Word: antitrust
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...sold 103.5 million doses to the Government for distribution to an eager public. Last week five of the companies -Eli Lilly & Co.. Allied Laboratories Inc.. American Home Products Corp.. Merck & Co.. Inc. and Parke. Davis & Co. -were indicted in a Trenton (N.J.) federal court on antitrust charges that they had criminally conspired to fix prices, submit uniform prices in sales to the Government...
...health, boxing's Mr. Big, James D. Norris, resigned his longtime job as president of the International Boxing Club. But he hung on to his job as president of the Madison Square Garden Corp., which owns every share of I.B.C. stock, thus remained the chief target of an antitrust judgment awaiting Supreme Court review and a grand-jury investigation of I.B.C. matchmaking. His successor at I.B.C.: Truman Gibson Jr., a Chicago Negro lawyer who represented ex-Heavyweight Champion Joe Louis...
...several hundred dollars over list. The dealer then generously offers a hefty "discount," or an inflated trade-in price, giving the customer the illusion that the deal is fantastically good. Last week in Washington, the Justice Department opened an investigation of price packing aimed at indictments under the Sherman Antitrust...
...Chrysler and American Motors are all for industry-wide negotiations. They know that the U.A.W. would hesitate to strike the whole industry at once. But General Motors, once burned, is against it. It is also leary of cooperation with the rest of the industry lest it bring down the antitrust lawyers. Thus, unlike steel, where the strongest company does the talking, the auto-industry pattern will probably again be set by Ford, which fits the U.A.W.'s idea of the perfect sparring partner-not too strong, like G.M., or too weak, like Chrysler. The automakers have industry-wide bargaining...
...M.C.A.'s only asset," says one officer, "is its executive talent." Little worried about the antitrust investigation, M.C.A. officials argue that their giant does not control talent, is actually controlled by the stars. Said one top officer blandly: "We're only employees...