Kohl's Corp. fell$. 25 or. 4 percent, to $54.80. Macy's Inc. rose$. 42 or. 8 percent, to $51.96. Nordstrom fell$. 15 or. 2 percent, to $60.90.» Read More
CHICAGO, Aug 6- Archer Daniels Midland Co said on Tuesday it was preparing to pay more than twice as much as previously expected to settle a bribery probe with the U.S. government.
BOGOTA, Aug 6- U.S. coal miner Drummond Co Inc and striking workers in Colombia will resume talks on Tuesday to try to end a work stoppage that stalled about a third of output in the Andean nation, the union said.
Aug 6- CVS Caremark Corp's second-quarter profit rose slightly more than Wall Street expected, as profit growth at the pharmacy benefits management unit outpaced its drugstores. CVS earned $1.12 billion, or 91 cents per share, in the quarter, up from $966 million, or 75 cents per share, a year earlier.
Aug 6- Molson Coors Brewing Co reported a higher quarterly profit on Tuesday, largely because of the acquisition of the company's Central Europe operations in June 2012. Coors, the maker of Coors Light and Blue Moon beers, said second-quarter net income rose to $278.4 million, or $1.51 per share, from $105.1 million, or 57 cents per share, a year earlier.
NEW YORK, Aug 6- Japan's SoftBank Corp said on Tuesday that it has bought an additional 0.73 percent of Sprint Corp's common stock, increasing its stake in the U.S. wireless operator to 79.07 percent.
*Industrial output falls by 5.3 percent, worst since March. *Exports fall for fifth time this year. *Data cloud hopes of economic recovery.
Aug 6- OfficeMax Inc reported weaker-than-expected second-quarter results on Tuesday, hurt by lackluster sales to its corporate customers and regular shoppers.
Aug 6- Dish Network Corp, the second-largest U.S. satellite TV company, posted a net loss in the second quarter as it took a $438 million charge related to satellite acquisitions, and reported a decline in gross pay-TV subscribers. Dish bought hybrid satellite and land-based communications company DBSD North America for about $1.4 billion in 2011..
CHICAGO, Aug 6- Agribusiness company Archer Daniels Midland Co said on Tuesday that quarterly earnings fell as crop supplies tightened in the United States. Revenue for the quarter was $22.54 billion, below Wall Street's expectations for $22.87 billion. The others are Bunge Ltd, Cargill Inc and Louis Dreyfus Corp..
*Former IMF chief economist Raghuram Rajan named new cbank chief. MUMBAI, Aug 6- The rupee fell to a record low on Tuesday, raising prospects for fresh measures to bolster a currency which has tumbled more than 12 percent since the start of May, but later pared its losses after the appointment of a new reform-oriented central bank governor.
*Investors looking for catalysts to spur more gains. *Equities coming off lightest full trading day of 2013. NEW YORK, Aug 6- U.S. stock index futures were nearly flat on Tuesday as investors sought new catalysts to extend a recent rally that has taken index to record highs in recent sessions.
*FTSEurofirst 300 flat, off lows after UK, German data. LONDON, Aug 6- European shares nudged higher on Tuesday as signs of a faster-than-expected recovery in the UK and German economies helped the FTSE 100 and the DAX recoup early losses.
LONDON, Aug 6- Asia- focused bank Standard Chartered took a $1 billion hit on the value of its troubled Korean business on Tuesday, dragging earnings down 16 percent and warning of a slow turnaround in its most difficult market. Standard Chartered has had a hard time in South Korea since buying First Bank in 2005 for $3.3 billion, its largest ever acquisition.
NEW DELHI/ MUMBAI, Aug 6- India named Raghuram Rajan, a prominent former International Monetary Fund chief economist who in 2005 predicted the global financial crisis, to lead its central bank as the country struggles to defend a rupee that hit a record low on Tuesday.
Aug 6- Michael Kors Holdings Ltd's first-quarter net income nearly doubled as the fashion company's sales were helped by the roll-out of shops within department stores and gains in Europe, and the company said sales could rise as much as 32 percent this quarter.
Aug 6- Fashion accessory maker and retailer Fossil Group Inc reported an 18 percent rise in quarterly profit as it sold more to wholesale customers in Europe and Asia. Second-quarter earnings rose to $67.7 million, or $1.15 per share, from $57.3 million, or 92 cents per share, a year earlier.
Aug 6- Emerson Electric Co reported a sharp drop in quarterly profit on Tuesday, hurt by an impairment charge for its embedded computing and power business, and said it was selling a majority stake in the unit for about $300 million.
The drugstore and pharmacy benefits management company earned $1.12 billion, or 91 cents per share, up from $966 million, or 75 cents per share, a year earlier.
*USDA crop ratings for corn, soybeans edge higher. "The USDA's July yield estimates for corn and soybeans at 156.5 bushels per acre and 44.5 bpa respectively, now look achievable," he added. The USDA said good-to-excellent ratings, the highest ranking, for both corn and soybeans rose 1 percentage point to 64 percent as of August 4, beating market forecasts.
ROME, Aug 6- Italy's economy shrank less than expected in the second quarter, adding to signs its longest post-war recession is bottoming out, but a simmering political crisis could yet derail the tentative recovery.