Chesapeake Energy Corp
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Some of the names on the move ahead of the open.
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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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**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, MasterCard shares down after results. NEW YORK, May 1- U.S. stocks fell on Wednesday, weighed by a slew of economic data that suggested weaker-than-expected growth. Disappointing results from companies including MasterCard and Merck were also weighing on the market.
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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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HOUSTON, May 1- Chesapeake Energy Corp:. *Acting CEO says estimates 2013 funding gap at $3.5 billion. *Exec says company's Utica output is about flat with last month due to.
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Wall Street was set for a slightly lower open on Wednesday, weighed by weak results from Merck and 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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U.S. stock index futures were flat ahead of the outcome of the Federal Reserve's two-day meeting and after the S&P 500 set a fresh all-time high in the previous session.
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NEW YORK, May 1- Wall Street was set for a slightly lower open on Wednesday, weighed by weak results from Merck and as investors waited to hear from the U.S.
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May 1- Chesapeake Energy Corp reported quarterly profit that exceeded Wall Street expectations on Wednesday, helped by a 56 percent increase in crude oil output and higher oil and natural gas prices. First-quarter profit was $15 million, or 2 cents per share, compared with a net loss of $71 million, or 11 cents per share, in the same period a year earlier.
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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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May 1- Canada's main stock index looked set to open slightly lower as investors turn cautious ahead of the outcome of the U.S. *Talisman Energy Inc posted a quarterly loss as the sale of some North Sea assets hurt production but it said it expected significant growth in higher-margin liquids output in the second half of this year and into 2014..
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*To acquire Mississippi lime midstream assets from Chesapeake Energy. *Says will fund the acquisition under existing committed credit facilities. *Source text for Eikon* Further company coverage.
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NEW YORK, May 1- Chesapeake Energy Corp:. *Shares up 3.6 percent in premarket trading after results. ( (New York Treasury Desk; Tel: 223 6300)).
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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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May 1- Chesapeake Energy Corp reported a quarterly profit that topped Wall Street expectations on Wednesday, helped by lower production expenses and higher oil and natural gas prices. Chesapeake said its first-quarter profit was $15 million, or 2 cents per share, compared with a net loss of $71 million, or 11 cents per share, in the same period a year earlier.
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May 1- Chesapeake Energy Corp reported a quarterly profit on Wednesday compared with a year-earlier loss, when the company took a charge related to the value of its hedges. Chesapeake, said its first-quarter profit was $15 million, or 2 cents per share, compared with a net loss of $71 million or 11 cents per share, in the same period a year earlier.
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May 1- Chesapeake Energy Corp reported a quarterly profit on Wednesday compared with a year-earlier loss, when the company took a charge related to the value of its hedges. Chesapeake, said its first-quarter profit was $15 million, or 2 cents per share, compared with a net loss of $71 million or 11 cents per share, in the same period a year earlier.
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Stocks exit April on a new high, and with the promise of continuing easy money policies, investors could be tempted to rethink the "sell in May and go away" strategy of recent years.
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April 30- Gerson Lehrman Group, the country's largest expert network firm, has hired a U.S. Securities and Exchange Commission enforcement attorney to serve as its chief compliance counsel, the company confirmed on Tuesday.
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NEW YORK, April 30- Chesapeake Energy Corp and Bank of New York Mellon concluded an expedited trial on Tuesday over the energy company's effort to redeem $1.3 billion notes at par. Chesapeake, which faces a projected $3 billion cash shortfall this year, sued Bank of New York, the trustee for the bonds, on March 8.