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Stocks to watch early on Tuesday

Stocks of interest on the Australian Securities Exchange early on Tuesday

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US stocks retreat on eurozone debt fears

US stocks plunge amid concern on euro zones debt as Spain's borrowing costs hit the level that prompted Ireland, Greece and Portugal to seek help.

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Alesco spurns new $210 million takeover offer

Alesco is urging shareholders to reject a sweetened $210m takeover offer from DuluxGroup, branding it "materially inadequate".

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Petsec forecasts heavy loss

Petsec Energy has forecast a half year loss as high as $US6 million on the back of weak natural gas prices and lower production

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Aussie shares close 1.7% lower on Europe concerns

Australian shares closed 1.7 per cent lower as debt fears resurfaced in Europe.

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Woolworths sales up despite price war

Tough retail conditions did not stop Woolworths sales increasing by 4.7 per cent in the 2012 financial year.

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