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  • Tuesday, July 29, 2014

    Amgen To Cut Nearly 3,000

    Thousand Oaks-based biotechnology giant Amgen said Tuesday that it plans to cut 2,400 to 2,900 staff, including at its headquarters location, and will also close facilities in both Washington and Colorado. According to Amgen, the move is part of a restructuring plan to improve its cost structure. As part of the move, Amgen said it will also consolidate staff into less buildings in the Thousand Oaks area....Continue →

  • Tuesday, July 29, 2014

    Fisker Automotive Bankruptcy Plan Okayed

    The Costa Mesa-based company once known as Fisker Automotive--now known as FA Liquidating Corp. and FAH Liquidating Corp.--has received court approval of its Chapter 11 plan. According to the companies, the company received approval from the United States Bankruptcy Court for the District of Delaware on Monday to sell itself to Chinese company Wanxiang Group Corp., for $149.2M. Fisker had filed for bankruptcy protection back in November of 2013. Fisker had raised more than $1....Continue →

  • Tuesday, July 29, 2014

    Kixer Raises $1M In Seed Funding To Connect App Makers, Publishers

    Los Angeles-based Kixer, which was founded by Keith Bonnici, Jake Moilanen, and Omar Nicola, has raised $1M in a seed funding, for the company's native advertising platform. Kixer develops a native advertising platform which helps mobile app developers reach users via online publishers. B The funding came from TenOne Ten Ventures, Lowercase Capital, as well as angels, including Clark Landry and other local investors. Bonnici was previously SVP Operations at Scopely....Continue →

  • Tuesday, July 29, 2014

    PaxVax Finds $62M For Vaccine Efforts

    PaxVax, a biopharmaceuticals company developing vaccines for infectious disease, has raised $62M in a funding round. The funding included $50M in secured debt from Pharmakon Advisors, and $12M in a Series B extension round. The company is backed by Ignition Ventures, Ignition Growth Capital and the Blue Haven Initiative. According to PaxVax, the new equity funding brings its total to $80M in equity raised by the company....Continue →

  • Tuesday, July 29, 2014

    SolarReserve Wins Deal In El Salvador

    Santa Monica-based utility-scale, solar power project developer SolarReserve has scored a win in the country of El Salvador, saying recently that it has signed a contract to supply 20 MW of power there. The deal is part of a competitive supply contract tender from Distribuidora de Electricidad del Sur, a local electricity distribution company in El Salvador. SolarReserve said the plant will be the first, utility-scale solar power installation in El Salvador....Continue →

  • Tuesday, July 29, 2014

    Pogoseat Gets $2.3M

    Santa Monica-based Pogoseat, which develops mobile apps to allow people to get upgraded seats at events on the same day--or even during the event--has raised $2.3M in a funding round. The funding came from Structure Capital, SK Ventures, Zelkova Ventures, KDDI, Golden Brain Open Innovation Fund, Tylt Lab, Universal Music Group, Kima Ventures, XG Ventures, Joshua Schacter, plus the owners of both the Sacramento Kings and Golden State Warriors. PogoSeat is led by Evan Owens....Continue →

  • Tuesday, July 29, 2014

    Sapphire Energy Names New CEO

    San Diego-based algae energy technology developer Sapphire Energy has named a new CEO, saying that it has appointed James Levine as President, CEO, and member of the company's board of directors. Levine is the former President and CEO of Verenium, and also served at Goldman Sachs & Co. Levine replaces Cynthia 'CJ' Warner, who remains chairman of the company's board. Sapphire Energy is developing algae-based fuel technology, which uses algae and feedstock to create biofuels....Continue →

  • Tuesday, July 29, 2014

    VIZIO Dangles TV, Some Money To College Students In Contest

    Irvine-based television and electronics manufacturer VIZIO said this morning that it is offering up a 40 inch television, sound gear, and $1,000 toward tuition, a $1000 for books, and more to college students, as part of a promotion. Vizio explained that its contest involves uploading a video or photo essay about a "story of determination" on how students went to college, to compete for those prizes. VIZIO said the contest runs through August 19th....Continue →

  • Tuesday, July 29, 2014 Names Editor-in-Chief

    Los Angeles-based socially conscious lifestyle magazine and website TakePart--which is owned by Participant Media--said it has named Eric Noe as its Editor-In-Chief. The socially responsible website said that Noe was most recently at ABC News Digital, where he had spent 10 years. TakePart said Noe will be responsible for day-to-day content operations, editorial strategy, and other efforts.Continue →

  • Tuesday, July 29, 2014

    Zadara Upgrades Storage Options

    Irvine-based cloud storage technology developer Zadara Storage, which is led by Nelson Nahum, said today that it has begun offering 5 TB hard disk drives as part of its enterprise-focused, storage-as-a-service offerings. The company said the support of the higher capacity disk drives will allow for better cost efficiency for its customers. Zadara both offers its service in the cloud, as well as installed on premise.Continue →

  • Monday, July 28, 2014

    Hulu In Deal With 'Manhattan'

    Los Angeles-based Hulu said Monday that it has signed a deal for subscription, video-on-demand rights to the new television show "Manhattan." Financial details of the deal were not disclosed. Hulu said it will make new episodes of season one of the series following the Sunday night airing on WGN America. The deal also will provide the five, most recently broadcast episodes of the series available for free on →

  • Monday, July 28, 2014

    Eventure Interactive Finds $4.1 Million

    Costa Mesa-based Eventure Interactive, a developer of social, photo sharing applications, said last week that it has raised $4.1M in funding from Kodiak Capital Group as well as angels. The funding said $3M of the funding came from private equity group Kodiak Capital Group, with the remainder from family offices and high net worth individuals. Eventure is led by Gannon Giguiere. The firm is OTCBB listed.Continue →

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