Almost half the Australian businesses who rate themselves as innovative actually aren't, according to research from Commonwealth Bank.
Amart Sports owner Super Retail Group says all its three divisions, sport, auto and leisure, have performed solidly in the first quarter.
The housing auction clearance rate has hit its highest level since April last year, despite a pickup in the number of auctions held, CoreLogic figures show.
Private health insurer Medibank Private has shifted $170 million of investments in international shares to a tobacco-free fund.
Oil and gas producer Santos has agreed to sell its Victorian gas assets to Cooper Energy for up to $82 million.

Genworth to get new Chinese owners

Chinese conglomerate China Oceanwide has agreed to buy mortgage insurer Genworth's New York-listed parent company for $US2.7 billion ($A3.6 billion).

Yowie posts record quarterly sales

Yowie has delivered record quarterly sales of $US4.9 million, thanks to a new range of chocolate treats.
NSW is still on top of CommSec's quarterly state economy rankings, while WA suffers from the end of the mining construction boom.
Senator Nick Xenophon says it would unforgivable for the government to reject the wholly Australian bid for the large S Kidman & Co cattle properties.
Almost half the Australian businesses who rate themselves as innovative actually aren't, according to research from Commonwealth Bank.
A cross between Coca-Cola and ginger beer is the latest effort from Coca-Cola Amatil as it aims to boost sales of carbonated soft drinks.
Former Commonwealth auditor-general Ian McPhee has praised banks' efforts on reform but says progress on so-called "user-pays" funding for ASIC has been slow.

Qantas warns of industry headwinds

Qantas CEO Alan Joyce has told shareholders the airline is not immune from the aviation industry's challenges despite its improved financial performance.
Santos is forecasting total sales of between 81-83 million barrels of oil equivalent (mmboe) this year, compared to its earlier estimate of 76-83 mmboe.

BHP Billiton chairman to step down

BHP Billiton chairman Jac Nasser will step down after more than 10 years on the company's board, and a global search will be launched to find his successor.

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