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  1. Get in touch:
  2. Dow slips, but Nasdaq and S&P 500 hit records
  3. GoPro considers sale as revenues plunge
  4. Lawsuit claims Google discriminates against white men
  5. Greg Clark stays as Business Secretary
  6. UK tech firm Micro Focus falls 17%
  7. Vauxhall cuts a further 250 jobs

Live Reporting

By Dan Macadam

All times stated are UK

Good night

Test Card F

That's it for tonight - but fear not, the Business Live page will be back tomorrow from 6am UK time.

We'll have the first proper look at how supermarkets fared over the Christmas, when Morrisons reports its results and market share data for the grocery sector is released.

Plus Dominic Chappell, the former boss of BHS, is due to give evidence in a trial about the pension scheme of the collapsed department store chain.

A glimpse into the future

LG robot

We'll leave you with some of the new technologies announced so far at CES in Las Vegas, the world's biggest tech show.

Nasdaq and S&P 500 hit new highs

Wall Street traders

The Nasdaq and S&P 500, two of the main US stock indexes, have finished at record highs for the fifth day in a row.

But the benchmark Dow Jones slipped back in a mixed day of trading on Wall Street.

The tech-heavy Nasdaq rose 0.3% to 7,157 points, while the broader S&P 500 gained by 0.1% to 2,746.

The Dow Jones - which broke through 25,000 points for the first time last week - dropped 0.05% to 25,283.

Action camera firm GoPro, which has endured a rollercoaster day, finished 12.7% lower at $6.56 a share.

Want to live in a 'skyscraper city'?

Not content to have the world's tallest tower, the Burj Khalifa, Dubai is building one which is even taller.

It will be surrounded by a "skyscraper city" that can house up to 470,000 people. But with property prices falling in Dubai, who will buy all this housing?

EON sells fossil fuels unit for €3.8bn

Uniper plant
Getty Images

German energy giant EON has accepted an offer to sell its remaining stake in fossil fuels spinoff Uniper to Finland's Fortum.

Uniper was split off by EON in 2016 to focus on more promising networks and renewables, and its sale nets the German utility €3.76bn.

The deal was widely expected after the two groups announced in September they were close to an agreement.

But it is likely to come in for criticism as it values Uniper at less than its shares are currently trading.

GoPro 'hasn't hired JP Morgan for a sale'

Nick Woodman
Getty Images

Action camera firm GoPro has had a rollercoaster day on Wall Street - rebounding from a near-30% fall after reports of a possible sale, before slipping back again in the last hour.

The latest fall comes after GoPro founder Nick Woodman denied reports it had hired US bank JP Morgan to pursue a sale.

He told Bloomberg TV the company would consider a sale or partnership with another firm, but added that "it's not something we're actively engaged in at the moment".

GoPro shares are currently down 14% at $6.46, having pared back their losses earlier to a 6% fall.

More details on the Google lawsuit

Getty Images

Google has yet to comment on the lawsuit from a former employee who was fired last year for a memo asserting that "biological causes" are behind gender inequality in tech.

The lawsuit - seen by the BBC - claims that Google discriminated against white, conservative men.

Another of its claims is that Google failed to protect employees from workplace harassment related to their support of President Donald Trump.

The BBC's Silicon Valley reporter points out that this isn't the only discrimination case that Google is facing...

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'Men ran Hollywood how they wanted'

The Golden Globes awards last night were overshadowed by the Harvey Weinstein sex scandal.

Many female stars - like Oprah Winfrey, who won a lifetime achievement award - wore black in solidarity with victims of sexual harassment and used their speeches to call for change in Hollywood.

The BBC's Mike Johnson hears from Melissa Silverstein from equality group Women and Hollywood about the momentum the equal pay movement has gained - and why it took so long to emerge.

This content only works in the UK.

Hancock named Culture Secretary

Matt Hancock

Matt Hancock is the new Secretary of State for culture, media, digital and sport after Karen Bradley was moved to Northern Ireland Secretary.

His responsibilities will include improving the UK's broadband network, ruling on fixed-odds betting terminals, and deciding on the Sky-Fox merger (somewhat overtaken by Disney buying many of Fox's assets).

Hancock was a key member of George Osborne's team at the Treasury before later joining the cabinet.

He was then demoted by Theresa May when she became prime minister in June 2016, but has since fought his way back to the cabinet table.

