The Art Market’s Reaction to Trump? Sales This Week Offer First Test

At Rockefeller Center on Sunday, milling outside Christie’s sales rooms — where private clients sipped mimosas as they took in one of Monet’s grainstacks — people in the art world sounded guardedly optimistic about how the auctions will perform this week, after a period of uncertainty exacerbated by the contentious American presidential election, Britain’s “Brexit” … Read more

Siemens Buys Software Maker Mentor Graphics for $4.5 Billion

Siemens AG agreed to buy Mentor Graphics Corp. for $4.5 billion in its biggest acquisition since 2014 as the German engineering company extends its industrial software capability. Siemens will pay $37.25 a share for Wilsonville, Oregon-based Mentor, the industrial giant said in a statement on Monday. That’s 21 percent above the closing price on Friday. … Read more

Toyota to pay up to $3.4 billion to settle US truck lawsuit

Toyota will pay up to $3.4 billion to settle a class action lawsuit brought by US pickup and sport utility vehicle owners whose vehicles lacked adequate rust protection. Court filings show that the settlement reached Oct. 31 covers 1.5 million vehicles, dealing a financial blow to the Japanese automaker whose trucks were subject to corrosion … Read more