If I understand the question right, I think the recommended/supported method would be:
For Menu Bars themselves (i.e. the tabs up top), create new bars with the names and sub-items you want. Then, go to Manage Accounts and change the "Default Menu Bar and Views" to those new bars.
For the items on menu bars, just remove the Menu Bar items that you don't want and create/add new ones to replace the defaults that you want to change.
Hope that helps,
I have already created customized menu bars. Sorry for the misunderstanding, probably the correct question should be, "Can custom menu bars be renamed?". Anyway, thank you very much for the response.
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