TOP NEWS

Amazon.com Challenges SoCal's Automotive Sites With Amazon Vehicles

E-commerce giant Amazon has made a move into the automotive research area this morning, challenging such local automotive information providers like Santa Monica-based Edmunds.com, Irvine-based Autobytel, Santa Monica-based TrueCar, Irvine-based Kelley Blue Book, plus El Segundo-based CarDirect....Continue →


Report: Apple Working On Snapchat Clone

A report, published Thursday by Bloomberg, says that Apple is working on a clone of the software from Venice, California-based Snapchat--in a bid to make a renewed push into the social networking area. The report said that Apple is working on video sharing, editing, and "filter" features within its mobile apps, which could be sent to contacts or to existing social networking sites....Continue →


Curology Finds $15M For Prescription Skincare Via Subscription

San Diego-based Curology, a startup which provides prescription, skincare medications to treat acne and aging, has raised $15M in a Series B funding round. The funding was led by Advance Vixeid Partners, and also included Sherpa Capital and Forerunner ventures. Curology offers up its medications via a monthly subscription, and sells directly to consumers. The company's founder and CEO is David Lortscher, MD....Continue →


Incipio Dumped At Altar By Skullcandy

Irvine-based electronics accessories maker Incipio has been dumped at the altar by Skullcandy, as the companies were about to finalize their acquisition deal, first announced back in June. Incipio--which was about to consummate the deal with Skullcandy, having recently passed antirust review of the acquisition--had offered up approximately $177M for Skullcandy in June. Instead, Skullcandy says it is selling itself to Mill Road Capital, a private equity investor, which says it will pay $6....Continue →


Viking Therapeutics Raises $12.5M In PIPE

San Diego-based biopharmaceutiacls developer Viking Therapeutics says it has raised $12.5M in a common stock purchase agreement, from Aspire Capital Fund. The company, which is publicly traded on the NASDAQ as VKTX, said the initial purchase came at $1.50 per share, with the remaining $12M to be purchase over the next 30 months at prices based on the market price. Viking Therapeutics is developing treatments for metabolic and endocrine disorders....Continue →


Twistory Entertainment Being Sold In Asset Sale

Santa Monica-based Twistory Entertainment Studios, which had been a mobile game development and graphic novel design company, is being sold in an asset sale, according to auction company CMA Auctions. CMA said that Twistory's assets--including all of its intellectual property and equipment--is being sold through an assignee for the benefit of creditors (or "ABC") sale on Monday, August 29th. Twistory Entertainment was founded in 2009, and had developed Ouch! Couch and other titles....Continue →


Qualcomm To Power Sustainability Efforts At Petco Park

San Diego-based Qualcomm is powering a new sustainability management effort at San Diego's Petco Park, the company said yesterday. According to Qualcomm, its subsidiary, Qualcomm Intelligent Solutions, along with OSIsoft LLC, are working with the San Diego Padres to reduce utility and water consumption at the ballpark, using Qualcomm's technology....Continue →


Accruent Founder Friedman Steps Away From CEO Role, Shifts To Chairman

Real estate management software developer Accruent, which was founded 20 years ago in Los Angeles by Mark Friedman, said today a that Friedman--its CEO for nearly 20 years--is shifting to become Chairman of the board. John Borgerding becomes CEO of the company. Friedman is stepping away from the CEO role four months after the company was acquired by Genstar Capital. Accruent still has offices in Los Angeles, but recently has been headquartered in Austin, Texas. Accruent was founded in 1995....Continue →


SpaceX Leasing New Space To Refurbish Rockets

Hawthorne-based SpaceX is gearing up to refurbish its growing collection of rocket boosters, and plans to lease a building in Port Canaveral, Florida, for those efforts, according to a report. A local Florida publication says that SpaceX has had to lease more room, as it has been successfully landing Falcon 9 rocket boosters. The company as six of those boosters that have been successfully returned to earth so far in one piece....Continue →


Interlink Electronics Names New CFO

Westlake Village-based Interlink Electronics said on Wednesday that it has named a new CFO, appointing David S. Burnett to the position. Burnett was previously Vice President and Treasurer at EnPro Industries, and also has served at PricewaterhouseCoopers LLP and Grant Thornton LLP. Interlink Electronics is a developer of force sensing and other hardware.Continue →


Digital Domain In VR Production Deal With World Surf League

Los Angeles-based studio Digital Domain says it is teaming up with the World Surf League (WSL), to bring immersive, 360 degree, virtual reality content to consumers, the company announced Wednesday morning. According to Digital Domain, it will offer up VR ocnetnt from Billabong Pro Tahiti, with a "virtual beachfront view" of the surf event. Those virtual reality videos will be available on the World Surf League Facebook page. Financial details of the deal were not disclosed....Continue →


REC Solar Taps Energy Industry Vet As CEO

San Luis Obispo-based REC Solar, the commercial solar and energy developer, said it has named Matt Walz as its CEO. Walz is a prior executive at Duke Energy, where he was for 12 years. Walz had already been on REC Solar's board of directors, as a result of Duke's investment in REC Solar. Duke Energy acquired a majority interest in REC Solar in 2015, and says it committed to invest up to $225M in projects financed through REC Solar....Continue →



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