Word: antitrusters
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...cases have been pursued more vigorously by the Justice Department than its six current antitrust suits against bank mergers, which have been growing steadily in popularity in recent years. Last week Justice dealt with two of the cases in dissimilar ways, but in both sought to chop off a major portion of recently merged banks...
...Justice Department's best-laid plans, however, may yet go astray. The Senate has already passed and the House is considering a bill that would exempt from antitrust action the banks involved in the six current cases. The bill would also make it vastly more difficult for Justice to bring antitrust suits against other U.S. banks, which many Congressmen feel are already amply regulated by federal agencies...
...rigged some prices of the commonest grade of steel, carbon steel sheets, which go into autos, washing machines, kitchen cabinets, refrigerators, office furniture and many other consumer goods. Judge Edward Weinfeld of Manhattan's U.S. district court fined them $50,000 each, the maximum allowed under the Sherman Antitrust...
...move more deeply into the overseas market, which last year accounted for 3% of all its sales. At home it is faced with increasing Ford and Chrysler competition-which has reduced its share of the market to 49% from 1962's 2%-and conversely by the threat of antitrust action if it succeeds in raising its market share substantially. Besides G.M. is acutely conscious that for three years more autos have been produced abroad than...
...Civil Aeronautics Board re jected a proposal by the International Air Transport Association to ban mov ies on all international flights. I.A.T.A.'s proposed ban was not in the public in terest, said the CAB; not only that, but it might subject participating U.S. air lines to antitrust action by the Justice Department, which last month angrily criticized I.A.T.A. for its "methodical elimination of all forms of competition in international air travel...