Trust Suit Charges IBM Monopoly of Computer Field
A civil antitrust suit in U S District Court accuses IBM of monopolistic control of the computer industry. The government seeks separate pricing and restraints on special allowances while IBM defends its competitive growth and denies antitrust claims. The action follows other suits from Data Processing Financial & General Corp and Control Data Corp. Nicholas Katzenbach is set to join IBM as VP and general counsel.
MENTIONED IN THIS ARTICLE
IBM
U.S. District Court
Johnson Administration
Justice Department
Data Processing Financial & General Corp
Data Processing
Control Data Crop
Nicholas Katzenbach
U.S
Washington
Ramsey Clark
Katzenbach
Urges End to Fixed Stock Fee Amid SEC Probe
A UPI report notes a five year plan to abolish fixed stock commissions. The proposal envisions competition setting broker fees and could reshape costs for buyers and sellers. It outlines staged reductions from 50 000 and above to reach no fixed fee for smaller trades, with SEC to decide on sub 10 000 transactions.
MENTIONED IN THIS ARTICLE
Washington
UPI
Justice Department
Securities and Exchange Commission
SEC
Congress Warned of Revolt Over Tax Reform
Treasury Secretary Joseph W. Barr warned Congress that middle income Americans may mount a taxpayers revolt if tax reform is not enacted promptly. He cited tens of millions in the 7 000 to 20 000 range and noted 155 returns over 200 000 with no federal tax in 1967, including 21 over 1 million.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
Joseph W. Barr
Congress
Joint
House
Senate Economic Committee
Barr
N Y Stock Exchange expands controls and keeps five day week
The New York Stock Exchange board of governors approved stronger disciplinary powers and parallel action against members and allied entities. The decision also maintains the five day trading week with a shorter day and notes persistent back office paperwork issues across member firms. They set February 21 as a market closure to clear backlogs, with Lincoln's Birthday on February 12. changes to the constitution require majority member approval.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
American Stock Exchange
Washington
Lincoln
Big Board
San Rafael Painter Falls To His Death
Harold Laereman, 47, a painter on the San Rafael Richmond Bridge for 12 years, fell 60 feet to his death Thursday in San Rafael.
MENTIONED IN THIS ARTICLE
San Rafael
UPI
Harold Laereman
San Rafael-Richmond
Shaw Case May Not Reach Trial Amid Delays
The long delayed trial of Clay L Shaw for conspiring to kill President Kennedy faces another postponement at the request of Jim Garrison's office. A federal judge demanded more autopsy evidence before releasing photographs, with a ruling expected Monday.
MENTIONED IN THIS ARTICLE
Clay L. Shaw
John F. Kennedy
Dist. Att
Jim Garrison
Orleans Parish
James L. Alcock
Garrison
Shaw
Charles Halleck
Court of General Sessions
Washington, D.C
Kennedy
Alcock
Atty
Ramsey Clark
Halleck
Washington
Court Halts Oil Merger By Atlantic Richfield and Sinclair
A federal judge issued a temporary restraining order blocking the Atlantic Richfield Sinclair merger to prevent irreparable public injury. The injunction bars further action to consummate the merger and any changes to corporate structure or operations outside normal business, expires in 10 days, with a hearing to follow.
MENTIONED IN THIS ARTICLE
New York
Atlantic Richfield Co
Sinclair Oil Corp
William B. Herlands
U.S. District Court
Sinclair
Atlantic
Atlantic and
Also Mentioned on This Page
James Alcock
Andrew Sciambra
N.Y. Stock Exchange
T.M.S. Long Beach
Transcendental
Maharishi Mahesh Yogi Mon
Long Beach
I.T.M.S. Center
South St
Atlantic Ave
N.L.B
New Orleans
Edward A. Haggerty Jr
Criminal District Court
Warren
Lee Harvey Oswald
Government Commission
Earl Warren
Feder
Shaw’s Attorneys
Salvatore Panteca
F. Irvin Dy
Court
Herlands
Cremer
Americard
W. Cowles St
Disday Family
Long Beach Chapel
Avenue
THE
Order OF the Golden Rule
Lakewood Chapel
Woodruff Avenue
Arbor Villa
Santa FE Long Beach
I 999
BankAmericaid
Paramount Blvd
Shakey’s Pizza Parlor
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