Business
Durham drug company raises $102M in IPO
April 12, 2013
(The News & Observer, Raleigh)
Durham-based drug developer Chimerix raised $102 million in its initial public offering Thursday, exceeding the company's expectations. The company does not have a drug on the market yet.
Morrisville e-commerce company plans IPO
April 12, 2013
(The News & Observer, Raleigh)
Morrisville-based e-commerce software maker ChannelAdvisor hopes to raise nearly $86.3 million by going public. It wants to use the money to expand sales and marketing and its international presence.
Financial-support firm to hire 250 in Raleigh
April 12, 2013
(The News & Observer, Raleigh)
New York-based Ipreo Holdings, a company that offers market intelligence and technology to investment banks, plans to open a downtown Raleigh office, hiring 150 workers by the end of the year and 250 by the end of 2017.
South Charlotte housing market should benefit from MetLife decision
April 12, 2013
(The Charlotte Observer)
Insurance giant MetLife's decision to open an office that will hire 1,380 workers in Ballantyne Corporate Park in south Charlotte is expected to help home sales near the business park.MetLife is establishing a retail hub in the city.
RTP biotech company raises $14.5M
April 12, 2013
(The News & Observer, Raleigh)
Research Triangle Park-based AgBiome, an agriculture biotechnology company, raised $14.5 million in venture-capital funding.
Two sentenced in $37M Charlotte mortgage fraud
April 12, 2013
(The Charlotte Observer)
Two defendants were sentenced to more than five years in prison each for their roles in a $37 million mortgage fraud that targeted home buyers in the Charlotte area.
Tensions rise between Charlotte, regional neighbors over airport bill
April 12, 2013
(The Charlotte Observer)
Some Charlotte leaders are angry because nearby counties are supporting an effort to take Charlotte Douglas International Airport from city control and establish an independent authority to run the airport. Several officials questioned if Charlotte should support regional efforts such as toll roads for its neighbors.
Wilmington home sales rise in March
April 12, 2013
(StarNews, Wilmington)
Wilmington home sales rose 8.4% in March to 486 compared to the year before, the best performance since 2007, when 660 homes sold.
Fewer North Carolina companies offer health insurance
April 11, 2013
(The Charlotte Observer)
Fewer North Carolina workers have access to employer-sponsored health insurance, according to a new study. In 2000, 69% of employers offered coverage, but that dipped to just 56% in 2011 -- the fifth-biggest percentage drop in the country.
UNC campuses safe from closure this year
April 11, 2013
(The News & Observer, Raleigh)
None of UNC's 17 campuses across the state will be closed in the next two years, state legislative leaders said, but they didn't take it off the table for the future.
