Triangle

Southern Pines' K2 Solutions could lay off 70 workers

December 5, 2014

(The Pilot, Southern Pines)

K2 Solutions, which trains dogs for military operations, could lay off as many as 70 of its 170 employees next month as military contracts that began in 2009 are expiring. Most of the layoffs will be at the company's Richmond County training center. The Southern Pines-based company's founder says the government is investing more in developing technological replacements for canines in the military.

Self-Help Credit Union opens first Triangle branch

December 5, 2014

(The News & Observer, Raleigh)

Self-Help Credit Union celebrated the grand opening of its first full-service branch in its hometown of Durham. The nonprofit community lender operates 20 branches across North Carolina.

Duke conference center to close for renovations

December 5, 2014

(The Herald-Sun, Durham)

Foodservice provider Aramark will close a conference center at Duke University's Fuqua School of Business for renovations in late January, affecting 67 employees. The center will reopen after 18 months.

 

GSK to cut 900 jobs at RTP

December 4, 2014

(The News & Observer, Raleigh)

London-based pharmaceutical company GlaxoSmithKline will cut 900 jobs at Research Triangle Park as part of a global corporate restructuring. Half of the affected employees will be offered jobs in a newly created business unit GSK is creating with Boston-based contract research organization Parexel. GSK employs 4,500 workers in RTP. Employees at a Zebulon manufacturing plant will not be affected by the cuts.

PPD founder Eshelman donates $100M to UNC

December 4, 2014

Fred Eshelman pledged $100 million to create a new research institute at UNC Chapel Hill's pharmacy school that bears his name. It's the largest individual donation the university has ever received. Eshelman founded Wilmington-based Pharmaceutical Product Development, which was sold in 2011 for $3.9 billion. 

Highwoods acquires Florida property for $68.3M

December 4, 2014

(The News & Observer, Raleigh)

Highwoods Properties acquired a 16-story office building in Orlando, Fla. for $68.3 million, the company announced this week. With the purchase of the 246,000-square-foot building, the Raleigh-based real estate investment trust now owns 1.5 million square feet of office in Orlando's central business district.

Google Fiber files legal paperwork in NC

December 3, 2014

(WRAL TechWire)

Indicating it could be planning to bring its high-speed fiber network to the Triangle area, Google filed legal paperwork with the N.C. Department of the Secretary of State under the corporate name "Google Fiber North Carolina LLC." The Mountain View, Calif.-based tech company said it will announce by year-end if it will build its fiber network in the Triangle and/or Charlotte.

Lee County wants Duke Energy to pay fees to bury coal ash

December 3, 2014

(The Charlotte Observer)

Lee County officials say Duke Energy should have to pay fees for burying coal ash in reclaim clay mines there, arguing that the project should be treated the same as a landfill. Counties are paid host fees of $2 or more per ton of waste under state solid-waste law. County officials say they were told about the coal-ash plan only a day before Duke publicly announced it.

UNC, NC State to offer joint degree in biomedical engineering

December 3, 2014

(The News & Observer, Raleigh)

UNC Chapel Hill and N.C. State University are planning to launch a joint degree in biomedical engineering. Pending approval from the UNC Board of Governors, the program could enroll its first students as early as next fall.

Analyst says Salix accounting problems "overdone"

December 3, 2014

(The News & Observer, Raleigh)

Analysts with Sterne Agee said Tuesday that Salix Pharmaceuticals' accounting concerns "may be overdone." The Raleigh-based drug-maker has lost 27% of its market value since restating drug-inventory levels in November. 

GlaxoSmithKline said to be planning US job cuts

December 2, 2014

(The News & Observer, Raleigh)

GlaxoSmithKline is expected to announce U.S. job cuts as part of a corporate restructuring, according to a report from Bloomberg News. The London-based pharmaceutical company employs about 4,500 people at its North American headquarters in RTP and about 500 at a manufacturing plant in Zebulon.

UNC Health Care to break ground on Chatham Park office

December 2, 2014

(WRAL.com)

Construction crews plan to break ground Tuesday at the site of a future UNC Health Care office that will be part of the 7,000-acre Chatham Park development in Pittsboro. Town commissioners are expected to vote as early as next week on the latest proposal for the massive development that will swell the town's population from about 3,000 to more than 60,000.

Raleigh's Eye Care Associates sold to Virginia chain

December 2, 2014

(The News & Observer, Raleigh)

MyEyeDr. acquired Raleigh-based Eye Care Associates for an undisclosed amount. Eye Care Associates was founded in 1978 by Dr. Stephen Bolick and has 27 stores. Vienna, Va.-based MyEyeDr. operates stores in fives states and the District of Columbia.

NC State's endowment could reach $1B by fiscal year-end

December 1, 2014

(The Charlotte Observer)

N.C. State University's endowment totaled $885 million in June, an increase of $382 million from 2010, and the school is planning a major fundraising campaign that could push the figure past $1 billion by June 2015. Duke University, Wake Forest University and UNC Chapel Hill are the only North Carolina universities where endowments have reached $1 billion. 

AT&T still committed to high-speed fiber in Triangle

December 1, 2014

(The News & Observer, Raleigh)

AT&T said in a letter to the Federal Communications Commission it still plans to bring its ultra-fast fiber network to 25 metro areas nationwide, including the Triangle. The telecommunications company said last month it had put construction plans for its gigabit Internet network on hold.

Recount confirms Beasley's court race win

November 26, 2014

(The News & Observer, Raleigh)

Cheri Beasley, an associate justice, was confirmed the winner in the statewide N.C. Supreme Court race after a recount was completed Monday. The final tally showed Beasley received 5,410 more votes than opponent Mike Robinson, a Winston-Salem lawyer, out of more than 2.4 million votes cast. Beasley was appointed to the seat in 2012. 

Attorney general appeals utility rate rule

November 26, 2014

(The News & Observer, Raleigh)

North Carolina Attorney General Roy Cooper appealed a state rule Monday that allows water utilities to raise rates without holding public hearings. The rule was approved in May by the N.C. Utilities Commission in a rate case for Cary-based Aqua North Carolina and applies only to private water-and-sewer utilities. The attorney general's office told the N.C. Supreme Court that the rule doesn't give enough consideration to customers.

Pittsboro leaders hear amended Chatham Park plan

November 25, 2014

(The News & Observer, Raleigh)

A standing-room only crowd attended a meeting of the Pittsboro Board of Commissioners Monday night where the group discussed a revised master plan for the 7,000-acre Chatham Park development. The latest version of the plan adds 47 acres and tweaks the language in the proposal that was approved by Pittsboro in June.

Syngenta restructures; 1,800 jobs affected worldwide

November 25, 2014

(The News & Observer, Raleigh)

Syngenta will eliminate or relocate 1,800 jobs – about 6% of its workforce – worldwide in a restructuring, though the Swiss company hasn't said if its 400 jobs in Research Triangle Park and more than 760 in Greensboro will be affected. The agribusiness announced in 2013 a $94 million expansion at its biotechnology campus in RTP ("Human Nature," November 2013)

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.