Triangle

Chapel Hill CEO killed in Maryland plane crash

December 9, 2014

(The News & Observer, Raleigh)

Michael Rosenberg, president and CEO of a Durham-based clinical research company, died Monday in a plane crash in Gaithersburg, Md. Rosenberg, who lived in Chapel Hill, founded Durham-based Health Decisions in 1989 and was a former manager at the National Centers for Disease Control and Prevention. Two other people on board the plane and three people on the ground also died in the crash.

42-acre mixed-use project near Crabtree Valley proposed

December 8, 2014

(The News & Observer, Raleigh)

Developers are planning a mixed-use infill project on 42 acres near Crabtree Valley in Raleigh. Plans for Glenwood Place, which would be co-developed by Raleigh-based Grubb Ventures and Charlotte-based Lincoln Harris, include a half-million square feet of offices, plus retail and apartments. The project could cost as much as $500 million to build.

Georgia-based engineering company moving HQ to Garner

December 8, 2014

(The News & Observer, Raleigh)

Conyers, Ga.-based Overland Contracting will move its corporate headquarters to Garner, where the company plans to invest $8.4 million and create 89 new jobs over three years. A subsidiary of Black & Veatch, Overland provides engineering, procurement and construction services for the energy, telecommunications and water industries.

 

Raleigh startup WedPics raises $4.25M

December 8, 2014

(WRAL TechWire)

Raleigh-based WedPics raised $4.25 million in a round of new funding and plans to increase its staff by 25%, according to CEO Justin Miller. Launched in 2012, the startup provides a mobile app that allows wedding guests to share photos ("Going to the chapels," September 2013).

Southern Pines' K2 Solutions could lay off 70 workers

December 5, 2014

(The Pilot, Southern Pines)

K2 Solutions, which trains dogs for military operations, could lay off as many as 70 of its 170 employees next month as military contracts that began in 2009 are expiring. Most of the layoffs will be at the company's Richmond County training center. The Southern Pines-based company's founder says the government is investing more in developing technological replacements for canines in the military.

Self-Help Credit Union opens first Triangle branch

December 5, 2014

(The News & Observer, Raleigh)

Self-Help Credit Union celebrated the grand opening of its first full-service branch in its hometown of Durham. The nonprofit community lender operates 20 branches across North Carolina.

Duke conference center to close for renovations

December 5, 2014

(The Herald-Sun, Durham)

Foodservice provider Aramark will close a conference center at Duke University's Fuqua School of Business for renovations in late January, affecting 67 employees. The center will reopen after 18 months.

 

GSK to cut 900 jobs at RTP

December 4, 2014

(The News & Observer, Raleigh)

London-based pharmaceutical company GlaxoSmithKline will cut 900 jobs at Research Triangle Park as part of a global corporate restructuring. Half of the affected employees will be offered jobs in a newly created business unit GSK is creating with Boston-based contract research organization Parexel. GSK employs 4,500 workers in RTP. Employees at a Zebulon manufacturing plant will not be affected by the cuts.

PPD founder Eshelman donates $100M to UNC

December 4, 2014

Fred Eshelman pledged $100 million to create a new research institute at UNC Chapel Hill's pharmacy school that bears his name. It's the largest individual donation the university has ever received. Eshelman founded Wilmington-based Pharmaceutical Product Development, which was sold in 2011 for $3.9 billion. 

Highwoods acquires Florida property for $68.3M

December 4, 2014

(The News & Observer, Raleigh)

Highwoods Properties acquired a 16-story office building in Orlando, Fla. for $68.3 million, the company announced this week. With the purchase of the 246,000-square-foot building, the Raleigh-based real estate investment trust now owns 1.5 million square feet of office in Orlando's central business district.

Google Fiber files legal paperwork in NC

December 3, 2014

(WRAL TechWire)

Indicating it could be planning to bring its high-speed fiber network to the Triangle area, Google filed legal paperwork with the N.C. Department of the Secretary of State under the corporate name "Google Fiber North Carolina LLC." The Mountain View, Calif.-based tech company said it will announce by year-end if it will build its fiber network in the Triangle and/or Charlotte.

Lee County wants Duke Energy to pay fees to bury coal ash

December 3, 2014

(The Charlotte Observer)

Lee County officials say Duke Energy should have to pay fees for burying coal ash in reclaim clay mines there, arguing that the project should be treated the same as a landfill. Counties are paid host fees of $2 or more per ton of waste under state solid-waste law. County officials say they were told about the coal-ash plan only a day before Duke publicly announced it.

UNC, NC State to offer joint degree in biomedical engineering

December 3, 2014

(The News & Observer, Raleigh)

UNC Chapel Hill and N.C. State University are planning to launch a joint degree in biomedical engineering. Pending approval from the UNC Board of Governors, the program could enroll its first students as early as next fall.

Analyst says Salix accounting problems "overdone"

December 3, 2014

(The News & Observer, Raleigh)

Analysts with Sterne Agee said Tuesday that Salix Pharmaceuticals' accounting concerns "may be overdone." The Raleigh-based drug-maker has lost 27% of its market value since restating drug-inventory levels in November. 

GlaxoSmithKline said to be planning US job cuts

December 2, 2014

(The News & Observer, Raleigh)

GlaxoSmithKline is expected to announce U.S. job cuts as part of a corporate restructuring, according to a report from Bloomberg News. The London-based pharmaceutical company employs about 4,500 people at its North American headquarters in RTP and about 500 at a manufacturing plant in Zebulon.

UNC Health Care to break ground on Chatham Park office

December 2, 2014

(WRAL.com)

Construction crews plan to break ground Tuesday at the site of a future UNC Health Care office that will be part of the 7,000-acre Chatham Park development in Pittsboro. Town commissioners are expected to vote as early as next week on the latest proposal for the massive development that will swell the town's population from about 3,000 to more than 60,000.

Raleigh's Eye Care Associates sold to Virginia chain

December 2, 2014

(The News & Observer, Raleigh)

MyEyeDr. acquired Raleigh-based Eye Care Associates for an undisclosed amount. Eye Care Associates was founded in 1978 by Dr. Stephen Bolick and has 27 stores. Vienna, Va.-based MyEyeDr. operates stores in fives states and the District of Columbia.

NC State's endowment could reach $1B by fiscal year-end

December 1, 2014

(The Charlotte Observer)

N.C. State University's endowment totaled $885 million in June, an increase of $382 million from 2010, and the school is planning a major fundraising campaign that could push the figure past $1 billion by June 2015. Duke University, Wake Forest University and UNC Chapel Hill are the only North Carolina universities where endowments have reached $1 billion. 

AT&T still committed to high-speed fiber in Triangle

December 1, 2014

(The News & Observer, Raleigh)

AT&T said in a letter to the Federal Communications Commission it still plans to bring its ultra-fast fiber network to 25 metro areas nationwide, including the Triangle. The telecommunications company said last month it had put construction plans for its gigabit Internet network on hold.

Attorney general appeals utility rate rule

November 26, 2014

(The News & Observer, Raleigh)

North Carolina Attorney General Roy Cooper appealed a state rule Monday that allows water utilities to raise rates without holding public hearings. The rule was approved in May by the N.C. Utilities Commission in a rate case for Cary-based Aqua North Carolina and applies only to private water-and-sewer utilities. The attorney general's office told the N.C. Supreme Court that the rule doesn't give enough consideration to customers.