Word: baxter
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President Reagan could order the Justice Department to drop its prosecution. But Reagan's antitrust chief, former Stanford Law Professor William Baxter, 51, has said publicly that he believes A T & T's network of phone lines should be separated from the company's other activities. Last week Justice Department officials conceded that there is plenty of pressure to drop the case but, insisted one, "the department's posture is still to litigate it to the eyeballs...
Warren Grossman, number four, and Rob Wheeler number five both turned in sub-par performances for the Crimson. Grossman dropped a 6-4, 6-4 decision to Will Baxter, while Wheeler fell, 6-2, 6-3 to Clive Edges...
...early signs indicate that the Reagan Administration will continue the lassitude in antitrust action. During his confirmation hearing in March, Reagan Antitrust Chief William Baxter, a Stanford law professor, strongly hinted that he would not meddle in such deals as Standard Oil of California's $4 billion bid to buy Amax, a producer of molybdenum and specialty metals, Standard Oil of Ohio's decision to buy Kennecott Copper for $1.8 billion, or Arco's purchase in 1977 of the Anaconda Co. The mere mention of such mergers between natural-resource giants would have set an oldtime trust...
...Baxter says that he intends to rewrite the antitrust division's 13-year-old guidelines on mergers in a way to permit more corporate couplings. He says he does not believe in putting more "weight in the saddlebags of the faster runners." In other areas, the Reaganauts seem to be giving the green light to practices that have previously been regarded as anticompetitive, or nearly so. One of the most important is that the U.S. may allow American companies to form joint ventures for doing international business. That would make U.S. firms more competitive with foreign enterprises, which have...
...cases that have been pending for years. The case against International Business Machines has been droning on since the first papers were filed on the final working day of the Johnson Administration in January 1969. Last week, with IBM still preparing its surrebuttal to the Government's rebuttal, Baxter said: "I don't think it was well handled by the Government, or IBM, or the court. It's very troublesome...