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Company Plans Offshore Wind Farm Off Central Coast

socalTECH

A wind energy development company, based in Chicago, said it has secured an offshore wind lease off of the Central California Coast. According to Invenergy California Offshore LLC, it has secured a lease for 80,418 acres of seabed for operating an offshore wind development. THe bid was worth $145.3M.

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EDF Renewables, Shell In Joint Venture On 2500MW Offshore Wind Project

socalTECH

According to the two, the area has the potential to produce approximately 2,500 megawatts of offshore wind energy. The two companies said they have leased 183,353 acres about eight miles off the coast of Atlantic City for wind farms. Financial details of the joint venture were not announced. READ MORE>>.

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Wave Neuroscience Acquires Newport Brain Research Laboratory

socalTECH

Newport Beach-based Wave Neuroscience , a newly formed startup, says it has acquired a number of assets from Newport Brain Research Laboratory (NBRL), along with "many different onshore and offshore holding companies" owned by NBRL, as part of its efforts to provide non-invasive neuromodulation technology.

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Alorica Pays $275M For BPO Business, Tops 48,000 Employees

socalTECH

Alorica said it has also hired 1,500 nearshore employees in Jamaica and Mexico, 5,400 offshore employees in the Philippines, and 18,400 domestic employees to the company--bringing the company''s total employee base to over 48,000. Alorica said the combined companies will now have a projected $1.2 READ MORE>>.

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Teledyne Buys Bolt Technology

socalTECH

Thousand Oaks-based Teledyne Technologies said Wednesday afternoon that it has acquired Bolt Technology Corporation , a supplier of equipment for the offshore energy exploration market. per share cash for the publicly held company. According to Teledyne, it will pay approximately $171M for Bolt, or $22.00

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5 Recommendations Before Funding An Appealing Startup

Startup Professionals Musings

Even the hot new crowdfunding companies carefully don’t talk about their record of returns to investors. Look for these and investigate thoroughly to check the truth of every statement about the company. Ask for references, and call or visit previous “successes” of the company to verify experience and satisfaction.

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Former Qualcomm Exec Faces Charges In Insider Trading Case

socalTECH

The Securities and Exchange Commission has charged a former executive at San Diego''s Qualcomm , with trading stock in the company ahead of major announcements, via a secret offshore brokerage account. The SEC also charged his financial advisor, Gary Yin.

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