Two drivers on ridesharing service Uber have been accused of two, separate sexual assault incidents in Los Angeles over the last week. One of the two women victims has filed a lawsuit alleging that Uber has a "toxic culture for women inside the company and for women riders on the road." The first incident involved a groping incident on June 9th. MORE

UCLA , a limited partner in venture capital investment fund Binary Capital , has pulled its committment to the venture fund over the weekend, after Managing Director Justin Caldbeck was accused of unwanted advances towards women. UCLA had been one of the venture capital fund's first investors. Caldbeck is accused of unwanted sexual advances on women pitching the fund for investments. READ MORE>>. ucla binary capital limited partner venture sexual harassment MORE

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. MORE

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. MORE

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. MORE

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 MORE

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. MORE

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 MORE

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>>. MORE

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. MORE

solar developer PermaCity Inc. has completed the world’s most powerful solar rooftop generating project in San Pedro, company and L.A. city officials announced Monday while touring the facility MORE

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>>. MORE