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UC Regents to Consider $250 Million VC Fund

The University of California Board of Regents is set to hear a proposal that will establish a multimillion-dollar venture capital fund to back startups founded on student and faculty research. The Wall Street Journal reported the fund could be as large as $250 million.

USC Embarks on Major Expansion

With the demolition of its outdated University Village complete, USC was expected to formally break ground Monday on the $650 million first phase of its $1.1 billion two-phase master-planned Village at USC.

USC to Unveil Biggest Construction Project in University’s History

USC will unveil today the final design of a $650-million housing and retail complex just north of the main campus, the biggest construction project in the university's history, the Los Angeles Times reports.

Paper Chase

Some local financial executives talked about how the lack of a big-school business degree has impacted their career. So the Business Journal asks:

How important is a degree from an elite school for those who aspire to reach the top of their profession?

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Carwash Buyer Arrested for Money-Laundering

LEGAL: Investor among group accused in alleged drug cartel scheme.

A downtown L.A. investor who recently purchased a prominent South Park development site was among those arrested last week when federal agents raided the Fashion District in connection with an alleged money-laundering scheme for international drug cartels.

Snapchat Settles Ownership Dispute

Snapchat and co-founders Evan Spiegel and Robert Murphy have settled an ownership dispute with a former Stanford classmate who claimed to be behind the disappearing picture messages the app is known for.

College Rankings: Caltech Makes the Top Ten; UCLA Beats USC

In News & World Report’s annual list of university rankings, released Tuesday, UCLA placed 23rd, leaving crosstown rival USC trailing in 25th place, the Los Angeles Times Reports. But Caltech took the local cake, nabbing the title of 10th best school.

Universal Pictures Hires Former Disney Executive to Focus on Kids

Universal Pictures has hired former Disney executive Vince Klaseus as president of a newly created brand development division, according to Variety. Klaseus will help the company expand into the kids and family business.

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Learning By Degrees

Finance: Executives value relationships, experience over big-name business schools.

Finance: Local executives share how relationships and experience paid off more than a big-school business diploma.

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On Move

Boingo Wireless Chief Executive David Hagan has real connection with racing vintage cars.

Interview: Boingo Wireless’ David Hagan likes to disconnect from running mobile networks by racing cars.

Former Port of Los Angeles Chief Joins USC

Geraldine Knatz, who served as executive director of the Port of Los Angeles from 2006 until last year, has joined USC’s faculty.

Deferred Repairs Plague L.A.’s Infrastructure

The water main break that flooded the campus of the University of California is only the latest sign of the ongoing breakdown of L.A.’s roads, sidewalks and water system, officials said. It would take an estimated $8.1 billion to do the necessary repairs, according to the New York Times.

Immigration Efforts Should Include Education

Linda Smith homes in on educational efforts as a means to create countries that residents won’t flee.

Who’s Who in Real Estate: Gregory J. Karns

Gregory J. Karns began practicing real estate law more than three decades ago, and for most of that time he has worked almost exclusively with investors and lenders from Asia, particularly China.

USC, UCLA and CalTech Receive $3.75 Million Federal Grant

Southern California’s tech scene is getting federally funded. The National Science Foundation has awarded a three-year $3.75 million grant to establish an innovation hub, or “node,” in Southern California.

UC Campuses Ranked High in Washington Monthly

UC San Diego, UC Riverside, UC Berkeley and UCLA dominated the top spots in the annual “socially conscious” rankings of national universities released Monday by Washington Monthly magazine, according to the Los Angeles Times.

Could Buyer Refashion Clothing Industry Paper?

MEDIA: Shift into high-end weekly publication possible for Women’s Wear Daily.

New owner Jay Penske may retailor Women’s Wear Daily into a high-end weekly as he did with show-biz trade Variety.

San Fernando Valley Audio Book Producer Passes

Bob Deyan, who grew his San Fernando Valley business into one of the largest independent audiobooks producers, died on Tuesday in Santa Monica from complications of ALS. He was 56.

‘SNL’ Announcer Don Pardo Dies

Radio and television announcer Don Pardo, best known for his voice work on “Saturday Night Live,” died at the age 96. Pardo was a reporter for NBC who covered World War II and the Kennedy assassination, Variety said.

Regional Report

News and notes from communities across Los Angeles County

Avalon Laboratories Holding Corp., a Rancho Dominguez maker of catheters and medical tubing products, has been acquired by Nordson Corp., a Westlake, Ohio, parent company of a range of businesses with offices in more than 30 countries.

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