Word: antitrusters
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...Corp. of Armonk, N.Y., the world's largest maker of computers; on the other was Control Data Corp. of Minneapolis, which ranks fifth in the U.S. computer industry. Last week the companies announced an agreement: Control Data lawyers consented to drop the company's four-year-old antitrust suit against...
...which controls at least two-thirds of the entire computer market and has a reputation as a tough and unrelenting competitor, had been accused in the suit of all sorts of monopolistic mischief. With the settlement, IBM executives disposed of the antitrust complaint without having to admit to the charges...
Shelter. Last week's ruling, in effect, contradicted TWA's allegations that Hughes committed antitrust violations in the 1950s, when he owned nearly 80% of TWA and made all of its major decisions. TWA charged in the suit that when jet aircraft were first brought into commercial use in 1958, Hughes deliberately procrastinated in securing them for the airline. He eventually had the line lease jets from his Hughes Tool Co. before buying its own, an arrangement that TWA lawyers said benefited the tool company more than TWA. Hughes Tool Co. had large cash reserves at the time...
...sold out 48 hours in advance. Rozelle refused, explaining that easing of the TV ban could seriously reduce attendance at future games and might even turn pro football into a "studio show." Kleindienst countered by announcing that the Nixon Administration would urge the new Congress to re-examine the antitrust exemptions granted the N.F.L. in an effort to "seek legislation more in keeping with the public interest...
...marks only the second time in recent years that the FTC has sought to break up an alleged monopoly-normally a job left to the Justice Department. Further, the commission did not base its case on either of the two standard antimonopoly statutes-the Sherman and the Clayton antitrust laws. It leaned instead on a broad and seldom used section in the basic FTC act outlawing "unfair methods of competition in commerce...