Word: antitrust
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...would have been resented by powerful A. T. & T., which for decades battled fiercely with the independents. But now there is peace. A. T. & T. has agreed not to raid the independents, makes generous revenue splits with them on interchanges of calls ($190 million in 1958). Fearful of Government antitrust suits (it narrowly squeezed out of a 1949 suit), A. T. & T. is only too happy to have the independents around as proof that it is far from a nationwide monopoly...
...outsold and outserviced them. Last month P-B signed a consent decree promising to create competition by sharing with all comers its current and future patents, and instructing them how to make, repair and service the postage meters. Wheeler accepted the decree with grace: "We believe in the antitrust legislation and what it has done for the country. We hope other companies do come in. We don't think competition will hurt...
Into that situation moved the U.S. Department of Justice's antitrust division, charging Harte-Hanks with conspiring to restrain trade. The chain, said the government, intentionally operated the Banner at a loss and used revenues from its other newspapers to finance the loss. Harte-Hanks lawyers argued that free competition, not a conspiracy, had made Greenville a one-newspaper town. Greenville, they said, is too small to support two dailies. Last week in Dallas U.S. District Judge T. Whitfield Davidson dismissed the antitrust suit against Harte-Hanks. Said Judge Davidson: "Justice Holmes has said that...
...leaving because of friction with Army brass over the Academy's no-Bowl policy ("sheer malarky"), or for health reasons ("bunk"), said only: "I decided I'd had it." ¶ Independent boxing promoters, managers and fighters rejoiced last week when the U.S. Supreme Court upheld an antitrust decree against the International Boxing Clubs of New York and Illinois. The decision broke the strangle hold I.B.C. has exercised on title bouts, directed I.B.C. Kingpins James D. Norris and Arthur M. Wirtz to dissolve both clubs, sell their controlling interest in New York's Madison Square Garden, open both...
MORGAN-GUARANTY TRUST merger is being checked by the Justice Department for possible antitrust violations, but trustbusters are not expected to oppose merger, since the Chase and Manhattan banks combined four years ago into a company whose assets are larger than the combined Morgan and Guaranty Trust assets...