PHILIP MORRIS REVAMP COULD CUT STORE COSTS

NEW YORK -- A major restructuring plan at Philip Morris Cos. here could mean lower prices to retailers, according to securities analysts who follow the tobacco and food giant.Philip Morris counts Marlboro and Virginia Slims cigarettes, Miller beer, Post Cereals, Oscar Mayer meats, Entenmann's cakes, Lender's bagels, Budget Gourmet, Jell-O and Kraft jellies and cheeses among its stable of brands. It

NEW YORK -- A major restructuring plan at Philip Morris Cos. here could mean lower prices to retailers, according to securities analysts who follow the tobacco and food giant.

Philip Morris counts Marlboro and Virginia Slims cigarettes, Miller beer, Post Cereals, Oscar Mayer meats, Entenmann's cakes, Lender's bagels, Budget Gourmet, Jell-O and Kraft jellies and cheeses among its stable of brands. It said the restructuring plan, announced late in November, would significantly reduce it

Register to view the full article

Already a member? .