Word: commissioner
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Dates: during 1970-1979
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Nor was there anything to substantiate the suspicions of dealers and their customers that the gas shortage had been contrived by the oil companies. Nonetheless, a probe was being pursued by the Federal Trade Commission because statistics showed that gasoline production may have fallen more sharply than warranted. Said Alfred...
Seven days before Boussac declared personal bankruptcy, Murty made a deal to buy 56 of his horses. The price: $840,000, a bargain-basement figure for Thoroughbreds whose breeding potential alone is worth millions of dollars. Two days after his purchase Murty was approached by a French bloodstock agent, Victor...
Frustrated by what it regards as conflicting goals set by various Government agencies for hiring and promoting minorities and women, Sears, Roebuck and Co. brought a class-action suit against ten federal agencies last January. Sears wanted a clarification of affirmative-action policy and an admission from the Government that...
For now, antitrust largely involves traditional questions, such as whether a company conspired to fix prices, divide up markets or drive a weak competitor out of business. A commission appointed by President Carter to review antitrust laws and procedures earlier this year recommended that the standards of proof be relaxed...
Some mergers enhance competition. Oil would seem an unlikely industry for this to occur in. But Thornton Bradshaw, president of Atlantic Richfield, argued that the acquisition in 1966 by the Atlantic Refining Co. of the Richfield Oil Corp. turned two so-so firms into a company strong enough to compete...