Word: antitrusters
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Dates: during 1940-1949
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Emich lost his dealership because General Motors ruled that he was doing a bad job. Emich charged that it was because he ran his own little financing company, which cut into the business of General Motors Acceptance Corp. Prodded by an attorney for the Government (which had started an antitrust suit against G.M. and their Acceptance Corp.), Emich sued G.M. for $435,000. He asked triple damages under the antitrust...
...steelmen were also likely to be on the Department of Justice's carpet. Suspicious of the uniform and almost simultaneous price advances, the antitrust division moved with unusual speed, prepared this week to find out why the advances had fallen into such a neat pattern...
Robert R. Young (Tues. 10:45 p.m., Mutual), the railroad executive, speaking against the forthcoming Bell bill (which would exempt railroads from the Sherman Antitrust...
...Eagle days-without the fanfare. In Washington last week, the oil and steel industries quietly set up plans for voluntary allocation which they hoped would ease the nation's two greatest shortages. The first under the new anti-inflation law, the industry-wide agreements were exempt from the antitrust laws...
...industry knew that the plan, if approved by the Department of Justice (which must waive prosecution under the Sherman Antitrust Act on such an industry agreement), would be only a stopgap. The shortage will soon get worse. The enormous demand for oil this year is expected to exceed the 1945 wartime peak by some 14%. Among the reasons: over 90% of the locomotives now on order are oil-burning; oil-burners are being installed in homes at a record clip, and farmers are mechanizing their farms at a record rate. Since 1938 U.S. per capita oil consumption has increased...