Apparently a "rogue" Standard Chartered Plc banking unit violated U.S. anti-money laundering laws by scheming with Iran to hide more than $250 billion of transactions. WTF Standard Chartered Plc? Reuters  See also: Crazy details. Business Insider. 

Strait Of Hormuz Attack Iran ‘Last Resort,’ Author Says. Bloomberg

"Moment of truth." Best Buy Founder Offers $8.8 Billion to Buy Out Company. Dealbook

Pimco Stock Push Stumbles As Gross Says Equity Cult Dead. Bloomberg

Berkshire’s Cash Hoard Swells As Buffett Pares Consumer Stocks. Bloomberg

Romney Persona Non Grata in Italy for Bain’s Deal Skirting Taxes. Bloomberg

Zaoui Brothers Establish New Firm. Dealbook

Once a diversifier, commodities now correlate highly with equities. Pensions & Investments

Commodities doldrums set to pinch earnings for Canadian financials. Globe and Mail

At Kinross, Tye Burt is gone but his troubled project remains. Globe and Mail

Brookfield drives growth with Brazil toll road investment. Globe and Mail

Swiss Banks Face Slow Death As Taxman Chases AssetsBloomberg

"The best entrepreneurs are business builders. They should keep a laserlike focus on precisely that and never deviate to please short-term traders." The Long-Term Value of Internet CompaniesDealbook