Word: ftc
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After an eleven-year fight, the FTC curbs undertakers
...FTC thinks that giving customers the option of rejecting extras will help reduce funeral costs. The average price is about $2,400 and can go much higher. At the Ritter Funeral Home in Milwaukee, the prices range from $580 for a cardboard casket and transport for immediate burial to $6,995 for a full-service funeral with the top-of-the-line bronze casket...
...Chevrolet plant outside San Francisco. When it was announced last February, the plan provoked cries of alarm from rival car manufacturers and set off an intensive Federal Trade Commission review. Last week, after GM and Toyota signed an agreement stating that they would abide by U.S. antitrust laws, the FTC gave the green light to the venture...
...accounts for 60% of all U.S. sales of American-made cars, while Toyota has 25% of the market for imports. "I don't care what kind of fig-leaf consent order they try to cover it up with," said Chrysler Chairman Lee lacocca after last week's FTC decision. "It's not right, and I will do everything in my power to see that the American public gets a clear picture of just how wrong...
...FTC action, which permits the partners to build up to 250,000 autos a year, was also strongly opposed by Commissioners Michael Pertschuk and Patricia Bailey. Pertschuk called the venture "a classic antitrust violation...