Wal-Mart's 91% Tax Burden, Islamic State Bombing: Saturday Wrap

  • Rousseff counting on VP's support against impeachment
  • Tegna deal averts local channel blackout for DirecTV customers

Here are highlights of the top breaking stories from around the world on Saturday:

The U.S.-led coalition against Islamic State last month dropped the most bombs so far in its 16-month campaign in Iraq and Syria, according to new Air Force data that will be publicly released next week.

Wal-Mart Stores Inc. sued financially ailing Puerto Rico over an increase in an import tax that the retailer said would now take 91 percent of its profits on the island.

Brazil President Dilma Rousseff said the impeachment request filed against her has no valid basis to move forward, and she expects full support from Vice President Michel Temer. Temer, who is also the president of the largest party in Congress, will be a deciding factor in proceedings against Rousseff, who is accused of illegally financing her re-election campaign and using questionable accounting practices to hide a budget deficit.

Tensions between Turkey and Russia deepened as each detained several of the other’s cargo vessels at ports for alleged maritime safety violations.

Orbital ATK, for the third day in a row, had to scrub its planned return to commercial spaceflight to supply the International Space Station because of unfavorable weather. It will try again Sunday.

Chuck Williams, who founded cookware retailer Williams-Sonoma Inc. in 1956 and helped spur a gourmet revolution in American kitchens, died at age 100.

Tegna Inc., the former broadcasting unit of Gannett Co., agreed to continue providing customers of AT&T Inc.’s DirecTV and U-verse access to 46 local channels in the U.S., ending the threat of a blackout.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE