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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

VISTA, Calif. (KGTV) - A six-year-old Vista boy said he was approached by an unknown man in a car Monday night who asked him if he wanted pizza.Erika Bristow said her son was playing on their driveway when the man drove up and tried to get the boy’s attention.“He definitely realized immediately it wasn’t a safe situation,” Bristow said of her son, who ran inside to tell them about it.Her son has special needs and is normally very friendly, according to Bristow. So over the past year, she and her husband have been reinforcing the “stranger danger” lesson. Earlier this week they said the topic was even addressed during their son’s karate class.After his son told them about what happened, Craig Bristow said he ran out to the driveway to look for the car. He said he saw it up the street parked behind some trees before the driver sped back down the road.He said he caught a look at the car and the driver but was too distracted to take down the license plate.“All those thoughts are coming through your mind. It’s like a parent's worst nightmare,” he said.They called the sheriff’s Ddepartment, which sent out patrols, but they could not locate the car. The Bristows described the vehicle as a new, white Honda Civic hatchback with roof racks and a sunroof.The family said they did not get any pictures of the car and so far have not heard from any of their neighbors if the car was captured on surveillance cameras.Erika Bristow said the incident has shattered her sense of safety on their winding, quiet street in Vista.“One hour I’ll just cry. It’s anger. It’s rage. Earlier today, I wanted to punch a wall, I wanted to scream,” she said.Anyone with information is urged to contact the San Diego County Sheriff's Department. 1742

WARREN, Michigan — Police are looking for thieves who stole nine brand new Dodge Ram pickup trucks in a Michigan town.The vehicles were stolen just before 4 a.m. local time Thursday. They were taken from the storage lot at the truck plant in Warren.Police say the trucks were fresh off the assembly line and had not been titled yet.The trucks are worth more than ,000 each. Authorities have not said whether there are suspects or if they have an idea of where the trucks may be.  505

WASHINGTON — The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs. The Labor Department’s report Thursday showed that applications for benefits rose from 711,000 in the previous week. Claims had soared to 6.9 million in March when the pandemic first intensified. Before the pandemic, applications typically hovered about 225,000 a week. The economy’s modest recovery is increasingly at risk, with newly confirmed daily infections in the United States having exploded 80% over the past two weeks to the highest levels on record. 705

VISTA (CNS) - A man who fired a BB gun at an Oceanside business that had put up a sign supporting the Black Lives Matter movement pleaded guilty today to charges of violating civil rights by damaging property and vandalism.Steve Soto, 23, of Carlsbad, is slated to be sentenced Sept. 28 to one year in county jail stemming from the June 4 shooting that shattered a window at Bliss Tea & Treats.Oceanside police Sgt. John McKean said Soto drove by the business, then fired a BB gun out the window of his vehicle.The business had a sign in the window at the time that read: "Black owned, we stand with you," McKean said.The sergeant said surveillance video helped detectives identify the vehicle used in the crime, leading to Soto's arrest on July 15.He also pleaded guilty to an assault charge related to a May 28 incident involving a male victim and a misdemeanor vandalism count related to an unspecified July 4 incident.He was facing a hate crime allegation stemming from the Bliss Tea & Treats shooting and other misdemeanor charges of discharging a BB gun in a grossly negligent manner stemming from unspecified incidents occurring in June and July, but those counts were dismissed as part of the plea agreement. 1232