LA BUSINESS JOURNAL DAILY NEWS

Silicon Beach Report Oct. 10: Daqri Founder and CEO Brian Mullins Steps Down

Daqri founder and CEO Brian Mullins steps down, Aerojet Rocketdyne to demo combined-cycle hypersonic engine and Snapchat is building a secluded R&D lab in Lehi, Utah.

Daqri Founder, CEO Brian Mullins Steps Down

Downtown augmented reality developer and headset manufacturer Daqri announced on Tuesday that its founder and chief executive, Brian Mullins, had resigned.

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Consumer Group Blasts Jerry Brown Over Newhall Ranch Project

The organization Consumer Watchdog has issued a statement asking whether Gov. Jerry Brown should sign a bill that would benefit the Newhall Ranch project in Santa Clarita since Brown’s sister sits on the development company’s board.

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Children’s Hospital L.A. Awarded $9M to Study ‘Bubble Boy’ Syndrome

Children’s Hospital Los Angeles has received a nearly $9 million federal grant to research a new treatment for infants born with severe combined immunodeficiency, commonly known as “bubble boy” syndrome.

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Sean Parker's Institute Backs Cancer Firm ImaginAb's $8M Funding Round

ImaginAb Inc., an Inglewood immune-oncology imaging company, has teamed up with a San Francisco cancer institute to launch human clinical trials after receiving $8 million in new funding.

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Silicon Beach Report Oct. 9: GM’s Self-Driving Unit Acquires Pasadena Tech Company

GM’s self-driving unit acquires Pasadena tech company, SpaceX launches third set of Iridium Next satellites and Hulu dives into eSports with pact for four shows from ESL.

Lion Capital Acquires Stake in Premium Denim Maker Paige

Santa Monica private equity firm Lion Capital has acquired an undisclosed stake in Compton premium denim maker Paige, according to West L.A.’s Sage Investment Banking, which advised Paige on the transaction.

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GM’s Self-Driving Unit Acquires Pasadena Tech Company

‘Lidar’ laser tech helps measure distance to obstacles

General Motors Co. announced on Monday that GM Cruise, its self-driving car subsidiary, had acquired Strobe, a Pasadena startup developing a technology that uses lasers to measure distances to other objects.

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L.A. Times Names New Editor-in-Chief, President

Lewis D’Vorkin has been named editor-in-chief of the Los Angeles Times and Mickie Rosen has been named president of Los Angeles Times Media Group, the company announced Monday.

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Mountain High Management Completes Buyout of Resort

The management team of the Mountain High has purchased the winter resort from Ski Resort Holdings, an affiliate of Studio-City-based Oz Real Estate, according to a company announcement on Friday.

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Silicon Beach Report Oct. 6: Tetra Tech Inc. Wins $356M Contract to Modernize FAA

Tetra Tech Inc. wins $356 million contract to modernize FAA; Andelman and Mullin, VC vets, announce new venture; and Jessica Alba's Honest Co. slashes its valuation below $1 billion.

Andelman and Mullen, VC Vets, Announce New Venture

Two veteran L.A. venture capitalists have formed Bonfire Ventures, a Brentwood VC firm focused on software for businesses.

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Tetra Tech Inc. Wins $356M Contract to Modernize FAA

Tetra Tech Inc. of Pasadena announced on Thursday that it had been awarded a $356 million contract to provide engineering and technical support services to the Federal Aviation Administration.

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Herbalife Closes $600 million Stock Buyback

Herbalife Ltd. said Friday it had closed its $600 million stock buyback. The announcement, coupled with the anticipation of further buybacks, sent shares up by 10 percent in early trading.

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SEC Qualifies Fatburger’s $24 Million Initial Public Offering

The U.S. Securities and Exchange Commission has given the go-ahead to the $24 million initial public offering planned by Fatburger’s parent company, paving the way for the company to begin trading on the Nasdaq later this month.

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Silicon Beach Report Oct. 5: Mattel Cancels Artificially Intelligent Baby Monitor Over Privacy Concerns

Mattel cancels artificially intelligent baby monitor over privacy concerns, career guide Fuel50 raises $2.5 million and SpaceX president slams space regulations.

City of Hope Wins $13 Million Grant to Fight Aggressive Brain Cancer

Researchers at City of Hope National Medical Center have won a $13 million grant to fund a clinical trial employing CAR-T cell immunotherapy to kill brain cancer.

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Opportunity Funds Expands Lending Program Statewide

Opportunity Fund, a nonprofit lender for small businesses, has expanded its pilot Community Partner Program from the Los Angeles region to include San Diego, the Central Valley and Northern California.

Investors Drop $17.4M on Two Multifamily Portfolios in Long Beach

Two multifamily portfolio transactions in Long Beach have closed for a total of $17.4 million, according to an announcement from Marcus & Millichap, which brokered the sales.

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CBRE Agrees to Acquire Atlanta Design, Engineering Firm

CBRE Group Inc. said it had agreed to acquire Heery International Inc., an Atlanta-based project management, design and engineering company, for $57 million.