Midday: Shares slightly higher
Aussie shares marginally higher at midday. Shares in Cape Lambert Resources Ltd (ASX:CFE) have risen on the sale of its Lady Annie copper mine to China Sci-Tech Holdings Ltd for $135 million.

CBH Resources Ltd (ASX:CBH) shares enter trading halt pending takeover offer
Shares in CBH Resources Ltd (ASX:CBH) enter a trading halt pending the announcement of the company receiving a takeover offer.

Central Petroleum Ltd (ASX:CTP) hopes to raise $22 million to fund exploration of Amadeus Basin
Central Petroleum Ltd (ASX:CTP) hopes to raise $22 million to fund its exploration of the Northern Territory’s Amadeus Basin.

Pharmaxis Ltd (ASX:PXS) finds asthma drug safe
Pharmaxis Ltd (ASX:PXS) completes phase 2 dose-profiling study with its anti-inflammatory drug, ASM8, in patients with allergic asthma.

Asciano Group (ASX:AIO) pushes for QR break up
Asciano Group (ASX:AIO) expresses support for a break-up of Queensland Rail.

U.S. Options Update
12/03/10 - Daily options update brought to you by optionMONSTER.

Outlook: Aus shares might open slightly higher
The Australian market is expected to open slight higher. Seven Network (ASX:SEV) Director Peter Gammell confident that the WesTrac merger is gaining traction among minority shareholders.

Beach Energy (ASX:BPT) explores biofuels
Beach Energy (ASX:BPT) will investigate the prospect of harvesting oil from huge algae fields in South Australia.

BHP (ASX:BHP) wins Vale support
BHP Billiton (ASX:BHP) appears to be winning support from other miners on how the steel industry buys its raw materials.

Market Wrap: Shares close slightly in the red
Aussie shares close slightly in the red. Cape Lambert Resources Ltd (ASX:CFE) sells its Lady Annie copper mine in Queensland to an undisclosed Asian buyer.