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  1. Samarco to pay $6.1bn over dam failure
  2. Chesapeake Energy founder Aubrey McClendon dies in car crash
  3. FTSE 100 ends four-day winning run
  4. Sports Authority files for bankruptcy protection
  5. Shell sued over Nigeria oil spill

Live Reporting

By Ben Morris

All times stated are UK

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  1. Good night from London

    That's it from the Business Live page. We'll be back from 06:00 on Thursday, come and visit again.

  2. US shares close higher

    Dow Industrials

    A burst of buying activity late in the day saw the Dow Industrials finish 0.2% higher at 16,899. It had spent much of the day in negative territory.

    Oil companies were among the biggest winners, Exxon Mobil added 1.75% and Chevron added 1.2%.

    The S&P 500 closed 0.4% higher and the Nasdaq added 0.3%.

  3. Roubini: 2008 revisited?

    Nouriel Roubini was one of the few economists to forecast the bursting of the US property bubble in 2007 and the ensuing recession. 

    He now has his own economics consultlancy. He tweets:

    View more on twitter
  4. McClendon crash: Speed 'definitely a factor'

    It appears that Mr McClendon's car crashed into the concrete embankment supporting a road bridge.

    "Speed was most definitely a factor in the fatality," according to Captain Paco Balderrama of the Oklahoma City Police Department.

    Mr McClendon was alone in the car.

    You can watch more from Oklahoma City Police here.

  5. Chesapeake Energy founder dies in car crash

    Co-founder of Chesapeake Energy Corporation

    A legend in the US energy industry, Aubrey McClendon, has died in a car crash.

    Mr McClendon co-founded Chesapeake Energy and built it into the second biggest natural gas producer in the US.

    On Tuesday he was charged with conspiring to rig bids to buy oil and natural gas leases in Oklahoma.

    Mr McClendon said the charges were "wrong and unprecedented".

    View more on twitter
  6. Samarco to pay $6.1bn over dam failure

    Site where the town of Bento Rodrigues stood, after two dams burst

    Samarco has agreed with the Brazilian government to pay $6.1bn in damages over the failure of a dam back in November which killed at least 13 people.

    The money will be paid into a recovery fund which will pay for the clean up caused by a spill of waste from mining operations.

    Samarco is owned by mining giants Vale, from Brazil, and Anglo-Australian company BHP Billiton.  

  7. VW defends itself over emissions disclosure

    VW sign

    Volkswagen has responded to lawsuits which say the carmaker was too slow to inform investors about the rigging of diesel emission tests.

    VW's management board "duly fulfilled its disclosure obligation under German capital markets law," it said in a statement.

     "Volkswagen considers the German shareholder lawsuits to be without merit," it went on.

    VW said that until 18 September 2015, when US authorities announced that the car maker had broken environmental regulations, it expected a "manageable" number of vehicle recalls, which it did not consider relevant to the stock market price.

  8. FTSE 100 leavers and joiners

    Following its quarterly review FTSE Russell is changing the composition of the FTSE 100.

    Informa, Mediclinic International, Morrison Supermarkets and Paddy Power Betfair will join the FTSE 100.

    And Aberdeen Asset Management, Hikma Pharmaceuticals, Smiths Group and Sports Direct International move to the FTSE 250.

    The changes from the review will be implemented at the close of business Friday, 18 March and take effect from the start of trading on the following Monday.

  9. Entertainment One hit

    Entertainment One website

    Shares in Entertainment One, which owns Peppa Pig among other things, tumbled more than 13% in London today, after reporting disappointing results.

    Box office takings at its film unit fell by 24% in the nine months to the end of December.

    The movie, Steve Jobs, did not do as well as expected, it also released fewer titles than the previous year.

  10. FTSE 100 closes flat

    FTSE 100

    After starting higher and then heading lower, the FTSE 100 closed little changed on Wednesday.

    It closed at 6,147 a loss of 5.8 points.

    It follows four consecutive sessions of gains, which had seen the index gain around 5%.

    Miners were the big winners, with Anglo American adding almost 7% and BHP Billiton rising almost 6%.

    Helal Miah, 

  11. US authorities ban e-cigarettes on flights

    The US Transportation Department has banned the use of electronic cigarettes on commercial flights.

    The agency wanted to end and confusion over the existing ban on smoking on flights.

    "This final rule is important because it protects airline passengers from unwanted exposure to aerosol fumes that occur when electronic cigarettes are used onboard airplanes," Transportation Secretary Anthony Foxx said.

    It really seem hard to believe that there was once a smoking "section" on aircraft.

  12. Oil prices recover; Shares head higher


    Following a lurch lower, oil prices have recovered from a loss of around 1.5%. 

    US shares have also recovered and a short while ago the Dow Industrials was a touch higher.

    Intel is the biggest winner with a gain of 1.35%.

  13. Morgan: The 'best of British'

    Russell Hotten, at the Geneva Motor Show, writes:

    Video content

    Video caption: Morgan unveils three-wheel electric car

    Amid the supercars and mass market brands, the UK’s niche manufacturer of retro cars Morgan stands out. The company traces its history back to 1905, and its success was built on a three-wheeler. Now Morgan has unveiled an electric version at the Geneva show. The EV3 can get from 0-60 in under nine seconds and reach almost 100mph.

    In its “eco” mode, the car can go for 150 miles, says Morgan chief executive Steve Morris. In “sport” mode it will do about 50 miles. The car costs about £35,000-£40,000.

    Here’s a quick look at what’s on the Morgan stand at the show. As Mr Morris says, it represents the “best of British craftsmanship”.

  14. Oil lurches lower


    Crude oil prices have turned sharply lower.

    A short while ago, the US benchmark, West Texas Intermeditate, was down 1.4% at $33.91 a barrel. It had been close to breaking even.

    The Energy Information Administration said stockpiles of US crude rose by 10.37 million barrels in the last week.

    That was much bigger than the gain of 3.4 million barrels that analysts were expecting and will add to fears that the global oversupply of oil is getting worse.

  15. Jack Daniel's downer

    Jack Daniel's bottles

    Shares in the maker of Jack Daniel's whiskey, Brown-Forman, fel by as much as 4%.

    It cut its forecast for sales growth in the 2016 financial year to "approximately 5%".

    It said there had been "a significant slowdown" in emerging markets over the last few quarters, due to weaker economies and devaluations of local currencies.

    In its third quarter, which ended 31 January, sales fell 1%.