A federal judge in Detroit ruled favorably on the city's "grand bargain" on Friday, approving the city's exit from Bankruptcy. We look at the role foundations played in bringing it about and the Foundation for Detroit's Future, which will be set up in the wake of the verdict.
On Tuesday night, Sotheby's brought in its highest total yet for a single auction: more than $422 million dollars. The record total owed a lot to the sale of two works — a Giacometti sculpture that went for $101 million and Van Gogh's "Still Life with Daisies and Poppies" fetched $61.8 million.
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