* Yum shares fall on shrinkage of sales in China * Monsanto stock jumps after strong earnings, raised outlook * Sears says CEO to step down, shares rise * Futures off: Dow 20 pts, S&P 2.5 pts, Nasdaq 1 pt By Rodrigo Campos NEW YORK, Jan 8 (Reuters) - U.S. stocks were set to tick lower at the open on Tuesday as an earnings season expected to show sluggish corporate growth gets under way.

* Social cohesion to be tested as debt strains take toll * Greece under microscope; some worry over Spain * Welfare state cushions pain but long-term cost is high By Alan Wheatley LONDON, Jan 7 (Reuters) - It would be fair to say that U.S. hedge-fund manager Kyle Bass does not expect the explosion in global debt in recent years to turn out well.

Reuters sports schedule at 0001 GMT on Tuesday: - - - - GOLF PGA Tour: Hyundai Tournament of Champions (to 8) Weather-hit 2013 season opener heading for a Tuesday finish With high winds making the Plantation Course unplayable over the first three scheduled days at the Kapalua Resort in Hawaii, organisers aim to play 36 holes on Monday and 18 on Tuesday in a season-opening event cut to 54 holes. (GOLF-PGA/, expect update by 0600 GMT/1 AM ET, 400 words)

Following is a summary of current odd news briefs. Man avoids jail time in $10 million caviar smuggling caper NEW YORK (Reuters) - A man who evaded authorities for 23 years on charges he unlawfully imported more than $10 million worth of caviar into the United States was spared jail time at his sentencing on Monday. Instead, a judge in U.S. District Court in Manhattan imposed a punishment of time already served on Isidoro "Mario" Garbarino, 69, who has been in custody since September 10.