GOVERNMENT: Alarm over Watches

The peaceful Swiss were up in arms against the U.S. last week. The battle was touched off by the U.S. Justice Department, which filed an antitrust suit in Manhattan accusing Switzerland's watch cartel and U.S. watch importers of conspiring to control production and fix prices in the U.S. Reaching out across 3,850 miles to name Switzerland's proudest and most respected watchmakers* as coconspirators, the Justice Department charged:

¶ Bulova Watch Co. and Gruen Watch Co., in exchange for Swiss movements and parts, agreed to limit their U.S. manufacturing, import from no country...

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