News&Markets

Heath Ledger home sold offHeath LedgerUS actress Michelle Williams has sold the New York home she shared with her former fiance Heath Ledger for more than $1 million above the asking price.
2GB owner expects sharp fall in profitMacquarie Radio has flagged a 65 per cent fall in half year profit because of several costs, including a contract extension for Alan Jones. Google takes hit on slower growthGoogle says profit in its most recent quarter jumped 41 per cent, but it was below market expectations, as was revenue growth. Low petrol price beats rate cut: FitchLower petrol prices are giving households a bigger boost than a quarter of a percentage point interest rate cut would, Fitch Ratings says.
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Australian market news

12:30 PM
Speculation of an interest rate cut next week, and another fall in the Australian dollar's value, has lifted the share market.
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