Triangle

Apex earns top spot on Money magazine list

August 18, 2015

(The News & Observer, Raleigh)

Apex, in western Wake County, is the best place to live in among U.S. towns with populations of 50,000 or less, according to Money magazine. The magazine cited the town's affordable housing, proximity to universities and Research Triangle Park and "small-town charm."

GSK reopens Zebulon plant after brief shutdown

August 18, 2015

(The News & Observer, Raleigh)

GlaxoSmithKline reopened its Zebulon plant on Monday after a six-day shutdown. The United Kindgom-based drugmaker had temporarily closed the plant after discovering bacteria that can cause Legionnaires' disease in two of its cooling towers.

Triangle tech, energy companies reveal 'wish list' for new hires

August 18, 2015

(WRAL TechWire)

Triangle technology and energy companies plan to hire up to 3,000 workers over the next five years, according to the results of a recent survey by RTI International. Two-thirds of the companies surveyed will seek candidates with engineering and technology degrees, though 25% are also looking for workers with business and management degrees.

Lenovo cutting 230 white-collar jobs in Triangle locations

August 14, 2015

(WRAL.com)

Lenovo, the world’s biggest PC manufacturer, is slashing 3,200 white-collar jobs, including about 230 in the Triangle in a cost-cutting move. The company operates its global executive headquarters in Morrisville and employs about 3,200 in the region. Its profits declined 51% to $105 million in the most recent quarter.

 

Huge increase in donations cited at UNC Chapel Hill

August 14, 2015

(The News and Observer)

UNC Chapel Hill landed $447 million in donations and commitments in the fiscal year that ended June 30 – a 44% increase from a year earlier. The previous record was $342.8 million in 2008. The most recent year’s total included a $100 million pledge from Wilmington businessman Fred Eshelman for the UNC pharmacy school.

State budget agreement is getting closer, House Speaker says

August 14, 2015

(The News and Observer)

House Speaker Tim Moore said House and Senate negotiators are likely to agree Thursday on the total amount of money the state budget would spend. Negotiations will continue over the weekend, then chairs of budget committees will look over the plans, he said. Legislative procedures make it unlikely the budget will be approved before school starts, Moore said.

Downtown Raleigh lot draws $3.5 million offer

August 13, 2015

(The News and Observer)

Blue Heron Real Estate Opportunity Fund II, LP offered $3.5 million for a 1.2-acre site in downtown Raleigh owned by the city. The Chapel Hill-based group’s bid topped two other Triangle-area development companies.

 

Argos Therapeutics notches $19.6 million loss

August 13, 2015

(The News and Observer)

Argos Therapeutics, a Durham drug developer, said it lost $19.6 million in the second quarter as it boosted research and development spending.

Dennis Wicker's near-death experience

August 10, 2015

(WRAL.com)

Former Lt. Gov. Dennis Wicker tells an incredible story of surviving a medical emergency

Raleigh developer Kane tweaks tower proposal

August 7, 2015

(The News & Observer, Raleigh)

Kane Realty revised plans for a proposed $150 million mixed-use project in downtown Raleigh's warehouse district. The new plans call for a 17-story tower along with a smaller nine-story building and would prohibit bars – defined by the city as businesses that earn 70% of profits from alcohol sales.

ChannelAdvisor taps Red Hat's Cook for CFO post

August 5, 2015

(WRAL TechWire)

Mark Cook will become CFO of ChannelAdvisor, replacing John Baule, who is retiring. Cook is vice president of finance at Raleigh-based software company Red Hat. It's the second leadership change recently announced by the Morrisville-based e-commerce company; former ChannelAdvisor COO David Spitz replaced Scot Wingo as CEO in May.

SC developer to pay $21 million for state-owned land in Cary

August 5, 2015

(The News & Observer, Raleigh)

South Carolina-based Columbia Development Group will pay $21.15 million for a 95 acres off Cary Towne Center Boulevard that is currently owned by the state. The developer's plans are unknown, though Cary Mayor Harold Weinbrecht said the project could include retail and office space.

Investors favor Triangle-based CROs

August 4, 2015

(The News & Observer, Raleigh)

Shares of Raleigh-based INC Research and PRA Health Sciences have risen 95% and 75%, respectively, this year, while Durham-based Quintiles shares are up 31%. All three contract-research organizations posted second-quarter results that beat analysts' expectations.

Lenovo slips in smartphone market share rankings

August 4, 2015

(The News & Observer, Raleigh)

Lenovo dropped from third place to fifth in overall market share of smartphones, based on reports from two market-research firms. Lenovo's smartphone shipments fell 33.3% in the second quarter compared with the previous year.

Parexel laying off 125 in Durham

August 3, 2015

(The News & Observer, Raleigh)

In a notice filed with the N.C. Commerce Department, Parexel confirmed it plans to lay off 125 workers in Durham. The contract-research organization said in June it was laying off about 5% of its global workforce.

Durham ranked ninth-best city for creative people

August 3, 2015

(WRAL TechWire)

A thriving music scene and premier performing arts center helped Durham earn the No. 9 spot on SmartAsset's latest list of "Best Cities for Creatives."

NC revenue grew 6% in fiscal 2014-15

August 3, 2015

(The News & Observer, Raleigh)

North Carolina's revenue for the year that ended June 30, 2015 exceeded $21.4 billion, about $445 million more than projected and a 6% increase over the previous year.

Steep rents driving out downtown Raleigh businesses

July 31, 2015

(WRAL.com)

As apartment and condo construction booms in downtown Raleigh, many business owners say they can't afford increasing monthly rents. Natty Greene's Pub and Brewing Co. and Trig Modern furniture store are among the casualties.

Raleigh's INC Research posts strong 2Q results

July 31, 2015

(The News & Observer, Raleigh)

INC Research reported net income of $28.6 million for the second quarter, up from $11.1 million a year ago. The Raleigh-based contract-research organization raised its guidance for the year and projects annual revenue of $900 million to $910 million. Shares rose 10% Thursday following the report, closing at $47.62.

Former GSK employees face layoffs at RTP

July 30, 2015

(WRAL TechWire)

Reports indicate up to 200 Parexel employees were laid off Wednesday, though the company would not confirm the cuts. The workers are former employees of GlaxoSmithKline, which said it in February it planned to transfer some of its workforce to the Boston-based life-sciences company.
Related: GSK shares rise after earnings beat estimates