Triangle

Cary to consider incentives for corporate relocation

April 17, 2015

(The News & Observer, Raleigh)

The Cary Town Council is considering granting incentives to an unnamed company that could move its headquarters there. The company would bring 47 jobs with an average annual salary of $85,000. The N.C. Commerce Department is negotiating with the company.

Study: Raleigh No. 2 in tech-related job growth

April 16, 2015

(WRALTechWire)

The Raleigh metro area ranked No. 2 behind Austin, Texas on a Forbes study of cities with the highest growth rate in the technology sector between 2004 and 2014. Tech-related jobs in Raleigh grew 62.3%, according to the report. Raleigh ranked first in job growth related to STEM (science, technology, engineering and math) skills.

Durham's Innocrin Pharmaceuticals raises $28M

April 16, 2015

(The News & Observer, Raleigh)

Innocrin Pharmaceuticals has raised $28 million in a financing led by Wilmington venture-capital firm Eshelman Ventures, which was started by PPD founder Fred Eshelman. The Durham-based company, which does not have any products on the market, plans to use the money to develop treatments for breast and prostate cancer.

Lee County resident seeks to halt fracking applications

April 16, 2015

(The News & Observer, Raleigh)

The owner of a Lee County horse farm is questioning the legality of the state's fracking rules and has asked a Wake County judge to block fracking permit applications from being processed. Keely Wood Puricz says the state's fracking regulations are illegal because the commission that created them is unconstitutional due to the fact that the state legislature appointed most of its members.

Duke moving entrepreneurship academy downtown

April 16, 2015

(The Herald-Sun, Durham)

Duke University will move its Innovation and Entrepreneurship Initiative to a downtown redevelopment led by Longfellow Real Estate Partners and Measurement Inc. The Durham Innovation District will cover 1.7 million square feet and will include office and lab space, plus 50,000 square feet of retail and 300 residential units.

Cary's Dude Solutions acquires Sanford software company

April 15, 2015

(The News & Observer, Raleigh)

Cary-based Dude Solutions has acquired Mobile311, a small Sanford-based software company, for an undisclosed amount. The company will incorporate Mobile311's technology into its FacilityDude software, which helps government groups and others manage building maintenance and IT operations.

Lee County residents protest coal-ash storage plans

April 14, 2015

(The News & Observer, Raleigh)

About 140 people turned out Monday for a public hearing on Duke Energy's proposal to store up to 20 million tons of coal ash in two Lee County landfills. Lee County initially opposed the proposal but has since agreed not to challenge the plan in exchange for a $12 million payment from the utility.

Morrisville's Clinipace acquires German CRO

April 13, 2015

(The News & Observer, Raleigh)

Clinipace Worldwide has acquired Accovion, a Frankfurt, Germany-based contract-research organization with 260 employees. The Morrisville-based CRO said in January it had raised $50 million in a financing by a California-based private-equity firm.

Citizens group seeks to halt Chatham Park construction

April 14, 2015

(WRAL.com)

Pittsboro Matters filed a motion Friday asking a judge to grant an injunction to stop construction of a road project in Chatham Park, the massive proposed development that is expected to increase the town's population from 3,000 to more than 60,000 people.

Lenovo gains market share in PCs

April 10, 2015

(The News & Observer, Raleigh)

While overall demand for PCs has weakened, Lenovo increased its worldwide market share to 18.9% in the first quarter, up from 17% a year ago. The Beijing-based company, which employs about 3,800 in North Carolina, also showed gains in the United States, where it ranks No. 4 with an 11.8% market share.

Raleigh hopes to finalize Dix property purchase by May

April 9, 2015

(The News & Observer, Raleigh)

Raleigh officials and Gov. Pat McCrory expect to finalize a deal for the city to buy the former Dorothea Dix psychiatric hospital property by May 5. A Senate proposal that would nullify the deal and sell the property to the highest bidder is awaiting a committee hearing. Raleigh agreed to pay $52 million for the property; three senators who filed the bill say the land is worth more.

Plastics company expanding in Moore County

April 8, 2015

(The Pilot, Pinehurst)

Reliance Packaging is expanding in Moore County and will add 48 jobs to its existing 12 over the next three years. A division of Lyndhurst, N.J.-based Sigma Plastics, the company will invest $3.5 million in its Aberdeen plant, where it makes plastic bags for the lawn and garden industry. Reliance will receive a state grant of up to $52,000 and a matching grant from Aberdeen and Moore County.

Lenovo names new president of North American operations

April 8, 2015

(The News & Observer, Raleigh)

Lenovo named Aymar de Lencquesaing, who was president of the computer maker's European, Middle East and Africa operations since last year, president of its North American division. He succeeds Jay Parker, who was promoted last month to senior vice president of the Beijing-based company's enterprise business.

Another Durham startup wins Google Demo Day

April 7, 2015

(The Herald Sun, Durham)

Mati Energy, a startup based at Durham's American Underground that makes herb-infused caffeinated teas, won the top prize at the invitation-only Google Demo Day in Mountain View, Calif. Marketing-software company Windsor Circle won last year's competition.

Proposed merger of food distributors vexes Triangle restaurateurs

April 6, 2015

(The News & Observer, Raleigh)

Some Triangle restaurant owners worry a proposed merger between the nation's largest food service providers, Sysco and US Foods, will lead to higher prices. The FTC took steps to block the merger in February, and state attorney general Roy Cooper is expected to join 10 other states in opposing the combination of the two companies. The federal agency says the Charlotte and Triangle markets are among metro areas that would be most impacted by the merger.

DHHS audit finds deficiencies

April 3, 2015

(Greensboro News & Record)

An audit of the state Department of Health and Human Services showed significant errors and deficiencies in its oversight of state programs, including errors in 24% of 272 claims sampled that resulted in $464,942 in overpayment.

Salix plans to cut 258 jobs

April 3, 2015

(The News & Observer)

Salix Pharmaceuticals is laying off 258 people at its Raleigh headquarters, the company announced Thursday, the same it was acquired by Laval, Quebec-based Valeant Pharmaceuticals for $11 billion.

GSK plans R&D center in Maryland

April 3, 2015

(News & Observer)

GlaxoSmithKline, which has North American headquarters in Research Triangle Park, announced it will open a vaccines research center in Rockville, Md. The company said last week that it laid off 180 workers in North Carolina, in addition to 900 positions eliminated in December.

Valeant completes acquisition of Salix

April 2, 2015

(WRAL TechWire)

Valeant Pharmaceuticals has completed its $11 billion acquisition of Raleigh-based Salix Pharmaceuticals. Salix will operate as a subsidiary of Laval, Quebec-based Valeant. It isn't known if the company plans to cut any jobs.

Quintiles forms joint venture with Quest Diagnostics

April 1, 2015

(The News & Observer, Raleigh)

Durham-based Quintiles will form a joint venture with Quest Diagnostics to combine lab services for clinical trials. Quintiles, the world's largest contract-research organization, is the No. 2 provider of clinical-trial lab services behind Burlington-based LabCorp. New Jersey-based Quest acquired High Point's Solstas Lab Partners a year ago for $570 million.