Facebook in talks to produce original TV-quality shows: WSJ

Facebook Inc is in talks with Hollywood studios about producing scripted, TV-quality shows, with an aim of launching original programming by late summer, the Wall Street Journal reported on Sunday.

The social networking giant has indicated that it was willing to commit to production budgets as high as $3 million per episode, in meetings with Hollywood talent agencies, the Journal reported, citing people familiar with the matter.

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Investing with 'green' ratings? It's a gray area

Investors betting trillions on ethically-appealing stocks may not be getting all they expect.

Buying into companies based on environmental, social and governance factors, has become a hot trend on Wall Street, spawning a new industry that sells investors company ratings based on those factors and funds dedicated to rated companies.

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Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor

Japan's Takata Corp (7312.T), the firm at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.

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Loeb's Third Point targets 'staid' Nestle for change

Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a stake of more than 1 percent in Switzerland's Nestle SA (NESN.S) and urged the world's largest packaged foods maker to improve its margins, buy back stock and shed non-core businesses.

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Pandora Media's CEO Tim Westergren to step down: Recode

Music streaming service Pandora Media Inc's (P.N) founder and chief executive, Tim Westergren, plans to step down, Recode reported citing people familiar with the company's plans.

The company has not yet selected a replacement for Westergren, who is likely to stay on at Pandora until a new chief executive is in place, Recode reported on Sunday.

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RBS to cut 443 jobs in UK, move many of them to India

British lender Royal Bank of Scotland (RBS.L) is planning to cut 443 jobs dealing with business loans and many of them will move to India, the bank said.

The Edinburgh-based bank said the cuts were part of a restructuring aimed at becoming a smaller bank.

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Italy winds up Veneto banks, deal could cost up to 17 billion euros

Italy began winding up two stricken Veneto-based banks on Sunday in a deal that will see their good assets transferred to Intesa Sanpaolo (ISP.MI) and could cost the state up to 17 billion euros ($19 billion).

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