Stocks to watch on the Australian stock exchange on Monday, Dec 2:
GNC - GRAINCORP - down $2.48, or 22.14 per cent, at $8.72
Treasurer Joe Hockey has blocked an American food giant's bid for GrainCorp, saying the takeover would be against the national interest.
QAN - QANTAS AIRWAYS - down 0.5 cents, or 0.41 per cent, at $1.22
VAH - VIRGIN AUSTRALIA - flat at 39 cents
Virgin Australia has written to the federal government asking that any measures to support Qantas also be offered to Virgin.
RIO - RIO TINTO - up $1.64 cents, or 2.55 per cent, at $66.06
Mining giant Rio Tinto will suspend alumina production at its Gove refinery in the Northern Territory, putting up to 1500 jobs on the chopping block.
VRL - VILLAGE ROADSHOW - up 13 cents, or 1.72 per cent, at $7.70
Australian theme park group Village Roadshow will focus on less developed Asian markets as it scales back its involvement in the United States.
WCB - WARRNAMBOOL CHEESE & BUTTER - down seven cents, or 0.75 per cent, to $9.25
BGA - BEGA CHEESE - down six cents, or 1.27 per cent, at $4.68
Canadian dairy giant Saputo's takeover of Warrnambool Cheese and Butter is moving ahead, with the overseas company now owning more than 9.6 per cent of its target.