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Walmart is retreating from Europe, merging its UK supermarket business Asda with bigger rival Sainsbury's.In return, Walmart will receive ￡2.97 billion (.1 billion) in cash and a 42% stake in the combined business, the companies said in a statement on Monday.The deal values Asda at ￡7.3 billion ( billion), and creates a mega retailer with 2,800 stores and combined sales of roughly ￡51 billion ( billion).The sale of Asda follows Walmart's exit from Germany, its other major outpost in Europe, in 2006.Walmart could use the cash to fuel its expansion in other international markets. The US retailer is reportedly close to agreeing to invest in India's Flipkart, an online retailer that has also attracted attention from Amazon."This proposed merger represents a unique and bold opportunity, consistent with our strategy of looking for new ways to drive international growth," Judith McKenna, the CEO of Walmart International, said in a statement.The combination with Asda will give Sainsbury's more firepower as it confronts digital competitors including Amazon and aggressive discount chains, such as Germany's Lidl and Aldi.It also creates a new UK market leader: Sainsbury's and Asda together control over 31% of the grocery market, according to Kantar Worldpanel. The current industry front runner, Tesco, has nearly 28%.Regulators will have a close look at the deal, but the geographical distribution of Sainsbury and Asda stores could limit concerns over reduced competition.Upmarket Sainsbury's is strong in southern England, while Asda, which tends to have larger stores and lower prices, is well represented in the north. Together, the supermarket chains employ 330,000 people.The UK Competition and Markets Authority last year approved Tesco's takeover of wholesaler Booker, saying the deal would not reduce competition in the sector, which is known for its razor-thin margins and frequent price wars. 1929

WASCO, California — Suge Knight has been transferred to Wasco State Prison.According to California Department of Corrections and Rehabilitation, Marion Hugh Knight, also known as 'Suge Knight', was admitted to Wasco State Prison on Tuesday, October 23. Last month, the one-time rap mogul was sentenced to 28 years in prison after pleading no contest to voluntary manslaughter relating to a 2015 hit-and-run.  According to the CDCR, at this time, Knight is eligible for parole in October 2037. 550

VISTA, Calif. (KGTV) - The former NFL player accused of raping a 17-year-old girl while she was unconscious has been bound over for trial. The preliminary hearing is over a 2003 incident in which Winslow Jr. is accused of raping the teen while she was unconscious.Winslow Jr. was 19 years old at the time of the alleged incident, prosecutors said. He pleaded not guilty in the case.RELATED: Kellen Winslow II, the former NFL player accused of rape, kidnapping, ordered to stand trialIn July, the 34-year-old Winslow Jr. was ordered to stand trial in a separate case in which he is accused in the rape and kidnapping of two women -- a 59-year-old and a 54-year-old -- in Encinitas.The son for former Chargers legend Kellen Winslow pleaded not guilty in that case.Winslow Jr. faces life in prison if convicted in the case. 833

WASHINGTON — Leaders in Congress say they have reached a deal on a 0 billion long-awaited COVID-19 relief package, according to multiple reports. The announcement comes Sunday evening, after months of negotiations. "Moments ago, the four leaders of the Senate and the House finalized an agreement. It will be another major rescue package for the American people," Senate Majority Leader Mitch McConnell, R-Ky., announced on the Senate floor.Exact details are not released yet. It is expected to include 0-a-week in supplemental jobless benefits, direct payments of 0 for individuals, more than 0 billion in small business loans and more than billion for schools, as well as billions for help with vaccine distribution. Nothing is final, though, until the final language of the bill is released. The bill's text must be finalized, then given to the House and Senate for a vote. Then it will head to President Donald Trump to sign. Even though lawmakers are moving the process along quickly, it appears unlikely it will be up for a vote in both houses Sunday night. The pandemic relief package is connected to a larger .4 trillion spending package that must get passed by Congress Sunday to keep the government open Monday morning and fund it through September 30, 2021. Congress passed a two-day government funding bill Friday evening to push the shutdown deadline to Sunday night at midnight.The House is preparing to approve a one-day extension of government funding, according to the Washington Post, to allow the COVID-19 relief package to be finalized so both measures can be voted on together either late Sunday or early Monday morning. The possibility of a relief bill deal happened earlier in the day Sunday, after late-night conversations Saturday over a key sticking point about the role of the Federal Reserve.Republican Senator Pat Toomey had pushed a provision late last week to pull back to the role of the central bank’s emergency lending authority, after it was given some abilities with the CARES ACT earlier this year. He wanted to rescind some of the unused funds from the emergency loan program, as well as stop some of the changes to the Fed approved in the CARES Act.Democrats said the provision would tie the hands of President-elect Biden’s administration and limit options for aid in 2021. Senate Minority Leader Chuck Schumer worked with Toomey late into the night Saturday to work out a compromise. "We're getting very close, very close," Schumer told CNN as he left the Capitol, predicting the House and Senate would vote to approve the package SundayAides said Saturday night the two had reached a deal in principle over the provision.The relief bill is not expected to have money for state and local government aid, something Democrats had been pushing for as municipalities experience sharp declines in tax revenues. However, the measure is expected to extend the deadline for using CARES Act funding from earlier this year. The deadline to use that funding without losing it had been the end of the year, now it will reportedly be pushed off for a few more months.There is also expected to be relief for renters in the measure, according to the Washington Post, however no word yet on how that help will be administered. President Trump has not been involved in recent talks about a relief package, and it is not clear how he will respond to the latest deal. 3415

WASHINGTON (AP) — A top federal prosecutor in Manhattan has stepped down from his position after the Trump administration fired him.U.S. Attorney Geoffrey S. Berman of the Southern District of New York said in a statement Saturday that Attorney General William Barr’s decision “to respect the normal operation of law and have Deputy U.S. Attorney Audrey Strauss become Acting U.S. Attorney” led to his decision. He said it would be “effective immediately.” 464

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