Revlon Inc. projects to report a modest increase in sales for 2005 and is undertaking an overhaul of its business to cut about 165 jobs (90 of the 165 jobs are in the U.S.) to reduce costs. The company said it’s operating at a loss so far for 2005 but is expecting to report an operating profit for the fourth quarter. Revlon expects full-year sales for 2005 to increase 3% to $1.33 billion from 2004 sales of $1.3 billion. On an adjusted basis, which doesn’t include interest, taxe...