The sublease startup, which is largely enjoyed but occasionally disastrous, is now out of New York—pending appeal—for violating the city's "hotel law." ... [There goes your summer vacay rental]

The once unthinkable is suddenly thinkable. Detroit emergency manager Kevyn Orr is considering whether the multibillion-dollar collection at the Detroit Institute of Arts should be considered city assets that potentially could be sold to cover about $15 billion in debt.

After success in Basel and Miami Beach, the folks behind Art Basel have added Hong Kong to their roster of fairs held annually. Throughout the weekend, more than 3,000 artists from over 240 galleries will be on hand at the inaugural e