Word: divested
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Dates: during 1940-1949
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Green Light. ICC allowed Railroader Robert R. Young to divest his Chesapeake & Ohio Railway of control of the New York, Chicago & St. Louis (Nickel Plate) road. He will distribute C. & O.'s 192,400 Nickel Plate shares to C. & O. stockholders as a stock dividend. In permitting Young to shed control of a road that competes with the New York Central, ICC removed one more obstacle to Young's aim to control the Central...
G.O.P. Congressmen had vowed that one of their first acts would be to divest Harry Truman of many of his wartime powers. But on the last day of the old year Harry Truman did it himself. He declared "the cessation of hostilities...
...With it he acquired a lawsuit by ex-Owner Donald Flamm, who charged that Noble had coerced him into selling cheaply, for fear FCC would take away his wavelength. Flamm won another $350,000 in court. But Noble still liked radio. So after FCC ordered NBC to divest itself of either the Red or Blue network, Ed Noble paid $8,000,000 for the Blue, the biggest deal in radio history...
...Justice wins its suit, Inco will have to divest itself of its U.S. subsidiary, eliminate fill interlocking ownership of the two companies...
...such cartel practices as: ¶ Dividing the world into noncompetitive markets. ¶ Restricting production. ¶ Fixing prices on matches, match machinery and match chemicals. ¶ Suppressing the manufacture of new "everlasting" or re-ignitable matches. The U.S. defendants, headed by big Diamond Match, were told (and agreed) to divest themselves of each other's stock, get rid of interlocking directorates...