Steve Jobs announces the iPad on January 27, 2010 in San Francisco. Photograph: Ryan Anson/AFP/Getty Images Record sales of Mac computers and strong demand for the iPad has helped Apple post its highest ever quarterly earnings. Steve Jobs declared last night that Apple had enjoyed a “phenomenal... 

First Group’s profits will be hit if the fuel subsidy goes. Photograph: John Garon/Pic-biz Four of Britain’s biggest bus companies could lose more than £200m in profits under plans to axe public spending on transport. The government is considering scrapping a scheme that allows... 

Reuters March 22: Virgin Galactic’s SpaceShipTwo, which can hold six passengers, is seen on its maiden flight over the Mojave Desert. A private suborbital spaceship built for the space tourism firm Virgin Galactic made its first flight with a crew onboard Thursday as it soared over California’s... 

The Church of Scientology Centre in London. Photograph: Sarah Lee A councillor is facing a disciplinary hearing after calling the Church of Scientology “stupid” on Twitter, it emerged today. The Welsh public standards watchdog investigated Cardiff councillor John Dixon’s short... 

BP’s efforts to finish relief oil wells in the Gulf of Mexico have been set back. Photograph: Lyle W Ratliff/EPA The tropical storm Bonnie has forced BP to temporarily suspend drilling on its relief well in the Gulf of Mexico. Work to permanently plug the oil giant’s leaking Macondo...