IBT Staff Reporter

A state-owned South African mining company likely to focus on coal and uranium will be up and running by the end of February, but much of its work will be farmed out to private firms, a senior official said on Tuesday.

Ray Allen, the Boston Celtics star, has once again listed his five-bedroom estate in Carnation, Washington for $3.7 million.

ArcelorMittal , the world's largest steelmaker, forecast a faster than expected rebound in demand and prices at the start of 2011 after suffering a margin squeeze at the end of last year.

Gunshots were fired in the centre of the Tunisian capital on Tuesday, people in the area said, in a new blow to faltering efforts to restore security after the overthrow of the autocratic president.

At least two floors of Ivory Coast's multi-storey Treasury building were in flames on Tuesday as emergency services attempted to douse the fire and crowds formed nearby, according to a Reuters witness.

Egyptians staged one of their biggest protests yet on Tuesday demanding President Hosni Mubarak step down now, their wrath undiminished by the vice president's announcement of a plan to transfer power.

Wall Street rose modestly on Tuesday, led by gains in the consumer discretionary sector after McDonald's posted earnings above Wall Street's estimates.

McDonald's Corp reported a stronger-than-expected sales rebound in January in Europe, its biggest market for revenue, sending its shares up 3 percent in midday trading.

South Africa intends to create a 10 billion rand fund to tackle massive unemployment in Africa's biggest economy, the ANC's Secretary General Gwede Mantashe told Reuters on Tuesday.

Nationalising South Africa's mines is not the option, mines minister Susan Shabangu said on Tuesday in her strongest comments in a year against an idea that has unnerved investors in Africa's biggest economy.

Global defense manufacturers, looking to take advantage of growth in Indian spending, are increasing production in Asia's third largest economy, executives said ahead of India's biennial air show on Tuesday.

The following declassified document includes a September 5, 2002 report from the J2 intelligence group serving the U.S. Department of Defense. The main document concerns what the U.S. knew and didn't know about Iraq's Weapons of Mass Destruction programs.

The Obama administration is considering reducing government support for the mortgage market to below 50 percent over time, according to sources familiar with a White House proposal to revamp the housing finance system.

Television cameras will be allowed to film the involuntary manslaughter trial of Michael Jackson's doctor next month as long as they do not interfere with proceedings, a judge said on Monday

Last year in February Engadget reported that Sweden's UI design company The Astonishing Tribe (TAT) showcased a dual-screen UI concept, stating that in future devices could sport such a setup. A year later Kyocera communications has launched a dual-screen Android phone called Echo on Sprint network.

As part of its strategy to bring broadband service to rural areas, the Federal Communications Commission will decide today how to reform the Universal Service Fund, set up in the 1930s to fund networks in underserved areas.

A former Swedish prosecutor called by the defense attacked his country's handling of sex crimes allegations against WikiLeaks' founder Julian Assange that could lead to his extradition to Sweden.

In a lawsuit filed Monday in Los Angeles Superior Court, filmmaker Michael Moore alleges that Bob and Harvey Weinstein cheated him out of millions of dollars from profits of the documentary Fahrenheit 9/11

Wall Street was little changed on Tuesday as an interest hike by China weighed on energy shares and major indexes faced resistance near 2 1/2-year highs.

Avon Products Inc posted a steeper-than-expected drop in quarterly profit, weighed down by weak sales and restructuring charges.

The Federal Reserve should seriously consider pulling back on its $600 billion stimulus program given stronger growth and a brighter jobs picture, Richmond Fed President Jeffrey Lacker said on Tuesday.

A compelling device on paper, the mysterious Noteslate might not actually exist.

Protests demanding an immediate end to Hosni Mubarak’s rule entered the 15th day on Tuesday with protesters pitching their tents in central Cairo’s Tahrir Square and refusing to leave until their demands are met.

Six months ahead of the 2003 invasion of Iraq, the United States had little hard evidence and relied heavily on analytic assumptions and judgment in assessing what it knew about Iraq's Weapons of Mass Destruction Programs, according to declassified U.S. intellilgence report.

Financial exchanges group NYSE Euronext is banking on its nascent U.S. futures unit and technology investments to reverse a decline in trading that pushed down profit last quarter.

Texas Senator Kirk Watson filed a bill last week that would make sexting - sending or receiving pornographic images via cell phones - illegal.

Shawn Levy has signed up to direct Fantastic Voyage, a James Cameron produced 3D project, though he has till date dealt with light and fluffy stuff.

New Chelsea striker Fernando Torres spoke about the diamond formation, how he had outgrown Liverpool and that his move to Chelsea was purely for sporting reasons.

Sara Lee's quarterly profit missed Wall Street estimates by a penny, hurt by lower sales volume and higher commodity costs, and the company's shares fell 1.6 percent on Tuesday.