Amazon asks to test-fly drones, big tobacco deal expected, is Gap stumbling again?

THE FORTUNE DAILY Friday, July 11

Amazon asks FAA for go-ahead to test its delivery drones Amazon's Prime Air delivery service can carry packages as heavy as five pounds to customers' homes with drones that can fly as fast as 50 miles per hour.

WATCH: China's coal problem As China's economy has boomed, so too has its dependence on coal. Writer Richard Martin gives you an inside look at the environmental impact of China's energy footprint.

Imperial Tobacco in talks with Reynolds, Lorillard UK-based cigarette maker looking to expand in the U.S. Deal would reshape the tobacco industry.

Is Gap stumbling again? The retailer appears to be returning to its losing ways as sales stumble in June.

By Philip Elmer-DeWitt Reuters blows it. Apple PR springs in action. For the blind and deaf, Apple leads the pack. Woe betide the wire service reporter who gets that wrong.

By Dan Primack Can a new owner fatten up Slim-Fast? A private equity investor explains his plans for the iconic weight-loss company.

By Geoffrey Smith Local investors miss out on sizzling Chinese tech stocks In the run-up to Alibaba's IPO, Chinese investors aren't allowed to buy many of the country's stock market stars.

Central bank examines Bank of China money-laundering allegations

Wells Fargo's credit performance continues to improve

Wells Fargo, World Cup bets and free Slurpees — what to know today

Europe calmer but Espirito Santo down again despite reassurances

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