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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 (CNS) - An Oceanside man who allegedly fatally struck a pedestrian in a crosswalk while fleeing from another crash was charged Friday with murder, among other charges.Wesley Stuart, 27, was also charged with gross vehicular manslaughter while intoxicated, hit-and-run and drunken driving, and faces 15 years to life in state prison if convicted of all charges stemming from the Tuesday night death of 65-year-old Tran Thanhminh of Oceanside.Police said the initial crash was reported shortly after 10:15 p.m. Tuesday at Douglas Drive and Mission Avenue.RELATED: 65-year-old man killed, driver arrested in Oceanside hit-and-runInvestigators believe Stuart was driving a 2011 Chevrolet Silverado pickup and was speeding eastbound on Mission, ran a red light and collided with a Ford F-150 pickup that was northbound on Douglas, Oceanside police Sgt. Rick Davis said.After the crash, the Chevy driver backed up and headed east on Mission, where he struck Thanhminh in a crosswalk, dragging him about 150 feet down the street, the sergeant said.Thanhminh, who died at the scene, was with his wife at the time, though she was not struck, authorities said.The couple had just closed their restaurant for the day and were walking home when he was hit, according to the San Diego County Medical Examiner's Office, which stated that his wife had already crossed the street when she heard the crash, but did not see her husband when she turned to look into the street.Stuart allegedly continued on Mission before getting out of the pickup at Rancho Del Oro and fleeing on foot with a passenger, Davis said.Officers searched the area with the help of a police helicopter and apprehended the two outside Stuart's home, Oceanside police spokesman Tom Bussey said.Stuart was arrested. The passenger was detained and later released, Davis said.After pleading not guilty to all charges, Stuart will return to court Jan. 2 for a readiness conference. 1947

VISTA, Calif. (KGTV) — Two people were arrested this week after a pursuit took authorities from Valley Center into unincorporated Escondido.San Diego Sheriff's Department says the pursuit began just after 9 p.m. near State route 76 near Pala Mission Rd. after a deputy spotted a stolen truck. When the deputy tried to pull the truck over, the deputy says the drier sped off.The chase reached speeds of 90 miles per hour and lasted about 30 minutes, with deputies from Fallbrook and San Marcos assisting in the chase.A spike strip was used and put an end to the chase near the Mountain Meadows community of unincorporated Escondido, the department said.After hitting the curb, the driver put the truck in reverse and rammed into a Sheriff's patrol car, deputies say.No deputies were hurt.The female driver and male passenger of the truck, identified as Sally Arrellanes and Roy James Duncan, were arrested and charged with felony evading, assault with a deadly weapon likely to result in great bodily injury, vehicle theft, conspiracy to commit crime and possession of a stolen vehicle. 1093

WASHINGTON — Vandalism at four downtown Washington churches after rallies in support of President Donald Trump is exposing rifts among people of faith as the nation confronts bitter post-election political divisions. The houses of worship that were vandalized included two historically Black churches where people ripped down Black Lives Matter banners. Video posted to social media showed one banner being burned, defacement that police say is being investigated as possible hate crimes. Rev. Dr. Ianther Mills, the senior pastor at Asbury United Methodist Church, compared the vandalism of the banners to a cross burning in a statement released on Sunday. On Monday, she said she hoped evangelical Christians condemn the vandalism, but added that she didn't want to make her statements about politics.At the Mount Vernon Place United Methodist Church nearby, a banner with colors supporting LGBTQ rights was slashed by protesters.“People need to denounce it and call it an act of racial violence,” Claycomb Sokol told The Associated Press. “People who have been really quick to be silent need to wrestle with what actually took place on our streets on Saturday, and how silence can actually be a sign of support, of complicity.”The vandalism also raised questions among some pastors and members at the churches about why more fellow Christians were not speaking out against the incidents. 1398

VISTA (CNS) - An Oceanside man who allegedly fatally struck a pedestrian in a crosswalk while fleeing from another crash was charged Friday with murder, among other charges.Wesley Stuart, 27, was also charged with gross vehicular manslaughter while intoxicated, hit-and-run and drunken driving, and faces 15 years to life in state prison if convicted of all charges stemming from the Tuesday night death of 65-year-old Tran Thanhminh of Oceanside.Police said the initial crash was reported shortly after 10:15 p.m. Tuesday at Douglas Drive and Mission Avenue.RELATED: 65-year-old man killed, driver arrested in Oceanside hit-and-runInvestigators believe Stuart was driving a 2011 Chevrolet Silverado pickup and was speeding eastbound on Mission, ran a red light and collided with a Ford F-150 pickup that was northbound on Douglas, Oceanside police Sgt. Rick Davis said.After the crash, the Chevy driver backed up and headed east on Mission, where he struck Thanhminh in a crosswalk, dragging him about 150 feet down the street, the sergeant said.Thanhminh, who died at the scene, was with his wife at the time, though she was not struck, authorities said.The couple had just closed their restaurant for the day and were walking home when he was hit, according to the San Diego County Medical Examiner's Office, which stated that his wife had already crossed the street when she heard the crash, but did not see her husband when she turned to look into the street.Stuart allegedly continued on Mission before getting out of the pickup at Rancho Del Oro and fleeing on foot with a passenger, Davis said.Officers searched the area with the help of a police helicopter and apprehended the two outside Stuart's home, Oceanside police spokesman Tom Bussey said.Stuart was arrested. The passenger was detained and later released, Davis said.After pleading not guilty to all charges, Stuart will return to court Jan. 2 for a readiness conference. 1947