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Snack Food

September 17, 1992 | RUSS PARSONS
It won't get you to Europe at half-fare, but the snack food industry is having it's own version of airline price wars. There's a potato chip price war going on and the consumer is the one who benefits. The average price of chips has dropped by a dime a pound, with some companies lowering prices by as much as 30%. This price break is seen most often as one-time "specials" or cents-off coupons than as a change in the list price.
January 9, 2014 | By Walter Hamilton
Snack-food maker Diamond Foods Inc. agreed to pay $5 million to settle allegations that the company cooked its books. The Securities and Exchange Commission alleged Thursday that Diamond boosted its earnings and stock price in 2010 and 2011 by systematically underreporting payments to walnut growers. The SEC also charged two former Diamond executives. Former Chief Executive Michael Mendes agreed to pay $125,000 to settle a charge that he should have known the accounting was bogus.
May 26, 1996 | Associated Press
Justice Department watchdogs are sniffing around the potato chip and cheese puff aisle of your grocery store. The agency's antitrust division has opened an investigation of the salty snack food industry and is asking if Frito-Lay Inc. is gaining an unfair advantage by gobbling up shelf space in grocery stores.
December 31, 2013 | Steve Lopez
Good morning, and let's be honest - your New Year's resolutions are probably only good for a week, maybe two. Instead of trying to give up chips and salsa or joining a gym, you would be better off aiming not to be one of the millions who will land in emergency rooms in 2014 for entirely avoidable mishaps. And I just happen to have some pointers from ER doctors who have seen it all. In November, after writing about federal judge and WWII veteran Harry Pregerson's continued good deeds for his fellow servicemen and women, I got a book in the mail from the judge's nephew, Dr. Brady Pregerson.
August 19, 1991 | TERRY SPENCER
In response to a new state sales tax on snack foods, the Anaheim Union High School District will raise the price that students pay for chips, cookies, sodas and cakes by 5 cents. Barry Sackin, the district's food service director, said the added nickel will raise $63,000 for the district, while its expected tax bill from the state will be $57,000. But Sackin said officials decided to impose the 5-cent increase rather than have cafeteria workers add the 7.
September 25, 2002 | Bloomberg News
PepsiCo Inc.'s Frito-Lay unit will begin using corn oil to make Doritos, Tostitos and Cheetos snack foods as more people seek to eliminate harmful fatty acids from their diets. The switch from soybean oil, which contains higher levels of trans fatty acids, will be made next year. PepsiCo shares fell 43 cents to $36.77 on the New York Stock Exchange.
Legislation to repeal the new state sales tax on snack foods, newspapers and magazines was dealt a sharp setback Monday in the Assembly Revenue and Taxation Committee. Two bills to repeal the new taxes--one that would replace the lost revenues with an increase in cigarette taxes and one that would substitute a new oil tax--were defeated by lopsided margins. Opponents included Gov. Pete Wilson, lobbyists for tobacco companies, business groups, oil companies and lawmakers from both parties.
Some doctors use inkblots to help their patients reveal their personalities. Dr. Alan R. Hirsch uses snack foods. In his recent study, "Snack Food Hedonics and Personality," Hirsch, a neurologist and director of the Smell & Taste Treatment and Research Foundation in Chicago, correlated junk food choice with hedonics (the branch of psychology that deals with pleasant and unpleasant feelings) and came up with a list of personality traits associated with several types of savory snacks.
Fox Broadcasting Co. is negotiating with Frito-Lay to use one of the snack food company's animated logos as the main character in a new Saturday morning cartoon for children. The news that Fox plans to air a program based on the character of Chester Cheetah, developed for Frito-Lay to advertise Cheetos snacks, comes on the heels of controversy over CBS' use of the character of Ronald McDonald to host a series of animated specials.
January 5, 1989 | LINDA WILLIAMS, Times Staff Writer
Keebler Co. joined a group of major food companies Wednesday in announcing that it is taking steps to eliminate tropical oils--such as coconut, palm and palm kernel oils--from its products, after an unusually aggressive consumer campaign against saturated fats found to contribute to high cholesterol levels.
February 6, 2013 | By Carolyn Kellogg
Starting Thursday, people who attend Live Talks Los Angeles events will be able to nosh on a Conversation Bar. It's a custom, branded energy bar that tastes a lot like cookie dough. It will be, as far as we've been able to determine, the first reading series energy bar. Does a reading series really need a snack food? Founder Ted Habte-Gabr thinks so; he's got dual purposes in mind.  The first is promotion: Rhe first 25 people at a Live Talks Los Angeles event who share something about it via Facebook or Twitter can have a bar for free.  The second is as a fundraiser.
