Word: antitrusters
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...basic research to participating companies. Thinking along that line, the Canadians, who have also been suffering from an R. and D. lag, plan to set up five innovation centers at universities, which will supply help to industry. In the U.S., such research-sharing schemes generally have been discouraged by antitrust law. But the Commerce Department is now consulting with Justice officials about devising programs that would further the cause of American R. and D. without violating the precepts of antitrust legislation...
...York's Citicorp, which already has 20% of the traveler's check market, plans to sell its Citibank checks through Carte Blanche. Citicorp bought Carte Blanche in the early 1960s, but was forced to spin it off when the Justice Department objected on antitrust grounds. A federal judge has approved Citicorp's plan to buy back Carte Blanche, and the trustbusters are not likely to block the reunion. Partly because of rising competition from bank-issued cards, Carte Blanche has fared poorly and could well use Citicorp's muscle...
...Justice Department has periodically examined the intertwined business interests of pro tennis for antitrust violations. Often the same men have painted both sides of the tennis fence. Promoters fumed at the power of Lawyer Donald Dell, who served both as agent for a number of top players and as legal adviser for the Association of Tennis Professionals. Tournament directors, such as Jack Kramer, doubled as circuit organizers. The Federal Communications Commission and a House committee have looked into CBS's bogus $250,000 "winner-take-all" match between Connors and Ilie Nastase (in which Connors actually was guaranteed...
...talks dragged on and on in a months-long game of high-stakes political poker. Ever since last November, steel conglomerates LTV Corp. and Lykes Corp. have argued fiercely that the only alternative to their planned merger was Lykes' bankruptcy and the layoff of thousands of steelworkers. But antitrust officials objected that even the marriage of two money losers. LTV's Jones & Laughlin and Lykes' Youngstown Sheet and Tube, would reduce steel competition. In the end, it came down to a very close personal decision by Attorney General Griffin Bell. Last week, overruling his staff, he approved...
Still, Kodak has cause for concern. It plans an appeal of an adverse judgment in an antitrust case brought by Berkey Photo; Kodak could be ordered to pay damages as high as $113 million. Despite its dominance of the $8.5 billion photographic-supply market, Kodak has been unable to dethrone Polaroid in the instant-photography field, which accounts for 40% to 50% of the sales of nonmovie, amateur cameras. Kodak remains the industry's giant, but Polaroid has been catching up. On sales of $5.9 billion last year, Kodak's net earnings dipped 1%, to $643 million; meanwhile...