Stocks to watch on the Australian stock exchange at noon on Friday:
ARU - ARAFURA RESOURCES - up 0.3 cents, or 3.16 per cent, at 9.8 cents
Rare earths miner Arafura Resources has found more than $400 million in savings by reducing planned capital expenditure at a Northern Territory project.
CCL - COCA-COLA AMATIL - down 9.5 cents, or 0.81 per cent, at $11.695
Victorian Premier Denis Napthine says his government is looking at a plan B to keep SPC Ardmona going after the federal cabinet refused to bail out the fruit and vegetable processor.
FXJ - FAIRFAX MEDIA - steady, at 67 cents
Fairfax Media has appointed Michael Bailey as editor of its business publication BRW.
MYR - MYER - down 1.00 cent, or 0.39 per cent, at $2.56
DJS - DAVID JONES - up 13 cents, or 4.53 per cent, at $3.00
Department store owner Myer says its proposed merger with rival David Jones would have created a business with more than $5 billion in sales.