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LivingSocial Shuts Torrance Facility, Cuts 400

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In a major Los Angeles area layoff, daily deals and offers service LivingSocial is closing a sales facility in Torrance, and cutting 400 employees throughout the company, as part of a restructuring. livingsocial torrance layoff jobs employment daily deals restructuring marketing' READ MORE>>.

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Pelican Products Names Consumer Marketing Chief

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Torrance-based Pelican Products said on Monday that it has named Jennifer Lim as its Director of Marketing for its Consumer Division. Pelican, best known for its protective cases, develops a range of products for the huntin and fishing, adventure, personal electronics, photography, and other markets.

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Intellisense Spins Out Of Physical Optics Corporation

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Torrance-based Physical Optics Corporation (POC), a military, defense, and security integrator, said this morning that it has spun off a new company called Intellisense Systems, Inc. According to POC, Intellisense Systems will also be based in Torrance, and will employ 83 people, with $24M in revenues.

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Phenomenex Acquired By Danaher

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Torrance-based Phenomenex , a manufacturer and distributor of consumables for the life sciences market, said today that it has been acquired by Danaher Corporation. Phenomenex will remain in Torrance, and continue operating under its current brand, personnel, and site locations. READ MORE>>.

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Tocagen, Forte Biosciences In Merger

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The newly merged company will operate under the name Forte Biosciences, and trade on the Nasdaq Capital Market as FBRX. The merged company will focus on Forte's late-stage clinical program for treating atopic dermatitis. READ MORE>>.

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CarParts.com Expands Board

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Torrance-based CarParts.com , which operates an online marketplace for car parts, said this morning that it has added a new member to its board of directors. The company said that it has added Dr. Lisa Costa, Chief Information Officer at the U.S. The company said Costa oversees a $1.2

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Phyn Taps Into $10M More For AI-Powered Plumbing Monitoring Device

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Torrance-based Phyn , the developer of the remarkably advanced water monitoring technology spun out of Belkin, said today that it has raised another $10M in funding, from current investor Uponor. According to Phyn, the new investment will go towards market penetration and to scale the company's operations. READ MORE>>.