ALSO. . .

Philip Morris Cos. Kraft Foods Chief Executive Robert Morrison resigned from the world’s largest food company, effective immediately, and analysts said he might be named chairman of Quaker Oats Co. as early as today. . . . The Internal Revenue Service announced cost-of-living adjustments for individuals contributing to certain tax-favored retirement plans. The annual limit on contributions to 401(k) plans will rise Jan. 1 to $10,000 from $9,500. The limit for similar savings programs, known as 457(b)(2) plans, for employees of state and local governments and tax-exempt groups, will rise to $8,000 from $7,500. The IRS commissioner adjusts the limits annually according to a cost-of-living formula. . . . The gloom that gripped Britain after Princess Diana’s death was a blow to the nation’s retailers, which suffered the biggest monthly drop in consumer spending in more than six years. British government statistics showed that florists, bookshops and record dealers enjoyed windfall sales but that most other merchants were hammered by what economists are now calling the “Diana effect.” It added up to a 1.9% drop in consumer spending from August to September.