Triangle

Viamet plans IPO

July 2, 2014

(News & Observer, Raleigh)

Durham-based Viamet Pharmaceuticals, a drug developer co-founded by former UNC Chapel Hill chancellor Holden Thorp in 2005, hopes to raise $75 million in a public filing.

Raleigh to relaunch business incubator

July 2, 2014

(News & Observer, Raleigh)

The City Council has decided to relaunch the Raleigh Business and Technology Center. It shuttered the business incubator last year after an audit discovered serious financial problems.

Senate rejects budget without a vote

July 1, 2014

(News & Observer, Raleigh)

In a rare legislative maneuver, the N.C. Senate rejected the House's education-focused budget on Monday without even holding a vote.

McCrory vows veto of charter-schools bill

July 1, 2014

(The Charlotte Observer)

Gov. Pat McCrory said Monday that he would veto a charter school bill, if it's approved by the General Assembly, because of a provision that would keep secret how much employees are paid. 

WakeMed, Duke talk "virtual merger"

July 1, 2014

(News & Observer, Raleigh)

WakeMed Health and Hospitals and Duke Medicine have started discussions to coordinate operations to lower operating costs and improve treatment.

Bayer to expand in RTP

July 1, 2014

(Winston-Salem Journal)

Bayer CropScience will invest nearly $30 million to expand its North American and international seeds headquarters at Research Triangle Park.

Session stalemate stalls Tillis campaign

June 30, 2014

(News & Observer, Raleigh)

The stalemate that has stalled North Carolina's budget has also become a drag on Thom Tillis' U.S. senate campaign.

Ex-FBI agent goes to work for Board of Elections

June 30, 2014

(News & Observer, Raleigh)

The FBI agent who arrest former House Speaker Jim Black and U.S. Rep. Frank Ballance Jr. is now an investigator with the state Board of Elections.

Lenovo's acquisition of IBM server unit still under review

June 27, 2014

(WRAL TechWire)

Concerns over security have left Lenovo's $2.3 billion deal to acquire IBM's x86 server unit in limbo, according to the Wall Street Journal. The report says the U.S. government is worried the servers, which are used in national communications networks, "could be accessed remotely by Chinese spies" or otherwise compromised.

Texas life sciences company moves to Chapel Hill

June 27, 2014

(The News & Observer, Raleigh)

EpiCypher, a life sciences startup, has moved its headquarters from Texas to Chapel Hill and appointed Sam Tetlow CEO. Six of the company's eight employees are based in Chapel Hill. EpiCypher develops and makes products for pharmaceutical and biological research.

Report shows Raleigh area execs plan to increase hiring for tech jobs

June 26, 2014

(WRAL TechWire)

A report released Wednesday shows 15% of Raleigh area CIOs are planning to increase hiring for information-technoloyg workers over the next six months. Of those surveyed, 64% of CIOs said it is difficult to find skilled workers. Networking and applications development ranked as the hardest skills to find.

Duke Energy Progress wants to charge households more, businesses less for renewables

June 25, 2014

(The News & Observer, Raleigh)

Raleigh-based Duke Energy Progress wants to increase household fees for renewable energy, which is generated mostly from solar farms, while lowering the costs for businesses and industrial customers. If the proposal is approved by the N.C. Utilities Commission, the new charges would go in effect in December. 

Raleigh's First Citizens reveals new executive team

June 24, 2014

(The News & Observer, Raleigh)

First Citizens Bank announced a new executive team that will assume leadership once the bank completes its purchase of S.C.-based First Citizens Bank & Trust. As previously announced, Frank Holding Jr. will be chairman and CEO. Peter Bristow, current chief operating officer of the S.C. bank and Holding's brother-in-law, will be president.

Lenovo seeking patent for device similar to Google Glass

June 25, 2014

(WRAL TechWire)

Lenovo filed a patent application last December for a device that appears similar to Google Glass. The patent application, published by the U.S. Patent and Trademark Office, includes diagrams of a hands-free device that turns vibrations into sounds and features visual applications.

Not all 600 Advance Auto jobs are 'new'

June 24, 2014

(The News & Observer, Raleigh)

Some of the 600 "new" jobs in Raleigh announced by Roanoake, Va.-based Advance Auto Parts include existing employees of General Parts International, which was acquired by Advance in January. Other General Parts workers will lose their jobs or have the option to relocate to Roanoke as part of corporate restructuring.

Martin Marietta to resolve antitrust issues with Justice Dept.

June 24, 2014

(The News & Observer, Raleigh)

Martin Marietta Materials will finalize a deal this week with the federal government that will resolve antitrust concerns regarding the company's $2.7 billion acquisition of Texas Industries. The acquisition will make Raleigh-based Martin Marietta the country's largest provider of crushed stone, rock and gravel construction materials used in foundations for roads and sidewalks.

Morrisville's Gentris Corp. to be sold for $4.75 million

June 24, 2014

(The News & Observer, Raleigh)

Gentris Corp. will be acquired by Rutherford, N.J.-based Cancer Genetics for $4.75 million. The Morrisville-based company provides pharmacogenomic services, which helps determine individualized dosage levels of drugs for patients. Gentris employs 40 at Morrisville and at a lab in China.

Officials pleased with back-to-back US Opens

June 23, 2014

(The Fayetteville Observer)

Though official attendance figures have not been released, the back-to-back U.S. Open and U.S. Women's Open championships that concluded Sunday drew an estimated 335,000 to 340,000 people to Pinehurst, according to the tournament's director. A team of 6,200 volunteers helped the events run smoothly.

Cree LED bulbs light up San Francisco Bay bridge

June 20, 2014

(WRAL TechWire)

Durham-based LED lighting company Cree supplied more than 51,000 bulbs for the new East Span of the San Francisco-Oakland Bay Bridge in California. Cree says the LED bulbs will last 15 years and will cut energy costs for the bridge by 50%.

Southern Pines businesses succeed at attracting U.S. Open fans

June 20, 2014

(The Fayetteville Observer)

Southern Pines city officials and business leaders say events including concerts and movies were successful at attracting U.S. Open fans to downtown and commercial districts.