Triangle
Morrisville office building illustrates improving Triangle market
May 14, 2013
(The News & Observer, Raleigh)
Duke Realty is constructing a new office building in a Morrisville office park, and the company has preleased about half of the space, highlighting the growing and rebounding demand in the Triangle commercial real estate market.
Cary company hopes to use IPO proceeds to pay down debt
May 14, 2013
(Associated Press)
Cary-based Ply Gem Holdings stated in securities filings Monday it plans to sell its shares between $18 and $20 during an initial public offering and plans to use the proceeds to pay back debt and for general corporate purposes.
Durham newspaper to sell building
May 14, 2013
(The Herald-Sun, Durham)
The (Durham) Herald-Sun plans to sell its 23-year-old building in the city and lease or build a smaller office. The newspaper also plans to erect a pay wall for content.
Chimerix posts wider loss but analysts optimistic
May 14, 2013
(The News & Observer, Raleigh)
Durham drug developer Chimerix posted a quarterly loss of $9.1 million, larger than the year before, but analysts continue to be optimistic about the prospects of the company, which has several promising drugs in its pipeline. Chimerix went public last month.
Senate passes bill to make hospital bills more transparent
May 10, 2013
(The News & Observer, Raleigh)
The state Senate passed a bill that would require hospitals to post the prices for 100 common procedures online. The bill also would mandate that hospitals list how much large insurers, Medicaid, Medicare and the uninsured pay for the procedures.
Quintiles has strong first day of trading
May 10, 2013
(The News & Observer, Raleigh)
Pharmaceutical-services giant Quintiles posted a 5% gain at closing on its first day trading on the New York Stock Exchange. The Durham-based company raised about $950 million.
Software company adding 350 jobs in Raleigh
May 9, 2013
(The News & Observer, Raleigh)
Medical-software company Allscripts will add 350 to its local workforce of 1,266 as it consolidates operations from across the country.
Quintiles IPO expected this week
May 8, 2013
(The News & Observer, Raleigh)
Pharmaceutical-services giant Quintiles is expected to begin trading publicly Thursday, moving up the offering a day because of strong demand from institutional investors. The Durham company hopes to raise $790 million.
Consumer Reports gives Cree's new bulb positive review
May 8, 2013
(The News & Observer, Raleigh)
Consumer Reports gave Cree's new LED light bulb a positive initial review in its June issue, saying it performed favorably compared to an incandescent bulb.
Pantry earnings miss estimates
May 8, 2013
(The News & Observer, Raleigh)
Convenience-store operator The Pantry reported a $6.3 million loss in the second quarter, missing analyst estimates.
Pinehurst seeks to balance growth and history
May 6, 2013
(The Fayetteville Observer)
As Pinehurst prepares to host back-to-back U.S. Open tournaments next year, officials are debating how to balance growth with the village's traditional character.
Jobs in new energy often temporary, sporadic
May 6, 2013
(The News & Observer, Raleigh)
Jobs in energy sectors such as solar, wind and hydraulic fracturing usually peak during installation or initial drilling but then level off. Much of the work is temporary.
Halliburton seeks influence writing N.C. fracking rules
May 3, 2013
(The News & Observer, Raleigh)
Energy giant Halliburton is opposing a North Carolina fracking rule that would require companies to submit certain chemicals used that they consider trade secrets under seal in case of a public health emergency.
Duke Energy nixes plan to add reactor at Apex nuclear plant
May 3, 2013
(The News & Observer, Raleigh)
Duke Energy has canceled plans to add two new reactors at its Shearon Harris nuclear plant in Apex, saying slow growth means new units won't be needed for at least 15 years.
UNC Health Care adds Lenoir hospital to system
May 2, 2013
(The News & Observer, Raleigh)
UNC Health Care will purchase Caldwell Memorial Hospital in Lenoir, investing $35 million in capital improvements over the next five years, though the hospital will remain a private, not-for-profit. UNC has added several hospitals to its system within the past year.
Durham-Chapel Hill unemployment falls
May 2, 2013
(The Herald-Sun, Durham)
Unemployment in the Durham-Chapel Hill metro fell to 6.7% in March, its lowest level since December 2008 and better than 7.3% unemployment the year before.
Lawmaker tries to revive bill to kill renewable energy standard
May 1, 2013
(The News & Observer, Raleigh)
State Rep. Mike Hager, chairman of the House Committee on Public Utilities and Energy, said he plans to reintroduce his bill that would eliminate standards for how much renewable-energy sources utilities must purchase despite it being voted down already.
Southern Pines project aims to create 'epicenter'
May 1, 2013
(The Fayetteville Observer)
A mixed-used development in Southern Pines would include 260,000 square feet of commercial and retail space as well as apartments, and its developers tout the concept as an "epicenter of commerce" for the town, Pinehurst and Aberdeen.
Dex One, Supermedia close to completion after judge's approval
April 30, 2013
(The News & Observer, Raleigh)
A federal judge approved plans for a merger between Cary-based Dex One and Dallas-based Supermedia in a move that will also allow both companies to emerge from pre-packaged bankruptcy. The merger is expected to be completed this week.
Chimerix reports positive results for experimental drug
April 30, 2013
(The News & Observer, Raleigh)
Durham drug developer Chimerix, which went public this month, said its experimental antiviral drug had positive results for most human patients, and a third round of clinical trials will begin in several months.
