MERGER CURBS are making fast headway in Congress. The House has passed (and the Senate is expected to approve) a bill requiring large companies to give the Government advance notice of all proposed mergers involving combined assets of $10 million or more. If the Government does not object within 90 days, the merger can be completed, though still subject to possible court action later.
LATE FLIGHTS by scheduled airlines have grown so numerous that the CAB plans to require all carriers to complete at least 75% of their flights on time....
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