Triangle

NetApp expands in RTP; could add 150 new jobs

June 2, 2014

(WRAL TechWire.com)

NetApp opened a new 155,000-square-foot building at Research Triangle Park and a company spokesman said about 150 new jobs will be generated to staff it. The Sunnyvale, Calif.-based software company employs about 1,600 in RTP.

 

Triangle apartment vacancy rate rises as inventory grows

June 2, 2014

(The News & Observer, Raleigh)

The Triangle apartment vacancy rate rose to 7.6% in March, its highest rate since March 2010. Almost 10,000 new apartment units were under construction in March. Average monthly rent also increased by $15 to $913.

Motorola Mobility to close Texas smartphone plant

June 2, 2014

(WRAL.com)

Motorola Mobility will close a Fort Worth, Texas smartphone plant that opened barely a year ago by the end of 2014. Lenovo plans to acquire Motorola Mobility from Google once it receives regulatory approval. The Texas plant makes Moto X phones, which are sold by Raleigh-based Republic Wireless. The plant employs about 700 workers.

St. Augustine's announces furloughs, restructuring

May 30, 2014

(The News & Observer, Raleigh)

St. Augustine's University will eliminate 4% of its workforce and convert 10% of jobs from year-round to 10-month positions. The university also announced one-week furloughs for employees. The changes will save the struggling school $1 million. 

Durham startup markets fraud-detection app

May 30, 2014

(WRAL.com)

Durham-based CertiRx Corp. has developed a mobile phone app that detects fraud on drug packaging and academic documents.

McCrory signs bill to eliminate privilege taxes

May 30, 2014

(The News & Observer, Raleigh)

After gaining approval from the state House and Senate, Gov. Pat McCrory signed a bill that revokes the authority of local governments to charge businesses privilege taxes. Municipalities will lose an estimated $62 million when the change goes into effect July 1, 2015. The bill also includes a new tax on electronic cigarettes. McCrory is also expected to sign a bill that would fast-track fracking, allowing the state to issue permits for the practice as soon as next spring. 

NC House approves fracking bill

May 29, 2014

(The News & Observer, Raleigh)

The state House voted 63-52 Wednesday in favor of a bill that will allow the state to issue permits for fracking 61 days after new rules are approved. A final vote, likely to be held Thursday, is needed to approve the bill.

Durham's BioCryst to sell $100 million in stock

May 29, 2014

(The News & Observer, Raleigh)

BioCryst Pharmaceuticals is planning a $100 million public stock offering and plans to use the proceeds for general purposes and to fund its treatment for angioedema, a rare genetic disease that causes swelling of various body parts and airways. The Durham-based drug developer's stock rose 11% Tuesday after it reported positive results for the Phase 2 trial of the drug.

NC Senate budget plan boosts teacher pay, cuts teacher assistants

May 29, 2014

(The News & Observer, Raleigh)

The state Senate's budget plan, released Wednesday, offers an 11.2% average salary increase for teachers but cuts funds for teacher assistants nearly in half. The proposed budget also would cut funds for the state Justice Department from $82.3 million to $34 million and result in 638 job cuts, though some of those positions would move to the Department of Public Safety.

Gintzig to stay on as CEO of WakeMed

May 28, 2014

(WRAL.com)

Retired Admiral Donald Gintzig, who has served as interim CEO of 884-bed WakeMed Health and Hospitals, will assume the position permanently. Gintzig stepped in after longtime president and CEO Bill Atkinson resigned in September. 

RTP to share $1 million grant for STEM mentoring

May 28, 2014

(WRAL TechWire)

RTP was selected as one of seven communities nationwide to share in a $1 million grant to advance STEM mentoring. The RTP coalition of 41 companies and educational organizations was selected from 52 cities that applied for the national grant, which was sponsored by the US2020 organization and awarded at the White House on Tuesday.

 

Zaas named president of Duke Raleigh Hospital

May 27, 2014

(The News & Observer, Raleigh)

David Zaas will become president of 186-bed Duke Raleigh Hospital effective July 1. He replaces Richard Gannotta, who became president of Chicago's Northwestern Memorial Hospital in February. Zaas is chief medical officer for Duke University Department of Medicine. 

Pantry adds former BP America CEO to board

May 27, 2014

(The News & Observer, Raleigh)

The former CEO of BP America has joined the board of Cary-based The Pantry. The convenience-store chain, which primarily operates under the Kangaroo Express brand, brought on Ross Pillari for his fuel expertise. 

Raleigh real estate broker sentenced in mortgage fraud case

May 23, 2014

(The News & Observer, Raleigh)

Mark Henry Tkac was sentenced to 42 months in prison for his involvement in a real-estate flipping scheme that defrauded banks and lenders. Tkac, 49, was charged with conspiracy to commit mail, wire and bank fraud. 

Chapel Hill contract research organization growing

May 22, 2014

(The News & Observer, Raleigh)

Chapel Hill-based Rho will hire 24 workers to its existing 371 due to customer growth and repeat business from customers. The contract research organization has added about 36 workers since the beginning of the year.

Smartphone sales lift Lenovo's annual profit

May 21, 2014

(The News & Observer, Raleigh)

Lenovo's annual profit increased 29% to $817 million as revenue from its smartphone division nearly doubled and tablet sales quadrupled. The company, based in Beijing and Morrisville, paid $2.9 billion for Google's Motorola Mobility smartphone business in January. 

Merck passes on Chimerix HIV drug

May 20, 2014

(The News & Observer, Raleigh)

Merck has decided not to develop and commercialize an antiviral HIV drug it acquired from Durham-based Chimerix in 2012. Chimerix, which will lose out on $151 million in potential revenue from the deal, has focused on the development of brincidofovir, another antiviral drug that helps patients with compromised immune systems.

Triangle app startups look for ways to get noticed

May 19, 2014

(The News & Observer, Raleigh)

Triangle app companies discover that while starting a business is easy, developing innovative apps and figuring out how to make a profit from free or low-cost apps are the biggest challenges.

Moral Monday demonstrations to resume today

May 19, 2014

(WRAL.com)

Moral Monday protestors plan to return to Raleigh today, though the legislature enacted new rules last week that limit protests inside the state legislative building. Last year's weekly protests led to nearly 1,000 arrests.

Technology job market improves in April

May 16, 2014

(WRAL TechWire)

The number of information technology jobs posted in North Carolina in April grew 2.6%, based on a report from the North Carolina Technology Association. The increase follows months of disappointing jobs statistics for the industry, but still lags behind the national improvement rate of 7.3%.