OTHER NEWS - Aug. 23, 1995

Explosives Maker to Pay Record Fine: ICI Explosives USA Inc. of Dallas, a manufacturer of commercial explosives, agreed to pay a record $10-million criminal fine for conspiring to fix prices, the Justice Department said. ICI’s senior vice president of sales, Withers Waller Caldwell Jr., has also agreed to plead guilty and pay a criminal fine of $50,000 for his part in a bid-rigging conspiracy involving the sale of commercial explosives to lead mines in Missouri and zinc mines in Tennessee. In a case filed in U.S. District Court in Dallas, the Justice Department’s antitrust division charged ICI with conspiring to fix prices on commercial explosives in Kentucky, Indiana and Illinois from 1988 through mid-1992.