Word: antitrust
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Other Weapons. Labor unions have been fined before, notably in the Danbury Hatters case in 1912, when union members were forced to cough up almost $300,000 because they organized a national boycott of D. E. Loewe & Co. hats. The hatters were sued under the Sherman antitrust act. In other ways unions have been forced to pay through the nose for various unwise acts. In 1922, when U.M.W. members killed 19 strikebreakers and wrecked the mine of the Southern Illinois Coal Co. near Herrin, the U.M.W. settled out of court for around $700,000. But never had any union treasury...
...stodgy Association of American Railroads had long been incompatible. Last week Bob Young finally packed up his three roads (Chesapeake & Ohio, Nickel Plate, Pere Marquette) and left A.A.R.'s house. As he left, he fired a Parthian shot: The A.A.R. "has encouraged . . . noncompetitive practices," thus also encouraged Federal antitrust action. It has fought to perpetuate discriminatory freight rates helpful to the Eastern, bank-run roads which dominate its affairs. "To squeeze the last dollar of revenue from obsolete equipment . . . technological development has been discouraged." To Young, wartime difficulties were not a sufficient excuse for the way roadbeds and trains...
...some of this Alice in Wonderland atmosphere, Federal Judge Walter C. Lindley last week levied $175,000 in fines on the Great Atlantic & Pacific Tea Co. of America and 24 co-defendants for violating the antitrust laws (TIME, Sept. 30). But as he pronounced sentence, Judge Lindley made a confession. When he had found the defendants guilty a fortnight ago he had inadvertently convicted four innocent defendants. Now he was reversing his verdict on them...
...looked and acted just like any other labor union. It boycotted, it picketed, it signed contracts, and it had a long name: Local 36, International Fishermen and Allied Workers of America, C.I.O. But the Justice Department's antitrust division looked again...
...billion of usable federally financed plants on which the giants hold options to buy. In 1939,75,000 U.S. manufacturers together owned only $39.6 billion worth. The thing to do, said Senator Murray, was to raise this year's appropriation for the Department of Justice's Antitrust Division from $1,700,000, already approved by the House...