Hanjin’s creditors ready to provide $90 million in funds

McDonald’s says the president of its U.S. business is retiring, the latest executive change as the company tries to reinvent itself.

Smith & Wesson seen profiting from gun boom
Smith & Wesson is set to report financials for its July quarter, and all signs point to bang-up profits for the gunmaker.

Theranos withdraws new Zika test after FDA inspection: WSJ
Blood-testing firm Theranos withdrew its request for emergency clearance of a Zika-virus blood test, The Wall Street Journal reported.

Beijing bans pretty much all Western-style entertainment news
Beijing has forbidden entertainment news reports that promote “Western lifestyles” or poke fun at Chinese values, the SCMP reports.

Uber is ending taxi and van services in Hong Kong to focus on ride-sharing
Car-hailing firm Uber is putting the brakes on its taxi and van ­services in Hong Kong, effective from Monday, the SCMP reports.

Cramer on Apple’s Irish tax: ‘A deal’s a deal’
Jim Cramer said that the European Union was being retroactive when it ordered Ireland to recoup millions in taxes from Apple.

Happy birthday, Warren Buffett! Here’s another $2 million
Warren Buffett has averaged a gain of wealth of $2 million per day, for every day of his life.

Peaks, troughs and hacking: Why would anyone invest in bitcoin?
Bitcoin has had a hectic year, with prices spiking and high-profile thefts, but experts defend it as a viable investment.

Clinton proposes plan to address mental health treatment
Hillary Clinton rolled out a comprehensive plan to address millions of Americans coping with mental illness.

Fox calls ex-host Tantaros an ‘opportunist’, wants lawsuit sent to arbitration
Fox News struck back against a former anchor, filing a motion to move her sexual harassment lawsuit into arbitration, the NYT reports.

Hershey falls more than 11% after Mondelez says it has ended merger talks
Mondelez said on Monday that it has ended discussions with Hershey about a possible combination of the two companies.

California almond haul could crack records, sparking supply concerns
The drought is easing in parts of California, and this year’s almond harvest looks to be a record haul.

American Airlines names new president as predecessor leaves for same role at United
American Airlines President J. Scott Kirby will leave the company and take the same role at United Continental, the companies said Monday.

Colorado energy stocks move higher after anti-fracking ballot effort fails
Energy stocks with Colorado oil and gas exposure are rallying following news anti-frackers failed in a ballot effort.

HSBC executive pleads not guilty to US charges in forex-related scheme
HSBC exec said not guilty to charges that he helped in a fraudulent scheme to front-run a currency transaction by one of the bank’s clients.

What is going on at the Google X moonshot factory?
People who have left X and those close to it describe the unit as sputtering, unable to bring projects to life, Recode reports.

US drone innovations to take off with new laws
Clearer skies are ahead for American businesses betting on drones as new rules by the U.S. Federal Aviation Authority (FAA) go into effect Monday.

Men charged in shooting of NBA star Wade’s cousin were brothers on parole
Two brothers on parole for prior criminal activity have been charged in the shooting death of the cousin of NBA star Dwyane Wade.

Embarrassing! G-20 host city Hangzhou has one of China’s worst airports
The Hangzhou city airport has been condemned by authorities as one of the worst-managed in the country, SCMP reports.

A cheaper airbag, and Takata’s road to a deadly crisis
Takata’s airbags are now at the center of the auto industry’s biggest recall, The New York Times reports.

Judge says he has ‘concerns’ on information given to Sumner Redstone
A Massachusetts probate court judge said Friday he has “some concerns” about how much information was being given to Sumner Redstone.

Richard Branson on bike crash: ‘My life was literally flashing before my eyes’
Richard Branson says he thought he was going to die after flying head first off his bicycle in the British Virgin Islands.

FDA advises Zika screening for all US blood centers
The Food and Drug Administration wants all U.S. blood banks to start screening for Zika virus.

Op-Ed: Got a serious case of the summer Fridays in your office?
Does your office have a serious case of the summer Fridays…every day? Here are four tips to juice productivity.

From berries to cheese, farm sector reaping millions through Depression-era program
Farm incomes are sinking amid low crop prices, and one fix getting more use is a Depression-era surplus food purchasing program.

China, US to ratify landmark Paris climate deal ahead of G20 summit
China and the U.S. are set to announce their ratification of a landmark climate change pact before the G20 summit, the SCMP reports.

Apple boosts iPhone security after Middle East spyware discovery
Apple says it is issuing a security update after powerful espionage software was found targeting an activist’s iPhone in the Middle East.

Stay active: Fund managers that beat the UK markets
Some active fund managers are able to significantly outperform the markets, a report by TD Direct Investing shows.

