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Some of the names on the move ahead of the open.
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NEW YORK-- A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:. Fortegra Financial Corp. fell 7.8 percent to $7.19. SandRidge Mississippian Trust I fell 5.5 percent to $12.97.
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**MERCK& CO INC, $45.95, down 2 pct. **TITAN PHARMACEUTICALS INC, $0.46, down 73 pct. **NEUTRAL TANDEM INC, $4.57, up 53 pct.
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CHICAGO, May 1- If you're strapped for cash or have a poor credit rating, the offer would sound tempting: upfront cash in return for your future pension payments. But it's a debt trap, according to a recent expose by The New York Times, a "pension advance" loan charging sky-high interest rates.
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**MERCK& CO INC, $44.76, down 5 pct. **TITAN PHARMACEUTICALS INC, $0.34, down 80 pct. U.S. health regulators rejected an experimental drug to treat opioid addiction made by Titan Pharmaceuticals and asked for additional data showing it works, the company said.
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**MERCK& CO INC, $44.76, down 5 pct. **TITAN PHARMACEUTICALS INC, $0.34, down 80 pct. **NEUTRAL TANDEM INC, $4.12, up 38 pct.
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*Topeka raises target price to $15 from $13; rating hold. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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*Stifel raises target price to $19 from $17; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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Wall Street was set for a flat open on Wednesday as investors waited to hear from the U.S. **MERCK& CO INC, Tuesday close $47, down 5 pct premarket. **CHESAPEAKE ENERGY CORP, Tuesday close $19.54, up 5 pct premarket.
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*SunTrust Robinson raises price target to $20 from $18; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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**MERCK& CO INC, Tuesday close $47, down 3 pct premarket. **CHESAPEAKE ENERGY CORP, Tuesday close $19.54, up 4 pct premarket. **GENWORTH FINANCIAL INC, Tuesday close $10.03, up 5 pct premarket.
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*Needham raises price target to $20 from $15; rating buy. For a summary of rating and price target changes on U.S. companies: Reuters Eikon users, click on RCH/US Reuters 3000 Xtra users, double-click RCH/US Reuters Station users, click. 1568.
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*RBC raises target price to $15 from $11; rating sector perform. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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*JP Morgan raises target price to $13 from $8; rating neutral. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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*Canaccord Genuity raises target price to $16 from $11; rating hold. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
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Check out which companies are making headlines after the bell Tuesday:
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A new survey finds Boomers' fears about finances have abated, with nearly a quarter of them feeling more secure than they did 12 months ago.
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President Barack Obama's State of the Union speech Tuesday could drive market focus straight to the next skirmish in the budget and deficit battle with Congress, depending on his tone.
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Decent rates are not a thing of the past, thanks to a group dedicated to giving local banks an even chance against the big boys.
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With the help of the private equity firm Silver Lake and Microsoft, Michael S. Dell, the founder and chief executive, is buying back his computer company. And that is cause for concern.
