Word: anti-trust
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Summer M. Redstone '44, speaking to an audience of approximately 100 law students and professors, addressed anti-trust and First Amendment concerns arising from the current wave of consolidation in the entertainment industry...
...Douglas, the leading builder of military aircraft, according to the Wall Street Journal. The firms have combined sales of some $35 billion. Industry analysts say a full merger is unlikely, in part because the combined entity could have a large enough share of the world market to face an anti-trust challenge. But consolidation could occur in their defense operations, where Boeing wants an increased presence and McDonnell Douglas seeks to reduce costs in an era of reduced defense spending. "McDonnell has been hit hard by defense cutbacks," says TIME's Janice Castro. "Forming a partnership of some kind with...
...mention is that the reason Ma Bell was broken up was that this long-distance provider was just too good for its own good. Service was excellent, rates were competitively low. Ma Bell could easily attract new customers by this attractive mix of low rates and outstanding service. The anti-trust laws couldn't allow a company to use its great profit margin to keep up this excellent service, so they broke up Ma Bell. As a result of this regulatory interference, the "Baby Bells" had to raise rates and decrease service because they lacked the financial strength that gave...
...contractors Lockheed and Martin Marietta announced they will merge in a $10 billion deal. The new company, to be called Lockheed Martin, will become the Pentagon's biggest supplier. In April two other other defense companies, Northrop and Grumman, said they were merging. While the deal still must clear anti-trust laws, government objections are unlikely, says TIME Pentagon Correspondent Mark Thompson. "Just last year the Pentagon and Department of Justice did a review of the defense industry and concluded that consolidations were natural," says Thompson. "They paved the way for these mergers...
Breyer still teaches one or two courses a yearat the Law School, usually in anti-trust oradministrative law, according to Clark...