Triangle

State Medicaid office names new director

December 3, 2013

(The News & Observer, Raleigh)

Dr. Nancy Henley has been appointed the new medical director at the state Medicaid office within the Department of Health and Human Services. Henley is currently an associate professor of medicine at UNC and a health care consultant; she previously worked at the DHHS in the early 2000s.

Republic Wireless' low-cost phone service gets positive reviews

December 2, 2013

(The News & Observer, Raleigh)

Republic Wireless, a division of Raleigh-based Bandwidth.com, introduced its new low-cost phone service last month to positive reviews. The new service, which costs between $5 and $40 a month with no contract, is a hybrid which uses Wi-Fi as its primary network with cellular as a backup.

Charles & Colvard says Zales, Gordon's no longer carry its gems

December 2, 2013

(The News & Observer, Raleigh)

Just five days after announcing it would sell its moissanite gemstones on Zale's and Gordon's Jewelers' websites, Morrisville-based Charles & Colvard released a statement that the stones are no longer available on those websites.

Pittsboro delays vote on massive Chatham Park development

November 27, 2013

(The News & Observer, Raleigh)

The Pittsboro Board of Commissioners voted to delay a rezoning decision for the proposed 7,100-acre Chatham Park development after a five-hour meeting that drew a crowd of about 200, both for and against the project. The board decided to hire an independent consultant to study the project before voting on it early next year.

Blue Cross gets rate increase approval for reinstated plans

November 27, 2013

(The News & Observer, Raleigh)

The Department of Insurance has approved rate hikes for Blue Cross and Blue Shield of North Carolina's individual health insurance plans that are being extended for 2014. The increases will range from 16.4% to 23.6%, depending on the plan.

Governor's staff charging fees for access to public records

November 27, 2013

(The News & Observer, Raleigh)

Media outlets and others requesting North Carolina public records have been assessed service fees by McCrory staffers, who have been demanding payment for requests taking longer than 30 minutes to process.

UNC researchers create mapping tool to predict housing growth

November 26, 2013

(The News & Observer, Raleigh)

Researchers at UNC Chapel Hill have developed a mapping tool that could help state officials and local communities manage future growth by estimating historical housing growth patterns and projections from 1940 through 2050.

Raleigh diagnostic company signs agreement with California health system

November 26, 2013

(The News & Observer, Raleigh)

Raleigh-based LipoScience has made a deal with Scripps Health to make available to customers in California its diagnostic tool that measures heart disease risk. Scripps is a nonprofit health system based in San Diego with about 13,000 employees.

Zales and Gordon's Jewelers to sell Charles & Colvard gemstones

November 25, 2013

(The News & Observer, Raleigh)

Charles & Colvard signed distribution agreements with Zales and Gordon's Jewelers to sell its Forever Brilliant moissanite gemstones on the companies' websites. The Morrisville gemstone company recently signed a similar agreement with Kohl's.

Charlotte, Raleigh commercial mortgage firms to merge

November 25, 2013

(The News & Observer, Raleigh)

Charlotte-based Capital Advisors and Raleigh-based Dickinson, Logan, Todd and Barber are merging and will be headquartered in Charlotte.

WakeMed determined to remain independent

November 22, 2013

(The News & Observer, Raleigh)

Raleigh's WakeMed Health & Hospitals, which posted a $10 milllion operating loss this year, says it will remain independent and will not consider takeover attempts by competitors. WakeMed fired former CEO Bill Atkinson earlier this year and expects to hire a new leader this summer.

Quintiles CEO sold $9 million in stock

November 22, 2013

(The News & Observer, Raleigh)

John Ratliff, who is resigning as president and chief operating officer of Durham-based Quintiles in December, recently sold $9 million of the company's stock. According to a filing with the Securities and Exchange Commission, Ratliff sold 212,140 shares at $42.55 each. 

Rural Center denies former leader Hall special severance payment

November 22, 2013

(The News & Observer, Raleigh)

In a closed-door meeting on Thursday, leaders of the N.C. Rural Economic Development Center voted against a $242,000 severance payment for former agency president Billy Ray Hall. Hall led the center since its inception in 1987, but resigned this summer when questions arose about the agency's handling of grant money.

Northwood Ravin sells seven properties for $323.9 million

November 21, 2013

(The News & Observer, Raleigh)

Northwood Ravin, a real estate developer with offices in Charlotte and Raleigh, is selling seven of its properties to Ohio-based Associated Estates Realty Corp. for $323.9 million. The apartment complexes, which include four still under construction, contain 1,606 units, making the average price per unit just over $200,000. 

Blue Cross rates to increase as much as 24% on reinstated health plans

November 20, 2013

(The News & Observer, Raleigh)

Blue Cross and Blue Shield of North Carolina will extend individual health insurance plans it offered in 2013, but the company said Tuesday it will raise premiums by an average of 16% and as much as 24%.

Bayer CropScience opens bee research center in Clayton

November 20, 2013

(The News & Observer, Raleigh)

Bayer CropScience, which employs more than 600 in Research Triangle Park and other Triangle locations, has opened a research center in Johnson County dedicated to managing honeybee populations. Beekeepers have reported dwindling numbers of bee populations over the past seven years.

Durham's Patheon will be taken private in merger agreement

November 20, 2013

(The News & Observer, Raleigh)

Patheon, a Durham-based pharmaceutical services firm, is merging with a Netherlands-based vitamin company and going private in a three-way deal with New York-based private equity firm JLL Partners. The $2.6 billion deal will create a company that will be headquartered in Durham and will have 8,300 employees.

McCrory visits Arizona, California for political conference, recruiting

November 20, 2013

(The News & Observer, Raleigh)

Gov. Pat McCrory is in Arizona this week to attend the annual meeting of the Republican Governors Association, following a recruiting trip to California earlier in the week where he visited the headquarters of Google and Facebook.

John Edwards opens new Raleigh law firm with former partner

November 19, 2013

(The News & Observer, Raleigh)

Former U.S. Senator and presidential candidate John Edwards said he has formed a new Raleigh law firm with his former partner. Trial lawyer David Kirby will join Edwards in creating the law firm Edwards Kirby. Among the six attorneys at the new firm are Edwards' daughter Cate, a graduate of Harvard Law School.

Seismic testing for shale gas potential to begin in Lee County

November 19, 2013

(The News & Observer, Raleigh)

Energy developers are expected to begin seismic testing later this month in Lee County to determine the area's potential for hydraulic fracturing, also known as fracking. Ultrasound images will be taken to help drillers determine locations of the highest concentrations of gas or oil.