Word: antitrust
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...stop what it considers to be growing concentration in some industries. As a start, FTC ordered Crown Zellerbach, No. 2 U.S. papermaker (after International Paper), to sell St. Helens Pulp & Paper Co., which it bought in 1953. This was first time FTC invoked amendment to Clayton Antitrust Act that forbids merger which may create monopoly in just a single line of commerce. (The "line" in this case is the coarse-paper market in eleven Western states.) Crown Zellerbach will appeal to courts...
...this Administration will not propose and in fact will vigorously oppose any legislation designed to bust unions . . . We will not recommend a so-called national right-to-work law and we will oppose such legislation if it is proposed." Neither would he support any attempt, he said, to apply antitrust laws to unions...
FAST-MOVING VOLKSWAGEN, which accounted for more than $75 million of the $175 million foreign-car sales in U.S. last year, now faces Government roadblock. In antitrust suit, Justice Department charged that major U.S. distributor, Volkswagen of America, fixed wholesale and retail prices, eliminated competition among its own 14 distributors and 350 dealers by giving them exclusive sales territories, forced dealers to sell only to buyers living in their sales areas...
...argue, cajole, charm, browbeat rivals, but he survived all challengers. At his direction, the cartel held diamonds off the market to keep prices up; it forced dealers to take lots (up to $50,000) or get none at all. But Oppenheimer successfully fought off a U.S. Government antitrust suit in 1945 on the ground that it was American dealers who "cooperated" with him, not he who told them what...
...wind up its three-month investigation of steel-pricing policies, the Senate Antitrust and Monopoly Subcommittee last week put on the stand former Treasury Secretary George M. Humphrey, now chairman of National Steel Corp., the country's sixth largest steelmaker. Subcommittee Chairman Estes Kefauver had a thorny question waiting: Since National Steel is operating at 80% capacity v. 98% early in the year, could it not melt customer resistance, push up the operating rates and still maintain profits by cutting prices? Answered Humphrey: "That is what you think. I do not think...