Word: antitrust
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...Variety reported in January that the Justice Department's Antitrust Division was investigating pending Rank deals "in the belief that the first world cartel" in motion pictures "may be in the making." Last week the Antitrust Division denied that any such investigation was under...
Should U.S. firms be permitted to join international cartels in order to expand foreign trade? The Justice Department's Antitrust Division has invariably answered this prime postwar question with a definite "no." Last week a top U.S. businessman answered with a qualified "yes." Up before a Senate subcommittee stepped grey, urbane Ralph W. Gallagher, 63, president of Standard Oil of New Jersey. He had asked to be heard on the bill sponsored by Wyoming's Senator Joseph O'Mahoney, requiring registration of international cartel agreements. Said President Gallagher: Standard Oil agrees "in principle" with the bill. Standard...
Oilman Gallagher pointed out that many of the 16,000 U.S. companies selling abroad must sign foreign restrictive agreements, which laid them open to possible antitrust prosecution, or not do business...
Justice v. Diamond. Besides Fairburn and five other match kings, this week's antitrust action named the five top U.S. match producers (starting with Diamond and all allegedly controlled by it) who account for 83% of all U.S. production, plus two British, one Canadian, and three Swedish companies. This cartel, charged Justice, controls some 75% of the world's match business (the Japanese* and the Russians handle most of the rest). Its members have divided up the world among themselves and, except in rare spasms of greed, scrupulously refrain from trespassing on each other's preserves...
Finger in the Machinery. When trust-busting Roosevelt I appointed Holmes to the U.S. Supreme Court, Holmes at once disappointed T.R. by supporting Railroad Tycoons James J. Hill and J. P. Morgan in an antitrust case. Said the new Justice in his first Supreme Court dissent: "Great cases like hard cases make bad law. For great cases are called great not by reason of their real importance in shaping the law of the future but because of some accident of immediate overwhelming interest which appeals to the feelings and distorts the judgment. ... We must read the words before...