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The small Southern California city of San Fernando is facing a seven-figure fiscal crisis. But the town has been unable to address its money issues because the romantic entanglements of the city leaders are dominating the agenda.

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A British bank has agreed to settle charges that it illegally laundered Iranian money. The settlement with Standard Chartered was announced by New York banking regulators, who'd brought the charges just a week ago. The bank still is under investigation by the federal government. NPR's Jim Zarroli has more.

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A new movie in theaters today is titled "The Odd Life of Timothy Green." And film critic, Kenneth Turan, found the movie, itself, odd.

KENNETH TURAN: "The Odd Life of Timothy Green" is a when you wish upon a star fable in the old school Disney style. It's just the kind of inspirational family-friendly comfort food it feels churlish to rebuff. But though the film's heart is pure, its execution is so cloying and contrived it brings on tears of frustration.

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NPR's business news starts with the top man at The Times.

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MONTAGNE: The New York Times has named its new president and CEO. The man who got the job is Mark Thompson, a former BBC executive. Thompson will face a different business model from the non-profit British broadcaster. The paper is run by a board that's largely elected by a family trust.

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Home Depot says, from its vantage point, there seems to be a turnaround in the housing market. The nation's largest home-improvement chain reported a 12 percent increase in second-quarter earnings.

Joshua Stewart from Georgia Public Broadcasting has the details.

Once used mostly for one-time promos and marketing, Twitter is now something businesses are relying on to provide customer service. For instance, Southwest Airlines tweets to alert folks about delays. And Best Buy responds to questions and complaints via Twitter. And they're not alone.

Let's say you're thinking of ordering a pair of shoes online and you want to know the store's exchange policy. You could pick up the phone — but then you'll hear the old recording: "To ensure quality service, your call may be monitored or recorded."

Timothy Courtois' family had been worried about him for weeks. They repeatedly told police in Biddeford, Maine, that the 49-year-old was off his meds for bipolar disorder. And police were also told he had guns. But still, because he wasn't doing anything that rose to the legal definition of imminent threat, police said their hands were tied.

There are new glimmers of hope for the only known U.S. prisoner of war held captive in Afghanistan — 26-year-old Army Sgt. Bowe Bergdahl, who was captured by the Taliban more than three years ago. After lengthy discussions, it appears his captors may be more receptive than ever before to finding a way to send him home.

A couple of thousand years before the Egyptians preserved some of their dead, a much simpler society made the first known mummies.

The Chinchorros, the first mummy makers, lived about 7,000 years ago in South America, on the coast near the border between modern-day Peru and Chile. The desert area where they lived was so dry, dead people turned into mummies naturally.

Bud Selig, the commissioner of baseball, has persuaded his owners and the players to add an extra wild-card team to the playoffs, so now five teams per league will qualify.

Not only is this terrific for the fans, but Selig also wisely managed to make it so that the wild-card teams engage in a one-game showdown for the privilege of being the team that joins the three division winners in the battle for the league championship.

I have just the old-fashioned word for this newfangled development: nifty.

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A listener to sports radio station WWL noticed an uncanny resemblance. New Orleans Saints quarterback Drew Brees is the spitting image of the late U.S. President Rutherford B. Hayes. That is, long before the 19th president grew that long grey beard.

Brown became famous in the 1960s with her bestseller Sex and the Single Girl. In it, she urged single women to embrace careers and sexuality. The book led to a three decades long career editing Cosmopolitan. Brown took the magazine from dowdy home and garden coverage to a saucy handbook for single women.

President Obama continues his campaign bus trip across Iowa. He's traveling from west to east, drawing sharp contrasts with the Republican ticket. Obama warned some jobs could be in jeopardy if a wind power tax credit is allowed to expire, as Romney has proposed.

A quarter of the state is classified as being under "exceptional drought" — the highest level recorded. As creeks and riverbeds dry up, farmers are drilling deeper wells to get water for their crops. Now the state is cutting back its permits because of environmental concerns.

This is the second in a three-part series about major American networks trying to appeal to a broader Latino audience.

Every morning at 11:45, NBC News officials hold a conference call with their counterparts at sister networks to sort through stories of interest. Among those on the line are executives at CNBC, MSNBC and The Weather Channel; digital news editors; and executives at Telemundo, a Spanish-language broadcast network.

A power struggle on the Louisiana Supreme Court is headed to federal court this week. Lawyers are seeking to reopen an old voting rights case that gave the Deep South state its first black Supreme Court justice. What's at stake in the racially charged fight is whether Louisiana will now have its first African-American chief justice.

Google is shaking things up at its new subsidiary Motorola Mobility, announcing Monday that it will lay off 20 percent of the company's global workforce. Its strategy is to create a small division led by a technology star to spur innovation at the company that invented the cellphone.

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NPR's business news starts with a spike in gas prices.

Gasoline prices jumped 18 cents over the last couple of weeks. That's the biggest increase so far this year. The Lundberg Survey shows that heading into the weekend, the national average price of a gallon of self-serve was $3.69. Now, analysts say the spike is in part because of some refinery and pipeline issues around the country.

Researchers used economic principles to predict which countries would win the most medals at the London Olympic Games. The study was 95 percent accurate for the 2008 games. And this time around, it was 97.7 percent accurate.

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For more on this big weekend in politics, we turn to Cokie Roberts for some analysis. Good morning.

COKIE ROBERTS, BYLINE: Hi, Renee.

MONTAGNE: So we just heard in Ari's piece the excitement Paul Ryan is generating among the Republican faithful. Is that partly why Mitt Romney chose him as his running mate, to generate some of the kind of enthusiasm that has been missing from his own campaign?

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Over the weekend, GOP presidential hopeful Mitt Romney named Wisconsin Rep. Paul Ryan as his running mate. David Greene talks to Ryan Lizza, a reporter for The New Yorker, who recently profiled Ryan for the magazine.

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Egypt's first freely elected president made history there Sunday by confronting the military power structure. Mohammed Morsi forced top military leaders into retirement and shifted the balance of power to the civilian government. Analysts called it the boldest and most unexpected move of Morsi's fledgling presidency. NPR's Leila Fadel has the story from Cairo.

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