TopNews

Westfield Group, the biggest shopping center owner in the world by market value, said that it will start about $A1 billion of development projects in Australia this year. Westfield also released its quarterly sales figures. The group said that its total sales were reported up by 2% in the quarter ended March 31, 2010.

Lihir Gold announced that it has finally agreed to the renewed takeover bid from Newcrest Mining of Australia. In its latest bid Newcrest offered $A9.5 billion to Lihir. The combination of Lihir and Newcrest would create the fourth biggest gold company in the world valued at $A25 billion.

According to sources Dubai is going to open the 'World's biggest' airport for cargo during the next month. Dubai's second airport has been designed as the world's largest airport. It will be opened next month but for cargo only.

As per officials, it will receive passengers in the next year. Dubai Airport's chief has said that Dubai is going to have the largest airport with each and every facility soon.

Ghulam Nabi Azad, health minister on Tuesday said that after Ketan Desai's arrest by CBI, MCI creditability is under suspicion and government must take appropriate steps to regain its integrity and reliability for regulating medical education in the country. Government has to ensure that this body will be working in a fair and transparent manner.

Azad replied to the calling motion in Rajya Sabha on MCI, that there should be a body like national council for human resources in health which should be responsible for everything.

According to official reports, Ohio Lt. Gov. Lee Fisher won the Democratic primary Tuesday for the U. S. Senate seat held by retiring George Voinovich and will face Republican Rob Portman.

With 75 percent of precincts reporting, Fisher led Secretary of State Jennifer Brunner 54 percent to 46 percent, prompting Brunner to concede.

Poundland Ltd, the largest single price retailer in UK, is reportedly being sold to Warburg Pincus LLC, a private equity firm in US, by Advent International. Warburg Pincus confirmed today that it is going to acquire a majority stake with the management of Poundland.

Though the value of the deal is not disclosed by both the firms, sources close to the deal said it would be worth around £200 million. According to the deal, Jim McCarthy who is currently leading the board will continue his job as chief executive of Poundland.