Word: antitrust
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Dates: during 1950-1959
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Over in the Justice Department's Antitrust Division, the trustbusters keep a close watch on Curtice. The Administration tactfully told him to settle for no more than 50% of the auto market and keep out of trouble...
Before the Senate;s Antitrust and Monopoly Subcommitee last week went General Motors President Harlow H. Curtice to answer charges that G.M. had 1) become too big, 2) abused its dealers, e.g., it refused to give more than one-year franchises. Right off the bat Harlow Curtice announced that G.M. was offering to turn the one-year franchises of all its 17,000 dealers into five-year contracts. The announcement caught Subcommittee Chairman Joseph C. O'Mahoney by surprise, but he quickly broke into a pleased smile and congratulated Curtice for taking "the suggestion I made when you were...
...Mahoney of Wyoming likes to play the role of a giant killer with a special shillelagh cocked for big business. Since General Motors is a giant -the biggest, most profitable corporation in the U.S. -it was the logical target last week for Democrat O'Mahoney's Senate antitrust subcommittee. Ostensible purpose of the hearing: to "appraise the antitrust laws" and ascertain "needed amendments...
...than any ad over television." But the stamp plan's biggest foe, giant Safeway, calls it nothing but "a shell game to distract the consumer from the fact that she is paying higher prices." Because Safeway met stamp competition by slashing prices, the U.S. Justice Department slapped an antitrust suit against the chain, charged it with selling goods below cost (TIME, July...
...import curbs, they must cut crude-oil imports voluntarily by 7% during the last quarter of 1955 and the first of 1956. A House Judiciary subcommittee promptly let out a shout of warning. Asked the subcommittee: How could the oil companies comply without acting in concert and thus violating antitrust laws? Flemming pointed out that he had merely made a suggestion...