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Walmart Takes 77% Stake in Flipkart for $16 Billion

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.

Paul Ausick · 8 years ago

Have Walmart, Flipkart Tied the Knot?

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.

Paul Ausick · 8 years ago

Walmart Sheds UK’s Asda, Looks to India for Growth

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.

Paul Ausick · 8 years ago

Is Sears Disappearing Before Our Eyes?

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…

Paul Ausick · 8 years ago

Will Bed Bath & Beyond Be Put to Sleep?

It seems that things are only getting worse for Bed Bath & Beyond after Standard & Poor’s downgraded its credit rating again.

Chris Lange · 8 years ago

Walmart Unveils Redesigned Website

Walmart is rolling out a redesigned website that it hopes will be more attractive and useful to its customers.

Paul Ausick · 8 years ago

Rite Aid Rises to the Challenge in Q4

After Rite Aid reported its most recent quarterly results before the markets opened on Thursday, shares moved higher.

Chris Lange · 8 years ago