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AOL: BACK ONLINERough ride for America Online: Its stock took a pounding on July 8, dropping from 41 1/8 to 38 on news that AOL had reached a tentative settlement in 11 class actions over its pricing practices. The deal, which needs court approval, requires AOL to offer free hours of service or pay the dollar value of those hours to current and former members. But a closer look at the terms encouraged investors, who pushed AOL to 40 on July 9: Estimates put the deal's costs for AOL at just $10 million. EDITED BY KELLEY HOLLAND
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Updated June 14, 1997 by bwwebmaster
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