Word: settlements
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Dates: during 1980-1989
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Then, too, Haig is fearful that Lebanon could again erupt in violence, thereby wrecking any chance of a peace settlement or an "evenhanded" U.S. policy in the region. Says one U.S. official: "Israel would go to war, and we would have to decide between supporting Israel or rejecting Israel, and that would be an impossible choice...
Though the settlement gave the Justice Department much of what it had sought in its original antitrust suit, the divestiture will also be of enormous potential benefit to AT&T. Taken together, the changes will enable a slimmed-down-and toned-up-company to plunge head long into the explosively expanding new world of computer-based information processing, a postindustrial business universe that embraces everything from personal computers to space technology, and all points in between...
...still titanic business enterprise that should improve its profit margins and draw a higher return on investment. To prevent a speculative surge in the stock following the announcement, officials of the New York Stock Exchange blocked trading in AT&T last Friday. Said one Wall Street analyst of the settlement's terms when they finally became known: "We cannot yet tell for sure where this is going, but I have a feeling that it is going to be a very, very big plus...
...Justice Department filed the suit against A T & T in 1974 during the Ford Administration. It charged Ma Bell with violating a 1956 consent decree that had settled an earlier Justice Department antitrust action against the company. Under the terms of the 1956 settlement, AT&T was permitted to retain ownership of Western Electric, but it agreed at the same time to restrict its future business activities to local and long-distance telephone services...
Last week's settlement was silent on whether AT&T in its truncated form will be permitted to plunge into such hot new fields as information processing and data transmission. A 1980 ruling by the FCC allowed the company to compete in those markets if it created a subsidiary. The firm is in the process of doing this, and the new entity has already been dubbed Baby Bell. The offspring would compete head-on with giants like Xerox and IBM in the fast-changing world of information technology. Meanwhile, the Senate has already passed legislation that would clearly define...