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Teledyne Technologies Lops Employees, To Close Facilities

socalTECH

Thousand Oaks-based Teledyne Technologies , an aerospace and electronics firm, announced Wednesday that the firm has cut six percent of its North American workforce, eliminated salary increases, cut employee stock option awards, and will also close or relocate five of its operating sites, as it looks to cut expenses.

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Inseego Aborts MiFi Sale, Launches Major Restructuring

socalTECH

According to Inseego, it has terminated its transaction with TCL--which has been stalled in regulatory review for over a year--and named both a new CEO and new Chairman of its board. Limited , and has embarked on a massive restructuring of the company. Inseego said it would immediately recommit to the Mi-Fi business. READ MORE>>.

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Ryan Blair, HashtagOne: From Gang Member, To Entrepreneur, To Anti-VC

socalTECH

He eventually founded and sold consumer health firm ViSalus to a public company and is now back making investments, in technology companies, as a venture capitalist here at Los Angeles-based HashtagOne (www.hashtagone.com). I had a sales force when I was at SkyPipeline, selling telecom, networking, and broadband wireless products.

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Biotech Roundup: Hellos, Goodbyes, “Cures” Delays And Trial News

Xconomy

All eyes are on Holmes, who is scheduled to present data from the company’s technology at a medical conference on August 1. million Series A to develop a drug, licensed from Columbia University, for the brain cancer glioblastoma… Lyndra , a Cambridge startup working on oral drug delivery technology, has received $5.4

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Biotech Roundup: Moonshots, Pink Slips, Gilead, Brexit & More

Xconomy

To boost the initiative, which aims to speed the pace of cancer research, FDA said it would consolidate its cancer review divisions under the Oncology Center of Excellence. The technology was funded by the Department of Defense and comes from MIT’s Lincoln Lab. PureTech also bucked the Brexit fallout this week.