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Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. FTSE 100 ends lower
  3. China's Great Wall eyes Fiat Chrysler bid
  4. Sterling at $1.29, 1.09 euros
  5. Wealth manager Rathbone in takeover talks

Live Reporting

By Karen Hoggan

All times stated are UK

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  1. Good night

    That's it from Monday's Business Live.

    Many thanks for being with us - and for all your contributions to #bankbandnames.

    Do join us again tomorrow from 6am for all the latest news, views and analysis from the world of finance.

  2. Wall Street close

    Wall Street sign

    The US markets ended the day mixed.

    The Dow Jones closed at 21,703.75 that was a rise of 29 points or 0.13% after two sessions of losses.

    S&P 500 was also up a fraction - by 0.12% or 2.82 points at 2,428.37.

    The tech-heavy Nasdaq was 3 points or 0.05% lower at 6,213.13.

  3. Oil slips lower

    Oil prices are down around 2%.

    Brent crude futures are down $1.06 at $51.66 a barrel.

    U.S. West Texas Intermediate crude futures ended down $1.14 a barrel, or 2.4 percent, at $47.37 a barrel.

    Traders said it was down to profit taking after last week's rally. But the bigger picture is just plenty of oil in supply, including from the US.

  4. Sweet success

    Cleusa Maria sitting with cakes on table

    She is the multi-millionaire founder of one of Brazil's most popular chains of cake shops, but there is nothing sweet about the beginning of her life story.

    Now 51, Cleusa Maria didn't have the chance to be a child.

    When she was nine years old, she was much more familiar with hoes and rakes than with dolls.

    She had a grown-up routine, helping her father every day on the small farm they rented in the countryside of Sao Paulo state, in south eastern Brazil.

    That was until her dad died in a car accident in 1978 when she was 12 years old.

    "That is when I found out that what was bad, could be worse," Cleusa says. Read the full story here

  5. J&J 'will appeal' against order to pay $417m

    More on that story we brought you earlier about Johnson & Johnson being ordered to pay $417m to a woman who claimed she developed ovarian cancer after using the company's talc-based products like Johnson's Baby Powder for feminine hygiene.

    Reuters reports that the Los Angeles Superior Court jury's verdict in favour of California resident Eva Echeverria was the biggest to date in lawsuits alleging J&J failed to adequately warn consumers about the cancer risks of talc-based products.

    The verdict included $70m in compensatory damages and $347m in punitive damages, according to Ms Echeverria's lawyers.

    It followed several trials in Missouri state court that resulted in more than $300m in verdicts against J&J.

    "We will appeal today's verdict because we are guided by the science, which supports the safety of Johnson's Baby Powder," J&J said in a statement.

  6. Cash crop #bankbandnames

    Alan Gleeson has come up with some late contenders for the #bankbandnames challenge.

    Our favourites? Barclays James Harvest, Johnny Cash Machine and Bank Williams.

  7. Ofcom facing legal challenge over Sky?

    Sky logo

    Communications watchdog Ofcom could face a legal challenge over its ruling that Sky would remain "fit and proper" to hold a UK broadcasting licence if Rupert Murdoch's 21st Century Fox acquired the 61% of Sky it doesn't already own.

    US activist group Avaaz has appointed lawyers and taken the first steps of a judicial review against Ofcom following the regulator's report into Mr Murdoch's £12bn bid.

    Ofcom has 14 days to respond to a letter from Avaaz before a formal judicial review can begin.

    In June, Culture Secretary Karen Bradley said she was "minded" to refer the deal to the Competition and Markets Authority (CMA) for wider review, based on the risks to media plurality.

    Then earlier this month she asked Ofcom for clarification about parts of its investigation of the proposal, extending the timeline for her decision to the end of August.

    Avaaz campaign director Alex Wilks said: "Ofcom's made mistake after mistake in deciding to give the Murdochs a clean bill of health to take over more of our media. They need to reopen their investigation to regain credibility."

  8. Would you live in a micro-home?

    Dan Macadam

    BBC business reporter

    Interior of Leicester flat

    The UK has seen a sharp rise in homes little bigger than a budget hotel room, according to consumer group Which?.

    The number of newly built micro-homes, which are smaller than 37 sq m - the size of a Tube carriage - rose 40% in the UK last year, the group found.

    They are often cheaper than traditional homes, but Which? warned that buyers could struggle to get a mortgage.

    Industry experts put the growth down to the housing shortage and the difficulties facing first-time buyers.

