. will stop growing table grapes, peaches, plums and nectarines on four Central Valley ranches that employ 1,200 seasonal workers. Dole hopes to sell the 5,000 acres by the end of the year and will use the proceeds to pay down debt.
BUSINESS
January 5, 2001 | Reuters
Dole Foods Co., the world's largest producer of fresh fruit and vegetables, said it will begin selling organic bananas under the Dole name, tapping into the $6-billion organic products market. The bananas will be grown in Ecuador and Honduras on farms that have been certified as organic by U.S.-based agencies, Dole said. The company will begin selling organic bananas Feb. 1. Rival Chiquita Brands International Inc. has no current plans to sell organic bananas under its label, a spokeswoman said.
BUSINESS
December 20, 2000 | Associated Press
European Union farm ministers approved a plan to revise their banana import system, hoping it will resolve a lengthy dispute with U.S. and Latin American producers and lead to the lifting of trade sanctions. The plan calls for the 15-nation EU to keep a transitional system of tariffs and quotas to allocate the quotas on a first-come, first-served basis as of April 1, until a tariff-only system takes effect in 2006.
BUSINESS
March 31, 1998 | BARBARA MURPHY
Dole Food Co. in Thousand Oaks has declared its regular quarterly dividend of 10 cents per share. The dividend is payable June 11 to shareholders of record May 21. Dole, with 1997 revenues of $4.3 billion, is the world's largest producer and marketer of fresh fruit and vegetables and also markets packaged foods.
BUSINESS
July 29, 1997 | BARBARA MURPHY
A food industry analyst has downgraded Dole Food Co.'s stock over concern about the company's third-quarter earnings. Goldman, Sachs & Co. analyst Nomi Ghez took the Westlake Village-based Dole off her company's recommended list and reduced her earnings estimate for the company's third quarter to 38 cents a share from 50 cents. Dole earned 38 cents a share in the year-ago quarter.
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