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Intuit Chops 120 In Woodland Hills

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The layoffs--first uncovered by the San Fernando Business Journal--apparently are due to a shift at the company towards more cloud-based services. Intuit had sold much of its Woodland Hills operations, Intuit Financial Services, to private equity firm Thoma Bravo back in July of 2013.

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Flywheel Expands Into Los Angeles, Ramps Up Taxi vs. Rideshare Battle

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Flywheel develops a mobile app which lets users hail local taxi companies, track locations, and pay with their smartphone, and says it has launched its service across Los Angeles, starting with Hermosa Beach, Long Beach, San Fernando Valley, and Pasadena.

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Precision Dynamics Buys TimeMed Labeling Systems

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San Fernando-based Precision Dynamics Corporation, a provider of identification and labeling products for the hospital and healthcare market, has acquired TimeMed Labeling Systems, which creates specialty healthcare labels, the firms said Tuesday.