Word: truce
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Double Selling. During World War I, Philips stayed on its neutral feet. In 1919, it began its characteristic way of doing business. The first was an exclusive cross-licensing of light-bulb patents with General Electric. Then followed a truce with the German lamp trust, Osram, and the formation, in 1924, of the giant Phoebus cartel, to control the sale of lamp bulbs throughout the world. This included companies in Britain, France, Germany and Japan, and American-owned foreign companies. Phoebus "stabilized" prices at a high level, roughly four times higher than...
This little exchange of amenities did not mean that 27 years of bitter feuding had ended. The air still zinged with individual sniper's bullets, and a real Kremlin-Vatican friendship was as remote as ever -but last week the prospects for some sort of truce had progressed beyond the rumor stage...
That both sides would benefit from a truce is the best of all reasons...
...time for the Greek truce to become a peace. Both the Greek Government and ELAS had promised to be reasonable. But there was trouble about the ELAS peace plenipotentiaries...
Both British and Greek soldiers in Athens have been perplexed by the fact that Americans, though allies of Greece and Britain, took no part in the struggle against ELAS. But last week two young U.S. Army doctors helped solve the most serious problem left unsolved by the truce -the fate of some 10,000 civilian hostages captured and held by the ELAS forces...