Business notebook

Honoree: Harvard University economist Martin Feldstein will receive the 2007 Bradley Prize for Outstanding Achievement from the Lynde and Harry Bradley Foundation, a private, independent grant-making organization focused on American democratic capitalism.

Different call: Westford voice-over-Internet-protocol infrastructure supplier Sonus Networks Inc. said chief marketing officer Steve Edwards will step down at the end of the month to pursue other opportunities.

Warning: Chelmsford networking product company Sycamore Networks Inc. said the Nasdaq Stock Market warned that it faces delisting over a failure to file its financial results on time. Sycamore is conducting an internal review of its stock options grant practices.

Net link: CBS Corp. will supply highlights of the men's NCAA basketball tournament to YouTube.com to boost ad sales from the championship series.

Failed to score: SABMiller PLC, the world's sixth-largest brewer, will run new ads for Miller Lite beer after commercials featuring former Pittsburgh Steelers running back Jerome Bettis (above left) and Burt Reynolds, among others, failed to spur US sales. The new ads compare Miller Lite directly with rival brands including Anheuser-Busch Cos.' Bud Light.

New titles: Chelmsford software company Datawatch Corp. named Kenneth Bero chief operating officer and senior vice president of sales. John Kitchen was named chief marketing officer and senior vice president.

Bottle recycling: Cadbury Schweppes PLC, the world's biggest candy maker, said it will sell or spin off its North American beverage unit that makes Snapple, Dr Pepper, and 7 Up, bowing to pressure from investors including billionaire Nelson Peltz, who sold Snapple to Cadbury seven years ago for $1.5 billion.

Avoiding damages: State Farm Fire and Casualty Co. avoided a potential multimillion dollar punitive damages award by settling out of court with a Biloxi homeowner who sued the insurer over Hurricane Katrina destruction.

(Globe staff and wire services)