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...
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