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Teledyne Cuts Outlook On Sales Slowdown In Energy Markets

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Thousand Oaks-based Teledyne Technologies said this morning that it is cutting its outlook for the third quarter and full year, due to decline in sales in energy-related products. dollar and "challenging" capital spending environment impacting its results. The company also blamed a strong U.S. READ MORE>>.

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Xirrus Snags $23.5M For Wireless Networking

socalTECH

Thousand Oaks-based Xirrus , the developer of high speed, high performance wireless networking hardware, has raised another big chunk of financing, saying today that it has raised $23.5M Xirrus said the funding will go towards sales growth and its product. in a Series E funding round.

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Amgen Acquires Firm For $1 Billion

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Thousand Oaks-based biotech giant Amgen said Monday afternoon that it is acquiring Biovex , a Woburn, Massachusetts-based developer of treatments for melanoma and head and neck cancer. BioVex develops OncoVEX, a novel oncolytic vaccine in Phase 3 clinical development. READ MORE>>.