Stocks to watch on the Australian stock exchange at noon on Wednesday:
AGO - ATLAS IRON - in a trading halt, last traded at 12 cents
Ratings agency Standard and Poor's has downgraded Atlas Iron's corporate credit and secured debt ratings to CCC from B-.
ANZ - AUSTRALIA & NEW ZEALAND BANKING GROUP - down 12 cents, or 0.32 per cent, at $36.78
ANZ has successfully appealed against a landmark court ruling that found its $35 late credit card payment fees were illegal.
BHP - BHP BILLITON - up 30.0 cents, or 0.98 per cent, at $30.75
FMG - FORTESCUE METALS GROUP - up 10.0 cents, or 5.57 per cent, at $1.895
RIO - RIO TINTO - up $1.08, or 1.92 per cent, at $57.23
The price of iron ore snapped a seven-day losing streak, with the price of Australia's top export clawing back above $US47 a tonne.
EHL - EMECO - up 1.25 cents, or 11.36 per cent, at 12.25 cents
Earthmoving equipment supplier Emeco is considering a merger offer from its rival, Orionstone.
EVN - EVOLUTION MINING - up 0.5 cents, or 0.55 per cent, at 91 cents
Goldminer Evolution Mining says it will make a voluntary debt repayment of $35 million as a falling Australian dollar helps it generate cash.
LEI - LEIGHTON HOLDINGS - up 33.0 cents, or 1.56 per cent, at $21.48
The sale of construction giant John Holland to Chinese interests has been approved by the federal government.
MYR - MYER - up 4.25 cents, or 3.24 per cent, at $1.3525
Solomon Lew and private equity groups are rumoured to be considering making a takeover move on troubled department store Myer.
PPX - PAPERLINX - shares suspended, last traded at 1.7 cents
Paper supplier PaperlinX has asked that the suspension of its shares from trading on the Australian stock market be extended.