A Bentley racing car priced at $2.16 million and paintings by Picasso , Renoir and others each worth as much as $22 million will be among the highlights at two new art fairs in London in June as the city lures collectors.
Tencent Holdings Ltd. fell the most in 13 months in Hong Kong trading after China’s biggest Internet company posted profit that missed analyst estimates and said a slowing economy is paring advertising growth.
Carl Icahn’s hostile bid for Lions Gate Entertainment Corp. was set back by a New York judge’s decision to let a board member vote shares acquired in a deal that diluted the billionaire investor’s stake in the company.
Analysts predict Goldman Sachs Group Inc. will pay $1 billion or more to settle a Securities and Exchange Commission fraud suit that triggered a 26 percent drop in the firm’s stock, Bloomberg News’s Jesse Westbrook and David Scheer report. Extracting such a record-setting penalty may be easier said than done.