Government's Giant-Killers Chase the Conglomerates
The Nixon administration leads an unprecedented antitrust crackdown targeting large conglomerates with suits from McLaren and warnings of a possible new death sentence law. Big Labor and business alike back restraint as mergers slow, stock losses mount, and lawsuits confront Ling-Temco-Vought and Northwest Industries amid a broad government push.
MENTIONED IN THIS ARTICLE
Washington
Nixon
Franklin D. Roosvelt
Robert Baron
Philadelphia
Baron & Co., Inc
Associated Press
Baron
Justice Department
Is There Law Covering Conglomerate Merger
A discussion of how conglomerate mergers may threaten competition under antitrust law. McLaren argues for case by case scrutiny with Supreme Court precedent, citing potential competition reciprocity leading to dominance and noncompetitive markets. The piece notes opposition from former antitrust chiefs and task forces, and mentions U S Steel's reciprocal buying case.
MENTIONED IN THIS ARTICLE
Celler - Kefauver
McLaren
Supreme Court
Donald F. Turner
Harvard University
Turner
Lyndon Johnson
Nixon
U. S
Justice Department
United States Steel Corp
Justice
U. S. Steel
CAB Approves Second Adjustment Raising Short-Hopper Fares
The Civil Aeronautics Board approved a second fare adjustment for airline tickets. Shorter flights gain average 6.35 percent with notable jumps for 188 to 261 mile routes, while some long-haul fares fall slightly. Discounts for promotional and youth fares are reduced.
MENTIONED IN THIS ARTICLE
Washington
Civil Aeronautics Board
American Airlines
Robert T. Murphy
G. Joseph Minnetti
Minnetti
Bos
Discover America
Laundress Today Needs Her Degree In Chemistry
A humorous look at modern laundry science contrasts the past with today as a laundress notes the need for chemistry, multiple detergents, and precise steps. She jokes about monitoring with a stopwatch, manuals, and a microscope, while still ironing her husband’s shirts between cycles.
Cadillac For LYTO The 1970 Fleetwood Eldorado Preview
Cadillac retains the classic lines of its Eldorado and Fleetwood family for 1970. The new model emphasizes familiar styling while detailing refinements to trim and features.
Port of San Francisco Closes Over Teamster Longshore Dispute
San Francisco port operations halted except for priority cargo amid a Teamsters versus longshoremen fight over container handling. Pickets at 66 piers blocked most shipments, with only military, perishables, and mail moving. A federal restraining order had paused prior action, and hearings are set for September 15.
MENTIONED IN THIS ARTICLE
San Francisco
Teamster
Teamsters
Pacif
Ic Maritime Association
West Coast
Oakland
Agencies Aim to Save 35 Million by Dropping Duplicate Engines
The General Accounting Office reports the Air Force and Navy could have saved about 35 million dollars last year by eliminating duplicate orders for spare aircraft engines. The GAO says the engines were duplicates. the Navy bought them because the Air Force did. The Pentagon contends engines were not duplicates.
MENTIONED IN THIS ARTICLE
Washington
General Accounting Office
Air Force
Navy
Agency For Congress
Air Force delivers food to hurricane wrecked Guatemala
At Scott Air Force Base Illinois the Military Airlift Command said cargo planes have airlifted about 215000 pounds of food to areas in Guatemala struck by Hurricane Francelia.
MENTIONED IN THIS ARTICLE
Scott Air Force Base
Ill
Air Force
Guatemala
Military Airlift Command
Also Mentioned on This Page
Richard W. McLaren
John N. Mitchell
Congress
Afl-Cio
Ling-Temco-Vought
L-T-V
Jones & Laughlin Steel Corp
Raiders
Pan American Airways
B. F. Goodrich Co
Northwest Industries Inc
Goodrich
Suse
New York
L.E.M
Lee
Moon
Lee’‘S
Cadillac
LYTO
AMX
Marine Terminals Corp
Middletown
Glass Shop Inc
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