Word: antitrust
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...down the intricate system of price fixing, market sharing and clubby restraints ("I won't produce more if you won't") that has been built up to shield British producers and sellers from the uncertainties of competition. The new bill was only a feeble imitation of U.S. antitrust legislation. And it had one gaping loophole-any "restraint" could continue if it was found "reasonably necessary" for such reasons as "maintenance of employment" or "the protection of the public...
Trustbuster Barnes last week solved a problem that had been worrying him in another big industry. Hotelman Conrad Hilton, whose growing empire (25 U.S. hotels, three more overseas with another five abuilding) now stretches halfway around the world, signed a consent decree formally ending the antitrust suit filed against Hilton last April after he acquired the Statler Hotel chain. Hilton agreed to sell two hotels (probably Washington's Mayflower, Manhattan's Roosevelt or New Yorker) in addition to the two (Los Angeles' Town House, St. Louis' Jefferson) he has already sold. Hilton also promised...
When Trustbuster Stanley Barnes took over in 1953, he promised to enforce the antitrust laws "absolutely." In 2½ years he wound up 148 old cases, filed...
...After Harriman's death in 1909, the Union Pacific lost an antitrust suit and was forced to sell its Southern Pacific stock in 1913. W. Averell Harriman, now Governor of New York, took over as U.P. board chairman in 1932, held the title until 1946 when he handed it over to his younger brother, E. Roland Harriman...
...Urge to Merge. But for some, the road to profits by new construction was too costly, too timeconsuming. Another way was to merge. In 1955 a record 750 companies merged, and both the Government's antitrust lawyers and Congress fretted about the effects on competition. Yet it was the Government's own tax policy that encouraged the trend. With high corporation taxes, expansion-minded companies looked around for weak firms with tax-deductible losses to balance their gains. With even higher income-tax rates it was also a good way for the individual businessman to sell...