Word: antitrusters
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...Federal Communications Commission approved the union seven weeks ago and allowed a formal exchange of stock. But one day before the merger was effective, the Justice Department behaved like a guest who rises to stop a wedding ceremony when the minister asks for final objections. Justice's antitrust lawyers demanded a postponement and reconsideration of the move because of the possibility of "competitive dangers." Last week, after more hot debate, the commission by a 5-to-2 vote agreed to the postponement...
...When the corporate planners do not, for whatever reason, provide for themselves, continued Galbraith, the state comes through "a little too miraculously." When more technocrats are needed, government steps up educational spending. The state also provides demand for the "more risky technology," such as the SST and other "misfortunes." Antitrust is a slick "charade," killing unimportant mergers but not touching established giants...
...push training programs for bank examiners, expand automation in banking, strengthen the supervision of foreign banks, and continue Saxon's chartering and merger designs, though at a reduced clip. Merely to digest what Saxon bit off will keep Camp fully occupied. His office is involved in six antitrust suits concerning bank mergers. The trend in the courts so far has been to support the Comptroller against the Attorney General, ruling for mergers that promote efficiency even if they require concentration...
...ANTITRUST. The year's big merger case involves mammoth Soapmaker Procter & Gamble's acquisition of Clorox Chemical Co., the top U.S. manufacturer of liquid bleach. The FTC washed out the 1957 merger, ruling it unfair to smaller competitors; a U.S. appellate court reversed the FTC, calling it hostile to mere bigness. The Government, which has yet to lose a major antitrust case in the Warren court, now seeks to vindicate...
...plumbing-fixture industry. Fifteen manufacturers, including the American Radiator & Standard Sanitary Corp., the Crane Co. of Manhattan, and the Kohler Co. of Kohler, Wis., plus the industry's Washington-based trade association and eight high-ranking company officers, were accused of collusion in criminal violation of the Sherman Antitrust Act. The charges involved sales and prices of most sinks, toilets, tubs and other bathroom equipment sold, primarily for home use, from the fall of 1960 through early this year...