Word: antitrust
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Dates: during 1970-1979
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...easing of antitrust regulations that would permit small-and medium-size steel companies to form joint ventures to develop advanced technology-for example, designing new rolling mills or coke ovens...
...efforts to get them to participate may be sunk by a conflict in Washington. In 1975 the Russians bowed to U.S. pressure to enter key North Atlantic price-fixing conferences, but the Justice Department "loused up the deal," in the words of one New York shipping executive, by threatening antitrust action against the American members. Since 1916, U.S. members of shipping conferences have been exempt from antitrust laws, but Justice is making noises about ending that freedom in line with President Carter's deregulation policy. A U.S. pullout from the conferences would scarcely tempt the Soviets to join...
Normally, Santa Fe, N. Mex., Judge Edwin Felter spends his days dealing with burglaries, muggings and an occasional divorce case. But this month Felter's courtroom has become center stage for more than 200 top corporate, international and antitrust lawyers. By a quirk of jurisdiction, Felter is presiding over one of the largest and most complex corporate lawsuits ever filed in an American court-a $2 billion-plus action by a New Mexico uranium mining company, United Nuclear Corp., against General Atomic Co., a 50%-owned subsidiary of Gulf Oil Corp., for fraud, coercion and breaches of the nation...
...formal headquarters in Paris, complete with a paid secretariat, policy and operating committees and detailed rules for dividing up markets and fixing prices. Those rules forbade members to share markets or rig prices in France, South Africa, Australia, Canada and the U.S., in order to stay clear of local antitrust rules. But whenever a member company learned of a potential order from an outside country-Japan, say, or Spain-it had to inform the secretariat. The cartel would then select a member to bid at a price it had set; to preserve appearances, another member would be chosen...
...protestations that it was forced into the group by the Canadian government? And did the cartel's operations, even though they were confined to foreign markets, help to push up prices in the U.S.? If the courts decide that both answers are yes, Gulf would be open to antitrust prosecution by Washington, to private suits by any U.S. buyers of uranium who were hurt by the price blowup and even, conceivably, to suits by some of the 30 million-odd U.S. individuals and businesses that are paying higher rates for electricity because nuclear-power companies are paying more...