What the other papers say this morning

FINANCIAL TIMES

Morgan Stanley to boost returns
Morgan Stanley’s chief executive wants to use the bank’s excess capital to boost returns for the company’s “long suffering” shareholders. In the strongest signal yet that Morgan Stanley is preparing to hand back more than token sums to shareholders since the financial crisis, James Gorman told a securities industry conference on Thursday that the investment bank was now “capital flush”. Mr Gorman said: “To my mind the much better action is giving it back to the long suffering shareholders.”

Tchenguiz motorway services sale
Robert Tchenguiz, the property tycoon, is close to selling £300m worth of service stations as he continues to dismantle the empire he established before the 2008 financial crisis.

Helium prices balloon
A global shortage of helium, the lighter-than-air gas, has put a stop to the sale of inflatable Mickey Mouse heads at Disneyland in Tokyo, threatened parades during the US Thanksgiving holiday and disrupted university research.

THE TIMES

Rail official to get back to work
The most senior official suspended over the West Coast rail fiasco vowed to fight to clear her name yesterday after a High Court judge adjourned a case she had brought against the Transport Secretary.

Shoppers to pay bills at Tesco
Customers will soon be able to pay their household bills at Tesco. Britain’s biggest grocer is introducing PayPoint terminals to 100 of its Tesco Express convenience stores in the new year.

The Daily Telegraph

Facebook could make own games
Facebook could now develop its own games for its platform as part of a new agreement reached with Zynga. Under the new agreement, Zynga could elect not to use Facebook’s payments mechanism to collect revenue or display Facebook’s ads.

Oil spills likely in Arctic, Shell says
Oil will probably be spilt by companies drilling in the Arctic, Royal Dutch Shell’s executive in charge of the company’s Alaskan operations has admitted.

THE WALL STREET JOURNAL

Duke Energy chief exec to Retire
Duke Energy chief executive Jim Rogers is retiring, and the Duke board will be overhauled in a sweeping settlement with North Carolina regulators over a controversial boardroom coup last summer.

Barclays to challenge energy case
Barclays said yesterday that it would go to US district court to fight fines of nearly $470m for alleged electricity-market manipulation, a rare decision by the subject of such a probe.