
RANCHO SANTA FE, Calif., Jan. 19 (UPI) -- The founder of Taco Bell restaurants, Glen W. Bell Jr., has died at his home in California at age 86, the company's Web site announced.
The announcement was posted Sunday and did not give details of the entrepreneur's death, The New York Times reported.
Bell added tacos to the menu of Bell's Hamburgers and Hot Dogs in 1951, having run the drive-in restaurant since the late 1940s to cater to the car culture of San Bernardino, Calif.
Bell's hamburger joint was only a few miles away from the first McDonald's, the Times said.
At Bell's restaurant, the 19 cent tacos were such a hit, he opened Taco Tia, an all-Mexican restaurant in 1954. With his partner reluctant to expand after three restaurants, Bell opened El Tacos in 1957. After an expansion to four restaurants, Bell struck out on is own with Taco Bell, which opened in 1962.
In 1978, with 868 restaurants, Bell sold the business to PepsiCo for about $125 million -- a sizable return on the original $4,000 it took to open the first Taco Bell in Torrance, Calif.
| Additional Business News Stories | |
ABUJA, Nigeria, Feb. 9 (UPI) --
A Nigerian militant group said a claim that it wasn't responsible for an attack on an oil pipeline is propaganda from state authorities.
|
WOODLAND HILLS, Calif., Feb. 9 (UPI) --
The U.S. Navy has given Northrop Grumman a five-year repair services contract for avionics equipment outfitted on Prowler jets and Seahawk helicopters.
|
With rental vacancy rates at their lowest levels in 10 years, a review of TransUnion's proprietary rental screening database found that rental prices remained about the same between the fourth quarters of 2010 and 2011....
|
Government officials are on the verge of an agreement worth as much as $26 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.
|
| Stories | Photos | People | Comments |
View Caption