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Google discriminates against white men, claims lawsuit

Dearbail Jordan

Business reporter

Getty Images

James Damore, the former engineer at Google who was fired for writing a now infamous internal memo suggesting that the gender gap in technology might be down to biology, has filed a class action lawsuit against the internet giant.

The class action aims to represent all employees who have been discriminated against due to their “perceived conservative political views by Google”, due to “their male gender by Google” and “due to their Caucasian race by Google.”

It accuses Google of singling out, punishing and terminating employees who “expressed views deviating from the majority view at Google on political subjects raised in the workplace and relevant to Google’s employment policies and its business, such as ‘diversity’ hiring policies, ‘bias sensitivity’ or ‘social justice’…”

What did Clark and May talk about?

Theresa May's cabinet reshuffle is still going on - but much of the focus remains on Greg Clark staying as Business Secretary and Jeremy Hunt remaining at health.

BBC political editor Laura Kuenssberg explains what she's been hearing...

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GoPro 'would consider a partnership'

Nick Woodman
Getty Images

Nick Woodman, the chief executive of GoPro (pictured), has told CNBC that the camera-maker would consider a sale or partnership with another company.

He says: "If there are opportunities for us to unite with a bigger parent company to scale GoPro even bigger, that is something that we would look at."

GoPro shares pick-up

Dearbail Jordan

Business reporter

Getty Images

Shares in GoPro have bounced back following reports that it has put itself up for sale.

The camera-maker's stock is now down 6% at $7 after tumbling nearly 30% in early trading.

Earlier today, GoPro said it will cut 250 jobs, reduced its guidance on revenue, announced the departure of chief operating officer Charles Prober - who had been in the job for a year - as well as the departure of its general counsel Sharon Zezima and said it will exit its drones business.

BreakingGoPro 'puts itself up for sale'

GoPro has put itself up for sale, according to CNBC, after announcing it will pull out of the drones business and cuts jobs across the company.

CNBC reports that the Nasdaq-listed US camera maker has hired the investment bank JP Morgan to find a buyer.

What's new pussycat

The big news of the reshuffle: Downing Street's chief mouse catcher will remain in his post.

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Who is Greg Clark?

Greg Clark
Getty Images

It's one of the most important government positions for business, but its incumbent is by no means a household name.

Greg Clark was kept on as Business Secretary today by Theresa May after a lengthy meeting in Downing Street.

BBC business editor Simon Jack has suggested Clark - the son of a milkman - is well liked in the business community and that his reappointment will be welcomed by company bosses.

He has previously dubbed Clark the "Brexit badger", after Dead Ringers' portrayal of David Davis as the Brexit bulldog.

"Not normally seen in public but busy under cover - padding between the boardrooms of businesses here and abroad to reassure them that investing in the UK is a good idea and all will be well in the end," Jack wrote last year.

His achievements include persuading a wavering Nissan to build not one, but two new models in Sunderland, as well as boosting confidence among UK pharmaceutical firms.

Merkel talks boost German stocks

Angela Merkel

German Chancellor Angela Merkel's grand coalition talks with the Social Democrats have given the country's Dax stock index a push.

"The Dax traded 0.4% higher [to 13,368 points] as investors cheered progress in coalition talks in Germany," said Fiona Cincotta, senior market analyst at City Index.

"There have been few signs of any meaningful pullback in the Dax since the new year begun, instead investors seem firmly fixed on the all time high hit in November," she added.

Many see this as Mrs Merkel's last chance to form a stable coalition after she failed to form a government following September's tight election result.

Ousted AA boss: See you in court

Bob Mackenzie

It was one of the most colourful business stories of last year: the sudden departure of AA chairman, Bob Mackenzie, for "gross misconduct".

Reports linked his dismissal to an attempted spin-off of the AA's insurance arm, which led to a "violent" disagreement between Mr Mackenzie and insurance chief Michael Lloyd.

Mr Mackenzie is now reported to be pushing for an employment tribunal hearing. The AA said it was "astonished" by the move.

"We stand by our decision to dismiss him for gross misconduct ... and will robustly defend any action," the AA said.

Did Clark and Hunt refuse to move?

There are plenty of briefings and counter-briefings flying around about Theresa May's first cabinet reshuffle since last year's election.

The political editors of ITV and The Sun are both suggesting that Health Secretary Jeremy Hunt or Business Secretary Greg Clark refused possible moves.

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As you were...

