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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) — President Donald Trump and Homeland Security chief Kirstjen Nielsen never quite clicked personally as the president chafed at her explanations of complicated immigration issues and her inability to bring about massive changes at the U.S.-Mexico border.With Nielsen's departure now considered inevitable, her eventual replacement will find there's no getting around the immigration laws and court challenges that have thwarted the president's hard-line agenda at every turn — even if there's better personal chemistry.The list of potential replacements for Nielsen includes a career lawman, two military officers and former acting U.S. Immigration and Customs Enforcement head Thomas Homan — a tough-talker who echoes Trump's border rhetoric."A good DHS person ought to be able to scare America" about heroin coming over the border and illegal crossings, former Trump campaign adviser Barry Bennett said. "But, the system is so against you legally and structurally."Trump soured on Nielsen in part over frustrations that she has not been able to do more to address what he has called a "crisis" at the U.S.-Mexico border. Trump has seized on statistics about illegal border crossings that have grown on her watch after reaching a record low early in his term. More than 50,000 people were detained at the southwest border in October — the highest monthly total since 2014 and up dramatically from 11,000 in April 2017."It's a tough job. You're someone who has to get good numbers on border crossing. He's always looking for that and it's tough," Bennett said.But illegal border crossings could also be tied to the seasons — some experts argue that more migrants make the dangerous journey through the desert when it's not as hot. And Nielsen has largely carried out the president's wishes, including pushing for funding for his border wall and defending the administration's now-abandoned practice of separating children from parents. She also moved to abandon long-standing regulations that dictate how long children are allowed to be held in immigration detention, and was working to find space to detain all families who cross the border. She limited what public benefits migrants can receive, and last week put regulations in place that circumvent immigration law to deny asylum to anyone caught crossing the border illegally. Nearly everything has been challenged or watered down by the courts."I don't think they're going to get the magic person," said Andrew Selee, president of the Migration Policy Institute, a nonpartisan think tank that studies migration issues. "Nielsen had been fairly hard-line implementing what Trump wants, but she's not willing to skirt around the law to do it."And it's not just about policy.Trump has also told allies that he never fully trusted Nielsen, whom he associated with President George W. Bush, a longtime foe. And he has told those close to him that he feels, at times, that she has stronger loyalty to her mentor — chief of staff John Kelly — than to the president. On occasions when she has tried to explain the complicated legal challenges associated with instituting some of his policies, Trump has exploded, belittling her in front of colleagues and blaming her for not being able to skirt the law.Trump had been expected to dismiss Nielsen as soon as Tuesday as part of a post-midterm elections shakeup that is likely to include a slew of other departures.But her departure has been postponed for now in part because there was no obvious successor, according to two people familiar with the discussions who were not authorized to speak publicly and spoke on condition of anonymity. She has no deputy secretary, and the next in line would be Claire Grady, the undersecretary of homeland security for management.Trump said in an interview with The Daily Caller on Wednesday that he'd make a decision on homeland security "shortly."Potential candidates include U.S. Customs and Border Protection Commissioner Kevin McAleenan, and two military officers — Transportation Security Administration head David Pekoske, formerly of the Coast Guard, and Maj. Gen. Vincent Coglianese, who runs the Marine Corps Installations Command, according to people familiar with the discussions.A Customs official didn't return a call seeking comment. A spokesman for Coglianese said he had not been approached by anyone regarding a position with DHS and was focused on his current job.Pekoske said at an unrelated news conference that Nielsen was a strong leader."I have an outstanding relationship with Secretary Nielsen," he said.Homan is regarded as a top pick, according to people familiar with the discussions. He was nominated by Trump to lead Immigration and Customs Enforcement, but stepped down before he was confirmed, and it's not clear if his nomination would pass the Senate or if he'd even be up for the job. He left in part because he wanted to spend more time with his family."I won't speculate what the president will do," he said on Fox News, but praised Nielsen as a "strong secretary" and said she was succeeding in a difficult job."It's a 24/7/365 job," Homan said. "Fifty percent of America hates you 100 percent of the time, you can't win on this topic because it is so divisive." 5264

VISTA (CNS) - A man who detained two juveniles and took their skateboards in Vista while posing as a sheriff's deputy pleaded guilty Monday to a charge of felony false imprisonment and in a separate case admitted calling in a false report of a bomb threat.Abraham Joseph Nava, 24, will receive credit for jail time served and be placed on three years probation when he is formally sentenced Aug. 27.Nava was arrested June 14, days after the sheriff's department was contacted about a suspect claiming to be an undercover deputy and launched an investigation.During interviews with several employees from businesses in the Main Street area of Vista, investigators learned that the suspect had passed out fake business cards and was interacting with juveniles, said sheriff's Sgt. Jason Scroggins.Investigators also learned that two juveniles were detained by the suspect and had their skateboards taken, he said.After identifying Nava as the suspect, investigators got a warrant to search his home and discovered several pieces of San Diego County Sheriff's Department-specific uniform items, including badges, Scroggins said.A box of fraudulent sheriff's department business cards were also found, according to the sergeant. On June 26, prosecutors charged Nava with calling in a false report of a bomb threat. 1323

VISTA (CNS) - A man and woman were being sought Sunday after the man allegedly rammed and disabled a sheriff's deputy's patrol car while fleeing the scene of a theft at a 7-Eleven store.The theft happened at 2:10 p.m. and someone at the store began following the suspect who was driving a stolen car, according to Lt. William Amavisca of the sheriff's department.Deputies were notified of the theft and caught up to the suspect, who then rammed a deputy's vehicle on East Vista Way, Amavisca said. The deputy's vehicle was disabled. No injuries were reported.The suspect fled the scene and deputies later found the car abandoned and disabled, the lieutenant said. The driver and his female passenger apparently fled the scene on foot.A deputy recognized the man as having a felony arrest warrant, Amavisca said. 819

WASHINGTON (AP) — Nearly 1.2 million laid-off Americans applied for state unemployment benefits last week, evidence that the coronavirus keeps forcing companies to slash jobs just as a critical 0 weekly federal jobless payment has expired. The new jobless claims were down by 249,000 from the previous week after rising for two straight weeks.The Labor Department’s report marked the 20th straight week that at least 1 million people have sought jobless aid. Before the pandemic hit hard in March, the number of Americans seeking unemployment checks had never surpassed 700,000 in a week, not even during the Great Recession of 2007-2009. On Friday, the government is expected to report a sizable job gain for July — 1.6 million. Yet so deeply did employers slash payrolls after the pandemic paralyzed the economy in March that even July’s expected gain would mean that barely 40% of the jobs lost to the coronavirus have been recovered.All told, 16.1 million people are collecting traditional unemployment benefits from their state. 1044

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