January 8, 2013 | By Karen Kaplan
Congratulations, America! We've become a nation of healthier snackers. So says market research firm NPD, which has declared fresh fruit the most popular snack food in the country. Even better, the popularity of fresh fruit is continuing to grow. Over the course of a year, Americans snacked on fresh fruit an average of 10 times more than they snacked on chocolate and 25 times more than they snacked on potato chips, according to NPD's recent “Snacking in America” report . Fresh fruit, chocolate and potato chips were the top three snack foods identified in the report.
December 8, 2012 | By Susan Carpenter
Move over, potato and corn chips. There's a cornucopia of other vegetables making its way to the grocery store snack aisle. Whether it's black bean chips or dehydrated cabbage, sprouted sweet potato tortilla crisps or baked and salted peas, the options in the $560-billion global snack food market are expanding along with the waistlines of Americans and their desire to eat more healthfully. "For me, it's about eating smart but not giving up things that taste good," said Doug Foreman, founder of Beanitos, in Austin, Texas.
November 26, 2012 | By Russ Parsons
Though most of the early coverage of the collapse of the Twinkie Empire focused on the immediate story of the role of the workers' union in bringing about the bankruptcy of Hostess, it now seems there may have been more to the situation. My colleague Michael Hiltzik dug through the corporation's bankruptcy filings and in a Business section analysis Sunday argued that the collapse of the snack food empire was more the result of long-term incompetency by management. “Let's get a few things clear," he wrote.
June 19, 2012 | By Tiffany Hsu
In the land of sushi, ramen and tempura, pretzel sales apparently do gangbusters. After launching its first Asian outpost in Japan, Pasadena-based Wetzel's Pretzels said the store has become its top-selling location worldwide. Photos show snaking lines at the Ario Kameari Mall in Tokyo, with customers carting away armfuls of pretzels. Now the chain is talking to potential franchisees in China, Taiwan, Malaysia, Singapore and other Asian nations. The company plans to open 10 more locations in Japan over the next two years.
February 15, 2012 | By Tiffany Hsu, Los Angeles Times
Procter & Gamble Co. has nixed its deal to sell its Pringles potato chips business to struggling Diamond Foods Inc., agreeing instead to a $2.7-billion all-cash offer from Kellogg Co. The transaction, which is expected to close this summer, will allow P&G to exit the snack-food business and gives cereal maker Kellogg a popular addition to its line of snacks. Pringles — stacked, crispy chips served out of distinctive long canisters — racked up $1.5 billion in sales last year and are sold in more than 140 countries.
Fast-food executives are hoping to make big sales gains by selling smaller products. The latest convert is Taco Bell Corp., which Tuesday announced a national rollout of miniaturized Mexican food items selling at the downscaled price of 39 cents that it hopes will leave snack-crazed consumers hungry for more.
April 25, 1995 | From Reuters
Forget the baked, not fried, jalapeno-raspberry wafers. Pass the old-fashioned chips and pretzels, please. Americans are avoiding the fancy, sometimes bizarre, flavor combinations and munching on plain packaged snacks, such as potato chips that make no bones about having lots of fat and salt. Why? Because they taste good. Two out of three manufacturers expect to introduce new products this year, about the same as last year.
February 2, 2012 | By Jeannine Stein, Los Angeles Times / For the Booster Shots blog
The next time you're sitting across from someone, eating with them, take note: Are you both taking bites at the same time? You might be, a study finds. Researchers from the Netherlands and Toronto looked at eating behaviors among 70 pairs of young women who ate a 20-minute meal together. Would dining simultaneously cause their bites to be in sync as they mimicked each other's actions? The bites of the women in the pairs were noted. Mimicked bites were considered those that were taken within five seconds of each other.
October 12, 2009 | Jerry Hirsch
Links found by researchers between snack foods and obesity in poor communities are prompting new calls for more regulation of convenience stores in South Los Angeles. The proposed new regulations under discussion are an outgrowth and expansion of last year's city restrictions on new fast-food restaurants in a 32-square-mile area of South Los Angeles. The area is home to about 500,000 residents, including those who live in West Adams, Baldwin Hills and Leimert Park. Motivated by new data focusing on convenience stores, civic activists and a City Council member favor limiting the development of new convenience stores.
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