Triangle

Bailout could lead to buyout of Harnett Health System

November 24, 2014

(The Fayetteville Observer)

Under the terms of its new 10-year management agreement with Dunn-based Harnett Health System, Fayetteville-based Cape Fear Valley Health could eventually buy out the financially troubled hospital system, which lost $24 million in 2013 and is projected to lose $16 million this year.

Raleigh's Republic Wireless ranked No. 1 prepaid carrier

November 21, 2014

(The News & Observer, Raleigh)

Raleigh-based Republic Wireless unseated TracFone as the top-rated prepaid cellphone provider in Consumer Reports magazine's latest ranking. Republic, a spinoff of Raleigh-based Bandwidth.com, allows users to make calls over wireless Internet networks with cellular service as a backup when Wi-Fi isn't available ("Calling Ahead," September 2013).

Gil stepping down as dean at UNC Chapel Hill

November 21, 2014

(WRAL.com)

Karen Gil will step down as dean of the College of Arts and Sciences at UNC Chapel Hill at the end of the 2014-15 academic year. She will return to teaching in the department of psychology. Gil, who became dean in 2009, was mentioned in the recent Wainstein report on academic fraud at the university but was not implicated in the scandal.

Duke -UNC football makes national debut

November 20, 2014

(The News & Observer, Raleigh)

For the first time, UNC Chapel Hill and Duke football teams will play each other in a prime time, nationally televised game on ESPN Thursday night. The Blue Devils must beat the Tar Heels and Wake Forest on Nov. 29 to secure the Coastal Division title, and UNC must beat either Duke or N.C. State in next week's matchup to become bowl eligible.

PRA raises $333M in initial public offering

November 20, 2014

(The News & Observer, Raleigh)

Raleigh-based PRA Health Sciences netted $333 million in its initial public offering. The contract-research organization sold 17 million shares at $18 each, below the $20 to $23 a share the company had projected, and its underwriters exercised an option to purchase an additional 2.5 million shares.

Pittsboro to review revised Chatham Park plan

November 20, 2014

(The News & Observer, Raleigh)

Preston Development and a group of investors will present a revised master plan for the 7,000-acre Chatham Park development to the Pittsboro Board of Commissioners on Monday. The new plan includes an additional 48 acres and revises the content of a few sentences in the developer's previous master plan, which the town approved in June.

Bill Gates' foundation provides financial support for Chimerix drug

November 19, 2014

(WRAL TechWire)

The Gates Foundation will contribute $5.7 million to help ramp up production of brincidofovir, an antiviral drug produced by Durham-based Chimerix that is being tested in confirmed Ebola patients in West Africa.

PR expenses exceed $2M for UNC Chapel Hill

November 19, 2014

(The News & Observer, Raleigh)

UNC Chapel Hill will pay public-relations firm Edelman more than $1.65 million for its services following the academic and athletic fraud scandal that involved at least 3,100 students. The university had previously spent about $500,000 on public-relations services related to the scandal. UNC officials say state money and tuition dollars will not be used to pay for the PR expenses.

Lee County residents oppose coal-ash storage plan

November 18, 2014

(The Fayetteville Observer)

About 75 people turned out for a meeting of the Lee County Board of Commissioners Monday to show disapproval of Charlotte-based Duke Energy's proposed plan to store coal ash in five clay pits formerly used by a local brick manufacturer.

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.