Word: eastmans
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Dates: during 1970-1979
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...business and legal communities were astonished in January when a federal jury of two men and eight women found Eastman Kodak Co. guilty of monopolistic practices in a case brought by New York-based Berkey Photo, Inc., a relatively small competitor. When the same jury last week fixed the penalty, the reaction was genuine shock. Kodak, said the jurors, should pay Berkey $37.6 million in damages-and that was just the beginning. Because standard procedure is to triple damages for violation of antitrust law, the court is expected to raise the award to $112.8 million, one of the largest judgments...
...hardest fighting trim, had been flattened by some tank-town lightweight. Berkey Photo, a financially rickety New York-based photo-products manufacturer and retailer of cameras, film and chemicals, with sales of about $200 million a year, won a favorable jury verdict in a marathon antitrust action against Eastman Kodak (1976 sales: $5.4 billion). During the trial, which lasted six months, Berkey claimed that it had been grievously damaged by Kodak's alleged monopoly power; Berkey lost $24.2 million in the first nine months of 1977. To the astonishment of many legal experts, the jury agreed, finding that Kodak...
BORN. To Paul McCartney, 35; owl-eyed Beatle, songwriter (Yesterday) and pilot of Wings, his highflying, soft-rock group, and Linda Eastman McCartney, 35, singer and photographer: their third child, first son; in London. Name: James Louis...
...Government$246,914,156 IBM $74,109,498 Ford $55,562,975 Mobil $53,036,556 Exxon $41,937,361 Quebec Hydro-Electric $31,354,629 G.M. $30,614,761 Eastman Kodak $26,828,948 Continental Oil $22,064,320 General Reinsurance Group $21,790,981 MAPCO $21,218,851 Getty $20,219,9033 Atlantic Richfield $17,570,839 Standard Oil of California $17,074,654 St. Regis Paper $15,353,397 General Electric $15,187,405 Sears, Roebuck $14,924,096 Beneficial $13,822,884 Caterpillar Tractor $13,741,103 Province of Ontario $12,335,910 Dow Chemical...
...Actually, business was starting to rebound even before July. In June sales were 16% above year-ago levels, and July's heat drove even more buyers into appliance stores. "It's an impulse item," explains Nicholas F. Tralongo, an appliance-industry analyst at Manhattan's Blyth Eastman Dillon & Co. "You have a bad week, and you rush...