Good nightpublished at 21:29 British Summer Time 6 September 2016
That is it from Business Live for today. Do join us again at 6am on Wednesday.
Summary
Sports Direct to add employee representative to its board
Shares in Sports Direct rise 5.9% after pledge to end zero-hours contracts
Pound jumps 1% against the US dollar
FTSE 100 falls 0.8% to 6,826 points
Good nightpublished at 21:29 British Summer Time 6 September 2016
Dow, Nasdaq, S&P up... but dollar downpublished at 21:15 British Summer Time 6 September 2016
The Dow Jones has closed slightly ahead on Tuesday, ending the day up by 0.3%, as did the S&P 500.
Meanwhile, the tech-based Nasdaq moved to a new high at 5,274.53 points.
But the dollar was down roughly 0.9% against the pound, with one dollar getting you 88.91 pence.
The pound meanwhile was at $1.3426 against the dollar, up by roughly 0.9%.
Zika virus puts Miami tourism on edgepublished at 20:57 British Summer Time 6 September 2016
Media caption, Florida's economy may suffer now the Zika virus is being locally transmitted.
In July, Miami became the first city on the US mainland to experience local transmission of the zika virus. Efforts to contain the virus are focused on two districts, home to two world-class tourist attractions, Miami Beach and the trendy neighbourhood of Wynwood. The local authorities are concerned that fears over Zika will harm the tourist industry. The BBC's Luis Fajardo reports.
Sports Direct: Never mind the ballotspublished at 20:43 British Summer Time 6 September 2016
BBC Business correspondent Emma Simpson tweets...
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End of twitter post'A historic day for European monetary policy'published at 20:30 British Summer Time 6 September 2016
Zero Hedge tweets....
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End of twitter postNow boarding...published at 20:11 British Summer Time 6 September 2016
So is Sports Direct the first UK firm to add a workers' representative to the board? The TUC says First Group got there first.
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End of twitter postGolden oldie or dead wood?published at 19:55 British Summer Time 6 September 2016
When you find yourself as the veteran in the workplace...
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End of twitter postAshley's 'no-brainer'published at 19:34
Chris Johnston
Business reporter
That "video statement" from Mike Ashley has arrived at BBC Towers. The Sports Direct founder says adding a workers' representative to the company's board will be a "great benefit".
"It is very difficult when you've not involved with everything that's going on and you're therefore not in touch with everything - that input is invaluable," he says.
"I think it will be the one no-brainer that Sports Direct should have been doing. I want to be the pioneer who gets it done ... I am going to make it happen."
Yesterday's newspublished at 19:18
Image source, Getty ImagesThe Wall Street Journal's Steven Perlberg tweets following Fox News presenter Greta Van Susteren's decision to resign today:
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End of twitter postMore (or less) Sports Directpublished at 19:06
We'd like to bring you more detail about that unexpected Sports Direct announcement, but sadly the statement, external only runs to the one sentence. So here it is in all its glory:
Quote MessageThe company announces that Mike Ashley will be making a video statement outlining that he has recommended (and the board has agreed) that in future there should be a worker's representative appointed to the Board of Sports Direct in order to give workers a voice at the highest level and to help ensure that all staff are treated with dignity and respect.
Mylan faces new EpiPen probepublished at 18:54
Image source, Getty ImagesNew York is investigating whether Mylan Pharmaceuticals broke the law by writing contracts to provide EpiPens to some schools systems, state attorney-general Eric Schneiderman said.
An insider said the New York attorney-general's office has subpoenaed documents from Mylan over the EpiPen scheme. There have been allegations that schools using Mylan's EpiPen4Schools program, which offers them to schools for free, were contractually barred from buying products from Mylan competitors for a year.
Senators Richard Blumenthal and Amy Klobuchar have asked the Federal Trade Commission to investigate the allegation.
Mylan did not immediately respond to a request for comment.
The move follows the outcry over huge price rises for the EpiPens in recent years.
Sports Direct board movepublished at 18:37
Breaking
Image source, Getty ImagesSports Direct plans to add a "worker's representative" to the company's board "to give workers a voice at the highest level and to help ensure that all staff are treated with dignity and respect".
It made the announcement in a statement issued almost two hours after the London market closed.
Sports Direct founder Mike Ashley will make a video statement outlining the move. We can't wait for that to land.
Its shares jumped almost 6% today - but are still down close to 40% since the start of the year.
Fox News settles Carlson lawsuitpublished at 18:24
Image source, APIt's not been a great day for the Fox News channel. First it settles a sexual harassment case brought against it by former presenter Gretchen Carlson for a reported $20m. The network has also issued an apology to the long-serving anchor.
Next, another presenter, Greta Van Susteren, reveals her decision to resign. Fox News has not given a reason for her abrupt departure after 14 years, but one source described it as a financial disagreement.
Ms Carlson's lawsuit resulted in the departure of Fox News chief executive, Roger Ailes, in July.
But Krugman says no post-Brexit recessionpublished at 18:11 British Summer Time 6 September 2016
US economist and Nobel prize winner tweets...
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End of twitter postUK recession risks still lurking ?published at 17:51 British Summer Time 6 September 2016
Pantheon Macro tweets...
War on Want joins the Sports Direct fraypublished at 17:39 British Summer Time 6 September 2016
Charity takes jaundiced view of company review...
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End of twitter postSturgeon announces £500m business fundpublished at 17:19 British Summer Time 6 September 2016
Nicola Sturgeon announces a £500m fund to help Scottish businesses as she sets out her government's plans for the next year.
Read MoreBanks drag FTSE lower at closepublished at 17:02 British Summer Time 6 September 2016
The FTSE 100 has closed down by 0.78%, or 53.37 points, at 6826.05.
Redrow, Wales' biggest house builder, had earlier said pre-tax profits had risen 23% to £250m.
Redrow shares were up nearly 9% by close. Other housebuilders were also boosted, with Berkeley Group, Persimmon and Barratt gaining strongly.
Bankers led the fallers, with Standard Chartered, Lloyds, HSBC and Barclays losing between 2% and 3%.
Top tips on getting a pay risepublished at 16:39 British Summer Time 6 September 2016
Dr Amanda Goodall explains...
Media caption, Women are 'as pushy on pay rises' as men but less likely to get it, a new study suggests.
'Veggie Pret' to staypublished at 16:22 British Summer Time 6 September 2016
Emily Young
Business reporter
Image source, Pret-A-MangerAn experiment with a vegetarian Pret-A-Manger is to become permanent.
Chief executive Clive Schlee said in a blog, external that he hoped to open more.
The company opened the store in Soho, London earlier this year. It expected sales to fall by 30% - but in fact found that they rose.