Biofuel Energy announced that it has reduced staffing at its Fairmont, Minnesota ethanol facility, resulting in the elimination of approximately forty full-time positions. The plant ceased ethanol production in September of 2012, and will continue to operate its adjacent grain storage facility with its remaining employees. The company now expects the Fairmont plant to remain idle until this year's harvest season. The company reported that its second plant in Wood River, Nebraska continues normal operations with full staffing.
Stocks fell at the open on Friday, putting Wall Street on track for its first weekly decline since mid April, amid …