Tue.Jun 27, 2017

Maersk Halts Operations at Port of Los Angeles After Cyberattack

L.A. Business Journal

Shipping giant A.P. Moller-Maersk shut down its operations at the Port of Los Angeles’ largest terminal Tuesday morning after a cyberattack hobbled its computer systems worldwide

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Fixing Uber: An Open Letter to the Next CEO

Xconomy

For starters, trust that my motives come from a good place. To date I have given such advice to only three CEOs— Ivan Seidenberg when he was CEO of Verizon , Apple CEO Tim Cook , and most recently, your predecessor.

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Trending Sources

Silicon Beach Report June 27: Maersk Halts Operations at Port of Los Angeles After Cyberattack

L.A. Business Journal

Maersk halts operations at Port of Los Angeles after cyberattack, Belkin starts selling backpacks and messenger bags and Snapchat pitches advertisers on advantages of Snapchat’s smaller audience

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R.E.D. Talks: Building a Successful Brand in LA [ LOS ANGELES ]

Tech.Co

R.E.D. Talks: Building a Successful Brand in LA. Speaker : Tracy Dinunzio , Founder and CEO of Tradesy. Hors d’oeuvres and cocktails served. SPACE IS LIMITED — REGISTER TODAY. link]. Tradesy—a ground-breaking e-Commerce business conceptualized and launched in Los Angeles by Tracy Dinunzio—has revolutionized the e-commerce industry. Tracy was an early pioneer of the trust-based online consignment shopping model, which enabled her to build a successful business around the new concept.

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More Trending

Eloxx Pharmaceuticals Raises $6M

socalTECH

Rehovat, Israel-based Eloxx Pharmaceuticals , which is a wholly owned subsidiary of San Diego-based Sevion Therapeutics , said it ha raised $6M as part of a Series C funding round. The funding came from Korea Investment Partners (KIP) and DSC Investments, and is part of the acquisition deal between Sevion and Eloxx. The companies said that Eloxx has now raised $30M in its Series C funding.

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Oncolytics Biotech Opens San Diego Office

socalTECH

Canadian biotech developer Oncolytics Biotech has opened up a new office in San Diego, the company said this morning, to tap into the area's reputation as a biotech hub. According to Oncolytics Biotech, the new office will support investor relations, business development, and clinical operations functions.

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Cornerstone OnDemand Wins Sylvan Learning

socalTECH

Santa Monica-based Cornerstone OnDemand , the developer of cloud-based employee learning, talent management, and human resources management software, has signed up Sylvan Learning as a customer. According to Cornerstone OnDemand, it will offer up learning communities, discussion boards and peer-to-peer learning and development to Sylvan Learning across more than 750 retail locations. Financial impact of the customer win was not announced. READ MORE>>.

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NantCell Ups Altor BioScience Acquisition Offer

socalTECH

Culver City-based NantCell , one of the companies that is part of Dr. Patrick Soon-Shiong's NantWorks group of companies, is acquiring Altor Bioscience. The deal is worth approximately $290M. According to NantCell, it will pay $2.00 in cash or NantCell common stock for each share of Altor BioScience stock, with an additional $4.00 in "contingent value rights" based on regulatory and sales milestones. NantCell said the price is a "significant premium" to recent equity financings.

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HireRight Names Marketing, Product VP

socalTECH

Irvine-based HireRight , which provides global employment background checks, drug and health screening, and electronic Form I-9 and E-Verify services, said Monday that it has named Kathleen Delaney as its Vice President of Marketing and Product. Delaney was previously Chief Marketing Officer for Vistage Worldwide, and also served at such firms as Aon Risk Solutions, LexisNexis, and Dow Jones and Company. READ MORE>>.

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