Word: breaker
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...Justice Department has been investigating the pricing policies of the nation's major electric-equipment manufacturers. Last week, in a series of criminal antitrust indictments, a federal grand jury in Philadelphia charged that General Electric Co., Westinghouse Electric Corp., Allis-Chalmers Manufacturing Co., I-T-E Circuit Breaker Co. and Federal Pacific Electric Co. conspired to submit "noncompetitive, collusive and rigged bids" on private and government business valued at $209 million a year. The grand jury also indicted G.E., Westinghouse, I-T-E Circuit Breaker and nine other electrical-equipment makers for conspiring to fix prices on sales...
...government charged that, to set prices and rig bids, representatives of the five major manufacturers met at least 35 times over the past year, took hotel rooms under assumed names. The government market broke up among G.E. (39%), Westinghouse (35%), I-T-E Circuit Breaker (11%), Allis-Chalmers (8%) and Federal Pacific...
...year, not too different from 1959." Chevrolet Boss Ed Cole, setting out with a phalanx of salesmen on a two-week tour to stir up dealers, quickly made his choice. Said he: "1960 promises to be one of the best selling years in history, and a record breaker for Chevrolet. We expect Chevrolet dealers to sell about 1,500,000 conventional passenger cars, 300,000 Corvairs and 365,000 trucks. Such an achievement would represent an alltime sales record for Chevrolet...
...Lease-Breaker. As his first major act of personal rule, De Gaulle summoned Minister of the Sahara Jacques Soustelle, 48, a Gaullist since the 1940 fall of France. Abruptly, with no attempt to soften the blow, De Gaulle told Soustelle that he was fired-"because your personal stand on Algerian questions is too different from my own." Bitterly, Soustelle replied: "You might have waited until June 18, 1960. That would have finished off a 20-year lease on my life...
...last week, he was underwater for an hour morning and afternoon on the elevator job. "To break the monotony," he passed up the sure-thing $150-a-day fee on two of those days to look for - and find - a 1,800-lb. anchor lost by the government ice breaker Alexander Henry last fall. That treasure made his Superior Diving & Salvaging Co. $650 richer...