IBT Staff Reporter

Global miner Rio Tinto plans to sell 13 aluminum assets, trimming the business it expanded with the badly timed $39 billion acquisition of Alcan four years ago as it tries to boost the division's performance, it said on Monday.

Boxing robot movie Real Steel won the domestic box office for the second straight weekend, edging a remake of 1980s dance classic Footloose.

Warner Bros. wants Cloverfield director Matt Reeves to take on The Twilight Zone, TheWrap has confirmed.

The boxing robots of Real Steel had better footwork at the ticket window than the kids in the remake of the 1980s dance classic Footloose and held on to the domestic box-office title for a second straight week.

Former William Morris agent Sue Mengers, who pioneered behind-the-scenes roles for women in Hollywood, died at her home in Beverly Hills Saturday.

With one-third of the Dow components and crowd favorite, Apple, reporting results next week, stocks are setting the stage for another week of gains.

Greece's debt crisis cannot be solved without larger write downs on Greek debt and governments are trying to persuade banks to accept this, German Finance Minister Wolfgang Schaeuble said on Sunday, just days ahead of a key EU summit.

The United Auto Workers tentative contract with the Ford Motor Co took a big step toward ratification on Sunday when the biggest local union voted 62 percent for the new deal.

South African miners went on strike at Xstrata Plc on Sunday over an employee share ownership program, a union spokesman said.

The government of Guinea will use 35 percent of a $700 million windfall from Anglo-Australian miner Rio Tinto to rebuild the mineral-rich West African nation's broken infrastructure, a Guinean official said on Sunday.

South African miners will go on strike at Xstrata Plc later on Sunday over an employee share ownership program, a union spokesman said.

New Zealand surged into the final of the 2011 Rugby World Cup an outstanding display to send neighbors Australia packing at Eden Park in Auckland.

Securities regulators are struggling to craft a rule that sheds light on companies that use certain African conflict minerals but avoids a compliance nightmare that hurts U.S. manufacturers.

Greece's debt crisis cannot be solved without a write-down on Greek debt, and this would likely have to be larger than the write-down considered this Summer, German Finance Minister Wolfgang Schaeuble told German broadcaster ARD on Sunday.

Some Greek banks may have to be nationalized temporarily to cope if Europe imposes a major discount on Greek bonds as part of a euro zone rescue, a top executive of investment firm BlackRock told Greek newspapers on Sunday.

With one-third of the Dow components and crowd favorite, Apple, reporting results next week, stocks are setting the stage for another week of gains.

Though the iPhone 4S looks like an older sibling of the iPhone 4, it has a stronger processor and better camera than the iPhone 4, as well as Siri voice control and a bunch of apps that make a big difference between the two versions of the same phone.

If you haven't tripped over an eager Apple fan stationed on the sidewalk outside of a store yet on Friday, you'll still have noticed a certain percentage of pedestrian traffic staring at their iPhones with more avidity than usual. That's because these individuals - whom you will have to swerve to avoid walking into- were probably among the nearly 4 million people worldwide that are expected to purchase an iPhone 4S this weekend.

Swiss banks accused of helping Americans to dodge taxes have been summoned to a parliamentary committee hearing this week at which they will be asked to explain their actions, Swiss newspaper NZZ am Sonntag reported on Sunday.

These coil-structured yarns behave in much a way as human muscles contract, which means they can be used to enhance artificial muscles.

The day has finally come. The next generation iPhone became officially available in stores on Friday, and we're probably all wondering the same thing. How does this change the playing field of smartphones?

Here in San Francisco's downtown Stockton location, eager buyers came out as early as 4PM on Thursday. What may sound even more preposterous is that you can instead buy your spot in line if you don't want to wait. That is, if you make a high enough offer, anyway.

Another major investor has joined calls for the Murdoch family to step down from the helm of media empire News Corp following a phone hacking scandal, according to a British newspaper.

It was just three weeks ago when Albert Einstein's general theory of relativity, one of cornerstones of the laws of physics, came under attack as scientists at the European Organization for Nuclear Research (CERN) clocked neutrinos traveling faster than the speed of light.

The number of subscribers cancelling their Mobinil subscriptions has tumbled from a peak earlier this year when some customers took offence at a cartoon posted online by the company's founder, its chairman said on Sunday.

UBS chairman Kaspar Villiger should stand down at the bank's next annual general meeting in May and hand over then to designated successor Axel Weber, UBS Honorary Chairman Nikolaus Senn was quoted as saying in an interview on Sunday.

European Central Bank President Jean-Claude Trichet said the European Union's treaty should be changed to prevent one member state from destabilizing the rest of the bloc, and urged stronger governance of the euro zone.

European Central Bank President Jean-Claude Trichet said the European Union's treaty should be changed to prevent one member state from destabilizing the rest of the bloc, while urging stronger Eurozone governance.

Apple has grabbed a good deal of limelight this week, both in the smartphone market and on the Internet, nudging aside Google and Samsung with the release of the iPhone 4S, the iOS5, the iCloud, new iOS apps, Mac OS X updates and the iLife software.