Business and Finance
AT&T PLANS TO FRANCHISE its name for the first time to wireless and local phone companies, breaking with its tradition of keeping tight control over its network assets. The plan could allow AT&T to hold down its capital spending, saving billions of dollars over several years. The strategy could also help determine whether Vice Chairman Zeglis will win the top job at the telecom giant.</br></br>---</br></br>Clinton asked Congress to toughen the proposed tobacco accord by passing legislation to counter teen smoking by raising cigarette prices by as much as $1.50 a pack over 10 years.</br></br>Philip Morris said its U.S. tobacco chief will retire, as regulatory pressures are forcing the industry to focus on operational issues over marketing.</br></br>---