ABC for iPhone – This is a great one. It’s got “The News in 90 Seconds”, streaming live radio of all ABC’s flagship channels and programs plus more. Free and important! http://itunes.apple.com/au/app/australian-broadcasting-corporation/id306583229?mt=8
Fox News – Amusing! Free also, a concentrated dose of conservative America right to your iPhone. Bearable only in small amounts.
TIME Mobile – A decent amount of free material from the folks at TIME.
Bloomberg – If you care about the markets, this free app is pretty good. I’m sure there are other, better, finance apps out there for a price.