IBT Staff Reporter

General Motors Co and Nissan Motor Co sales surged in February as incentives drove shoppers to dealerships and outweighed concerns about higher oil prices.

Stocks dropped on Tuesday as investors worried that rising oil prices could choke off the economic recovery, with equities looking to keep taking their lead from oil prices in the near term.

Samsung will announce the device at this month's CTIA Wireless conference.

Some Gmail users were on the wrong side of a misguided software update from Google, causing their accounts to reset.

Charlie Sheen made an unexpected live appearance on CNN's Piers Morgan Tonight, and discussed his recent controversies.

U.S. construction spending fell more than expected in January to its lowest level in five months, a government report showed on Tuesday, pulled down by weak private construction outlays.

Egypt's military leaders will hold a referendum on constitutional change on March 19, a parliamentary election in June and a presidential poll six weeks later, a youth activist said on Monday after meeting them.

South Africa's new energy resource plan, which will determine the country's electricity mix over the next 20 years, will be passed into law by the start of April, a government official said on Tuesday.

ICE cocoa prices hit a fresh 32-year high of $3,706 a tonne in early trading on Tuesday, as fighting intensified in top producer Ivory Coast.

Boosted by the soccer World Cup, South Africa saw a record 15.1 percent increase in tourist arrivals in 2010 although the total of more than 8 million was not an all time-high, the tourism minister said on Tuesday.

Tanzania needs to invest $10 billion a year to improve its infrastructure network and create a healthy climate for the county's economic growth, a continental investment body said on Tuesday.

Morgan Stanley experienced a very sensitive break-in to its network by the same China-based hackers who attacked Google Inc's computers more than a year ago, Bloomberg reported, citing leaked emails from an Internet security company.

Mauritius' trade deficit widened 17.2 percent in 2010 as rising imports outstripped growth in exports, the statistics office said on Tuesday.

Brewer SABMiller is to spend over $100 million to build a new brewery in Africa's second largest beer market Nigeria to take on the country's brewing heavyweights Heineken and Diageo.

Madagascar has detained a dozen suspected Somali pirates after a vessel they hijacked off Tanzania in November ran out of fuel and supplies, a maritime official from the Indian Ocean island said.

An Egyptian judicial panel ruled on Tuesday that a state land sale to Palm Hills Development, Egypt's second biggest listed developer, was illegal and should be scrapped.

Libya's oil installations are undamaged and a cut in the country's oil output was caused by the departure of oil workers, the chairman of Libya's National Oil Corporation said on Tuesday.

Libya could descend into civil war if Muammar Gaddafi refuses to quit, the United States said on Tuesday, its demand for an end to his rule carrying new weight after word of unspecified Western military preparations.

American Airlines parent AMR Corp said it would cut planned capacity growth this year as the industry wrestles with higher oil prices.

Internet campaigns calling for protests against the 31-year rule of President Robert Mugabe on Tuesday did not lead to any mass gatherings in Zimbabwe, where police have threatened to crush any Egypt-style protests.

Chrysler Group LLC has taken the first step to re-enter the U.S. capital markets through filings with the U.S. Securities and Exchange Commission, the automaker's boss, Sergio Marchionne, said on Tuesday.

General Motors Co's sales in its home market surged by 46 percent in February as sales incentives including lease deals and cash offers for existing GM owners drove shoppers to dealerships.

After fumbling the National Anthem at the Super Bowl and tripping on the Grammy stage, TMZ is reporting that the pop star was arrested at 2:45 a.m. for public intoxication.

The head of the Singapore Exchange Ltd drew a line under his $7.7 billion bid for Australian bourse operator ASX Ltd , saying on Tuesday he did not plan any further concessions to win approval for the deal.

The equipment stolen from a Vodafone facility might well be sold to an overseas telecommunications operator.

The silver market has greeted the revival of forward sales by miners with sanguinity as prices sit at 31-year highs, but other signals suggest supply may really be scarce and investors are poised for more price gains.

Jimmy Connors is best tennis player in the history of the game followed by Ivan Lendl and John McEnroe, according to a new research.

People.com reports that the actor's publicist, Stan Rosenfield, quit after Sheen booked a number of interviews in the last week.

Spot gold rose to a session peak at $1,421.35 an ounce and was up 0.6 percent at $1,419.66 an ounce by 1240 GMT. It rose 6 percent in February, its largest monthly rise since August, when the U.S. Federal Reserve first indicated that it would continue the massive money printing by monetizing government bonds.