Museum of Contemporary Art

September 24, 2009, The Los Angeles Times - The Museum of Contemporary Art, revealed to be in dire financial straits late last year, said today that it has raised nearly $60 million since December, hailing the figure as indication of a turnaround at the institution.

The Metropolitan Museum of Art in New York City has announced that it will lay off more than a quarter of its merchandising staff, eliminating 74 jobs in addition to the 53 it cut last year, the New York Times reports.