Word: cartelizing
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...have no employees, gross less than $5,000 a year, and keep two sets of books -one for themselves, one for the tax collector. Firm believers in high, fixed prices and low turnover, many sell only three shirts or two pairs of shoes a day, heartily approve the traditional cartel-mindedness of French manufacturers...
SLAVE LABOR PAY will finally be handed out by I. G. Farben liquidators, who are breaking up the former German chemical cartel. After long, bitter battle in German courts, liquidators will pay some $7,000,000 to about 4,000 World War II forced laborers, many of whom now live...
Honor Among Usurers. In Osaka, Japan, Hockshop Proprietor Hiroshi Ueda, president of the local pawnbrokers' association, was fined 500,000 yen and kicked out of the cartel for charging customers 6% interest a month, a rate out of line with the customary bite...
...started the case by hauling Holophane into an Ohio District Court. It charged that contracts between Holophane and a British and French firm, granting each other exclusive markets for their products, were "designed to eliminate competition." With previous Supreme Court decisions to go on, the lower court declared the cartel arrangement illegal. Then it went a giant step further. It ordered Holophane to use "reasonable" efforts to sell its products abroad...
Died. Henri J. Revilliod, 83, physician, longtime president of Switzerland's Moral and Social Hygiene Cartel, founder of dispensaries for the treatment of alcoholism in Montreux and Geneva, son-in-law of Czechoslovakia's late great founder and first President, Thomas G. Masaryk, brother-in-law of the late Czech Foreign Minister Jan Masaryk; in Manhattan...