Word: antitrusters
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Dates: during 1940-1949
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There is one more obstacle in Big Steel's way. The Antitrust Division might turn down any deal, on the grounds that Big Steel is big enough already. For the same reason, there are many Westerners who would rather see Geneva operated by someone else. But Big Steel's offer gave them the first concrete reason to hope that Geneva would be operated, somehow...
...Manhattan, he brought antitrust charges against famed De Beers Consolidated Mines Ltd., its diamond-selling subsidiary, Diamond Trading Co. Ltd., Belgium's "Diamang" and "Forminiere," world's biggest diamond miners, and five other British, Belgian and Portuguese companies. Together they supply 95% of the world's diamonds...
...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...
...bill would also suspend prosecution under the Sherman Antitrust Act until June 1, 1947 and the Clayton Act until Jan. 1, 1948. Thus, insurance men would have ample time to change rate practices which, Attorney General Francis Biddle contends, violate these laws. If the bill becomes law, Biddle is expected to drop the criminal antitrust charges against 27 insurance bigwigs which touched off the battle...
...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...