Word: antitrust
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Dates: during 1950-1959
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...wants Europe to buy oil on the open market and from private U.S. oil companies. To make it easier, the Justice Department last week approved a plan whereby 15 major U.S. oil companies would form a single marketing combine to supply Europe without laying themselves open to antitrust prosecution. Said Attorney General Herbert Brownell: "The plan contains features which I might well deem objectionable in other circumstances. However. I reluctantly concluded that this plan of action should be approved...
...Roberts was surprisingly edged out by Christopher Del Sesto, 49, an Italian-American in a state where voters of Italian descent pack a ballot-box wallop. It was a conditional victory, since Del Sesto, himself a former Democrat and a special assistant to the U.S. Attorney General in the Antitrust Division, won by a meager 190 votes when the voting-machine score was added up. Still to be counted: 11,000 absentee ballots...
...ANTITRUST COMPLAINTS are being filed by Federal Trade Commission against three of the biggest U.S. dairies (National Dairy Products, Beatrice Foods, Borden Co.) charging they eliminated competition by acquiring 251 smaller dairies since 1951. FTC also is investigating several grocery chains...
...though he had big businessmen in his Cabinet, Dwight Eisenhower held no special brief for big corporations. To a small businessman in the audience, the President explained the need for ment of antitrust laws in the U.S. "We get the benefits of bigness . . . just as efficiently and as rapidly as we can, but we do not let [the corporations] get so big they dominate the rest of us. Now I am no millionaire and . . . you are not. So we are on the side of trying to keep . . . these boys from bossing...
PACKAGING MERGER between Continental Can Co. and Hazel-Atlas Glass Co. has gone through despite Justice Department objections. Manhattan Federal District court refused temporary injunction blocking merger as antitrust violation, but Justice will proceed with civil suit against Continental, try to undo merger of two companies (second biggest in metal-and glass-container fields respectively) later...