Also. . .

* Royal Dutch/Shell Group, the world’s biggest publicly traded oil company, said it will reorganize its oil production and natural gas units to tighten management’s control of its unprofitable U.S. unit. The moves, which take effect next month, will limit some of the autonomy traditionally enjoyed by executives of Shell Oil Co., the Anglo-Dutch oil group’s U.S. unit that operates independently of its parent company.

* Walgreen Co., the largest U.S. drugstore chain, said it expects to begin selling prescriptions and other merchandise, such as beauty products, via its Web site this fall, as it faces increasing competition from new Internet retailers. Walgreen’s site now lets customers order prescription refills but does not offer full-service ordering or delivery service.

* Los Angeles-based Sizzler International Inc. reported a 61% rise in fiscal fourth-quarter profit to $1.2 million, or 4 cents a share, as same-store sales grew. The U.S. and international restaurant operator said total sales declined 2.9% to $68.1 million, mostly due to declines in foreign exchange rates.

* Woodland Hills-based Panavision Inc. reported a fourth-quarter loss of $305,000, or 4 cents a share, contrasted with net income of $5.5 million, or 29 cents, a year ago. Revenue rose to $53.1 million from $52.2 million.

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