Tencent Holdings Ltd., Asia’s largest Internet company, surged in Hong Kong trading after first- quarter profit rose 60 percent because of online game sales and advertising revenue from its WeChat and QQ messaging services.
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.
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.