TOP STORIES
- Janet Yellen to get Fed nomination
- Samsung launches curved-screen phone
- Some English rail fare rises to be capped
Key points
- Janet Yellen due to be nominated as next chief of Federal Reserve
- Samsung launched curved-screen phone
- Some English rail fare increases capped
Live text
0600
Pia Gadkari, Business reporter, BBC News Good morning and welcome. We'll be bringing you the day's business headlines, as well as company results, economic data and the best of the BBC's business stories as they happen. You can get in touch by emailing bizlivepage@bbc.co.uk or tweeting @BBCBusiness.
0600
Anthony Reuben, Business reporter, BBC News And it's good morning from me. Anything can happen in the next four hours so stay with us.
0603 FED CHIEF NOMINATION
The main news this morning is that President Obama is planning to nominate Janet Yellen as the next head of the Federal Reserve. It's a lengthy process, but if she's confirmed by the Senate she would replace Ben Bernanke in the top job.
0604 FED CHIEF NOMINATION
At the moment, we have this information from an unnamed White House official who spoke to US media, but President Obama is expected to announce his decision at an event on Wednesday afternoon - or Wednesday evening if you're based in the UK.
0610 FED CHIEF NOMINATION
Janet Yellen has been deputy to the current chief, Ben Bernanke, at the US central bank for the last two years. She would be the first woman to lead the Federal Reserve.
0614 SAMSUNG PHONE LAUNCH
Samsung Electronics, the world's best-selling smartphone maker, has launched a handset with a curved display screen. Called the Galaxy Round, the smartphone will feature a 5.7in (14.5cm) display. The phone will initially be launched in South Korea.
0617 RAIL FARES
It has also been announced overnight that increases in some rail fares in England have been capped. Some regulated fares could have gone up by 9.1% in January, but now they're going to be capped at 6.1%.
0620 FED CHIEF NOMINATION
Radio 4 If confirmed, Janet Yellen would succeed to the post after Ben Bernanke steps down in January. On Radio 4's Today programme, the BBC's Linda Yueh has said the world could expect a fairly "seamless" transition because the two already work so closely together.
0628 FED CHIEF NOMINATION
So who is Janet Yellen? The 67-year-old is the central bank's current vice-chair and has held several senior administrative positions in the US. She also taught at Harvard University and the London School of Economics.
