ANTITRUST: Dividing the Loaf

Two years after scandals that enveloped it during 1972, ITT Corp., the giant multinational conglomerate, finds itself in a new scrape. Last week the Federal Trade Commission charged that the ITT Continental Baking Co. Inc., a subsidiary and the nation's biggest baker, had engaged in illegal pricing practices to monopolize markets for its Wonder bread. The FTC asked that Continental be divided into two or more separate firms; in effect, ITT would have to sell off half of the subsidiary.

The FTC and Continental are old antagonists; in 1971 the agency charged that Continental was...

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