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Market News

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  1. (Reuters) - A steep fall in Walmart's shares put the skids on the S&P 500 and the Dow's six-day winning streak, but gains in Amazon and technology stocks kept the Nasdaq in positive territory.
  2. (Reuters) - U.S. chipmaker Qualcomm Inc raised its offer to buy NXP Semiconductors NV to $127.50 per share on Tuesday, and said it has the backing of the shareholder group led by hedge fund Elliott Management that opposed its previous proposal.
  3. NEW YORK (Reuters) - U.S. retailer Walmart Inc on Tuesday reported a lower-than-expected quarterly profit and posted a sharp drop in online sales growth during the critical holiday period, sending its shares tumbling more than 9 percent.
  4. (Reuters) - Supermarket operator Albertsons Companies Inc will buy the rest of Rite Aid Corp not being sold to Walgreens Boots Alliance , the latest in a string of drug industry mergers to tackle the threat of Amazon.com Inc .
  5. TORONTO (Reuters) - Thomson Reuters Corp said on Tuesday Chief Executive Officer Jim Smith is in stable condition after an arrhythmia incident on Feb. 12 and is expected to be released from hospital within the next two weeks.
  6. (Reuters) - Guess Inc said on Tuesday its co-founder Paul Marciano will give up his day-to-day responsibilities at the company on an unpaid basis pending the completion of a probe into accusations of improper conduct.
  7. (Reuters) - Home Depot Inc's profit and revenue topped Wall street estimates for the sixth straight quarter as more shoppers visited the No.1 U.S. home improvement chain and, on average, spent more in an improving housing market.
  8. (Reuters) - Xerox Corp shareholders Carl Icahn and Darwin Deason said on Tuesday the U.S. company should seek to sell itself to one of its rivals or a private equity firm.