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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 (KGTV) — A driver accused of crossing into wrong-way traffic and killing an Escondido cyclist turned to a witness after the crash and said, “I’m sorry,” before speeding off, according to court testimony Tuesday.Jamison Connor, 41, appeared in a Vista courtroom for a preliminary hearing on several charges. Judge Carlos Armour determined there is enough evidence against Connor to proceed to trial, which was tentatively set for June 2.Connor is accused in the hit-and-run crash that killed 36-year-old Kevin Lentz.RELATED: Suspect accused of hitting, killing Escondido cyclist makes court appearanceFriends mourn bicyclist killed in hit-and-run crashLentz was cycling with a group along La Honda Road north of El Norte Parkway when he was hit head-on Nov. 23, 2019.Officers initially arrested Connor on an unrelated parole warrant for suspected drug and weapons violations, but quickly linked him to the deadly crash.“I feel like the evidence is very, very strong and so that helps me be a little more confident that there will be justice in this,” said Devin Rickey, one of several friends who attended Tuesday’s preliminary hearing.RELATED: Grieving family learns of hit-and-run arrest on Thanksgiving holidayAn Escondido police officer testified at the hearing that after the crash, a witness tried to follow the fleeing sedan. The driver turned to the witness and said, “I’m sorry,” before taking off, Officer Trent Aronson testified. 1453

WASHINGTON (AP) — It's not just audiotapes.Omarosa Manigault Newman has a stash of video, emails, text messages and other documentation supporting the claims in her tell-all book about her time in the Trump White House, a person with direct knowledge of the records told The Associated Press Friday.Manigault Newman has made clear that she plans to continue selectively releasing the pieces of evidence if President Donald Trump and his associates continue to attack her credibility and challenge the claims in her book, "Unhinged." She's already dribbled out audio recordings of conversations, and video clips, texts or email could follow, according to the person who described what Manigault Newman has called a multimedia "treasure trove." The person was not authorized to discuss the issue publicly and asked for anonymity.RELATED: Omarosa releases recording of Lara Trump offering campaign gig"I will not be silenced. I will not be intimidated. I'm not going to be bullied by Donald Trump," the former Trump aide told The Associated Press this week as she seemed to dismiss a threat from Trump's campaign. She spoke to the AP hours after Trump's campaign announced it was filing an arbitration action against her alleging she'd violated a signed agreement with the campaign that prohibits her from disclosing confidential information.She told PBS in a separate interview this week: "I have a significant amount, in fact, a treasure trove, of multimedia backup for everything that's not only in "Unhinged," but everything that I assert about Donald Trump."RELATED: Listen: Omarosa taped call with Trump after she was firedManigault Newman claims Trump officials offered her a job on the campaign as a way of silencing her, after she was fired from the White House. She's accused Trump of being racist and suffering from a mental decline.The White House has countered by branding Manigault Newman as a disgruntled former staffer with credibility issues who is now trying to profit from a book based on false attacks against an individual she has called a mentor and has admired for more than a decade.Trump has also lashed out at Manigault Newman, calling her a "lowlife," ''wacky and deranged" and a "dog."RELATED: Trump calls Omarosa a 'dog' in latest attack on ex-aideSimon & Schuster this week also dismissed threatened legal action from Trump's campaign. A campaign attorney told Simon & Schuster in a letter that "Unhinged" violated Manigault Newman's confidentiality agreement, but the publisher responded that it was acting "well within" its rights."Unhinged" has spent the past few days at No. 2 on Amazon.com's best-seller list, trailing only Rachel Hollis' lifestyle book "Girl, Wash Your Face."Manigault Newman was director of communications for a White House office that networks with various constituency groups until she was fired last December by chief of staff John Kelly, citing "significant integrity issues." Before joining the administration, Manigault Newman handled African-American outreach for Trump's presidential campaign. She has known Trump since 2003, when she became a contestant on Trump's TV show, "The Apprentice."RELATED: Trump campaign suing Omarosa for violating non-disclosure agreementShe has already released several secret audio recordings, including of the meeting in which she was fired by Kelly.In another recording, Trump's daughter-in-law, Lara Trump, is heard offering Manigault Newman ,000 a month - after she was fired from the White House - for a campaign job requiring her to be "positive." Lara Trump is a senior adviser on Trump's re-election campaign.Manigault Newman also alleges that tape exists of Trump using a racial slur while working on "The Apprentice." Trump has denied this, saying on Twitter that "I don't have that word in my vocabulary, and never have. She made it up."___AP National Writer Hillel Italie in New York contributed to this report. 3938

WASHINGTON (AP) — A vehicle collision between U.S. and Russian forces in eastern Syria has left four U.S. troops with concussions. That's according to two U.S. officials who are speaking on condition of anonymity to provide details that haven't been made public yet. It's the most violent skirmish in months between the two forces. One official says Russian vehicles sideswiped a light-armored U.S. military vehicle, injuring four Americans. The official says two Russian helicopters flew above the Americans, and one of the aircraft was within about 70 feet the vehicle. There have been several other recent incidents between the American and Russian troops who all patrol in eastern Syria, but officials describe this one as the most serious. 752

WASHINGTON — President-elect Joe Biden says he’s not worried that President Donald Trump has broken with tradition by not letting him read the ultra-secret daily brief containing the nation’s most sensitive intelligence before inauguration. Biden says he can't make national security decisions yet anyway so he doesn't need it. National security and intelligence experts hope Trump eventually decides to share the so-called President's Daily Brief with Biden. They say U.S. adversaries can take advantage of the country during an American presidential transition and key foreign issues will be bearing down on Biden when he walks in the Oval Office.On Wednesday, Sen. James Lankford, R-Oklahoma, said he would intervene if Biden were still not receiving the daily brief by Friday. Lankford is a member of the Senate Oversight Committee, which is discussing looping Biden in on the briefing."There is no loss from him getting the briefings and to be able to do that," Lankford told radio station KRMG. 1010