CHRYSLER PROBLEMS increase. Dissident Stockholder Sol A. Dann vowed to start a proxy fight to oust management. Deposed President William C. Newberg sued Chairman and President L. L. Colbert for $5,250,000, charging that Colbert conspired to make Newberg look dishonest to give himself "an aura of righteousness." Only cheery note: Chrysler 1960 earnings were $3.61 per share, first yearly profit since 1957.

BOOMING FRENCH ECONOMY has hit such a pace that for the first time since World War II the government has more gold and currency reserves on hand ($2,143,000,000) than it owes abroad ($2,130,000,000).

ILLEGAL STOCK TRADING was charged against Universal Controls President Morris Mac Schwebel. Federal grand jury indicted Schwebel on charge of conspiring to illegally sell--by phony earnings claims--unregistered Soil Builders International stocks and unregistered stock in Basic Atomics Inc.

SLOPPY INSPECTION of Electras before they were delivered to airlines brought a $6,000 fine to Lockheed from the Federal Aviation Agency. Among things found in wing fuel tanks were screws, rubbish, vacuum cleaners, a rivet gun. Since violations were uncovered, Lockheed has tightened up its inspections to FAA's satisfaction.

PAY HIKES to unions are coming harder in a recession. Employees of Cleveland's Bailey department stores gave up a $3.50 weekly raise they had coming, took $1 instead after the store indicated bigger increase would cost 54 jobs. Steelworkers decided not to press arbitration for a 3-c--an-hour cost-of-living hike.

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