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Walmart has agreed to buy India's leading online retailer Flipkart, paying billion for a controlling stake of 77%.Flipkart gives Walmart access to a market it has been trying to crack for years. Foreign investment regulations have thus far prevented the Arkansas-based retailer from opening stores in India, restricting it to operating 21 wholesale distribution outlets."India is one of the most attractive retail markets in the world, given its size and growth rate, and our investment is an opportunity to partner with the company that is leading transformation of e-commerce in the market," Walmart CEO Doug McMillon said in a statement.The deal is subject to regulatory approval.SoftBank CEO Masayoshi Son, whose company is one of Flipkart's biggest investors, let news of the deal slip earlier on Wednesday while presenting his company's earnings.SoftBank invested .5 billion in the Bangalore-based company last year. Son said that the sale to Walmart valued SoftBank's stake at billion.Many of Flipkart's other investors will retain stakes in the company, including co-founder Binny Bansal, Chinese tech giant Tencent and Microsoft, Walmart said in a statement. Walmart's interest in investing in the Bangalore-based firm was first reported in 2016, and a deal boosts its firepower in a battle with Amazon in the world's fastest growing major economy.Amazon has long considered India one of its most important overseas markets.Amazon CEO Jeff Bezos has committed to investing at least billion in his company's India business, saying in 2016 that he saw "huge potential" in the country. Amazon has introduced its Prime video and music services in India in its effort to challenge Flipkart, as well as its annual Prime Day blockbuster sale.Flipkart now has an even bigger war chest to fend off Amazon in an e-commerce market that Morgan Stanley estimates will be worth 0 billion by 2026. The Indian firm could also speed up its expansion into groceries, an area that has already pitted Amazon against Walmart in the United States.Amazon may have been trying to spoil Walmart's plans until the very last minute. Indian media reported in early May that it made a counteroffer to buy Flipkart.  2223

WASHINGTON — Vice President Mike Pence and other top officials from President Donald Trump’s campaign are slated to attend a Montana fundraiser this month hosted by a couple who are adherents of the QAnon conspiracy theory, according to an event invitation obtained by The Associated Press and a review of social media postings.Republican National Committee chairwoman Ronna McDaniel and finance chair Todd Ricketts are also slated to attend the event. Also invited is Kimberly Guilfoyle, a former Fox News host and a current GOP fundraiser that is dating the president's son, Donald Trump Jr.The QAnon conspiracy theory centers on the baseless belief that Trump is waging a secret campaign against enemies in the “deep state” and a child sex trafficking ring run by satanic pedophiles and cannibals. Its supporters have been linked to acts of violence, including a June 2018 incident where a supporter blocked traffic on the Hoover Dam bridge.The social media accounts of event hosts Caryn and Michael Borland show they have repeatedly shared QAnon memes, or retweeted posts from QAnon accounts.While many Republican politicians have denounced the conspiracy theory, its followers are becoming more and more entrenched in the party. Several Congressional candidates who have expressed support for the conspiracy have won primary races in deep-red districts in the current election cycle.Trump himself failed to fully denounce the conspiracy during a press conference last month, saying that QAnon was “gaining in popularity” and that its supporters “like me very much.”When asked about the conpsiracy theory last month by a CNN anchor, Pence said he "didn't know anything about that conspiracy.""I don't know anything about that. I've heard about it. We dismiss conspiracy theories around here out of hand," Pence said. 1828

