TOBACCO

U.S. Subpoenas Philip Morris Execs: Top Philip Morris executives have received subpoenas as part of a federal grand jury criminal investigation about whether the company misled Congress and regulators about the effects of nicotine, sources said. FBI agents delivered subpoenas to Philip Morris Cos. executives as a grand jury in Washington investigates whether tobacco executives lied to Congress about nicotine’s addictiveness, according to a person familiar with the investigation who spoke on condition he wouldn’t be identified. The subpoenas were delivered earlier this week when most of the executives being served were at work at the company’s Richmond, Va.-area plants. There were no further details about the number or identities of executives subpoenaed. It was not known when they were scheduled to testify. A Justice Department spokesman declined comment. Philip Morris attorneys and spokesmen were unavailable Friday, as the cigarette maker was closed for a company holiday.