Word: doj
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...which they do business. There's no settled code of rules in the global marketplace, just a haphazard collection of local practices and habits. Still, the GE case is extraordinary. Never before have officials outside the U.S. nixed a merger between two giant American corporations already approved by the DOJ. Never before have U.S. companies lobbied so ferociously against their U.S. rivals in a foreign capital. And that's why, for any company that seeks to profit from globalization, there are abundant lessons in the story of how Jack fell down...
...competitor. (With legal actions still a possibility, many of those interviewed for this story insisted on anonymity.) In Washington, the antitrust division of Justice would wait until June 14 for the arrival of a new head--Charles James, Bush's nominee, who was considered to be probusiness. "The DOJ would not and did not meet with us," says John Briggs, who represented Rockwell, an American competitor of Honeywell. "There was just no real constituency for taking on Jack Welch without political leadership in place...
...tobacco company or an investor in one. Two years after absorbing what was supposed to be a death blow, the industry seems once again as healthy as a vegan marathoner. And last week it got an unexpected pick-me-up from the Bush Justice Department. The DOJ said it may be willing to settle a Clinton-era suit seeking to recoup more than $20 billion in health-care costs. The feds essentially admitted that their case is weak, a view not shared by outraged antismoking advocates, who see the shift as a gift to the industry, which contributed $7 million...
...championed by Clinton, is not in the offing. To pre-empt harsher regulations and win protection against future lawsuits, Philip Morris is even asking Congress to grant the FDA limited oversight. Such longtime foes as Illinois Senator Dick Durbin are nonplussed. "It's laughable," he says, referring to the DOJ's settlement talks. "In a real negotiation, they could have included [FDA] regulation with teeth. Now they'll be lucky to get anything...
...pardon was granted. But at least Gambino - the former owner of Valentino's Supper Club of Garden City, N.J. - seems to have been considered for a pardon. The White House Counsel's office included Gambino's name on a list of pardoned candidates to be sent to the DOJ for criminal background checks. That's more than a handful of other convicts whose lawyers or relatives sought help from Roger Clinton got out of their deals...