Business

Durham's Validic teams up with Quintiles

November 24, 2015

(WRAL TechWire)

Durham-based Validic has signed contract-research organization Quintiles as a client, the companies said Monday. Under the partnership, Quintiles, also based in Durham, will be able to access patient-generated data from digital health devices and apps to help with clinical trials.

AAIPharma investing $15.8M in Wilmington expansion

November 23, 2015

(Greater Wilmington Business Journal)

The contract drug development company will add 37 jobs over three years; the number could climb to 50 by 2019. Wilmington-based AAIPharma will receive up to $550,000 in state and local incentives. The company employs nearly 400 people in Wilmington.

Group says offshore drilling a matter of 'when,' not 'if'

November 23, 2015

(StarNews, Wilmington)

Executives from Shell Oil joined the pro-drilling group Consumer Energy Alliance in Wilmington Friday to discuss the potential impact of drilling for oil and natural gas off the North Carolina coast. A Shell representative said offshore drilling in southeastern N.C. could bring new jobs to the Port of Wilmington.

Pfizer merging with Allergan to create world's biggest drugmaker

November 23, 2015

(WRAL.com)

Pfizer is merging with Allergan in a $150 billion deal, The Wall Street Journal reports. The smaller, Dublin-based Allergan will buy New York-based Pfizer, and the combined company will be based in Ireland, which has lower corporate taxes. Pfizer has increased its footprint in North Carolina over the last five years, most recently through its $15.2 billion purchase of Hospira.

NC jobless rate inches down a notch to 5.7%

November 23, 2015

(The News & Observer, Raleigh)

The state unemployment rate fell to 5.7% in October, down from 5.8% in the previous month. The number of unemployed workers decreased by 2,042. The jobless rate was as low as 5.3% earlier this year.

Wake Forest Baptist gets credit upgrade

November 23, 2015

(Winston-Salem Journal)

Standard & Poor's Rating Services changed its outlook for Wake Forest Baptist Medical Center from stable to positive based on an unexpected boost of reserves and "faster-than-expected rebound in operating performance."

Asheville leaders cope with region's growth

November 23, 2015

(Asheville Citizen-Times)

While Buncombe County's unemployment rate is among the lowest in the state – 4.3% in September – Asheville needs to add more recession-proof jobs in fields such as technology to ensure long-term stability. The Asheville metro area's population reached 442,316 in 2014, compared with 244,960 in 1969.

App developer adding 98 jobs in Durham

November 20, 2015

(The News & Observer, Raleigh)

WillowTree, a Charlottesville, Va.-based tech company, will create 98 jobs in Durham, where it currently has a temporary office at American Underground. Average annual salary for the jobs will be $83,333. WillowTree's clients include AOL, GE, Johnson & Johnson and Time Warner.

Report: NC ski industry attracts more visitors than Carolina Panthers

November 20, 2015

(Carolina Public Press)

The five month ski season of 2014-15 contributed almost $200 million to western N.C.'s economy, according to a new report by Boulder, Colo.-based market research firm RRC Associates. More than 650,000 people hit the slopes at the state's six ski resorts. The increase in visitors bucks a national trend of decreased ski visits.

Citrix layoffs have minimal impact on Raleigh

November 20, 2015

(The News & Observer, Raleigh)

Fewer than five employees at Citrix Systems' downtown Raleigh office will lose their jobs in the software company's latest round of layoffs. Citrix said Tuesday it would cut 1,000 jobs as part of a restructuring and spin off its line of GoTo products into a separate company. The company employs about 600 people in Raleigh.