UPDATE 1-Highlights of rising and falling U.S. stocks.

(From CBS Marketwatch (Stories))

Byline: MATTI HUHTANEN

Advancers

American Eagle Outfitters Inc. raised the company's dividend by 50% to an annualized rate of 45 cents from 30 cents. The Warrandale, Penn., apparel retailer said it will pay a quarterly dividend of 11.25 cents on July 7 to shareholders of record June 26.

Bayer AG and Merck KGaA ended their high-stakes poker game over control of German drug manufacturer Schering AG , with Bayer agreeing to pay Merck $4.6 billion to gain the necessary control over the maker of birth-control and cancer drugs. See full story.

Boeing Co. shares surged after the company reported fresh orders for its latest passenger plane, the 787 Dreamliner, from Singapore Airlines. Boeing was also upgraded by Goldman Sachs. See full story.

Shares of Casey's General Stores Inc. jumped after the convenience store operator posted a 42% jump in quarterly profit. The Ankeny, Iowa-based retailer late Tuesday raised its dividend and said for the current fiscal year it plans to buy 50 stores and build 10 new ones, boost same-store grocery and merchandise sales…