Word: ponte
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Dates: during 1950-1959
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...history: 25 specials for the nighttime slate, at least 48 news and documentary specials for Sunday afternoons. The CBS schedule is so tight that the four Frank Capra-produced Bell Telephone science shows had to move over to NBC. Splashiest of all will probably be The Du Pont Show of the Month, offering ten 90-minute spectaculars: Paul Gregory's Crescendo, a mishmash of American music with Ethel Merman, Rex Harrison, Louis Armstrong, Carol Channing and Peggy Lee; Mark Twain's The Prince and the Pauper; a musical edition of Junior Miss; and a Cole PorterS. J. Perelman...
...half year in G.E.'s history, a sales gain of 8% to $2.1 billion. International Business Machines' President Thomas J. Watson Jr. announced quarterly earnings of $21.3 million for another alltime peak, and more than the company's total annual revenues 25 years ago. Du Pont, Douglas Aircraft Co., Revlon, Mack Trucks and Schering Corp. were all at new highs, while Kaiser Steel Corp., American Cyanamid Co. and Radio Corp. of America showed solid six-month sales and earnings gains over...
...Justice Department's Antitrust Division, told the American Bar Association that the Government would take a long, hard look before trying to upset other longstanding affiliations. Said Bicks: "At least in terms of the feasibility of effective relief in cases involving long-consummated acquisitions, the G.M.-Du Pont ruling may be more the exception than the rule...
What worried businessmen most was that trustbusters might attempt to divorce old and happy corporate liaisons, whether set up by stock purchase (as in the Du Pont case) or by the acquisition of other assets, for fear that they could produce a monopoly. Bicks soothed their fears. Though Section 7 of the Clayton Anti-Trust Act as amended in 1950 covers all asset acquisitions (it previously covered stock only), the amendments state clearly that "nothing contained in this action shall be held to affect or impair any right heretofore legally acquired." Therefore, he reasoned, a great many...
Concluded Bicks: The Supreme Court decision "places tremendous responsibility on enforcement officials, but the Justice Department is keenly aware of this responsibility. The Antitrust Division has not, since G.M.-Du Pont, researched back through recorded stock acquisitions since 1914 to determine whether now-40 or more years later-competition may-still further in the future-be substantially lessened...