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NEW YORK (Dow Jones) -- Boeing Co. said Thursday it will record about $1 billion in charges in the second quarter for delays in outfitting surveillance aircraft for Turkey and Australia and to settle charges over obtaining information on a rival's rocket business and contracting scandals. Delays in delivering and flight testing specially outfitted 737-700s, for programs called Wedgetail in Aust ...

NEW YORK (Dow Jones) -- General Mills Corp., the No. 2 U.S. cereal maker, said Thursday that fourth-quarter income fell 52% from a year-ago period that included gains from the sale of assets. General Mills (GIS) , whose brands include Cheerios cereal, Yoplait yogurt and Progresso soups, saw its stock retreat 40 cents to $51.06 when the markets opened. For the most recent quarter, the Minneapol ...

U.S. stocks rallied Thursday morning, as fund managers opted for bargains one day before the end of the second quarter, while most investors assumed the Federal Reserve will lift rates by a quarter point in the afternoon. The Dow Jones Industrial Average (DJI) was up 100 points at 11,069, with 27 of its 30 components in positive territory. The S&P 500 (SPX) was up 11 points at 1,257 and  ...

LONDON (Reuters) - The FTSE 100 extended its gains on Thursday, trading up 1.7 percent at a 3-1/2 week high as banks, miners and energy stocks rushed higher and as Wall Street rallied. By 3:35 p.m., the index of the biggest shares was up 90.6 points at 5,769.2 -- near a session peak of 5,777.2 points. Banks accounted for about a quarter of the move. Miners also featured, with Xstrata (XTA.L: Q ...

U.S. stocks moved higher at Thursday's opening, as fund managers grabbed bargains ahead of the end of the second quarter, amid nearly unanimous expectations that the Federal Reserve will lift rates by a quarter point in the afternoon. The Dow Jones Industrial Average (DJI) was up 50 points at 11,024. The S&P 500 (SPX) was up 7 points at 1,253 and the Nasdaq Composite (RIXF) up 15 points  ...

NEW YORK (Dow Jones) -- Shares of American Greetings Corp. fell sharply Thursday after the nation's largest publicly traded greeting-card maker posted a 42% drop in first-quarter income and said it expects strategic initiatives to pressure profits for the rest of the year. American Greetings (AM) , of Cleveland, saw its stock drop as much as 6.9%, or $1.73, to $23.30 soon after the markets opened ...

European shares climbed on Thursday as stocks tied to commodity prices led risers for a second day, while investors also waited to see if the U.S. Federal Reserve will raise interest rates when it concludes its meeting later in the day. The U.K. FTSE 100 indexgained 1.2% at 5,745, the German DAX Xetra 30 indexincreased 1.1% at 5,518 and the French CAC-40 indexrose 1.2% at 4,832. The pan-Europea ...

U.K. shares looked set to record two straight days of gains on Thursday, with positive sentiment once more prompted by rising commodity-sensitive shares. London's FTSE 100 index rose 0.6%, or 33.40 points, at 5,712, lifted by gaining commodity stocks such as Royal Dutch Shell (RDSA) , Cairn Energyand BP ( BP) , along with miners BHP Billiton (BHP) , Rio Tinto (RTP) and Antofagasta. The gains ...

By David Jones LONDON (Reuters) - Diageo (DGE.L: Quote, Profile, Research) , the world's biggest alcoholic drinks group, said on Thursday it expects to top its sales target in the year just ending, but disappointment it will not beat its profits target sent its shares lower. The British maker of Smirnoff vodka, Johnnie Walker whisky and Guinness beer said it expects an underlying sales rise of 6 percent for its financial year to June 30, while operating profit growth will be in line with its 7 ...

LONDON (Reuters) - The FTSE 100 opened higher on Thursday led by gains in oils and miners, although traders expected a subdued session ahead of a U.S. interest rate decision. Online gaming company PartyGaming (PRTY.L: Quote, Profile, Research) was top gainer, rising 2.2 percent after a report that it is set to unveil plans to expand into sports betting through acquisitions. The Guardian said the move would be funded with a bond issue worth up to 500 million pounds. BP (BP.L: Quote, Profile, R ...