Magazine content is available exclusively for TIME subscribers.Time Clock, Jan. 30, 1956
CORPORATE MERGERS will find the going rougher. The Federal Trade Commission has slapped Foremost Dairies (39 dairy companies acquired since 1951) with a complaint charging "constant and systematic elimination of actual and potential competitors" with the result that Foremost boosted sales from $52 million in 1950 to $375 million in 1954. FTC Chairman John W. Gwynne has also asked Congress for new powers to require advance notice of all mergers in excess of $10 million, and stronger powers to dissolve mergers that have already taken place.
NEW ALUMINUM GIANT will be built by Olin Mathieson Chemical Corp. The company will spend $120...
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