    Which? found examples of micro-homes of less than 28 sq m - the size of an average Travelodge hotel room - on sale in London for as much as £450,000. Read Dan's full story here

  9. Commuter bugbears

    Tube passengers

    Fewer than a quarter of Londoners want fellow passengers to start conversations with them on the Tube, a new survey says.

    More than half (55%) of those polled prefer it when other people do not talk to them on the Underground, according to YouGov's research.

    Only 23% want to have a chat while on the Tube, with 22% unsure.

    Women are less likely to want someone to strike up a conversation with them (20%) than men (26%), while passengers over 65 are more in favour of people talking to them on the Tube (26%) than any other age category.

    The survey of 1,651 London adults also revealed the most annoying Tube behaviour is when people try to enter a carriage without giving passengers the chance to get off first.

    But leaving litter in the carriage, playing music without wearing headphones and being drunk also feature in the list of bugbears.

  10. J&J 'ordered to pay $417m'

    Johnson's baby powder bottle

    Johnson and Johnson has been ordered to pay $417m (£323m) in a trial over talc products, reports Reuters, quoting the plaintiff's lawyers.

    J&J has faced a number of orders to compensate women who said they developed ovarian cancer after using its talcum power.

    In May it was ordered by a US court to pay more than $110m (£85m) to a female customer who said she developed the cancer.

    Prosecutors argued the company did not adequately warn about the cancer risks associated with the items. J&J said at the time it would appeal.

    Experts say links with ovarian cancer are unproven.

  11. Pound up against dollar, down against euro

    Sterling euro and dollar notes

    Monday saw the pound creep up against a weaker dollar, but lose more ground against the euro.

    Sterling's coming under pressure amid concerns about the UK's economic growth and Brexit talks.

    Also expectations that interest rates will go up over the next 12 months have receded.

    As a result, the pound up by 0.27% against the dollar at $1.29.09.

    It's at 1.0921 euros - a fall of 0.26%.

  12. #bankbandnames satisfaction

    Rolling Stones on stage in 1999

    Another #bankbandnames contribution from Simon Lamb: This time he suggests the Rolling Loans.

  13. Apple's 'hidden' job ad found online

    Apple's hidden job ad

    An advert for an engineer at Apple has been found hidden in the tech giant's website.

    The text begins: "Hey there! You found us", and says the firm is looking for "a talented engineer to develop a critical infrastructure component".

    It has since been either removed or moved elsewhere.

    Cyber-security reporter Zack Whittaker discovered it by chance while analysing some data being sent from iPhone apps - but he is not applying for the job. Read more here

  14. Provident Financial is FTSE's biggest faller

    The biggest faller on the FTSE 100 was troubled doorstep lender Provident Financial, which shed 5.8%.

    Provident Financial suffered after a Sunday Times article suggested hedge funds were betting against the stock.

  15. Bank campaigner: Co-op 'doesn't stand a chance' without ethics

    BBC Radio 5 live

    Co-operative Bank

    The Co-operative Group has cut its stake in the Co-op Bank to 1% as part of a £700m restructuring plan from the bank's US hedge fund owners.

    Shareholders gave the final approval for the move at a meeting this afternoon.

    The bank has lost some customers who were not happy the wider Co-operative Group is loosening its relationship with the bank.

    Responding to today's announcement, Shaun Fensom from the campaign group, Save Our Bank, said it was vital the Co-op maintained its reputation as an ethical lender.

    "There's every indication that the hedge funds understand the commercial survival of the bank very much relies on not just talking the talk on ethics, but walking the walk as well.

    "The bank arguably doesn't stand a chance... unless it has a unqiue selling proposition, and that proposition is its ethics."

  16. FTSE 100 dragged down by geopolitical tensions

    The FTSE 100 closed down on Monday (See earlier post), weighed down by financial stocks which were under pressure because of the tensions between the US and North Korea.

    HSBC dropped by 0.3% and Barclays lost 1.2%.

    However, mining stocks were bolstered by strong metal prices.

    Anglo America gained 1.2%.

    "Gains across the board for commodities are looking like the main driver," Henry Croft, research analyst at Accendo Markets, said.

    "It's definitely the risk assets that do get hit when you see geopolitical tensions rise. Alongside that you have a mixed overview for British banks, what's going to happen in the future - it's looking less and less likely that we're going to see a Bank of England rate hike."

  17. Bright side of the eclipse...

    A total solar eclipse is visible across the United States on Monday for the first time in nearly a century.

    That has many excited, including the businesses and cities that see the celestial event as opportunity to sell more products and boost tourism.

    Michelle Fleury reports.

    Video content

    Video caption: How to cash in on a solar eclipse