Word: antitrust
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...publisher who tries to compete with an established A.P. member has "a hard road to travel" before he gets into the A.P., "the chief single source of news for the American press," the court found. To get around antitrust laws, the A.P. incorporated itself under a New York state law which applies to hunting and fishing clubs. And, like such exclusive clubs, the A.P. practices the right of blackball. Once blackballed by a rival, an applicant's only recourse is to throw himself on the mercy of the A.P. membership, which is all too willing to logroll ("You vote...
...result of 26 days of testimony, 240 exhibits, 750,000 words and God knows what expenditure of money, effort and human talent, two great U.S. companies and a group of their top officers were last week acquitted of criminal conspiracy. Thus was played out another tragicomedy of the U.S. antitrust laws...
...Pont de Nemours Co., Inc., long a favorite target for trust busters, had been indicted nine times in the last three years on antitrust charges. It has been widely pictured as a participant in international cartels ranging from titanium to dyestuffs. Last week's acquittal in Newark's Federal Court cleared the company (along with its board chairman Lammot...
...disclosures. The almost forgotten rearguard action which A. & P. has been fighting with the U.S. Government became front-page news again. Last week A. & P. and its public relations firm of Carl Byoir & Associates were sweating through a federal trial in Danville, Ill., charged with violation of the Sherman Antitrust Act. John Hartford, home in Valhalla, N.Y., sweated through a golf game, spluttered: "I'll have to talk to my lawyer...
...distaste for the limelight, Jules Stein got his name in the newspapers twice last week. In Manhattan, he took a firmer grip on Broadway by buying out Leland Hayward, play broker and actor's agent. In San Diego, he was charged in a civil suit with violating the antitrust laws...