Word: antitrust
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...Justice Department, sensing possible violation of the Sherman and Clayton antitrust laws, announced that it had asked for a grand jury investigation of the industry's production and sales arrangements. Though Justice had been looking into monopoly and price-fixing for months, the latest price increase had undoubtedly helped persuade its lawyers that the time had come to call major U.S. oil companies to the witness stand...
...Administration officials), tightened security regulations, ran down income-tax violators, purged the Government of scores of undesirables. His Justice Department battled Communists (72 Smith Act convictions) and labor racketeers (an average of 30 labor prosecutions a year). And to the surprise of some G.O.P. businessmen, Justice has commenced 157 antitrust cases since January 1953, won 25 convictions and signed 99 consent decrees forcing breakups of business concentrations. Brownell has 1) pushed a program that reduced the backlog of Government cases in federal courts by 25%. and 2) coun seled the appointment of some 68 high-caliber federal judges. His department...
...Convicted last week of criminal contempt for violating a 1949 antitrust judgment requiring him to sell 39 of his more than 100 movie houses. A Buffalo District Court ruled that instead of a bona fide sale, Schine Enterprises "sold" the theaters to its affiliated companies...
...Government lawyers, the mushrooming growth of bigness in 1956 raised a prime question: How big is too big? Trying to solve the riddle, the Justice Department's Antitrust Division filed suit against 54 mergers, more than in any year since 1949. The problem was how to let big business expand to meet the needs of the growing economy without destroying the climate for new and small businesses on which the future health of the nation depends. Though new business starts were 14% higher than 1955, business failures increased even more-to 17%. At year's end a major...
...producer, with assets of $2 billion and ingot capacity of 20 million tons, and Youngstown Steel, sixth biggest producer (assets $574 million, ingot capacity 5.8 million tons). The Antitrust Division, which had already warned Beth Steel it would fight the plan, promptly filed suit under Section 7 of the Clayton...