Daily Dispatches: tough times for junior job seekers

A year ago, accounting and mining engineering students would be fielding two or three job offers halfway through their final year. Now, they can't afford to be choosy, and count themselves lucky to get a single offer. (Daily Telegraph)

Three days after lifting interest rates to combat spiralling costs, CBA is throwing a lavish party at Sydney's premier hotel for 800 head office staff. (Herald Sun)

Merrill Lynch may have breached Australian Securities Exchange rules by trading in futures contracts on behalf of Sydney investor David Waterhouse without his consent. (The Australian)

China Investment Corp is pumping money into global industrial property fund Goodman Group. (Sydney Morning Herald)

Financial advisers are facing a near-doubling of their professional indemnity premiums, higher excesses and a ban on the cover for certain types of products because of a surge in negligence claims and the collapse of companies such as Storm Financial. (Australian Financial Review)

Private equity managers under threat. (Money Management)