Word: antitrust
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Last week the acrimonious family quarrel came to an end. In Manhattan's Federal District Court, Pan Am was found guilty of violating the antitrust laws by its restraint of Panagra. Recommending that Pan Am divest itself of its 50% holdings in Panagra. Federal Judge Thomas F. Murphy said: "It is beyond dispute that Pan American blocked Panagra's independent entry into the U.S.-South American market in order that it may continue to share in substantially all traffic carried by Panagra...
...BANK ANTITRUST ATTACK was started by Kennedy Administration, which filed three suits within six days to stop big-city bank mergers in Philadelphia, Lexington, Ky., and Milwaukee, charging bank competition in the cities would be endangered if mergers went through...
...that G.E. is setting up "new auditing techniques" to catch any price fixes, and that "more searching questions will be asked at executive business reviews." To make sure that the brass gets the message, the G.E. legal staff will lecture at all company levels on the pitfalls in the antitrust laws...
...STOCKHOLDERS will decide whether to fire the 14 executives who violated antitrust laws in the rigging of electrical equipment prices. The corporation agreed to a request of International Electrical Workers' Union President James B. Carey, that a vote be taken at the April 26 annual meeting...
...have tried to get together three times previously-in 1893, 1901 and 1930-but were blocked each time by antitrust laws or ICC rulings. Thanks to ICC's recent change of heart toward encouragement of railroad mergers, the new proposal seems to have a good chance...