BUSINESS

Toyota Australia is set to announce its second round of recall in a week’s time following the car manufacturer’s detection of a fault with a number of its Lexus and Land Cruiser model.

BA Merrill Lynch has initiated coverage on PanAust with a Buy rating, attracted to the combination of leverage to copper prices and production growth going forward.

Motorola announced on Thursday that the company would be divided into two separate entities by next year, with one division focusing on handset developments and the other training its attention on professional safety equipments.

Storm Financial investors who saw their savings wiped out as the Townsville-based financial services group collapsed in 2008 are set to file a class suit against the Commonwealth Bank of Australia (CBA) in the Federal Court this Friday.

Big miner Xstrata will resume a key project that it postponed after former Prime Minister Kevin Rudd proposed the troublesome resources super-profits tax.

Household goods retailer Harvey Norman will acquire most of the branches of its falling competitor Clive Peeters for $55 million. Clive Peeters receiver and manager Phil Carter announced this morning that details are still being finalised, with the number and location of the stores to be disclosed next week.

International passenger traffic on Australia’s airports saw a sluggish growth in April as fresh government figures showed that a total of 2.059 travellers passed through in and out of the country in the month, which is a 4.2 percent improvement from the 1.976 million posted on the same corresponding month last year.

A brief look at important company events and economic data releases next week.

Following the news of a revamped mining tax, a lobby for smaller mining companies argued that the federal government's decision was shaped out with the big three miners at the expense of others.

Global miners were encouraged by Gillard's announcement of a revamped resource super-profits tax, which has previously infuriated the industry in its original state.

U.S. stocks fell Thursday, with Bank of America, General Electric and Intel among the decliners, as disappointing data on the U.S. housing and job markets sparked concerns over the pace of the economic recovery.

This morning's dramatic changes made by the government to the RSPT is a huge win for Australia's biggest industry and should go a long way to easing the markets concerns.

The Australian currency opened higher this morning as data signalling a slack off in the US economic recovery undermined the American dollar.

Has global manufacturing growth "rolled over" and is now heading for a slowdown?Despite an improvement in Japan's Tankan...

Has global manufacturing growth "rolled over" and is now heading for a slowdown?Despite an improvement in Japan's Tankan...

Mixed messages from May's retail sales and building approvals.Building approvals fell 6.6% in May compared with a flat r...

Depending on your point of view, Australian retailing has lost or gained a competitive force with the South African-cont...

Dave Rosenberg is one of North America's better known economists. He works for the wealth management firm. Gluskin Sheff...

AGL Energy Ltd has gone on the takeover trail with a surprise play for small oil and gas explorer Mosaic Oil NL.AGL sai...

The Australian government and the miners and energy companies have reached an agreement on a new tax regime.

Wall Street staged a mid-session turnaround from its depths last night as a successful Spanish bond auction sparked short-covering and a big sell-off in gold. Dow down 41.

The Queensland government is seeking a new contract with Chinese aluminium producer Chalco, but may exclude a bauxite mine, which was part of the original deal.

Metal producers welcomed the possibility that they may be exempted from the Gillard government's modified resource super-profits tax, arguing that they deserved to be treated differently to bulk commodities coal and iron ore.

Australian Prime Minister Julia Gillard will hold a news conference in Canberra early Friday to announce a deal between the government and big miners has been struck, ending a dispute that removed her predecessor from office.

A recent GfK Roper "Gut Check" survey*, sponsored by Align, showed some common misconceptions about the digestive system. The U.S. national online survey was conducted to find out how people feel about their digestive system and what actions they take to keep it functioning normally.Survey results a...

For the first time in the Royal Queensland Wine Show's 133year history a trophy for the best gold medal winning Queensland wine made and produced in Queensland by a Queensland winery has been awarded to Ballandean Estate Wines Gen 3 Shiraz 2007 at the 2010 Royal Queensland Wine & Food Show Award...

FNArena editor Rudi Filapek-Vandyck was one of three guests in BoardRoomRadio's Friday Roundtable discussion.

Australian banking major CBA will have a class action law suit filed against it by investors who lost their money during the collapse of Storm Financial.The class action law suit will be filed today on behalf of former Storm investors who are not satisfied with the already agreed compensation deal. ...

Australian lenders have begun the process of securitising their asset backed debt into US dollar denominated securities, which may have the impact of boosting competition in the market for mortgage lending.Over the last week Macquarie Group and Members Equity have both begun selling US dollar denomi...