Word: antitrust
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...outset of last year's investigation of General Motors by the Senate Subcommittee on Antitrust and Monopoly, New Dealing Chairman Joseph C. O'Mahoney declared that he was not out to break up G.M., but to examine it as a "case study" of economic concentration. Last week, when O'Mahoney brought out his "case study," it was less a study than a ringing attack on G.M.'s size and profits, a sharp demand for its dismemberment...
...Trustbuster Stanley N. Barnes prefers to win his victories over business monopolies by the polite method of the consent decree.* But in the 20 months since he filed an antitrust suit against the $390 million United Fruit Co., Assistant Attorney General Barnes has been unable to negotiate any settlement with the company...
...ANTITRUST SUIT is expected to go to trial, since the Justice Department has almost given up hope of negotiating a consent decree. Trustbusters charge that the company uses its pool of 10,000 radio-electronic patents to keep industry in the dark about new developments, forces licensees to pay for RCA patents they do not need...
Under Barnes the Antitrust Division has filed 104 new cases against some giants of U.S. business, among them, Pan American World Airways and the Radio Corp. of America. Last week, three days after his nomination to the federal bench was announced, Stanley Barnes warned General Motors Corp. that it might be wise to give up one or more of its divisions (see BUSINESS). And while awaiting his confirmation as judge, Barnes plans to institute at least one more new action: a suit aimed at ending G.M.'s domination of the bus manufacturing industry...
...Antitrust officials are worried about more than G.M.'s dominance in the auto market; G.M. last year built 43% of all trucks sold in the U.S., has built 60% of all the diesel locomotives in service. It is the world's largest overall producer of diesel engines; G.M.'s Frigidaire is the biggest maker of refrigerators. Last week the Justice Department said that it was mulling over the filing of an antitrust suit to force G.M. to get rid of its bus-building division, which has increased its share of the market from 28% to nearly...