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Oil producer, Baytex Energy Corp is expected to acquire oil sands leases in the Cold Lake area of northeast Alberta under a deal worth $120 million.

The company is acquiring the project form an unnamed seller but many believe that the sellers is Koch Oil Sands Operating ULC. The company has agreed to acquire about 46 sections on the project that has an approved thermal project.

A lawyer representing a senior executive has said that there is no evidence that a fraud was committed at Nortel Networks Corp.

Lawyer David Porter said that this indicates that the three senior executives did not commit any fraud while making the financial statements of the company. "There is not a single instance of evidence to suggest the existence of a fraud in this case," the lawyer argued in the final argument of the trail.

Australian Prime Minister Julia Gillard has said that claims by opposition leaders that the Labor's policies have brought an end to the mining boom in the country.

Opposition Leader Tony Abbott said that the slowing resource sector is due to the mining tax that cam into effect this July. The country's central bank, the Reserve Bank yesterday said that the investments in the sector will peak next year at a level that is lower than earlier estimates.

South Korean electronics giant, Posco has launched a bid to acquire steelmaker and iron ore miner Arrium Limited in association with commodities trader Noble Group.

The two companies have launched a bid at 75 cents per share with a combined value of around $1 billion. The value is about 39 per cent premium above closing price on Friday when the shares closed at 54 cents. The board of the Arrium has said that it will not accept the value because it undervalues the shares of the company.

Lt-Gen. (retd) K. S. Brar, who was recently attacked by four bearded tough looking men in London, has described the attack as a "hate crime."

Seventy-eight-year-old Mr. Brar was attacked by pro-Khalistani elements on Tuesday night, when he and his wife Meena were returning from Piccadilly Circus in London.

Speaking to Mail Today in London, he said, "It is a hate crime, my inner strength saved me. Otherwise I wouldn't have survived to talk to you. The intent was clearly to assassinate me."

Dr. Narinder Kapur, a pioneering brain doctor, is staging a five-day hunger strike to protest the "unfair" treatment he and some of his colleagues received from the National Health Service (NHS).

Sixty-two-year-old Dr. Kapur was dismissed from his job at Addenbrooke's Hospital, Cambridge, in 2010 after he pointed to failures of the NHS and raised concerns about poor health services in Britain.