So, Greg Clark remains as Business Secretary and Jeremy Hunt stays on as Health Secretary.

Both had lengthy meetings at Downing Street with the prime minister before the announcements came through.

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BreakingGreg Clark stays as business secretary

Greg Clark

Greg Clark has been reappointed as Secretary of State for Business, Energy and Industrial Strategy.

There had been speculation Mr Clark might be moved to another post, which gathered pace when he spent two hours at Downing Street without any news of his position.

FTSE retreats from record high

View of the City and St Pauls
Getty Images

The UK's 100 share index has finished in negative territory after hitting a record high earlier in the day.

The FTSE 100 dropped by 28 points - or 0.4% - to finish at 7,696.

In morning trading, the index set a new intraday record of 7,733.39, but losses for major oil and pharmaceutical stocks dragged it down.

Union calls for Vauxhall support

Vauxhall plant

Vauxhall's new French owners must provide guarantees that they'll invest in new car models at Ellesmere Port, according to trade union Unite.

Vauxhall is cutting a further 250 jobs at the plant in Cheshire as it looks to improve its efficiency under France's Peugeot-Citroen Group.

“This is an additional blow to a world class workforce that is one of the most efficient in the industry," said Unite general secretary Len McCluskey.

The government also needs to "give a clear signal" that it will support UK-EU trade for the car industry after Brexit, he added.

Hammond stays on

Philip Hammond

Back to Westminster, and we still don't know what will happen to Business Secretary Greg Clark and Health Secretary Jeremy Hunt among other cabinet ministers.

But we do know that Philip Hammond is staying on as chancellor. Ahead of the Budget in November, there was intense media speculation that Mr Hammond could be moved from the role, but that has since eased off.

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Time for a New Look?

BBC Radio 4

New Look models
New Look

"It's not a pretty picture at New Look at the moment," Rebecca Waller Davies of Retail Week tells BBC Radio 4's You and Yours Programme.

The High Street clothes chain had an abrupt change of management with their chief executive ousted in the Autumn, and it has made redundancies in stores, she says.

The latest warning signal are reports that some insurers won't cover its suppliers, a tell-tale sign that a retailer is struggling.

It could mean there is less stock in New Look's shops, but it doesn't mean there will be store closures, Waller Davies says.

New Look and the insurer Euler Hermes declined to comment.

Dortmund bomb suspect 'did not try to kill'

Borussia Dortmund team bus

A man has confessed to a German court that he carried out a bomb attack targeting a bus as it took the Borussia Dortmund football team to a match - but he denies attempted murder.

The 28 year-old - identified as Sergei W - says he never intended to harm anyone.

Prosecutors say the Russian-German citizen had purchased share options in the team, and hoped to profit from a fall in its share price.

They also point to evidence that he tried to disguise it as an attack by Islamist radicals.

Two people - one of them a Dortmund player - were injured in the attack.

Lufthansa goes on hiring spree

Getty Images

Lufthansa plans to hire around 3,000 extra staff this year - more than half of the new employees will be flight attendants.

That's according to AFP.

Lufthansa is expanding its operations to compete with Ryanair and Easyjet.

As well as the Lufthansa airline it owns others carriers including Eurowings, Swiss Air, Asutrian and Brussels Airlines.

FTSE drops back below 7,700

FTSE 100

The FTSE 100 is sliding further in afternoon trading after hitting a record intraday high at the start of the day.

It's now down 26 points - or 0.3% - to 7,698 points.

"A dip into the red from the oil and pharma stocks, the continued 17% decline from Micro Focus and a 3 week peak for the pound against the euro proved to be too much for the UK index," said Connor Campbell, an analyst at Spreadex.

The pound is faring better, rising 0.5% against the euro at €1.13310.

Will Greg Clark be moved?

Still no word on whether the Business Secretary Greg Clark will stay in his post in Theresa May's cabinet reshuffle.

The BBC's political and business editors give their views...

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GoPro takes a tumble

GoPro camera

The action camera company loved by skiers, snowboarders and surfers has seen its shares wipe out at the start of trading.

GoPro shares are down nearly 30% after the company slashed its fourth-quarter revenues, cut more than 250 jobs and announced it would stop selling its Karma drones.

Elsewhere on Wall Street, the major US stock indexes have dipped from last week's record highs.

The Dow Jones is 0.1% lower at 25,264, the S&P 500 has dropped 0.1% to 2,741, and the Nasdaq is flat at 7,134 points.

