Word: antitrusters
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Dates: during 1960-1969
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...field of antitrust action, Kennedy has so far said nothing-but his policy in this field could hardly be tougher than the Eisenhower Administration's. In the labor area, Kennedy has promised to pass a minimum-wage bill raising hourly wages to at least $1.25. Most businessmen believe that Kennedy, while promising to be beholden to neither labor nor business, will not openly antagonize the business community, will prefer to win its cooperation rather than fight it. Kennedy realizes that the welfare of U.S. business, with its decision-making and spending powers, is essential to the health...
...Caught in a squeeze play between the potential power of a third league and the actual power of a Senate antitrust subcommittee, National League club owners, meeting in Chicago, expanded the circuit to ten teams by adding Houston and New York. The foot-dragging American League is also expected to vote new franchises (leading candidates: Dallas-Fort Worth and Minneapolis-St. Paul...
BUSINESS WATCHDOG wants more staff and money to step up its activities. After busiest year in its history, the Federal Trade Commission wants 70% more staff and a 50% increase over current $8,000,000 budget to intensify its campaign against misleading claims and antitrust violations...
...ANTITRUST SUIT against American Cyanamid Co. was filed by Justice Department, charging conspiracy with six other companies to monopolize both domestic and international trade in melamine and melamine products, whose sales by American Cyanamid last year totaled about $87 million, some 15% of the firm's volume. The U.S. charged that for over 20 years...
...earlier days, a corporation was expected to stick to what it knew best. But stringent antitrust laws now discourage fast-growing companies trom mergers with companies too close to their own fields. Result: many companies are forced to move into an entirely different line in an effort to increase their profit margins. Once :hey have made such a move, they find it even easier to continue diversiying. Providence's Textron, caught in the ailing textile industry, has set a record since 1955 of 29 mergers into such fields as electronics, automotive parts, aluminum products and optical equipment. Textiles, once...