Ex-Comverse CEO pleads guilty to fraud, a decade after fleeing US
Former CEO of Comverse Technology pleaded guilty to securities fraud on, a decade after fleeing the U.S. to avoid prosecution.

7 lessons on failure from a guy who’s sold businesses for millions—and fallen flat on his face
If you’re not succeeding, it may just be that you’re not failing enough. Here are 7 lessons from James Altucher, who is a pro at succeeding—and failing.

Why the DOJ’s decision is not a death sentence for private prisons
Investors may have overreacted when they ran from private prison stocks after the DOJ announced an end to their contracts.

China’s runaway bosses a symptom of the country’s economic woes
Wanted posters for fugitive debtors are the main images that flash up on a big electronic screen in downtown Yixing, the SCMP reports.

How to make money as a social media ‘micro-influencer’
Marketers are now turning to “micro-influencers” and you could cash in so long as you have a social media account.

What’s stopping luxury goods groups in China moving from bricks to clicks?
China’s luxury consumers are moving beyond bricks and mortar and going online for their next python-skin handbag fix.

Are podcasts missing out on a huge – and lucrative – audience?
From its first appearance in internet searches 12 years ago to the show “Serial”, podcasting is a popular form of entertainment.

U.S. trade judge clears Fitbit of stealing Jawbone’s trade secrets
The ruling dashes Jawbone’s hopes of securing an import ban against Fitbit’s wearable fitness tracking devices.

Brexit two months on: Markets recover but political uncertainty lingers
Markets may have calmed following the Brexit vote, but analysts are still contemplating the uncertainty surrounding the decision with the political sphere yet to find its complete footing.

Are crickets the new lobster? The case for eating insects
You may not be interested the food-made-of-bugs industry, but the food-made-of-bugs industry is interested in you. Buzzfeed reports.

Mylan execs gave themselves raises as they hiked EpiPen prices
As Mylan’s EpiPen prices rose by more than 400 percent, pay for its top executive jumped by more than 600, NBC News reports.

Andrea Tantaros of Fox news claims retaliation for sex harassment complaints
A suit filed by Andrea Tantaros, a former Fox News host, says the network “operates like a sex-fueled, Playboy Mansion-like cult.” The NYT reports.

This is a man’s world: Wage gap for mothers can reach 33%, study finds
The gender wage gap can reach 33 percent for women after childbirth, according to study into the gender wage gap published today.

Martin Shkreli weighs in on EpiPen scandal, calls drug makers ‘vultures’
A growing chorus is calling on the Mylan pharmaceutical company to justify its price hikes on EpiPens, NBC News reports.

Steve Wynn doubles down on Macau with lavish new $4.1 billion casino resort
The $4.1 billion Wynn Palace megaresort in Macau opened Monday as the world’s top casino market remains in a slump.

Canada’s Alimentation Couche-Tard to buy CST Brands for $3.67 billion
Alimentation said it would buy CST Brands for about $3.67 billion, as the company looks to strengthen its U.S. operations.

Speedo drops Ryan Lochte after Rio debacle, first sponsor to do so
The company said it “cannot condone behavior that is counter to the values this brand has long stood for.”

Pfizer near deal to buy cancer drug firm Medivation for almost $14 billion
Pfizer is in advanced talks to acquire Medivation for close to $14 billion, as it seeks to boost its oncology portfolio.

Start-up Hampton Creek, maker of Just Mayo, may face SEC investigation
Prominent start-up Hampton Creek, maker of Just Mayo, faces scrutiny from regulators for its business practices, the NYT reports.

New heights: Air Force wants to pay HUGE retention bonuses to fighter pilots
The Air Force is experiencing a shortage of pilots and sees retention bonuses exceeding $400,000 as one solution.

Deere shares jump 13%, plows past Street, boosts forecast
Deere stock rallied Friday after the farm equipment maker beat on fiscal third-quarter results and raised guidance.

Big economic boost expected as Night Tube kicks off in London
London could finally become a 24-hour city with the arrival of its long-awaited round-the-clock London Underground services this weekend.

Amtrak names ex-Norfolk Southern chief Moorman as its new president and CEO
Amtrak announced Friday that it has tapped Charles Moorman as its next president and chief executive officer.

This ex-trader makes six figures … but lives at the beach
This former Lehman trader has never looked back since the company imploded. Now, he makes six figures … but gets to do it while living on Myrtle Beach.

Emerson Electric to buy Pentair’s valves business for $3.15 billion
Emerson Electric said it would buy pump manufacturer Pentair’s valves & controls business for $3.15 billion in cash, as it expand its core businesses.

Deere posts lower quarterly profit, raises full-year outlook