Word: antitrust
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Dates: during 1960-1969
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Transamerica was set up in 1928 by A. P. Giannini as a vehicle to expand his California-dominating Bank of America across the U.S. The company beat an antitrust suit in court, but Giannini later decided to divorce Transamerica from the bank anyway. By 1956, the separated company had built itself into a holding company that controlled 23 banks in eleven Western states, had also spread out into insurance and a few other fields. Congress ended all that with a law (aimed particularly at Transamerica) that forced the company either to get out of banking or cease all its other...
...leave competitors in a cloud of suds. The Federal Trade Commission feels, in fact, that the distance between P. & G. and its rivals has grown too great. In a case about to be decided in court, it charges that P. & G. has violated the bounds of the Clayton Antitrust Act by competing too aggressively. The charge has put the hard-driving salesmen of P. & G. in a quandary: How can their company continue to grow if it is already big enough to be anticompetitive...
...halt such "conspiratorial" competition, the slum lawyers have filed a federal antitrust suit seeking injunctions and $450,000 in treble damages. The first suit of its kind demands a hard look at possible inequities. But in the long run, a decision that supports the. neighborhood service is likely to help the poor become more prosperous-and boost business for all U.S. lawyers...
...ANTITRUST. To what extent can manufacturers restrict franchise retailers? Chevrolet dealers in Los Angeles sold new cars at bargain rates through dis count houses. By stopping them, argues the Government, General Motors restrained trade and violated the Sherman Act. The trustbusters insist that such franchise agreements hobble merchants across the country...
...face that launched a thousand jokes was frozen grey and grim. The voice that frustrated generations of newsmen and an antitrust subcommittee of the U.S. Senate was curiously grammatical as Charles Dillon ("Casey") Stengel, 75, announced last week that he was retiring as manager of the New York Mets. "At the present time," explained Casey, leaning heavily on a cane, "I am not capable of walking out on the ballfield. If I can't run out there and take a pitcher out, I don't want to complete my service...