Walmart announced Wednesday morning that it will pay $16 billion for a 77% stake in India's Flipkart e-commerce business. The deal gives Walmart a leading position in the world's second-most populous country.
Walmart and Flipkart have reportedly agreed on a deal that would give Walmart a 75% stake in India's leading e-commerce firm for an investment of $15 billion.
Walmart has agreed to sell a majority stake in its U.K.-based Asda grocery store chain to Britain's Sainsbury. The U.S. company is focused on investing in an Indian company that promises more growth.
The long saga of the Chipotle Mexican Grill and its food fiascos finally may have seen its worst. In fact, an notable gain in the shares after the earnings report may be signaling something even…
Sears CEO Eddie Lampert's hedge fund has sent a letter to the retailer's board suggesting a sale of the Kenmore brand along with other assets and real estate. And, by the way, his fund…