“As party chair I have a real good insight into what a lot of folks are dealing with.”
DURHAM — Cree introduced its first light-emitting diode bulbs for the retail market, debuting three varieties in Home Depot stores. The maker of energy-efficiency lighting previously sold LEDs only to commercial customers. The bulbs, which cost between $9.97 and $13.97, use 84% less energy compared with traditional ones and have a 10-year warranty.
WAKE FOREST — PowerSecure International purchased Huntersville-based Lime Energy’s energy-services subcontracting business, which helps make buildings more energy efficient, for $1.9 million. It will also assume $3.7 million in net liabilities. PowerSecure provides energy-technology services to companies and sells LED lights to customers such as grocery and drug stores.
RESEARCH TRIANGLE PARK — Lenovo named Jay Parker president of North American operations. He succeeds Gerry Smith, whom the Chinese computer-maker named senior vice president and general manager for North America.
RALEIGH — Highwoods Properties bought two 10-story office towers in Tampa, Fla., for $56 million, including $3.5 million in planned renovations. They are about 87% leased and adjacent to a building the company bought in 2009.
MORRISVILLE — TearScience raised up to $70 million from Stamford, Conn.-based HealthCare Royalty Partners to fund the commercialization of its dry-eye treatments. The private medical-device company’s products also diagnose the condition.
CARY — The New York Stock Exchange notified Dex One in late February that it was not in compliance with listing standards because its market capitalization had dipped below $100 million for 30 consecutive trading days. The digital advertising and marketing company, which also publishes Yellow Pages, is merging with Dallas-based SuperMedia in an all-stock deal that Dex says will push its market cap above $150 million. Its shares will continue trading as it appeals the ruling.