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Philip Morris Cos.’ Kraft Foods unit said it will sell for undisclosed terms its Log Cabin syrup brand to MBW Foods Inc., owner of Mrs. Butterworth’s syrup. . . . AT&T; Corp. said three top executives resigned to help form OneComm LLC, a local phone company spearheaded by cellular pioneer Craig McCaw. Steve Hooper, president and chief executive of AT&T; Wireless; Wayne Perry, vice chairman of AT&T; Wireless; and Gerard Salemme, vice president of federal government affairs, left to join OneComm. . . . Machine tool giant Giddings & Lewis Inc. rejected a $747-million hostile takeover offer from Harnischfeger Industries Inc. as inadequate, and said it was in talks with others about a possible transaction. . . . The World Trade Organization is backing the U.S. position that Europe’s ban on imports of beef treated with growth hormones violates global free-trade rules, the U.S. Trade Representative’s office said.