Word: antitrust
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Dates: during 1950-1959
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...company or the other. He also left a loophole for the Justice Department. He ruled that if competition diminishes during the next five years and the trustbusters can prov it, they may come back and try again to break up Alcoa. That was not much consolation for antitrust's Javerts...
...main jobs of the Federal Trade Commission are to clamp down on misleading advertising and, dig up cases of monopoly. Because it is much easier to spot a fake ad than to dig up evidence for a full-fledged antitrust suit, FTC has felt moved to skimp on its more important trustbusting job; it has recently used its august powers on such piddling tasks as telling 1) Northwestern Extract Co. to stop claiming that "Grape Sparkle" contains real grape juice, 2) a small greeting-card company to stop describing its cards as "plateless engraved," and 3) International Laboratories...
...Justice Department last week fired a broadside at Standard Oil Co. of California and the six other big oil companies operating on the West Coast.* Charging monopoly and price-fixing, the department filed an antitrust suit to force the companies to: 1) end their exclusive-dealer contracts with independent service stations; 2) divorce their producing activities from their wholesale and retail outlets; and 3) dissolve their conservation committee, which has set production quotas for California's oil industry...
...office receipts, crusty old (68) Dr. Herbert T. Kalmus (TIME, March 22, 1948) did not expand his company to keep up with demand. Producers have had to wait as long as six months for printed color film. Thus, they secretly cheered when the Department of Justice filed an antitrust suit against Technicolor 2½ years ago, charging .that it maintained "high, arbitrary and noncompetitive prices" and had retarded the development of color photography...
...legitimate theater business dwindled before the movies' onslaughts, the Messrs. Shubert tightened their hold on what remained. About 14 months ago, the U.S. Department of Justice's antitrust division set FBI agents poking through the Shuberts' files, buttonholing show people in the rabbit warrens of Broadway casting offices. Last week Attorney General J. Howard McGrath rang up the curtain on a little drama of his own. In Manhattan's federal district court he slapped on a civil suit charging the Messrs. Shubert with monopolizing the U.S. theater in violation of the antitrust law. For good measure...