Word: cartelism
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...peaceful Swiss were up in arms against the U.S. last week. The battle was touched off by the U.S. Justice Department, which filed an antitrust suit in Manhattan accusing Switzerland's watch cartel and U.S. watch importers of conspiring to control production and fix prices in the U.S. Reaching out across 3,850 miles to name Switzerland's proudest and most respected watchmakers* as coconspirators, the Justice Department charged...
...Bulova Watch Co. and Gruen Watch Co., in exchange for Swiss movements and parts, agreed to limit their U.S. manufacturing, import from no country except Switzerland, permit a cartel-hired accountant to audit their books...
Duttweiler's successful price-cutting has frequently brought trouble from his cartel-minded competitors. But "Dutti," as he is fondly known to his customers, was never fazed by that. When manufacturers of standard brands refused to sell to his cut-rate "Migros" (like demigros, i.e., semi-wholesale) stores, he set up his own factories to turn out everything from soap to noodles. When newspapers turned down his ads, he started a paper of his own. When the government passed laws directed against him and his stores, he formed his own political party, was elected to the Swiss parliament...
...RUBBER and Britain's Dunlop Rubber Co. Ltd. have made peace with the Justice Department after six years of fighting a suit charging them with a cartel to divide up world markets in natural latex, rubber thread and elastic yarn. Though U.S. Rubber denies violating the antitrust laws, it has signed a consent decree promising to make its patents available to competitors at reasonable fees, and to manage separately companies jointly owned with Dunlop...
...National Security Council, may prove embarrassing to the Department of Justice, which is pushing an antitrust civil suit against the five biggest oil companies-Standard Oil (N.J.), Texas Co., Standard Oil of California, Gulf, Socony-Vacuum-on charges of conspiring to engage in an international oil-marketing cartel...