Panel bars price hikes of 1600 top companies
Washington reports the Price Commission froze prices at more than half of the nation s largest firms and sent notices to file overdue reports or face price rollbacks and potential fines. Grayson said 1 375 firms have filed, 2 054 required. The agency will enforce rules with dangers of up to 2440 fines and will maintain food price exemptions while monitoring productivity gains. Armco Steel was ordered to cut oil field equipment prices after a self reported lapse.