Word: antitrust
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...Senator Joseph C. O'Mahoney who had blocked a previous attempt to fence off the industry from any federal control. The bill would leave regulation of insurance where it is now, in the hands of the states. The Federal Government could step in only for violations of the antitrust laws...
...view of Attorney General Francis Biddle and the Antitrust Division of his Department of Justice, the fact that General Electric Co., like other U.S. industries, was hip-deep in the problems of war production had nothing much to do with the case. Last week, the busy Biddle-men added a Government suit to G.E.'s frazzling production worries...
...charge: that G.E. and its subsidiary, International General Electric Co., Inc., have conspired for many years to restrain trade through cartel agreements with six foreign firms. Allegedly violated were the Sherman Antitrust Act and the Wilson Tariff Act, which applies many Sherman Act provisions to foreign trade...
Likewise, U.S. businessmen announced again & again during the year that they like their own idea of free competitive enterprise better than international cartels, which have often constricted the world's economy. On this they should have found common ground with the Administration, which is vigorously prosecuting antitrust suits against match manufacturers, potash producers, etc. as cartelists. But some Government trade experts, studying international business prospects, were beginning to flirt with the idea that long-term agreements on prices and markets were necessary, especially if the U.S. is to compete effectively with western Europe. Others laid plans...
...owns 289 oil wells, 867 miles of pipeline, two refineries, two canneries, two sawmills, a feed mill, a soft-drink bottling plant, an insurance agency, a paint factory, etc. Another irritation to private business is the fact that marketing cooperatives are seldom prosecuted under the antitrust laws...