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Drinks giant announced plans to cut costs by £200m as Chinese sales decline

Diary: P Diddy is acting the part

In "acting" news, Diddy, known to your parents as Puff Daddy, to you and me as P Diddy, and to his acting agent as Sean Combs, has appeared as a guest on US television's Inside The Actors' Studio. The show is an opportunity for actors to discuss their craft without fear of being asked any question more awkward than "What's your motivation?" Greats such as Pacino, De Niro and Jennifer Lopez come here to bask in the adoration of earnest, beard-wearing interviewer James Lipton before an audience of his acting students. The Actor's Studio is the New York drama school known as the home of method acting, and Diddy assured Lipton that he had improvised all of his scenes in the new comedy film Get Him to the Greek – which also stars his fellow renaissance man Russell Brand. "I've always been fascinated with the art of storytelling," Diddy told the rapt assembly of aspiring part-time waiters. The 40-year-old Combs' acting CV is somewhat thinner than his musical one, but does include two whole episodes of CSI: Miami.

'Local boys made good' hope to rescue Palace by end of month

The prospective saviours and owners of Crystal Palace are "high net-worth" individuals but have a "pragmatic" view to club ownership, according to Palace's administrator, Brendan Guilfoyle, who told The Independent yesterday they would not be considering investing in a "risky" sector such as football if they were not committed fans of the club.

Outside Edge (28/03/10)

More apparent American interest in buying into English football, this time from rapsters P-Diddy and Jay-Z. No clue why the former is interested in Crystal Palace, apart from saying he "likes the name". As for Jay-Z, his target is Arsenal, whom he started supporting in the days of Thierry Henry: "Ever since then I've been a big fan of the club," he claims. The artist formerly known as Shawn Carter is now an eminently respectable businessman, but his, ahem, rap sheet includes shooting his brother at the age of 12 and other incidents involving knives and pistols along the way. So the Gunners seem somehow appropriate. If they're not interested there's always Sheffield United, aka the Blades.

Ways to say goodbye

Corinne Bailey Rae's new album is suffused with sorrow over the death of her husband. Vini Reilly has recorded apaean to Factory Records legend Tony Wilson. The pain of bereavement can be heard in music, says Chris Mugan

Ellie Greenwich: Co-writer of such pop classics as ‘Da Doo Ron Ron’, ‘Be My Baby’ and ‘Leader Of The Pack’

The New York songwriter Ellie Greenwich composed some of the best-known, most loved and most covered hits of the Sixties, often with her then husband Jeff Barry and the legendary “Wall Of Sound” producer Phil Spector. This three-way partnership created the enduring pop classics “Da Doo Ron Ron” as well as “And Then He Kissed Me” for the Crystals, “Be My Baby” and “Baby, I Love You” for the Ronettes, and “River Deep, Mountain High” for Ike & Tina Turner – all produced by Spector – and also “Chapel Of Love”, a hit for the Dixie Cups in 1964, and “I Can Hear Music”, a UK Top Ten single for the Beach Boys in 1969.

Business Diary: MBO hits the right note for hip-hop bookseller

Since The Independent broke the story about Hilco's private equity unit seeking to buy Borders UK last week, booksellers have been frantically posting messages on trade websites. One revealed that some of the retailer's staff refer "affectionately" to Philip Downer, the chief executive of Borders UK, as P Diddy, the US hip-hop star. It's fair to say that after Mr Diddy, sorry Downer, unveiled the Hilco-backed management buyout last Thursday, not all the web comments have been complimentary. However, we are sure many bosses of other struggling companies have been called a lot worse by disgruntled employees.

Charles Nevin: Oh for Peter's sake, Mr Doherty

Fiddling with your name is a sure sign of taking yourself too seriously

The Independent Film Forum: 3. Notorious

Our new film forum is your chance to pass judgement on a recent release. Here's a selection of your views on this tale of Nineties hip-hop.

The best quotes of 2008

From declarations of love to the sharpest witticisms – plus plenty of memorable gaffes.

My strange encounter with the world of tantric sex

My husband Phil and I are only recently married, so we're still in the intense stage of our relationship. But when I heard about Diamond Light tantric sex workshop, which claims to transform intimacy, I admit I was intrigued.

Why musicians are developing second careers

The Arctic Monkeys are opening a pub. But then, rock stars have always wanted a second job. By Ladonna Hall and Luke Wallis

The boost or bust factor of celebrity endorsement

Celebrity tie-ins can make or break a product, and it's a lucrative market to tag your name to a brand. But why do firms drop one star, while keeping others. Penny McDonald finds out

Diddy? Or Diddy not? A feud written in blood

The shots that killed Tupac Shakur, hip hop's most revered performer, still reverberate through America's rap fraternity. And now, fresh allegations about the alleged conspiracy to kill him threaten to tarnish the image of the nation's most urbane and wealthy urban music mogul

Johnson pays for diving jibes

The England striker Andrew Johnson believes accusations he is a diver were partly to blame for the ankle injury he suffered last weekend. The Everton forward and his manager David Moyes have been forced to fend off regular jibes about apparent "simulation" in the penalty box and the 25-year-old has made a conscious effort to stay on his feet more recently.

Ellis Cashmore: 'Beyoncé proves that racism is no longer an impediment'

From a lecture by the professor of culture, media and sport at Staffordshire University, delivered at the Celebrity Culture conference at the University of Paisley
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