MARKET PULSE-Biofuel Energy, Prana, Nordion, UTi, Cleantech, Momenta
(For more market insights, including options activity, click on ; for the Day Ahead newsletter link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock indexes opened higher on Monday, putting the S&P 500 on track for a second straight advance, ahead of a speech by Federal Reserve Chair Janet Yellen. The Dow Jones industrial average was up 0.56 percent at 16,414.38, the S&P 500 was up 0.58 percent at 1,868.42 and the Nasdaq Composite was up 0.92 percent at 4,193.869.
** BIOFUEL ENERGY CORP, $5.85, +86.31 pct
Hedge fund manager David Einhorn and his affiliates unveiled a plan to take a controlling stake in the ethanol producer.
Einhorn already holds more than 35 percent of Biofuel Energy, mostly through his investment fund, Greenlight Capital Inc, according to a regulatory filing on Friday.
** PRANA BIOTECHNOLOGY LTD, $2.931, -70.27 pct
The company said its experimental drug to treat Alzheimer's disease failed to meet the main goal of a mid-stage study in patients with a mild form of the condition.