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SanDiego- and Los Angeles-based online video site Veoh is reportedly in the midst of a "major restructuring," according to a report from VentureBeat. Quoting a "source close to the company" VentureBeat said that the layoffs would be "drastic." Tags: veoh layoff jobs video content. READ MORE>>.
It all looked good at the time: oil company Exxon needed to develop a more earth-friendly way to produce oil, and SanDiego startup Synthetic Genomics needed funding to get its technology off the ground. But then, ExxonMobil cut back its original investment--worth up to $600M--in Synthetic Genomics. What happened?
metro area, SanDiego and Santa Monica. Spin, which began offering this on April 1, is making this available in Baltimore, Denver, Detroit, Los Angeles, Portland, San Francisco, Tampa and Washington, D.C. Noam Ohana, who heads up Exor Seeds, the holding company’s early-stage investment arm, will join Via’s board.
SanDiego-based Qualcomm says that its board of directors has decided to stay the course, and will make no change to the company's corporate and financial structure, after a strategic review by a special committee of its board. READ MORE>>.
SanDiego-based residential solar installer OneRoof Energy has cut its staff, and says it is in a major realignment of its business operations to tap into consumer services providers and partners, rather than invest in its own direct sales. Size of the cuts were not announced by the company.
SanDiego-based audio technology developer Turtle Beach said Monday that it is restructuring its HyperSound business, in a bid to lower the operating costs of that business. As part of that restructuring, the company said that investment banker Piper Jaffray is contiuing "exploration of strategic options"for that business.
SanDiego-based NextWave Wireless said today that it is discontinuing the operations of the firm's GO Networks unit, which developed wide area Wi-Fi networking equipment. The shutdown closely follows a 20 percent workforce cut, a $100M debt round and hiring of an investment banker at the firm. NextWave paid $13.3M
SanDiego-based wireless broadband technology firm NextWave Wireless said today that it has scored a new, $100M debt financing for the firm's business, and made cuts in its staff, along with hiring an investment banker. The company said the restructuring included a reduction in workforce by over 20 percent.
Layoffs Reflect New Turbulence at High-Flying 3D Robotics. AgTech Accelerator Aims to Sway Agriculture Investment Trends. Ben Fidler chronicles the rise of New York’s life sciences scene, from startups and investors to universities and nonprofits. Bruce Bigelow lays out the business challenges of drone companies such as 3D.
When Donald Trump heralded Ford’s announcement earlier this year that it would invest $1.2 billion in its Michigan plants, it was seen by some as the fulfillment of campaign promises to “bring jobs back” and put America first.
There is no Obamacare replacement, at least not as of this writing. The Senate Republicans are fractured, with a handful of conservatives and moderates each giving a cold shoulder to their chamber’s version of healthcare reform, the Better Care Reconciliation Act.
The 21st Century Cures Act is now law. New York wants to play in the biotech big leagues. The FDA under Trump will have license to approve drugs faster and could have a former top official back on board as commissioner. An eye drug failed, an Alzheimer’s drug got scrutinized, and a new antibiotic passed two key tests.
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