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Gores Group SPAC Agrees to IPO With EV-Maker Polestar

A blank check firm backed by Beverly Hills billionaire Alec Gores has agreed to go public with Swedish electric carmaker Polestar, which also counts Hollywood actor Leonardo DiCaprio among its investors.

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Fisker Launches EV Development Division in the UK

Fisker Inc. is launching a specialty vehicle engineering and development division in the United Kingdom to be led by David King, former chief special operations officer at Aston Martin Lagonda Ltd.

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Mentorship Program Launches to Elevate Women in Fintech Industry

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Fi911, the sister company of Chargebacks911, has launched a new micro-mentorship program to empower female leadership across the thriving fintech and payments arena.

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World of Wonder Sets Bar for LGBTQ Media Production

In a media landscape where representation is becoming more important than ever, World of Wonder Productions Inc. kicked open the door for LGBTQ companies 30 years ago with a plan to create a platform for artists and creatives who were not being recognized in the mainstream media.

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Valley National Bancorp Buys Bank Leumi USA

Valley National and Bank Leumi will have a combined $1.1 billion in assets in Los Angeles County.

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Insurtech Sure Raises $100 Million in Series C Round

Sure Inc., a Santa Monica-based insurtech startup that embeds insurance software into everything from car-buying to renters insurance, has raised $100 million in a Series C funding round, Chief Executive Wayne Slavin said in an interview.

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The Silver Lining of Online Learning

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Why do students flock to the online learning environment?

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Car Leasing App Fair Gears Up for Relaunch

After a tumultuous 2020, Fair Financial Corp. is looking to get back on the road.

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International Business Forum Speaker: Debra J. Lodge

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Debra Lodge is a dedicated, inclusive, and adaptable Senior Management and Leadership Executive with proven expertise in driving top line strategy and bottom-line profit across complex global markets.

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Green Dot Halts Republic Bank Tax Business Acquisition

Republic Bancorp Inc.’s Republic Bank & Trust has filed a lawsuit against Green Dot Corp. for breaking its agreement to buy the Kentucky bank’s tax refund processing business for $165 million.

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Airport Commissioners Approve $6 Billion Plan to Improve LAX

The Los Angeles Board of Airport Commissioners voted Oct. 7 to recommend approval of the $6 billion Airfield Terminal Modernization Project.

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Brentwood Associates Invests in Service Management Group

Sawtelle-based private equity firm Brentwood Associates has made a strategic investment in Kansas City, Mo.-based Service Management Group, a software developer involved in management experiences.

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Honda Calls EV Tax Credit Bill ‘Unfair’

The bill would expand the consumer EV tax credit and provide an additional $4,500 for vehicles made by union labor.

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Platinum Equity Sells Electronics Manufacturer for $306 Million

Billionaire Tom Gores’ Beverly Hills-based Platinum Equity has agreed to sell PCI Ltd., an electronics manufacturing services provider based in Singapore, to a Canadian buyer for $306 million in cash.

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CRCD Lines Up $6 Million for Affordable Apartments

Coalition for Responsible Community Development, an affordable housing developer based in Historic South Central, has secured $6 million in financing to build 50 apartments for low-income families in Boyle Heights and further its expansion goals.

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ViacomCBS Partners With Recur on Paramount, Nickelodeon Property NFTs

ViacomCBS Inc. is getting into the NFT business.

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Rocket Lab Reschedules BlackSky Mission

Long Beach-based Rocket Lab USA Inc. has scheduled two dedicated launches for Seattle-based BlackSky Global in November, the company announced Oct. 11.

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Rocket Lab Acquires Advanced Solutions for $40 Million

The acquisition will strengthen Rocket Lab’s space systems portfolio and gives it a presence in Colorado, which has a large aerospace economy.

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Maersk Shipping Line Invests in WasteFuel

WasteFuel Global — which is turning municipal waste into aviation and ship fuel — has added the world’s largest container shipping line as a minority investor.

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How GoodRx Fended Off Amazon

GoodRx and its consumer-focused health care apps have managed to hold their own and even thrive despite an escalating threat from Amazon.com Inc.

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