The headline a few days ago was the arrest of VW exec Oliver Schmidt during an ill-advised trip to Miami last week. But the DOJ also indicted five other top executives over their role in VW’s emissions cheating scandal. No word on extradition yet – NYTimes and WSJ

Mexico’s peso is taking it on the chin at the moment, as global investors flee the country’s financial markets – WSJ

Amazon’s revealed plans for a credit card aimed at Prime members that will reportedly offer five percent  back on all Amazon.com purchases and be offered without annual or foreign-transaction fees – WSJ

BBG says to worry less about Dow 20k and more about the 2.6 percent level on 10-year treasurys.  Bloomberg agrees – Bloomberg

The SEC’s given the nod for a major change in mutual funds—namely, putting an end to the non-negotiable nature of fund commissions – WSJ

Morgan Stanley, Credit Suisse, and other megabanks pushed a NY state court judge to kick lawsuits over nearly $2 billion in RMBS brought by Royal Park Investments—a stand-in for the former Belgian banking giant Fortis – Law360

A look at what the recently announced World Cup expansion plan means for “soccer’s hinterlands” [besides a billion more dollars for FIFA] – NYTimes

We know that video killed the radio star, but you can thank digital for killing radio itself.  [FM, at least, in Norway] – NYTimes