Business Highlights

___ 'Like bombs': Bankrupt company's air bags still out there Takata Corp. has filed for bankruptcy, brought down by a scandal involving defective air bags blamed for at least 16 deaths.

Nestle, Pandora and Children's Place gain; Arconic slides

Stocks that moved substantially or traded heavily Monday: Nestle SA, up $3.34 to $88.17 News reports said U.S. hedge fund Third Point took a 1 percent stake in the company and will call on it to make changes including selling its stake in L'Oreal.