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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 (AP) — An inmate at a federal jail in New York City has tested positive for coronavirus, marking the first confirmed case in the federal prison system. The federal Bureau of Prisons says the man is housed at the Metropolitan Detention Center in Brooklyn and complained of chest pains on Thursday, a few days after he arrived at the facility. Officials say he was taken to a local hospital and was tested for COVID-19. The inmate was discharged from the hospital on Friday and returned to the jail, where he was immediately placed in isolation. The Bureau of Prisons learned Saturday he had tested positive for COVID-19. 638

WARNING: This story contains content that is graphic in nature.LAND O' LAKES, Fla. -- A Pasco County, Florida deputy has been fired after he was arrested for touching a woman against her will and placing semen on her. Joseph Mercado, 25, has been charged with battery. The Pasco County Sheriff's Office has confirmed Mercado was terminated after he was arrested on February 28. Mercado and the victim were "NOT involved in an ongoing dating relationship at the time of this incident," according to the arrest affidavit.On February 15, 2018, while Mercado was off-duty, he arrived at the victim's home and told the victim they needed to discuss a "serious incident" that he witnessed. The victim met Mercado outside in the driveway and repeatedly asked him to leave. According to arrest documents, Mercado masturbated in front of the woman. She repeatedly told him to leave. Mercado then used his finger to place semen on the victim's breast, above the neckline of her shirt and then attempted to place it on the victim's lips, prior to her pulling away, according to the arrest affidavit. The victim continued to ask Mercado to leave and she went into her home until he left the property.Mercado was arrested on February 28th without incident.The Sheriff released a statement about the incident: "The Pasco Sheriff's Office ensures discipline is paramount in our organization. The allegations were investigated, he was arrested and terminated." 1482

WASHINGTON (AP) — Government scientists have classified 18 U.S. volcanoes as "very high threat" because of what's been happening inside them and how close they are to people.The U.S. Geological Survey has updated its volcano threat assessments for the first time since 2005. The danger list is topped by Hawaii's Kilauea , which has been erupting this year. The others in the top five are Mount St. Helens and Mount Rainier in Washington, Alaska's Redoubt Volcano and California's Mount Shasta ."This report may come as a surprise to many, but not to volcanologists," said Concord University volcano expert Janine Krippner. "The USA is one of the most active countries in the world when it comes to volcanic activity," she said, noting there have been 120 eruptions in U.S. volcanoes since 1980.RELATED: Hawaii's Kilauea could send 10-ton boulders half-mile into the airEleven of the 18 very high threat volcanoes are in Oregon, Washington and California.Government scientists use various factors to compute an overall threat score for each of the 161 young active volcanoes in the nation. The score is based on the type of volcano, how explosive it can be, how recently it has been active, how frequently it erupts, if there has been seismic activity, how many people live nearby, if evacuations have happened in the past and if eruptions disrupt air traffic.They are then sorted into five threat levels, ranging from very low to very high.RELATED: West Coast quake warning system now operational, with limitsDenison University volcanologist Erik Klemetti said the United States is "sorely deficient in monitoring" for many of the so-called Big 18."Many of the volcanoes in the Cascades of Oregon and Washington have few, if any, direct monitoring beyond one or two seismometers," Klemetti said in an email. "Once you move down into the high and moderate threat (volcanoes), it gets even dicier."The USGS said a dozen volcanoes have jumped in threat level since 2005. Twenty others dropped in threat level.RELATED: State's next big earthquake could be in SoCalThreat scores — and levels — change because of better information about the volcanoes, Klemetti said.Among those where the threat score — but not the threat level — is higher are Alaska's Redoubt, Mount Okmok, Akutan Island and Mount Spurr. Threat scores also rose for Oregon's Newberry Volcano and Wyoming's Yellowstone.None of the Big 18 changed in overall threat levels, even though 11 had overall threat scores dropping.Besides the top 5, the rest of the Big 18 are: Mount Hood, Three Sisters and Crater Lake in Oregon; Akutan Island, Makushin, Mount Spurr and Augustine in Alaska; Lassen and Long Valley in California; Mount Baker and Glacier Peak in Washington; and Mauna Loa in Hawaii. 2836

VISTA, Calif. (CNS) - A 54-year-old Poway man accused of killing a young woman in Carlsbad 33 years ago pleaded not guilty Tuesday to charges of murder and rape.James Charles Kingery faces 33 years to life in state prison if convicted of all charges stemming from the killing of 26-year-old Julia Hernandez-Santiago, according to the San Diego County District Attorney's Office.The victim's body was found on Oct. 10, 1987 on an ivy-covered embankment in the 2100 block of Alga Road, Carlsbad police spokesman Jodee Reyes said.The San Diego County Medical Examiner's Office determined the cause of death was asphyxiation due to strangulation.While a suspect was not identified at the time of the killing, investigators said technological advances eventually led to Kingery's arrest.In March, San Diego County sheriff's deputies arrested a man on narcotics and weapons violations and took a DNA sample from him, as required by law based on his alleged offenses, Reyes said. Then in May, the sheriff's crime lab notified Carlsbad police that DNA samples from the 1987 murder case were a match for Kingery, who was arrested July 22.A suspected motive for the killing has not been disclosed."When a murder goes unsolved, not only is justice delayed, but families are left in turmoil with no closure," District Attorney Summer Stephan said in a statement. "Working with Carlsbad Police Department detectives, who never gave up, our office is bringing a measure of justice to Ms. Hernandez-Santiago's family and giving hope to other victims in unsolved cases."Kingery is being held on million bail. He's due back in court Sept. 4 for a readiness conference. 1662

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