Almost half of New Zealand businesses consider themselves innovative but Kiwis still trail Australians when it comes to innovation. - Stuff

Any suggestion that Feltex's five directors deliberately hid information from the market by not disclosing it in their interim financial statements to December 31, 2005, is misleading and unfounded, a court heard yesterday. - NZ Herald

Investors have $5.5 billion in KiwiSaver funds, more than double the amount a year ago, with 1000 new members joining every day, according to an investment strategist. - Stuff

Approval by Fonterra's farmers to start share trading among themselves is a defining moment for the co-operative, says chairman Sir Henry van der Heyden. - NZ Herald

Delegat's Group Ltd will increase its holding in Oyster Bay Marlborough Vineyards Ltd to 54.92% under a settlement of long running legal proceedings with Peter Yealands and Peter Yealands Investments Ltd. - TVNZ

Douglas Elmendorf, chief budget cruncher for Congress, got to play the role of bad-news bear before the president's bipartisan fiscal commission on Wednesday. - CNN Money

In the past an almost double-digit percentage increase in the BP share price would have signalled a spectacular oil strike. - Guardian

The European Union has agreed a deal to limit the proportion of bankers' bonuses that can be paid upfront. - BBC

Greenpeace gets a lot of flack for its aggressive, embarrassing campaigns against corporations, but the simple truth is that they often work. - Fast Company

Surfwear company Billabong hopes to smooth waves in North America, taking over Canadian clothing retailer West 49 in a $110.4 million deal. - Sydney Morning Herald
 

Ever since tensions erupted between Google and the Chinese government earlier this year, Beijing has made sure the search engine sat on unsteady ground, unpredictably blocking and then unblocking search results and other Google services within the country. - New York Times