The downtown museum will purchase its building, incorporate artist residencies and add a cafe that will have a collaborative twist.
Category: Finances
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Film Academy Looks Overseas for Donors
The Academy of Motion Picture Arts and Sciences has announced a global $500 million campaign to shore up its financial future.
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Lawmakers Question Bank of America About Leon Black’s Payments to Epstein
A Senate committee sent a letter asking the bank whether it had adequately followed procedures before clearing $158 million in payments.
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Cyberattack Wreaks Havoc on Health Care Billing
The hack shut down the nation’s biggest health care payment system, causing financial chaos affecting a broad spectrum ranging from large hospitals to single-doctor practices.
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Met Opera Taps Its Endowment Again to Weather Downturn
The company has withdrawn nearly $40 million in additional funds from its endowment to cover expenses, but sees signs it may be emerging from its post-pandemic woes.
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Dick Wolf, ‘Law & Order’ Creator, Gives 200 Artworks to the Met Museum
Wolf has promised works by Botticelli, the Gentileschis and van Gogh to the museum, which is also naming two galleries for him thanks to a large financial donation.
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David Yoon on How He Learned to Spend Money on Love
I didn’t see the point of investing in candlelit dinners or surprise gifts. Then I met Nicki, who taught me that romance is not an extravagance.
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Hall v. Oates, No Longer a Mystery, Arrives at Court in Nashville
Daryl Hall has accused John Oates of committing the “ultimate partnership betrayal” when he moved to sell off his portion of a joint venture. Oates denies wrongdoing.
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New York City Ballet and Its Orchestra Reach Contract Deal
The agreement, which includes an increase in compensation of about 22 percent over three years, ends months of tense negotiations.
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Auctions in New York Reflect a Dip in the Market
While some risk was offloaded to third-party guarantors at the November series, and sales hit estimates, Sotheby’s saw a loss on a Rothko and seemingly the Fisher Landau collection.
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Cryptocurrency Prices Surge, Driven by a Potential Bitcoin Fund
Investors anticipate regulatory approval of an exchange traded fund linked directly to Bitcoin, which will they hope will encourage more people to invest in the digital asset.