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May, 2, 2016

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Business > Company Focus
Apple sold more than 51 million iPhones in the first three months of this year -- and that's the problem.
 
The head of crisis-hit Mitsubishi Motors said Wednesday that sales in Japan have fallen off a cliff since the company admitted last week that it has been cheating on fuel-efficiency tests.
 
Swedish carmaker Volvo on Wednesday announced it would give self-driving cars to ordinary Britons to test on the streets of London in 2017.
 
Google and Uber are part of a coalition unveiled on Tuesday to push for a unified U.S. legal code on self-driving cars as part of a broader lobbying drive to promote that technology.
 
Twitter gets lots of grief from investors because it hasn't taken over the world the way Facebook did, at least in terms of amassing users.
 
Chipotle posted its first quarterly loss as a public company Tuesday after it gave away millions of free burritos to win back customers following a series of food scares.
 
Japanese video-game maker Nintendo Co. reported a 24 billion yen (US$216 million) loss for January-March Wednesday, bigger than the loss it reported the previous year.
 
Streaming site Tidal has soared in popularity since Beyonce released her latest album through the service as an exclusive, although she made it available on iTunes as well on Monday.
 
Australia says French firm wins big sub contract
Australia announced Tuesday that French company DCNS has beat out bidders from Japan and Germany to build the next generation of submarines in Australia's largest-ever defense contract.
 
False mileage tests done since 1991, acknowledges Mitsubishi
Mitsubishi Motors Corp., the Japanese automaker that acknowledged last week that it had intentionally lied about fuel economy data for some of its models, said an internal investigation found such tampering dated back to 1991.
 
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