That's all from the Business Live page today, but tomorrow will be a busy day! We are expecting results from department store John Lewis, for the six weeks ending 2nd January, to see how the retailer did during the Christmas and New Years period. 

We'll have more gadgetry news from the Consumer Electronics Show (CES) in Las Vegas. 

Monsanto will be releasing financial results, and the World Bank will be launching its winter edition of its Global Economic Prospects, so we can see how the global economy is developing. There's also a bunch of service economy data from Asia and Europe.

The Dow Jones closed a smidgen higher after a day of lagging - it closed up 0.05% higher to 17157.64 points, still dragged back by falls in China.

It was a busy day for automakers who reported sales figures - Fiat Chrysler shares close 0.78% higher after reporting a 19% jump in sales.

However, Ford shares were down 1.79% after its results disappointed.

Gun maker Smith & Wesson shares surged 11% after reporting an increase in sales ahead of Obama's speech on gun control measures.

Image source, Getty Images

US automobile sales totaled a record 17.47 million in 2015, figures from automotive research firmAutodata showed, external. 

The 2015 total, up 5.7% from a year earlier, just edged past the previous record of 17.41 million from 2000.

In December, the total number of light vehicle sales came in at a seasonally adjusted annual rate of 17.34 million units.

Huawei has announced two new smartwatches at the Consumer Electronics Show (CES) in Las Vegas, which are aimed at the female market. The wearables are called Jewel and Elegant. Huawei says that "for the first time", you can make a call directly from the watch, using a built in speaker.

Image source, Getty Images

Internet firm Yahoo has shut down its video hub Yahoo Screen after the website failed to attract viewers.

The closure is part of the company's efforts to cut costs as chief executive Marissa Mayer tries to make it profitable.

Ms Mayer redesigned Yahoo Screen 16 months ago to make it a competitor to YouTube and Netflix and more accessible to mobile users.

Read more on the BBC Business site.

As Ford announced its increased investment in driverless car technology, chief executive Mark Fields told the BBC during the Consumer Electronics Show in Las Vegas that the firm will not be commenting on whether or not it has snubbed Google when it comes to the in-car technology needed for its autonomous vehicles.

So how far along is Ford in its public-road-testing for the new cars? "We've been working on these for 10 years now, and we just got our license for public-road testing in California, and along with the tripling of our fleet, you can see how committed we are."

He adds that Ford will be "ramping up" its testing in the coming years - and disagrees that Ford is lagging behind competitors such as Google when it comes to driverless vehicle testing so far.

Image source, Getty Images

Apple is expected to cut production of its latest iPhone models by about 30% in the January-March quarter, compared with its original plans, according to Japanese news service Nikkei, external.

Inventories of the iPhone 6s and 6s Plus have piled up since its launch last September, production will be scaled back to let dealers go through their current stock, Nikkei added.

Image source, Getty Images

The 001 prototype Concorde supersonic jet first broke the sound barrier on 1 October 1969.

At the controls was Andre Turcat (second from left in picture), who was chief test pilot for Concorde from 1964 to 1976.

As well as flying Mr Turcat had a career in politics, serving as deputy mayor of Toulouse from 1971 to 1977 and was a member of the European parliament from 1980 to 1981.

Mr Turcat died aged 94 at home in Aix-en-Provence.

After suffering online and mobile banking problems since yesterday, HSBC issued this statement:

Image source, Getty Images

Twitter is considering a 10,000 character limit from its current 140 limit, says tech site Recode, external, citing sources.

As President Obama is giving a speech about new gun control measures:

Obama teared up while talking about the deaths of children from US gun crime. He is talking about new measures to regulate the gun industry.

He admits the full gun control measures will not happen during his presidency, however.

"The gun lobbies can't hold us hostage. We do not have to accept this carnage as the price of freedom," says President Obama while outlining the number of gun-related deaths in the US.

He is at the White House outlining gun control measures.

He is saying that he will hire more staff to increase background checks for gun purchasers.

Sales of guns rose ahead of his speech outlining new gun control measures.

Home Retail Group said , externalthat it rejected a takeover offer from Sainsbury's because it "undervalued" the company.

The supermarket now has until February to consider making another offer for the Argos owner.

President Obama has started his speech in the White House, outlining his measures on gun control.

Shares in gun makers have surged today after they reported increased sales in 2015.

The FTSE 100 closed 0.48% higher to 6,122.49 points.

Shares in Home Retail Group ended with a surge of 40% after it emerged that the firm rejected a takeover bid from supermarket Sainsbury's.

Sainsbury's shares on the other hand fell over 5%, making it the biggest loser of the day.

Shares in Next ended down 4.6% after disappointing financial results.

Image source, Getty Images

The Baltic Dry Index, a measure of the cost of transporting commodities, fell to record lows amidst China's economic slowdown, reports Bloomberg, external. The index fell 1.1%, below a previous record in December. 

All of the monitored vessel types fell, indicating that shipping activity decreased. Bloomberg added that while movement in stock markets are not directly correlated to shipping activity, both respond to movements in China's wider economy.

Shares in Home Retail Group have surged almost 40% to 137p per share, after it emerged that the company rejected a takeover bid from supermarket Sainsbury's.