Daily Dispatches: still a long way to go in Axa bid, says AMP

AMP has reported a 12 per cent rise in net cashflows for the March quarter, driven by improved market conditions and investor sentiment, but warns there is a "long way to go" in its quest for Axa Asia-Pacific Holdings. (The Australian)

Challenger Financial Services has bought Credit Suisse Investments (Australia) for an undisclosed sum. Challenger will acquire Credit Suisse's five credit investment funds, which had total funds under management of $1.5m, and two real estate securities funds with $290m of funds under management. (The Australian)

New ANZ chief information officer Anne Weatherston has poured cold water on those hoping her recent ascendancy to the bank's top technology role will open the door for outsourcing opportunities. (Delimiter)

Fed up with fruitless months searching for a job via employment agencies, three mates hatched a plan to sell themselves in a very public way. After two days standing beside a busy road in the morning peak with signs asking for work, the trio have had more job offers than they had in three months through Centrelink. (News.com.au)