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Austar chief executive John Porter says the current consumer environment is one of the most negative he has ever seen.
Republican leaders in the US House of Representatives, facing a conservative revolt, have abruptly postponed a vote to avert the US debt crisis.
Investor jitters over a potential US sovereign debt default on August 2 unleased a fresh wave of selling on the Australian share market.
Coles has posts a weaker than expected fourth quarter food and liquor sales result amid declining prices and consumer confidence in financial 2011.
Macquarie Group shares plunged despite the investment firm sticking with its forecast of an improved full year net profit.
The largest liquefied natural gas sales agreement ever struck in Australia has been praised as a winner for workers and shareholders.
