Triangle

SAS to offer software discounts for educators

November 18, 2014

(The News & Observer, Raleigh)

SAS will offer universities and K-12 school districts deep discounts on its analytics software through a contract with a nonprofit organization that assists educational organizations in 41 states. More than 3,000 educational groups worldwide use SAS software for tracking enrollment and retention and for budgeting.

FCC asks AT&T to explain delay in fiber-network deployment

November 17, 2014

(WRAL TechWire)

The Federal Communications Commission has asked AT&T to better explain why it is delaying the deployment of its fiber network. The telecommunications company had planned to roll out its high-speed, gigabit Internet service in much of the Triangle and other parts of North Carolina, but said last week it has put a "pause" on network construction.

Study to look at safety and traffic flow in proposed Triangle rail corridor

November 17, 2014

(The News & Observer, Raleigh)

A coalition that includes local governments and the N.C. Department of Transportation has commissioned a $520,000 study to outline suggested safety improvements along a proposed light-rail corridor in east Cary and west Raleigh.

Duke's Fuqua tops list of MBA programs

November 14, 2014

(The News & Observer, Raleigh)

Duke University's Fuqua School of Business moved to No. 1 from No. 6 on Bloomberg Businessweek's ranking of full-time MBA programs. The rankings are based on a survey of company recruiters, a survey of graduating MBA students and published faculty research. UNC Chapel Hill's Kenan-Flagler Business School was ranked No. 12, up from No. 17.

Raleigh medical-device company files for bankruptcy protection

November 14, 2014

(StarNews, Wilmington)

Medical-device company Baxano Surgical has filed for Chapter 11 bankruptcy protection. The company, which makes surgical products to treat degenerative spine conditions, was formed when Wilmington-based TranS1 acquired San Jose, Calif.-based Baxano, then moved its headquarters to Raleigh.

Halle Cos. plans 300-acre mixed-use development near RTP

November 13, 2014

(The News & Observer, Raleigh)

The Halle Cos. plans to build 600 single-family homes, 600 apartments and retail shops on a 300-acre site near Research Triangle Park. The Silver Springs, Md.-based company paid about $10 million to acquire the property. Construction is expected to begin in the spring. 

Chatham Park developer hires veteran business recruiter, planner

November 13, 2014

(The News & Observer, Raleigh)

Preston Development Co. hired Ken Atkins, former director of Wake County Economic Development, to help recruit businesses to Chatham Park, a 7,200-acre planned community that is expected to grow the town of Pittsboro's population from about 4,000 to more than 60,000. Charles R. "Chuck" Smith, a landscape architect with Cary-based Withers & Ravenel, was hired to oversee design.

Former Salix CFO gets $130K in severance

November 13, 2014

(The News & Observer, Raleigh)

Adam Derbyshire, who resigned as CFO of Raleigh-based Salix Pharmaceuticals last week, will receive $130,484 in severance and will serve as a consultant for the drug developer through August 2018, according to a regulatory filing.

Raleigh's Highwoods to build Nashville headquarters for Bridgestone

November 12, 2014

(The News & Observer, Raleigh)

Raleigh-based Highwoods Properties was selected to develop a 30-story headquarters building for Bridgestone Americas in downtown Nashville, Tenn. The $200 million project totaling more than 500,000 square feet is expected to be completed by the third quarter of 2017. Highwoods owns 23 buildings in Nashville.

Duke completes acquisition of Wake County cancer clinics

November 12, 2014

(The News & Observer, Raleigh)

Duke Medicine completed its acquisition of Cancer Centers of North Carolina, formerly the state's largest private cancer clinic that at one time employed 19 doctors and more than 130 people. 

Durham ad agency lands Crocs account

November 12, 2014

(The News & Observer, Raleigh)

Durham-based advertising agency McKinney will handle global advertising for Crocs, the Colorado-based footwear company whose plastic clogs soared to popularity in the U.S. more than a decade ago. McKinney employs 160 people in Durham and 30 at a New York office. 

DOT plans improvements to Raleigh's Wade Ave. area

November 11, 2014

(WRAL.com)

The N.C. Department of Transportation will hold a public meeting Wednesday to present a $92 million plan for improvements to a 3.5-mile stretch of Interstate 440 in Wake County. Plans include expanding the road from two lanes to three, adding interchanges and replacing bridges. 

HCL leases four-story office building in Cary

November 11, 2014

(The News & Observer, Raleigh)

HCL has leased a 125,000-square-foot building off Regency Parkway in Cary. The India-based technology consulting firm announced in September it will invest $9 million to expand its local Global Delivery Center and add 1,237 jobs.

UNC professors call for changes regarding student athletes

November 11, 2014

(The News & Observer, Raleigh)

Faculty leaders at UNC Chapel Hill met Monday to discuss forming a new oversight committee for athletics and developing an ethics code for faculty. 

Cape Fear Valley begins restructuring of Harnett Health

November 10, 2014

(WRAL.com)

Cape Fear Valley Health will lay off 19 Harnett Health employees as part of a financial restructuring. The Fayetteville-based hospital system took over management of the financially troubled Harnett Health, which includes 101-bed Betsy Johnson Hospital in Dunn and 50-bed Central Harnett Hospital in Lillington, last week. 

Salix CFO resigns, shares fall sharply after third quarter loss

November 7, 2014

(The News & Observer, Raleigh)

Salix Pharmaceuticals announced an inventory audit of its best-selling drug and the resignation of Chief Financial Officer Adam Derbyshire, who had been with company since 2000. The Raleigh-based drug-maker reported a loss of $88.6 million – or $1.39 a share – in the third quarter; analysts had projected earnings of $1.56 a share. Revenue also fell short of analysts' expectations.

Lenovo reports disappointing 2Q revenue as China market cools

November 7, 2014

(The News & Observer, Raleigh)

Net income for China-based Lenovo rose 19% to $262 million in the second quarter, beating analysts' projections, but overall revenue fell short of expectations. Slow sales growth in China led to a 2% decline in that market. The world's No. 1 PC maker, which has its North American headquarters in Morrisville, this week launched a marketing campaign for its Yoga laptop in an effort to increase holiday sales.

Quintiles founder, private-equity firms to sell 13.3M shares

November 6, 2014

(The News & Observer, Raleigh)

Quintiles chairman and founder Dennis Gillings, along with three private-equity firms, plan to sell off a combined 13.3 million shares of the Durham-based company, bringing their combined stake to less than 50%. The contract-research organization will no longer be considered a controlled company, and it will no longer be exempt from certain New York Stock Exchange requirements that exist to protect shareholders.

Two Raleigh pharmaceutical-services firms to go public this week

November 5, 2014

(The News & Observer, Raleigh)

Both Raleigh-based PRA Health Sciences and INC Research are expected to go public this week. PRA looks to sell 18.6 million shares of stock priced between $20 and $23 each; trading is expected to begin Thursday. INC is expected to prices its shares on Thursday and begin trading on Friday.

UNC Chapel Hill faces new probe by accrediting body

November 4, 2014

(The News & Observer, Raleigh)

The Southern Association of Colleges and Schools will launch a new review of UNC Chapel Hill that will focus on the findings of the Wainstein report, which showed 18 years of academic fraud including no-show classes taken by more than 3,100 students. Following a 2012 review, SACS required the university to allow those students and graduates to take courses to make up for the bogus classes free of charge.