May 3- Natural gas company EQT Corp said it would buy some properties in Marcellus and Utica shale fields in Pennsylvania, including 10 wells, from Chesapeake Energy Corp. The transaction, expected to close on May 30, involves 99,000 net acres in southwestern Pennsylvania, including 67,000 acres in Marcellus, EQT said.
**Verizon Communications would like to buy out Vodafone from their Wireless joint venture but will not do so at any cost, its chief executive has told JP Morgan analysts.
*SandRidge shares are down 20 percent this year. *SandRidge reports Q1 results May 7. While natural gas prices have risen from last year's 10- year lows, they remain depressed, adding pressure to SandRidge and peers like Chesapeake Energy Corp and Hess Corp to cut costs and improve well efficiency.
*Canaccord Genuity cuts target price to $26 from $27; rating buy. Reuters Station users, click. 1568. Reuters Station users, click. 4899.
**MERCK& CO INC, $45.95, down 2 pct. **TITAN PHARMACEUTICALS INC, $0.46, down 73 pct. **NEUTRAL TANDEM INC, $4.57, up 53 pct.
**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.
*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.
**MERCK& CO INC, $44.76, down 5 pct. **TITAN PHARMACEUTICALS INC, $0.34, down 80 pct. **NEUTRAL TANDEM INC, $4.12, up 38 pct.
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.
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.
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.
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.
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.
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.
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..
*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.
NEW YORK, May 1- Chesapeake Energy Corp:. *Shares up 3.6 percent in premarket trading after results. ( (New York Treasury Desk; Tel: 223 6300)).
**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.
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.
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.