Wednesday, June 28, 2017
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Port of Los Angeles Operations Still Halted By Global Ransomware Attack
The Port of Los Angeles, which saw operations at APM Terminals shut down on Tuesday due to a global cyberattack, is hoping to resume activity either tonight or tomorrow, according to reports, but was still closed as of Wednesday afternoon. APM Terminals is owned and operated by global shipper Maersk, which was shut down on Tuesday due to the Petya ransomware outbreak. Maersk shut down both its IT and communications infrastructure are a result of the cyberattack. That attack shut down banks, airp (More info...)

posted on Wednesday, June 28, 2017(Full story)

SpaceX Falcon 9 Returns To Los Angeles
The first stage of the SpaceX Falcon 9 rocket launched on Sunday from Vandenberg Air Force base has just returned to Los Angeles, to the Port of Los Angeles, after a successful landing on Sunday afternoon. The Falcon 9 was used to launch ten Iridium satellites into space. The Falcon 9 successfully landed on the drone ship "Just Read the Instructions", which was just towed back to port on Wednesday. SpaceX has not said if it will re-fly the first stage of this particular rocket, however, it has a (More info...)

posted on Wednesday, June 28, 2017(Full story)

Wonder Finds Funding For Mobile Games
Los Angeles-based Wonder, a stealth mode, mobile gaming startup, said on Wednesday that it has raised a Series A funding round. The funding came from Grishin Robotics, TCL Communication Holdings Ltd., pop star Shakira, Kevin Spacey, plus 8VC, Greycroft Partners, and Moonshots Capital. The company says it has now raised $14M in total. Wonder's CEO is Andy Kleinman.

posted on Wednesday, June 28, 2017(Full story)

DAQRI Selects Flex For Augmented Reality Headset Production
Los Angeles-based DAQRI, a startup which is developing augmented reality headsets and software, has selected contract manufacturer Flex to build its AR headsets. Flex (formerly known as Flextronics) said it will start manufacturing DAQRI's headsets in Cork, Ireland, beginning this summer. Flex also said it will manage logistics directly to the consumer and provide after-market services including repair and maintenance for DAQRI. Financial details of the deal between the companies were not announ (More info...)

posted on Wednesday, June 28, 2017(Full story)

XPRIZE Launches Online Sci Fi Anthology
Los Angeles-based prize competition company XPRIZE is trying its hand out as a publisher of literature, saying today that it has launched a new online science fiction anthology site, Seat 14C, which takes a look at what the year 2037 could look like. XPRIZE said the new collection of original stories features such writers as Margaret Atwood, Gregory Benford, Paolo Bacigalupi, Bruce Sterling, Hugh Howey, and Mike Resnick. XPRIZE said the new anthology is written from the perspective of passengers (More info...)

posted on Wednesday, June 28, 2017(Full story)

Toshiba Sues Western Digital Over Unfair Competition
Irvine-based Western Digital has just been sued by Toshiba Corporation, which is seeking $1 billion in damages for what it says is violation of the Unfair Competition Prevention Act. According to Sohiba, it filed a lawsuit in the Tokyo District Court against Western Digital Corporation, a U.S. company, and its subsidiary Western Digital Technologies, Inc. Toshiba cited Western Digital's actions related to Toshiba's attempted sale of a joint venture. Toshiba claims that Western Digital does not (More info...)

posted on Wednesday, June 28, 2017(Full story)

j2 Global Completes $650M Fundraising Effort
Los Angeles-based j2 Global says it has completed its previously announced, $650M offering of senior unsecured notes, in a private placement, which nets the company $636.4M after expenses. j2 Global is using the new funds to pay off an existing credit facility, and also for general corporate purposes, which it says may include more acquisitions. The notes carry a 6 percent interest rate and are due in 2025.

posted on Wednesday, June 28, 2017(Full story)

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