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DOW SWOONS: Stocks gave up some ground Friday as interest rates rose and the latest computer-industry earnings failed to impress.

AIRLINE STOCKS FALL: Airline industry stock fell Friday amid speculation that TWA Flight 800 was brought down by a terrorist attack. Although investigators had yet to say what caused the plane to explode Wednesday with 230 people on board, Wall Street was clearly worried that the traveling public would be spooked. Delta Airlines stock fell $2.12{ a share Friday to $72.75 on the New York Stock Exchange, even after reporting stronger-than-expected quarterly earnings. AMR Corp., parent of American Airlines, dropped $3.37{ to $78.75. United Airlines parent UAL Corp. fell $1.50 to $46.25. TWA stock also fell further from the $11.25-a-share level before the explosion. It was down 75 cents Friday at $9.50.

SUNBEAM MOVE HAILED: Sunbeam Corp. stock jumped 49 percent Friday on news the consumer-products concern hired corporate turnaround specialist Albert J. Dunlap as chairman and chief executive. Fort Lauderdale-based Sunbeam is betting on Dunlap's reputation as an aggressive cost-cutter to revive the company, which has been plagued with flat sales and disappointing earnings. Sunbeam stock gained $6.12{ to $18.62{.

"CIRCUIT BREAKERS' UPDATED: The Securities and Exchange Commission agreed to loosen the stock markets' so-called "circuit breakers" aimed at averting panic selling of securities. It's the first time the SEC altered the trading curbs since they were imposed after the October 1987 stock market crash. Under the SEC's action, trading will be halted for 30 minutes instead of an hour when the Dow falls 250 points or more, and trading will be halted for one hour instead of two when the Dow falls 400 points.


ADM SETTLEMENT OKAYED: A federal judge gave final approval to a $45-million settlement of a class-action lawsuit accusing Archer Daniels Midland Co. and competitors of fixing prices for the animal feed supplement lysine. The action came despite the refusal of an ADM executive to testify.

CHRYSLER SETS PRICES: Chrysler Corp. is raising prices for its 1997 cars and light trucks an average of 1.9 percent, or $422, over comparably equipped 1996 models. No. 1 General Motors Corp. announced last month that its price increases also would be relatively low at 1.7 percent. Ford Motor Co., the second-largest automaker, has yet to announce its 1997 prices.

SNAPPLE WOES SPREAD: Another Quaker Oats executive is going the way of the Snapple Lady. The Quaker Oats Co. announced Friday it is realigning management at its troubled Snapple division and that the company's North American beverages division president, Donald Uzzi, had resigned. Uzzi said he left voluntarily but that he did not have a job. Analysts say it was more likely he was forced out, a casualty of Snapple's disappointing sales. Three other Quaker executives have left in recent months amid slow sales for the tea-and-juice business.

Tampa Bay/State

ESSILOR BUYS CHAIN: Essilor of America Inc. said Friday it will buy a Midwestern optical chain for $40-million in cash and notes. The St. Petersburg-based subsidiary of a French eyewear manufacturer said it will keep the name and current operations of Duffens Optical of Topeka, Kan. Essilor said the acquisition furthers its strategy of creating a national network of optical laboratories.

SOUTHTRUST BUYS BANK: Alabama-based SouthTrust Corp. is buying Palmetto's Preferred Bank in a deal worth about $8.8-million. The deal is SouthTrust's third acquisition of a Manatee County bank in the past three years, and the seventh including Sarasota County, said Charles Murphy, president of SouthTrust Bank Suncoast, based in Sarasota.