WASATCH COUNTY, Utah -- A Midway woman is thanking her local search and rescuers after they dedicated their own time to find a family heirloom at the bottom of Deer Creek Reservoir.“Here it is!” Lindsay Bowen said as she held up her left hand. “To have it on my finger again felt so good.”Staring at her wedding ring, Bowen is still in disbelief.“I was so shocked, I kind of had just counted it as a loss and, if anything, we were just grabbing at straws trying to find it,” Bowen continued.Rewind two weeks, Bowen and her family were playing on a floating obstacle course at Deer Creek Reservoir.“We were just out there playing and it slipped right off,” Bowen said. “I knew it just dropped, and it was probably 15 to 20 feet deep.”Losing her ring had turned into a real-life treasure hunt.“Someone’s going to find it and take it,” she said.But to Bowen, the ring wasn’t just rich in value, it was rich in sentiment.“I’ve had my ring for 18 years,” said Bowen. “It’s my grandmother’s diamond and my husband designed it, I realized it held all of my babies and I was just so sad it was gone, I didn’t realize how much I loved it.”After her husband made multiple failed attempts to retrieve the heirloom, Bowen turned to a Facebook community group.“If anyone has the equipment, if anyone can go down, I’ll pay you a hundred dollars.”Then, unlikely heroes with Wasatch County Search and Rescue’s dive team saw her post and answered her call for help.“They went out for two hours and dove on their own time. They’re volunteers, and they just dove and dove and they couldn’t find it,” Bowen explained.Still, they didn’t give up hope. Eight days, two dives, an underwater metal detector, and a half dozen search and rescue volunteers later, they found it.“Are you serious!?” Bowen's husband can be heard yelling in a cell phone video of the recovery.“Yeah, we got it!” a rescuer shouted back.The long lost ring was found using a golf ball and a metal detector. The divers dropped the ball in the general area where it was lost, then used the metal detector to find it.“I started crying,” Bowen said. “[The diver] came up and it was on his pinky finger and he was so excited!”Bowen said the divers would not accept her reward. Still, she believes everyone came away with something valuable that day.“They were just happy to help and I was just so happy to be in a community that takes care of each other like that,” Bowen said. “That memory for me, of people doing good and being recognized for good, I think that’s my favorite part.”Bowen said the divers continued to use the metal detector in the water, retrieving a number of Apple Watches and iPhones, which they were able to return to their rightful owners.This story was originally reported by Elle Thomas at KSTU. 2772

VISTA, Calif. (KGTV) -- The suspect deputies say broke into a Vista bike shop and stole more than ,400 worth of merchandise has been arrested.Ronald Gardner of Escondido was arrested on March 28 after deputies served a search warrant at his home.Gardner was arrested and booked into the Vista Detention Facility for burglary, possession of stolen property and possession of a controlled substance.Deputies also say three bicycles and some of the stolen sunglasses and bicycle parts were recovered and given back to the owner of the bike shop.RELATED: Vista bike shop targeted by thieves for the third time in six months?The owner of the “211 Bikes,” Jesse McCormack, found out that his shop had been burglarized after receiving a call from his security company.McCormack said this was the third time in six months the bike shop had been broken into. 874

WASHINGTON — Speaker of the House Nancy Pelosi announced on Twitter Thursday the House and Senate have sent the bipartisan COVID relief bill to President Donald Trump to sign. The announcement comes after efforts to quickly increase direct payments from 0 to ,000 in the stimulus bill initially seemed to have failed to move forward Thursday. In a tweet, Pelosi stated, "The bipartisan COVID relief & omnibus bill has been enrolled. The House & Senate are now sending this important legislation #ForThePeople to the White House for the President’s signature. We urge him to sign this bill into law to give immediate relief to hard-working families!"Earlier Thursday, Pelosi issued a statement that the House will be back in session on Monday, "where we will hold a recorded vote on our stand-alone bill to increase economic impact payments to ,000."After months of negotiations, Congress agreed on and passed nearly a trillion dollars in relief aid Monday. The package includes up to 0 payments to individuals, in addition to supplemental jobless benefits, help for small businesses and a moratorium on evictions.The relief package was also attached to the overall .4 trillion government funding bill, which included federal spending and priorities for the next fiscal year across all departments and agencies.President Donald Trump, who had not personally been involved in the negotiations but rather had surrogates from the administration participate, tweeted a video Tuesday in which he indicated he may not sign the bill and called for larger checks to Americans, around ,000. The bill has not been signed yet. Democrats supported the president’s call, and moved quickly to increase the direct payments to ,000 in order to secure the president’s signature and pass the relief package into law.The House tried to pass the larger payments addendum during a pro forma session, which is a brief meeting of the chamber where typically only a few members attend. Democrats had hoped to approve the measure by unanimous consent. That did not happen, according to The Hill and CNBC.House Majority Leader Steny Hoyer sought to pass the measure, while Representative Rob Wittman wanted to bring up a competing measure, according to The Hill. The representative presiding over the session Thursday morning shot down both requests, saying that according to guidelines, legislation cannot be considered by unanimous consent unless there is the approval of bipartisan leadership. The Republican House leader Kevin McCarthy said the effort was to "re-examine how we spend taxpayer dollars on foreign aid - as President @realDonaldTrump called for." He then thanked Rep. Wittman for "representing Republicans" in the "fight for the American people." 2769