Word: consenting
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
TRUSTBUSTER BARNES will soon announce more consent decree settlements in major antitrust cases being prosecuted by the Justice Department. Among companies negotiating for terms: RCA, United Fruit Co., Pan American-Grace Airways...
...United Booking Office, the only agency through which producers can arrange nationwide tours. Last week, in the final act of a six-year-long Government antitrust suit (during which Lee Shubert died), Jake Shubert gave in. He signed another of Trustbuster Stanley Barnes's growing list of consent decrees (TIME, Feb. 6) agreeing to 1) sell or lease four legitimate houses in New York and six more in other cities, 2) sell his interest in the United Booking Office...
...another consent decree last week, General Shoe Corp., second largest U.S. shoemaker in sales (after International Shoe Co.), bowed to Government charges that purchase of 18 other shoe concerns tended to create a monopoly. It promised that until Feb. 16, 1961 it would seek prior Government approval for further expansions and mergers, and buy 20% of its retail requirements from competitors. The company also agreed to sell its stock in competing concerns within the next two years...
Trustbuster Barnes last week solved a problem that had been worrying him in another big industry. Hotelman Conrad Hilton, whose growing empire (25 U.S. hotels, three more overseas with another five abuilding) now stretches halfway around the world, signed a consent decree formally ending the antitrust suit filed against Hilton last April after he acquired the Statler Hotel chain. Hilton agreed to sell two hotels (probably Washington's Mayflower, Manhattan's Roosevelt or New Yorker) in addition to the two (Los Angeles' Town House, St. Louis' Jefferson) he has already sold. Hilton also promised...
...last year the U.S. Justice Department objected to A.A.A.A.'s powerful influence in the business, charged it with restraining trade by fixing agency fees (TIME, May 9). Last week, with little to gain by going into court and little to lose by settling, A.A.A.A. signed a consent decree with Chief Trustbuster Stanley Barnes. (Suits against five other associations are still unsettled...