Los Angeles Business Journal

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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.

Lawsuit Targeting Composer Hans Zimmer’s ‘12 Years a Slave’ Score Dismissed

The lawsuit targeting iconic 58-year-old composer Hans Zimmer over his score for Academy Award-winning film “12 Years a Slave” has been dismissed. Plaintiff Richard Friedman voluntarily withdrew his complaint Thursday and apologized Zimmer in a letter, according to the composer’s attorneys.

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Macy’s Looks to Join Downtown’s Scene at Hip

RETAIL: Chain repositions store for young, educated residents; tourist shoppers.

Macy’s refashions downtown store with eye toward revitalizing chain’s prospects.

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Southern California Institute of Architecture to Launch New Post-Grad Programs

This fall, downtown L.A.’s Southern California Institute of Architecture (SCI-Arc) will roll out four specialized postgraduate programs aimed to groom architects for a wide range of twenty-first century careers. Hosted under the umbrella, Edge, Center for Advanced Studies in Architecture, the one-year degrees will be a Master of Science in Architectural Technologies, Master of Arts in Entertainment and Fiction, Master of Science in Design of Cities, and Master of Science in Design Theory and Pedagogy.

Ports Labor Slowdown Led to Greater Air Pollution in 2015

Congestion last year at the ports of Los Angeles and Long Beach contributed to a rise in greenhouse gas emissions, port officials have reported.