Profile of the Week
Philip Morris Cos. stock, mired near 52-week lows in mid-March, posted a double-digit gain. PM is widely expected to be a formidable bidder in the auction to buy prized food marketer Nabisco Holdings. The names of other food industry giants, most recently Groupe Danone and Cadbury-Schweppes, have also been mentioned as being in the hunt for Nabisco. Separately, PM named a new CEO for its Kraft Foods unit (see story on Page 6). In trading Friday, Philip Morris closed at $27.50, up 13.11% for the week.