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Market Wrap - Morning

AAP  |  TUESDAY, 2 MAR 2010
... trade for January, the ABS building approvals for January and ABS data on government spending for December is due out. In company news, Nufarm Ltd will hold an extraordinary general meeting. On Monday, the Australian share market closed higher in a reasonably ...

Attack of the million-dollar virus

MICHELLE BALTAZAR  |  MONDAY, 1 MAR 2010
... Symantec. The clean-up costs can be in the millions, said Scroggie. "The cost could be the data loss, or if it's about a company's online shopfront getting attacked and they have to shut it down, you're talking about loss of revenue streams," he added. ...

IFSA and Deloitte launch Future Leaders award

COMPANY RELEASE  |  MONDAY, 1 MAR 2010
The Investment & Financial Services Association and Deloitte have launched the IFSA/Deloitte Future Leaders Award - encouraging young financial services executives to submit ideas on how to solve some of Australia's toughest economic issues. Sarah Woodhouse ...

Fund managers to tap gov't capital

COMPANY RELEASE  |  MONDAY, 1 MAR 2010
Fund managers around the country are invited to submit applications under the latest round of the Government's venture capital support program, the Innovation Investment Fund (IIF). Opening the latest application round last Friday, innovation minister ...

Russell in hiring spree, Elkins departs

COMPANY RELEASE  |  FRIDAY, 26 FEB 2010
Russell Investments has announced more than 20 new specialist appointments to its Australian team and appointed Steve Schubert as managing director of superannuation, replacing current head Linda Elkins. Among the key appointments is Steve Schubert ...

AMP appoints key insurance personnel

COMPANY RELEASE  |  FRIDAY, 26 FEB 2010
AMP Financial Services has appointed Marcello Bertasso as head of underwriting and Warren Page as chief underwriter in its Personal Wealth Protection team. Bertasso joins Personal Wealth Protection from CommInsure. Before this, Bertasso resided in South ...

Wall Street's $22bn bitter pill

COMPANY RELEASE  |  FRIDAY, 26 FEB 2010
New York City's securities employee bonuses rose 17 per cent to just over $22 billion last year bringing the payments back to pre-2005 levels, according to estimates from the US state's comptroller. Thomas DiNapoli, state comptroller at the office of ...

FPA launches anonymous reporting service

COMPANY RELEASE  |  FRIDAY, 26 FEB 2010
The Financial Planning Association (FPA) has launched its confidential misconduct reporting facility, FPA Confidential. Jo-Anne Bloch, chief executive at the FPA, said the system, which was developed in conjunction with Deloitte Touche Tohmatsu, would ...

Russell ups alternatives exposure

COMPANY RELEASE  |  FRIDAY, 26 FEB 2010
Russell has opened its flagship multi-asset portfolio, the Russell Pooled Superannuation Trust Balanced Opportunities Unit, to three new alternative asset sector funds. According to a press statement from Russell, the move has seen the trust's alternative ...

Super Concepts overhauls website

MICHAEL HOBBS  |  FRIDAY, 26 FEB 2010
... that we provide them," she said. The website also includes a 'navigation wheel' that depicts the suite of services the company provides including deed management, audit and fund establishment. Powell said the self management super fund (SMSF) specialist ...