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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

VISTA, Calif. (KGTV) -- Authorities are asking for the public’s help searching for the suspects they say stole ,000 worth of coins and silver from an antique coin shop.Deputies say the burglary happened at the California Numismatic Funding at 9:50 p.m. on April 21.According to deputies, the five suspects broke in through the back door and used crowbars to get through a security gate.RELATED: Four teenagers beaten, stabbed during City Heights robberyThe suspects were able to get away with antique coins and silver valued at roughly ,000.Surveillance video shows the suspects arriving in two separate vehicles before breaking into the back of the business.One of the suspects kept watch while the others burglarized the coin shop.Anyone with information is asked to call the Vista Sheriff’s Station at 760-940-4551 or Crime Stoppers at 888-580-8477. Crime stoppers is offering up to a ,000 reward for information leading to an arrest. 953

WASHINGTON — The Supreme Court has agreed to review a court decision that the NCAA has said blurred “the line between student-athletes and professionals.” A lower court ruling removed caps on education-related money that certain football and basketball players can receive. The case will be argued before the Supreme Court in 2021 with a decision expected before the end of June. The NCAA contends that antitrust law allows its member schools to impose certain restrictions, like on athlete compensation, in an effort to promote competitive equity and have a product for dans that is distinct from professional sports, according to USA Today. The NCAA claims a change to this arrangement would have larger implications on professional level sports leagues. An appeals court panel in May upheld a lower court ruling barring the NCAA from capping education-related compensation and benefits for student-athletes in Division I football and basketball programs. Such benefits could include cash payments for academic performance. The lower court's ruling said the NCAA could still set limits on compensation not connected to education. The association has revealed proposed rule changes that would allow athletes to make money from their names, images and likeness. Those proposed changes are set to be voted on in January. Division I conferences can still independently set their own rules. 1395

Volunteers from Wasdale mountain rescue team take turns to carry 121lb (55kg) St Bernard dog, Daisy from England's highest peak, Scafell Pike, Sunday July 26, 2020. The mountain rescue team spent nearly five hours rescuing St Bernard dog Daisy, who had collapsed displaying signs of pain in her rear legs and was refusing to move, while descending Scafell Pike. The Wasdale Mountain Rescue team rely on public contributions to their JustGiving.com/wasdalemrt page to fund their mountain safety efforts. (Wasdale Mountain Rescue via AP) 543

VISTA, Calif. (KGTV) - Two Sheriff's deputies are under an internal review after video surfaced of an arrest in the North County this week.A 911 call was made Monday from a woman on Madera Lane, who said she was a domestic violence victim and being held against her will, according to the San Diego Sheriff's Department. Deputies responded and said they ultimately arrested Gerardo Martinez Jr., 23, and 50-year-old Gerardo Martinez Sr.MAP: Track crime happening in your neighborhoodThe younger was booked on charges including false imprisonment, assault with a deadly weapon, and disobeying a court order. SDSO charged Martinez Sr. with obstructing a public officer and removing someone from the lawful custody of a peace officer, though he has bailed out of custody.Video of the arrest, however, soon landed at least two deputies involved with the arrest in hot water.The footage posted on social media showed one of the men being led away in handcuffs before a deputy appears to shove him into a fence. The man's face is slammed into the wooden fence before the deputy leads him away.At the same time, four other deputies hold the second man to the ground, one of them appears to repeatedly strike the man in the head. It isn't clear if the man on the ground was also handcuffed or whether the deputy struck the man with a closed fist or open hand.Two deputies have been placed on administrative assignment, pending an internal investigation, SDSO said Wednesday. Investigators will be looking at body-worn camera and interviews with those involved in the incident."As we continue to gather and evaluate the facts of this case, the internal review might change in scope. This review will be comprehensive and include reviewing body-worn camera (BWC) video, all relevant reports and interviews with involved parties," the SDSO release said. 1925

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