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Many American parents and teenagers believe a top-flight university degree is a necessary ticket to success. A new book tries to calm them down. The sentiment is comforting, but the statistics don’t quite support the meritocratic message. The Ivy League still gives a big edge.

Germanwings tragedy requires industry response

The crash has drawn attention to less evident aspects of flight safety – possible risks posed by crew rather than passengers. That raises questions about procedures at parent Lufthansa and all airlines. But safety is an iterative process that innovates for unforeseen situations.

India's boardroom diversity drive has weird result

Companies have met demands they dilute male dominance by installing wives and stepmothers as directors. Some women now sit on as many seven boards. Indian corporate governance needs improving and gender diversity can boost financial returns. But mandating change isn’t the answer.

Buffett-3G juggernaut can keep on truckin'

Kraft Heinz is the third time the Sage of Omaha and the trio behind AB InBev have joined forces, after swoops on the ketchup maker and Tim Hortons. The partners’ patience, financial firepower and industry experience give them big advantages. Bigger deals may lie down the road.

Rob Cox: Pirelli flirts with joke version of hell

That’s where the chefs are British, the lovers Swiss and the mechanics French. Pirelli risks becoming the corporate equivalent: the management Italian (as in the joke), its owner a Chinese state enterprise, and other partners Russian. Minority investors won’t find it funny.

Bumper European share sales carry risk of excess

Banks have hawked big slugs of EU stock in overnight placings, with 5 bln euros worth offered in three days. For now, underwriters have support from QE-powered strong markets, so they’ll risk losses for the sake of league table kudos. But complacency seems to be creeping in.

ZTE's turnaround not as impressive up close

The Chinese telco equipment maker’s earnings almost doubled in 2014 – an improvement on the losses it was making three years ago. Yet revenue increased just 8 percent. ZTE is banking on smartphones and wearables to drive growth, but users don’t yet seem to be taking the bait.