ALSO

The Justice Department filed suit to block a deal it said would eliminate competition in the sale of pumps used in 90% of U.S. gas stations to transfer gasoline from underground tanks to surface dispensers. The civil antitrust suit, filed in U.S. District Court in Madison, Wis., would block a proposed joint venture between Franklin Electric Co. and United Dominion Industries Inc. “This proposed joint venture would create a monopoly in the sale of submersible turbine pumps in the United States, resulting in higher prices, less innovation and lower quality service for customers,” Assistant Atty. Gen. Joel I. Klein said.

*

Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section’s staff can be found at: https://www.latimes.com/bizstaff.