Triangle

State awards pay increases to in-demand workers

January 23, 2014

(The News & Observer, Raleigh)

A relatively small number of state employees will receive salary increases of up to 10% in an attempt to reduce employee turnover in high-demand jobs. Among the 3,221 employees who will receive pay raises are nurses, law enforcement officers, accountants and computer specialists. Overall, the state employs about 90,000 people.

 

Evalueserve to open knowledge center in downtown Raleigh

January 22, 2014

(The News & Observer, Raleigh)

Evalueserve has leased a 7,000-square-foot space in downtown Raleigh where it will hire 50 workers over the next six to 12 months to provide research and analysis for the financial services sector. The company previously announced plans to hire 400 workers by 2017; if it meets its goals for hiring and investment, Evalueserve will receive a state incentives package worth $2.95 million.

Durham drug development firm looks to raise $60 million from IPO

January 22, 2014

(The News & Observer, Raleigh)

Durham-based Argos Therapeutics filed a report with the Securities and Exchange Commission saying it hopes to sell 4.25 million shares of its stock for between $13 and $15 a share in an initial public offering. Argos is a drug development company that currently does not have any drugs on the market, but has several in development, including one for the treatment of kidney cancer.

McCrory says teachers will get pay raises, promises review of DHHS

January 22, 2014

(The News & Observer, Raleigh)

At a press conference on Tuesday, Gov. Pat McCrory outlined priorities for 2014, among them pay raises for teachers, a major review of the Department of Health and Human Services and continued emphasis on energy exploration including hydraulic fracturing and offshore drilling.

ARCA expanding again at its Mebane headquarters

January 21, 2014

(The News & Observer, Raleigh)

A recent expansion of its assembly line at its Mebane headquarters will allow ARCA, which makes cash dispensers for banks and credit unions, to add at least 40 workers this year. ARCA employs about 105 workers at the Mebane plant, including 40 it hired in 2013.

Lenovo reported to be in talks to buy IBM's server unit

January 21, 2014

(WRALTechWire)

Bloomberg News reported that China-based Lenovo, which has its North American headquarters in Morrisville, is discussing a potential deal with IBM to purchase its server unit. Lenovo purchased IBM's PC unit in 2005 and is now the world's No. 1 PC seller.

 

McCrory moving ahead with campaign promises one year later

January 21, 2014

(The News & Observer, Raleigh)

A year after Gov. Pat McCrory's inauguration, his approval rating is eight points lower than when he took office but he is moving forward with much of his legislative agenda, which includes cutting personal income and corporate tax rates.

Cary's SAS ranked second on Fortune list of top workplaces

January 17, 2014

(The News & Observer, Raleigh)

For the second year in a row, Cary-based software company SAS is ranked No. 2 on Fortune magazine's list of the best U.S. companies to work for, behind only Google. SAS has made the list every year since it debuted in 1998; this marks the 11th year it has been in the top ten.

Triangle companies raise more than $100 million during fourth quarter

January 17, 2014

(The News & Observer, Raleigh)

A total of 16 startups based in the Triangle area raised $106.8 million in venture capital during the fourth quarter of 2013, the most since the second quarter of 2008. Durham-based Phononic Devices, one of five companies that raised more than $10 million, brought in $21 million.

Doctors sue state over flawed NC Tracks billing system

January 17, 2014

(The News & Observer, Raleigh)

A group of seven medical practices has filed lawsuits against the state Department of Health and Human Services and three companies associated with the NC Tracks medical billing system, which has caused problems and delays with Medicaid claims processing since it launched July 1.

State suspends tax computer system after $90 million investment

January 16, 2014

(The News & Observer, Raleigh)

After investing $85 million on a tax computer system and an additional $5 million for unbilled work not yet paid, the state decided to cancel its contract with CGI Group, the Montreal-based contractor that also built the troubled HealthCare.gov site. 

Obama to announce NC State research consortium in Raleigh today

January 15, 2014

(The News & Observer, Raleigh)

Advanced manufacturing will be the focus of President Obama's speech when he appears today at N.C. State University, where he is expected to announce a new $140 million consortium of 18 companies and seven universities that will develop energy-efficient electronic chips and devices. The Next Generation Power Electronics Institute will be funded with federal, state and private funds.

UNC, NC State researchers discover solution to storing solar power for use at night

January 15, 2014

(The News & Observer, Raleigh)

A group of researchers led by a UNC Chapel HIll chemistry professor used nanoparticle engineering to develop a potential method of storing power generated by solar energy so that it can be used at night.

Cary retirement community sold for $23.8 million

January 15, 2014

(The News & Observer, Raleigh)

Cary's Jordan Oaks retirement community has been sold to Oregon-based Holiday Retirement, which owns more than 300 senior communities in the United States and Canada, for $23.8 million.

Morrisville's Anuva buys IES assets from PowerSecure International

January 14, 2014

(The News & Observer, Raleigh)

Contract manufacturer Anuva Services has acquired manufacturing equipment and parts, along with two dozen employees, from Wake Forest-based PowerSecure International's LED-based light manufacturer Innovative Electronic Solutions Lighting. Financial terms of the deal were not disclosed.

State GOP leaders form committee to study statewide impact of Affordable Care Act

January 14, 2014

(The News & Observer, Raleigh)

N.C. Senate President Pro Tem Phil Berger and House Speaker Thom Tillis announced the formation of a legislative committee to study the effects of the Affordable Care Act on the state's economy and residents, including investigations into higher premiums and canceled policies. 

McCrory's office studied casino proposal months before it was revealed to public

January 13, 2014

(The News & Observer, Raleigh)

New documents reveal Gov. Pat McCrory's office actively reviewed a proposal from the Catawba Indian Nation for a Cleveland County casino months before the plans for the project became public, then distanced itself from the deal as it began to draw fierce opposition from top state lawmakers.

Raleigh publisher acquires Durham photo vendor

January 10, 2014

(The News & Observer, Raleigh)

Raleigh publishing company Lulu has acquired Durham-based Replay Photos for an undisclosed amount. Replay sells licensed sports and professional photographs, while Lulu is best known for helping people self-publish books as well as calendars, CDs and DVDs.

Obama to make Triangle appearance next week

January 10, 2014

(The News & Observer, Raleigh)

A White House official said President Obama will visit the Raleigh-Durham area on Wednesday for an event on the economy where he is expected to begin mapping out his agenda for 2014.

State may not follow if Congress extends unemployment benefits

January 9, 2014

(The News & Observer, Raleigh)

If Congress decides to extend federal unemployment benefits, it will be up to Gov. Pat McCrory to decide whether or not to make those benefits available to unemployed workers who have exhausted their state-funded benefits.