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Hershey Foods Corp

BUSINESS
February 27, 1989 | NANCY YOSHIHARA, Times Staff Writer
Can Hershey Foods help give a Hawaiian punch to the beleaguered sugar growers of the Aloha State? The Pennsylvania candy maker has produced a test chocolate bar made from the first cocoa beans ever to be grown on the islands. Sugar farmers have their eyes on the cocoa, not the sweetener, in the five-pound Hawaiian chocolate bar presented to Gov. John Waihee. Cocoa beans might provide a viable alternative to sugar.
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NEWS
August 20, 2001 | From Times Wire Reports
A Hershey chocolate bar buried 60 years ago in 2 1/2 feet of South Pole ice by Adm. Richard Byrd's third expedition is headed back to the company in Hershey, Pa., to be put on display. And while chocolate that old probably isn't good to eat, it was only designed to taste a little better than a potato in the first place. The Hershey Chocolate Corp. 1937 Field Ration Bar, manufactured as a test for the military, was buried by Byrd's team sometime from 1939 to 1941.
BUSINESS
August 19, 2002 | From Reuters
Potential bidders for Hershey Foods Co., the confectionary giant put up for sale last month, are losing interest after discovering that 14,000 employees qualify for severance benefits that could add some $400 million to the cost of buying the business, the Times of London reported on its online edition Sunday. The benefits are thought to give a wide range of employees up to three times base salary and last for two years after a change of ownership, the newspaper reported.
BUSINESS
February 16, 2007 | From the Associated Press
Hershey Co. is cutting its workforce by 1,500 and is building a factory in Mexico as part of a three-year plan to scale back its production lines, the nation's biggest candy maker said Thursday. The announcement came only a day after Valentine's Day, one of the most popular days of the year for gifts of chocolate. The maker of Reese's peanut butter cups and Mounds bars employs about 13,000 workers, so the planned cuts would amount to 11.5% of its workforce.
BUSINESS
July 20, 2007 | From the Associated Press
Starbucks Corp., which has a bittersweet history mixing its coffee with chocolate, is trying again, this time with Hershey Co. The world's largest specialty coffee retailer said Thursday that it would begin offering Starbucks-branded, coffee-flavored chocolate products in the fall under a deal with Hershey, which has been struggling to perk up flat sales. Executives with both companies said they were eager to respond to customers' growing demand for premium chocolate.
BUSINESS
October 29, 2005 | David Colker, Times Staff Writer
The name of a small Temecula clothing company that produces outfits for nursing mothers is Milkdudz. Get it? Candy giant Hershey Co. -- maker of Milk Duds chocolate-covered caramels -- did and was not happy about it. Last week, Milkdudz co-founder Kiersten Wall, who runs the business out of her home garage, received a notice from the U.S. Patent and Trademark Office that Hershey was protesting her use of the Milkdudz name. It didn't come as a surprise to Wall, 29.
BUSINESS
February 11, 2009 | TIMES WIRE SERVICES
Hershey Co. is eliminating one of the two premium chocolate brands it bought in 2005 when it entered the fast-expanding segment. Hershey confirmed that it sent a letter to customers saying Joseph Schmidt Confections would not be sold after June 30. A spokesman said Hershey was discontinuing the line as part of a wider reorganization and the move was not related to slowing growth in the premium chocolate segment.
BUSINESS
August 4, 2007 | From Times Wire Services
Hershey will sell its Mauna Loa Macadamia Nut plant in Hawaii to PLK Partners, the company said. Terms of the sale were not announced. Hershey will retain the Mauna Loa name, according to Al Kam, one of PLK's partners who once worked as Mauna Loa's chief financial officer. Hershey bought Mauna Loa in 2004 from Shansby Group, a private equity venture.
BUSINESS
December 12, 2002 | From Bloomberg News
Hershey Foods Corp., Archer-Daniels-Midland Co. and other chocolate makers lost an early bid to dismiss a suit that claims they expose customers to dangerous levels of lead in their sweets. Los Angeles County Superior Court Judge James Chalfant denied a request to toss out the American Environmental Safety Institute's complaint that chocolate makers are violating a 1986 state law that requires companies to disclose whether their products contain chemicals that may cause cancer.
BUSINESS
June 8, 2002 | Reuters
Hershey Foods Corp. said it reached an agreement with its union on a new contract, nearly six weeks after about 2,700 union workers at two plants walked off the job. Neither side would disclose terms of the deal, which workers still must vote on. The conflict has centered on the company's plan to increase workers' share of health-care costs. Shares of Hershey closed up $1.31 at $65.99 on the NYSE.
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