BUSINESS ABROAD: Recartelization?

West German businessmen, like most of their colleagues in Europe, favor some sort of cartel as an aid to doing business. Last week they thought they saw a ray of hope. In 1950, the Allied High Commission had split Germany's Vereinigte Stahlwerke A.G. (United Steel Works Corp.), which once produced and sold 40% of the nation's steel and 20% of its coal, into 18 different companies; one of them was the marketing company and that, in turn, was to be split in two.

But last week the allies ruled that the sales company could stay intact, at the request of...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!