stocks to watch at close on friday

http://news.ninemsn.com.au/article.aspx?id=8270756

Stocks to watch at close on Friday
16:24 AEST Fri Jul 8 2011

Stocks to watch on the Australian Securities Exchange at close on Friday:

BUG - BUDERIM GINGER LTD - untraded at 10 cents

Lack of supply coupled with high demand has been pushing up prices for ginger and macadamia nuts, says Buderim Ginger chief executive Ron O'Grady.

CXY - COUGAR ENERGY LTD - down 0.1 cents at 1.5 cents

The Queensland government has ordered Cougar Energy to shut down its trial UCG plant near Kingaroy.

LYC - LYNAS CORPORATION LTD - up 17 cents at $2.01

Australia's biggest rare earths company, Lynas, has teamed up with German giant Siemens to produce magnets for use at wind farms.

NWS - NEWS CORPORATION - up 22 cents at $16.77

NWSLV - NEWS CORPORATION NON-VOTING - up 18 cents at $16.25

The public outrage over the phone hacking scandal in Britain has forced David Cameron's government to push back a decision on media baron Rupert Murdoch's bid for pay-TV giant BSkyB until September.

News Corp has announced it will close the 168-year-old News of the World newspaper.

RIO - RIO TINTO LTD - up 80 cents at $84.35

Rio Tinto has appointed British banker John Varley, the former chief executive of Barclays, as a non-executive director

TAN - TANDOU LTD - up two cents at 43 cents

Cotton and grain grower Tandou is forecasting a turnaround in its profitability due to a doubling of income from its expanding water entitlements business.

TWR - TOWER LTD - up three cents at $1.15

New Zealand's only listed insurance company, Tower, says it has completed the purchase of reinsurance cover in the event of another catastrophe in the current financial year

WPG - WPG RESOURCES - up 6.5 cents at 95.5 cents

WPG Resources' shares have shot up after it received South Australian government approval to develop Peculiar Knob, the nation's highest grade undeveloped iron ore deposit.