Word: antitrusters
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BUSINESS WATCHDOG wants more staff and money to step up its activities. After busiest year in its history, the Federal Trade Commission wants 70% more staff and a 50% increase over current $8,000,000 budget to intensify its campaign against misleading claims and antitrust violations...
...ANTITRUST SUIT against American Cyanamid Co. was filed by Justice Department, charging conspiracy with six other companies to monopolize both domestic and international trade in melamine and melamine products, whose sales by American Cyanamid last year totaled about $87 million, some 15% of the firm's volume. The U.S. charged that for over 20 years...
...earlier days, a corporation was expected to stick to what it knew best. But stringent antitrust laws now discourage fast-growing companies trom mergers with companies too close to their own fields. Result: many companies are forced to move into an entirely different line in an effort to increase their profit margins. Once :hey have made such a move, they find it even easier to continue diversiying. Providence's Textron, caught in the ailing textile industry, has set a record since 1955 of 29 mergers into such fields as electronics, automotive parts, aluminum products and optical equipment. Textiles, once...
PILL PRICE CUT of 15% for antibiotics has followed criticism of high drug prices by Senate Antitrust Committee. Pfizer, Upjohn, Lederle and Squibb cut prices of tetracyclines-biggest antibiotic family-to retailers buying direct...
...This year the trend continues; earnings for the first quarter were 67? per share (v. 38? for the same period last year). And although Evans must justify his expansionism to a federal court in the U.S., he has no antitrust worries in Europe. There he has already invested more than $5,000,000 so far this year in three plants for Crane. He expects to add others soon...