Christina Cheddar Berk is assistant managing editor of Enterprise coverage at CNBC Digital. Before joining CNBC, she was a special writer at Dow Jones Newswires and a guest columnist for the Wall Street Journal. Cheddar Berk was part of a team of reporters who received a Society of American Business Editors and Writers award for breaking news coverage. She also has worked as an associate editor for "The World Almanac" and an assistant editor for "Funk & Wagnalls New Encyclopedia."
Industry leaders Philip Morris USA and R.J. Reynolds Tobacco have begun test marketing Swedish-style “snus” products using the names of their leading cigarette brands Marlboro and Camel. Snus, the Swedish word for snuff, is made up of finely shredded tobacco leaves encased in a tea bag-like pouch about the size of a Chiclet.
Third-quarter corporate earnings are expected to show the weakest growth in five years, but a rebound is likely in the fourth quarter.
Options trading is booming as both individual and institutional investors discover a cheap way to play the markets. During the first quarter, options volume rose 27.6%, compared to a 5.2% increase in the stock market volume, according to Options Clearinghouse.
It just might be time to check into some hotel stocks, according to Jon Najarian co-founder of Optionmonster.com. He's seen at lot of activity in the options of big names in the hotel industry. The buzz started last week with Starwood Hotels, but then spilled over to Wyndham Worldwide and Marriott International.
H.J. Heinz Chairman and Chief Executive William Johnson told CNBC that the company has not held talks to sell itself, but he thinks recent market speculation about a potential deal is a reflection of the progress the company has made over the past year.
Coca-Cola said it will buy Vitaminwater maker Glaceau for $4.1 billion in cash, in a move aimed at expanding the Atlanta beverage giant's non-carbonated beverage line.