Word: antitrust
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...against over-zealous trustbusting, most U.S. businessmen agree that one reason why U.S. industry has outstripped Europe over most of the past half-century has been Europe's easy tolerance of cartels. Last week in Brussels, the Ministerial Council of the six-nation Common Market approved the toughest antitrust regulation Europe has ever seen. Binding on all Common Market members under the 1957 Treaty of Rome, the new regulation will also affect U.S. businessmen who sell their products in the Common Market, manufacture within it, or have patent or license deals with firms that...
...most intricate and contentious antitrust struggle of modern times involves a great American dynastic fortune and more than 1,000,000 U.S. investors. When, last May, the U.S. Supreme Court ordered the Du Pont company to unload its 23% interest in General Motors, investors in both companies braced for a financial shellacking. It seemed certain that the disputed 63 million shares of G.M. would be distributed as "dividends" to Du Pont's 211,000 common stockholders, who then would have to pay full income taxes on them. Du Pont estimated that its stockholders, many of whom...
...Pont influence in G.M. Trustbusters are fighting to force Christiana to sell off any G.M. stock that it gets. That issue is expected to be decided this spring by Chicago's Federal District Judge Walter J. La Buy, 72, who has wrestled with the Du Pont antitrust case for more than a decade...
...Eastern tieup with any big airline would very likely win the blessing of CAB's merger-promoting Chairman Alan Boyd. Under the Federal Aviation Act of 1958, CAB approval gives an airline freedom from antitrust prosecution...
...Justice Department had a different explanation. Pointing out that G.E. had been found guilty in 29 antitrust actions in the last 50 years, the trustbusters described the court order as the only way to frustrate "G.E.'s proclivity for persistent and frequent involvement in antitrust violations." The trustbusters also denied G.E.'s contention that the order would saddle the company with the burden of proving its innocence, argued instead that it would still be up to the Government to prove violations...