Word: multimarket
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...Multimarket, mass-consumer, technologically-oriented, unified-manage-ment company: A conglomerate...
...antitrust cases, he has flailed conglomerates for evils ranging from excessive economic concentration to "human dislocation." Proud that Republicans "have historically been vigorous enforcers of antitrust," McLaren is becoming the most active-and visible-trustbuster since the days of Teddy Roosevelt; his broadsides have helped chill investor enthusiasm for multimarket companies...
Washington's first big salvo against conglomerate corporations came only last month. It was fired by the Justice Department, which announced plans for an antitrust suit to divest Ling-Temco-Vought of its controlling interest in Jones & Laughlin Steel. Last week, "multimarket" companies, as they prefer to be called, quavered again as the Federal Trade Commission took aim at a merger by another big concern, Los Angeles-based Litton Industries...
...most leaders of conglomerate companies loathe the name, largely because they are vocally critical of each other and do not like to be lumped together with some of the abrasive men and controversial companies involved in modern mergers. They prefer to be known as leaders of "multi-industry" or "multimarket" concerns. Yet "conglomerate" seems an apt title. Derived from the Latin verb, conglomerare, meaning "to roll together," it is also the geological term for heterogeneous stone fragments fused into a mass. However much the word grates, it has become fused into the business language...
...that too much U.S. business is going into too few big baskets, the FTC announced that it is undertaking a thoroughgoing study of the conglomerate phenomenon. Chief FTC Investigator Harrison Houghton, 56, plans to tackle not only antitrust problems but also such areas as efficiency and profitability of the "multimarket companies"-as the conglomerates like to call themselves...
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