Word: antitrust
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...BIGGEST ANTITRUST WAR of the year will be waged against food industry giants, for gobbling up smaller companies. FTC complains that supermarket chains have acquired 1,678 stores in past four years (v. only 560 stores in six years before that). Eight of FTC's largest merger cases involve groups of supermarkets, dairies or food processors. Among them: Kroger, National Tea, National Dairy, Borden, Pillsbury...
...Reactionary" proposals, on the other hand, find favor only within a small clique at the College: only a twelfth back either repeal of antitrust legislation, or "marked reductions" in our Mutual Security program. This is the Fortnightly crowd--laughed at when they are not ignored...
...RELIEF for shareholders getting stock under antitrust divestiture decrees will be favorably considered by Justice and Treasury Departments in hope of speeding settlement of Du Pont-G.M. case (TIME, June 27, 1957 et seq.), aiding in overall antitrust enforcement. But Treasury and Justice oppose as too liberal bill to free Du Pont stockholders from paying regular income tax on G.M. stock when they receive it, require only payment of lower capital gains tax rate when G.M. stock is sold...
BROWNSVILLE, Tex., May 19--James Hoffa today threatened a nationwide strike of all labor if Congress harnesses unions with antitrust laws...
From the union came a roar: "Conspiracy to violate the antitrust laws." Union officials sent letters to Washington, asking the Justice Department to investigate the pact, the National Labor Relations Board to determine whether steel firms could act together on a shutout, since they do not bargain as a unit (U.S. Steel acts as the front man for the industry). But legal experts saw no clear reason why the steel industry could not legally act together on a shutout to protect itself, and the NLRB turned down the union's request because it had made no formal charges...