Word: antitrusters
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Dates: during 1960-1969
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...will for months and maybe years to come, the Justice Department's antitrust suit against International Business Machines Corp. last week continued to pose new questions for the courts, the computer industry and the nation's securities markets...
Bargaining Point. IBM's future has been based on its computers and its competitive prowess. Now the future may depend on the courts. Last month the company was charged with monopolistic practices in a civil antitrust suit brought by a competitor, Control Data Corp. Two weeks ago IBM was the target of another suit, brought by a customer, Data Processing Financial & General Corp. And last week IBM was hit by the most important suit of all. The Justice Department climaxed a long investigation by bringing its own antitrust action-the biggest of the Johnson era-against the company...
...combat automobile exhaust fumes, which are responsible for about 60% of air pollution in the U.S., the Federal Government has encouraged automakers to work together in developing antipollution devices for cars and trucks. Last week, in a civil antitrust suit filed in the U.S. District Court at Los Angeles, the Justice Department contended that the nation's auto companies have in deed cooperated - but to impede, rather than promote, pollution control. Named in the suit as defendants were General Motors, Ford, Chrysler, American Motors and the Automobile Manufacturers Association. Seven smaller manufacturers were listed as co-conspirators...
...last December, Hearst had 150 out-of-town strikebreakers on salary, waiting in local motels. His concern was not salaries but union resistance to automation. He had powerful local support from the beginning. Otis Chandler's nonunion and increasingly automated Los Angeles Times, a bit beset by federal antitrust action, feels more comfortable with a rival around. For a time, it helped Hearst print his strike-bound paper. Mayor Sam Yorty, a Democrat of sorts, put city hall on Hearst's side. "I think the unions should get wise to themselves," he said. "They're putting...
Coercing, Exploiting. In a civil antitrust suit filed at the U.S. District Court in St. Paul, Control Data said that IBM's "manipulations" had caused it "substantial and irreparable" losses and demanded treble damages. The complaint charges IBM with 37 violations of the Sherman Act, accuses the company of "coercing," "interfering," "intimidating" and "exploiting." Among other things, Control Data asserts that IBM sold or leased some models at a loss to hinder competition, that it interfered in its customers' negotiations with competitors, and that it was guilty of "misrepresenting the status and performance" of its own prematurely announced...