Word: mergers
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Dates: during 1960-1969
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...sticking points in the 1955 merger of the A.F.L. and C.l.O...
...quit the A.F.L.-C.l.O. executive council over this and other issues and may ultimately lead his 1.5 million-member United Auto Workers out of the federation, told the Congressional Joint Economic Committee that craft union leaders were "hiding behind pious declarations on paper." His "greatest disappointment since the merger," said Reuther, "has been the failure of the labor movement to solve the problem of minority groups in the craft union setup...
...what is fast becoming an ugly intragovernmental feud over the creation of an electronics and broadcasting giant, the Justice Department insisted that the FCC had violated the law by not holding more complete hearings. Antitrust Chief Donald F. Turner is arguing that the merger may be harmful on at least two grounds: 1) that ITT once intended to create a fourth television network and is buying up the third instead, and 2) that ITT anticipates a tidy cash flow from ABC. ABC lawyers contend that a reverse flow will be more likely: at least $140 million will have...
...tight timetable. The Justice Department was given two weeks to introduce evidence. After that, and after counterarguments are entered by ABC and ITT, the commission will decide whether to reopen the case and reconsider its previous approval. Chances are strong that it will reaffirm the merger. They are equally strong that Justice will then take the whole affair to court...
...will discuss the proposal, outlined in a letter to Dean Ford, this Spring. If approved, the combined major will be a significant first step toward the possible merger of the two fields...