MARKET PULSE-Biofuel Energy, Prana, Nordion, Cleantech, Guanwei Recycling

Mon Mar 31, 2014 1:06pm EDT
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter; for the Morning News Call newsletter, 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 0.87 percent at 16,465.21, the S&P 500 was up 0.89 percent at 1,874.16 and the Nasdaq Composite was up 1.29 percent at 4,209.451.

** BIOFUEL ENERGY CORP, $5.8962, +87.78 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, $2.832, -71.28 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.