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US STOCKS-Wall St set to dip as earnings season begins

* 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.

IQE says in advanced talks for "significant" acquisition

Jan 8 (Reuters) - British semiconductor materials maker IQE Plc confirmed it was in advanced talks regarding a potential "significant" acquisition, following a report published in the Times on Tuesday. IQE, which has a market value of about 170 million pounds ($273 million), is in the process of raising 17.5 million pounds to fund the possible acquisition, the Times reported. Canaccord Genuity, its broker, is helping IQE sell 70 million new shares at 25 pence each, the newspaper said.
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