May reshuffles the deck

Greg Clark

Over in Westminster, all eyes are on who's in and who's out in Prime Minister Theresa May's reshuffle.

Business and Energy Secretary Greg Clark (pictured) is the latest cabinet minister to enter No 10. There has been media speculation about his future.

We'll bring you the latest news from Downing Street as it comes through.

Ex-BHS boss 'failed' to give pension information

Dominic Chappell

Dominic Chappell, the former boss of BHS, was in court earlier accused of failing to provide information numerous times about the collapsed department store chain's pension schemes.

The Pensions Regulator alleges that it asked Mr Chappell, who bought BHS for £1 from Sir Philip Green, three times for information.

However, it claims that Mr Chappell failed to comply, the court heard. Mr Chappell denies three charges of failing to hand over information to the regulator.

The case has adjourned for today, with Mr Chappell due to give evidence tomorrow.

Picture (im)perfect

GoPro founder Nick Woodman
Getty Images

Action camera-maker GoPro is cutting more than 250 jobs and shutting down its main drone brand after reporting a disappointing set of results.

The company said it would stop selling Karma drones, because fierce competition and a "hostile" regulatory environment in the US and Europe made the market "untenable".

It hopes the moves will save $80m, along with plans for the founder and chief executive Nick Woodman (pictured) to cut his cash compensation to $1 this year.

GoPro said it now expects fourth-quarter revenue of $340m, a hefty downgrade from its previous forecast of $470m.

BreakingVauxhall cuts 250 more jobs

Vauxhall Astra at the Ellesmere Port plant

British car maker Vauxhall has confirmed it's cutting another 250 jobs at its flagship Ellesmere Port plant in Cheshire.

The job losses are on top of 400 cuts announced last year at the factory, which makes the Astra models.

It comes as Vauxhall - which is now owned by France's Peugeot-Citroen group - move staff at the plant from two production shifts to one.

Nothing to see here....

Patrick Hosking, financial editor at The Times, has been watching the share price of Micro Focus sink even lower on the FTSE 100 this afternoon.

Shares in the UK's biggest listed tech company are now down 17%.

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Bumper times for yoga-gear maker


There's plenty of money in sweat, at least according to the latest results from yoga-kit maker Lulumelon.

It has raised its sales forecast for its fourth quarter to between $905m and $915m, it previously forecast sales of up to $885m.

It has also raised its profit guidance.

The company says business has "accelerated" in all areas.

Lulumelon describes itself as "a healthy lifestyle inspired athletic apparel company for yoga, running, training, and most other sweaty pursuits".

German industry hit by warning strikes

Striking German workers
Getty Images

German industry has been hit by strikes today, organised by the powerful metalworkers union, IG Metall.

IG Metall is pushing for a 6% pay rise this year. It also wants workers to have the option to switch to a 28-hour work week.

Around 700,000 workers are expected to participate in the warning strikes which will run for at least a week. The strikes are a regular feature of the annual pay talks.

Employers and the union representatives have until late January to agree on the terms of their negotiation.

Bankrupts enjoy 'lavish lifestyles'

Criminals and dishonest debtors are exploiting weaknesses in the bankruptcy system to keep hold of their assets and wealth, a BBC investigation has revealed.

The BBC team found former millionaires enjoying lavish lifestyles, seemingly untouched by insolvency.

For example, convicted fraudster Barry Hughes, who declared himself bankrupt in 2014 owing £10m and claiming he had no assets, was seen along with his wife driving a line of luxury cars worth £500,000.

Read more here.

Now that's a warehouse...

Lidl warehouse
Casey Gutteridge

German discount supermarket Lidl has announced plans to build its largest warehouse in the UK.

The regional distribution centre at Junction 11A on the M1 near Houghton Regis, Bedfordshire, will be more than double the size of any other Lidl UK warehouse and will create up to 1,000 new jobs.

The 1m sq ft warehouse on the 58-acre (23-hectare) site will be its 16th in Britain.

Lidl UK said it was part of its plan to invest £1.45bn in Britain in 2017-18.

More here.

What is the right pay level for BBC presenters?

The presenter of Newsnight Evan Davis has written a Twitter essay on the issue of women and pay at the BBC.

It's prompted by the complaint by BBC China editor Carrie Gracie that her male counterparts were making more money for the same work.

A trained economist, Evan makes some interesting points, including that it's hard to know what the right pay is for presenters and journalists.

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