<?php
$args = array( 'posts_per_page' => 10, 'order'=> 'ASC', 'orderby' => 'title' );
$postslist = get_posts( $args );
foreach ($postslist as $post) : setup_postdata($post); ?>
<div>
<?php the_time(); ?>
<?php the_title(); ?>
<?php the_excerpt(); ?>
<?php the_category(', '); ?>
</div>
<?php endforeach; ?>
Notice the div around the_time, the_title, the_excerpt and the_category. You can wrap html elements to fit and style any of these functions.
the_time will display the time of the post. use the_time instead of the_date.
http://codex.wordpress.org/Formatting_Date_and_Time
the_title will display the post title.
the_excerpt will display the post excerpt which defaults to 55 characters unless specified by a filter in functions.php. currently the twenty-ten theme sets the excerpt character limit.
the_category will display which categories the post is in, if any.