Morgan Stanley deal looked good 10 years ago, and is even better now

Customers more likely to pay the costs for lethal California fires than investors

Scrutiny is required when one firm is both buyer and seller

Regulators are serious about a crackdown but any ban is likely to be some way off

Unhappy shareholders are right to resist the purchase of Shire

Investing in crematoria makes sense for funeral services provider

The two are a good match, but the wedding will be expensive

Investors take fright at a plan to scrap charges for basic services

Group must act quickly if fixes to YNAP are necessary

McDonnell would need to identify genuine remedies for low productivity

Single aviation market agreed by 23 countries remains a pipe dream

Flexible contracts add to cost of doing business

A big takeover after weak earnings will not please shareholders

Results may appear unimpressive but there is reason to be cheerful

Investment platform must price its IPO carefully to ensure it is not booted into touch

On the evidence of its recent numbers, the Italian bank has a lot of work to do

Overhaul of business model was well conceived and poorly executed

Private partnerships can have cultural benefits

Revamped and new models should boost the German carmaker’s sales

This may not be the country’s Lehman moment but there are still causes for concern

Research houses have been chasing an elusive quarry as pricing nosedives

No one believes it when chief executives say they have no responsibility for their own pay

Thoma Bravo’s offer would mark the high point for leveraged buyouts this year