David Jones last night celebrated its 175th birthday at its flagship Elizabeth Street store, Sydney, On Seven event space with a black tie evening attended by a host of media and business figures.

Lowe’s Companies, a joint venture partner with Woolworths in the Masters Home Improvement hardware chain, has reported net earnings of US$540 million for the quarter ended May 3, 2013, a 2.5% increase over the same period a year ago.

Chinese PC maker Lenovo has posted record full-year sales of US$34 billion, an increase of 15% year-on-year, for the full year ended March 31, 2013.

Huawei Australia has posted revenue of $368 million for 2012, its most successful year to date in the local market

Asus' 7-inch tablet, the Fonepad, launched at the Mobile World Congress in February this year, will be available in Australia from early June.