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Australian Wealth Management Acquires Majority Stake in Ord Minnett (AUW.AX, 00841122, 20080512) (Huntleys' Stock of the Week via Yahoo!7 Finance)
Australian Wealth Management announced it has acquired 70% of the Ord Minnett Group in exchange for the issue of 47.6m new AWM shares. JPMorgan retains its existing 30% holding. JPMorgan has extended its long-term product distribution and research partnership with Ord Minnett and AWM. The acquisition is expected to be EPS accretive for AWM (pre-amortisation of intangibles). The parties are ...
   

Hiding a Rootkit In System Management Mode (Slashdot)
Sniper223 notes a PC World article on a new kind of rootkit recently developed by researchers, which will be demoed at Black Hat in August. The rootkit runs in System Management Mode, a longtime feature of x86 architecture that allows for code to run in a locked part of memory. It is said to be harder to detect, potentially, than VM-based rootkits. The article notes that the technique is ...
   

Ground moves under fund management industry (eFinancial News)
A fundamental shift is taking place in the asset management industry. The classic and generally accepted asset allocation model of 60% equities, 35% fixed income and the balance in cash is under serious question. Fund management firms that expect this model to persist could be an endangered species.
   

Kudos in line on inflation management (The Hindu)
Data show that inflation in various CPI measures eased to a range of 6.2-8 per cent in March 2008 from 10.9-12.2 per cent in March 2007. This is definitely a credible achievement in inflation management. Why do the RBI and Government of India refrain from taking credit for it?
   

New coastal zone management rules by end of June (IANS via Yahoo! India News)
Chennai, May 11 (IANS) The government has sought public comments and objections to the draft of its new coastal zone management (CZM) rules and has said the draft will be finalised by the end of June. The new rules will replace the Coastal Regulation Zone rule 1991 that now governs India's 7,600-km-long coastline.
   

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