Word: antitrust
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Thus the "moral victory" claimed last week by the United States Football League in its much publicized antitrust suit against the National Football League left the supposed victors feeling lower than the SAT scores of their top draft picks. The upstart league did win in a narrow sense: a federal jury found that the old and established N.F.L. was guilty of monopolizing professional football. But the U.S.F.L. lost its $1.7 billion suit where it counts, at the bottom line. After five days of tortured debate, the five- woman, one-man jury awarded the new league $1 in damages. Even tripled...
...USFL, in a trial that began Monday, is seeking $1.3 billion for alleged antitrust violations...
Another potential problem is that the Government could challenge the merger on antitrust grounds. New York Air and Eastern are currently direct competitors on heavily traveled routes from New York to Boston, Washington, and Florida cities. While the Justice Department is studying the deal, other airlines could come forward to top Texas Air's bid. Says Robert Joedicke, an airline analyst for the Shearson Lehman Bros. investment firm: "The merger is not a fait accompli yet. A lot of things can happen...
...private sector can deliver better service for less money than the public sector, as it can with Conrail, then the Government must step aside." Congress moved closer to approving the Conrail sale last week when the Senate defeated an effort by opponents of the plan to challenge it on antitrust grounds...
...that bothers the Reagan Justice Department. Just a decade ago, a proposed joining of two leviathans like GE and RCA would have drawn an immediate challenge. But under the benign gaze of the Reagan White House, bigger most often means better. Charles Rule, Deputy Assistant Attorney General in the antitrust division, notes that recent years have brought "a sea change in public opinion regarding the costs and benefits of regulation," including antitrust laws. Says Rule: "After years of experience with the Great Society, we discovered that more Government doesn't make society all that great. Indeed, it often makes...