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Explosion, Crash Shake Up Firms’ Race to Stars

INSURANCE: Rocket policies spread out risk.A complex system of factors goes into landing coverage for rocket launches.

By Garrett Reim September 23, 2016 midnight   $$ Share

Panda Express Grows Alternative Investment Platform

The Panda Restaurant Group announced plans today to expand their family office’s investment platform by bringing in Founding Partner and Managing General Partner of Breakaway Capital Warren Woo, and former Managing Director at Wells Fargo & Co. Carey Do Kim to the investment arm of the Cherng Family Trust Office in Los Angeles.

Muirfield Acquired by New York Public Relations Powerhouse

Public relations powerhouse Prosek Partners has acquired Westwood-based Muirfield Partners for an undisclosed amount of cash and equity from Muirfield founder Mickey Mandelbaum.

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Laser Focus Feeds Facial Clinic’s Expansion Plan

BEAUTY: Skin Laundry sees low-cost service as opportunity to clean up.

Skin Laundry has fleshed out a business strategy with a focus on low-cost laser facials.

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Shops Still Game to Trade on Departed Brand Name

RETAIL: Owner of Fred Segal wants moniker gone on Melrose.

Owner of Fred Segal name says Melrose shopping district property needs to drop the moniker.

Auction House Sees Lots of Advantages in IPO

ART: Investment could lift Carlyle’s business but firm faces online sales risks.

Auctioneer Carlyle Galleries International is bidding on going public to boost its business prospects.

Postproduction House’s Founder Calls for Action

ENTERTAINMENT: Fall of Modern Videofilm pitched as sabotage by hedge fund.

Founder of Modern Videofilm frames the postpoduction firm’s collapse as a hedge fund scheme.

USC School of Social Work Gets $60 Million Donation and a New Name

University of Southern California alumni Suzanne Dworak-Peck donated $60 million to the private university’s school of social work on Wednesday, one of the largest contributions in history to a school of its kind. With Dworak-Peck’s hefty gift came a change to the school’s name, which has now been dubbed the USC Suzanne Dworak-Peck School of Social Work.

L.A. Promises Free Year of Community College Tuition for LAUSD Graduates

L.A. city officials launched a program Wednesday to guarantee all high school graduates within the Los Angeles Unified School District at least one free year of tuition-free community college education.

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Sinking Shipper Receives Bailout

Parent plans to sink $90 million into bankrupt Hanjin to get cargo moving at ports.

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Cocktail Offers Taste of Luxury

Restaurant taps rare rum in whipping up mai tai that will set you back $26.

Restaurant Here’s Looking at You has uncorked a $26 mai tai reliant on rare rum.

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Academy Looks to Spread out Emmys Action with Three Award Nights

TV: Academy looks to spread out Emmys action with three award nights.

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Streaming Services Make Local Production Splash

TV: Need for programs at digital platforms channels pilots to L.A.’s facilities.

Content demand from streaming services has taken a lead role in boosting local pilot production.

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Broadcasters Set to Tackle Rams’ Regular Season

SPORTS: Local offerings include new radio show with coach Jeff Fisher.

The Los Angeles Rams are ready for regular season football – and so are its broadcast partners.

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Private Equity Firm Opts for Dough, Sells Stake in Pretzel Chain

Levine Leichtman Capital Partners, a Beverly Hills private equity firm, cashed in its chips – or pretzels – when it sold its majority stake in Pasadena pretzel chain Wetzel’s Pretzels to CenterOak Partners, a Dallas private equity firm.

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Pet Feeder Maker Petnet Raises $10 Million

Pet-care technology is a booming business. Just ask Carlos Herrera, chief executive of automated pet feeder maker Petnet, whose downtown company just received a $10 million Series A round led by San Diego’s Petco Animal Supplies Inc. Online financial services firm Aspiration Growth and other undisclosed investors also participated.