Triangle

Grifols to purchase Novartis' diagnostics unit for $1.68 billion

November 12, 2013

(The News & Observer, Raleigh)

Barcelona-based Grifols, a biotherapeutic company which employs several thousand in the Triangle, announced it is acquiring Novartis' blood diagnostics unit for $1.68 billion, a move it expects will increase annual revenue for its diagnostics division to nearly $1 billion. Novartis is a Basel, Switzerland-based health-care solutions company.

NC State entrepreneurs village project receives $500,000 gift

November 12, 2013

(The News & Observer, Raleigh)

The president of an insurance marketing company from Alamance County is giving $500,000 to N.C. State University's upcoming entrepreneur-themed student community. The Andy and Jane Albright Entrepreneurs Living Learning Village will open on Centennial Campus in August 2014.

Duke Realty announces new building at Morrisville's Perimeter Park

November 12, 2013

(The News & Observer, Raleigh)

Just six months after breaking ground on the Perimeter Two building at Morrisville's Perimeter Park, Duke Realty announced it will begin construction on 245,352-square-foot Perimeter Three there. Limerick, Pa.-based Teleflex will occupy 130,000 square feet of the new building as it consolidates its Triangle area operations.

Critics say McCrory's impromptu style distracts from his political message

November 11, 2013

(The News & Observer, Raleigh)

Gov. Pat McCrory takes an improvisational approach to speaking, often eschewing prepared speeches and teleprompters, that opponents say gives the former Charlotte mayor a credibility problem.

Salix Pharmaceuticals to acquire San Diego firm for $2.6 billion

November 8, 2013

(The News & Observer, Raleigh)

Raleigh-based Salix Pharmaceuticals will acquire San Diego-based pharmaceutical company Santarus for $32 a share, 36% above the stock's closing price Wednesday. Both companies focus on drugs to treat gastrointestinal ailments.

Teleflex expanding in Triangle

November 8, 2013

(The News & Observer, Raleigh)

Limerick, Pa.-based Teleflex will combine its Triangle-area operations under one roof, investing $20 million in a new Morrisville location and hiring 75 more workers over three years. The medical-device maker currently employs 442 in Durham and Research Triangle Park.

Lenovo experiences rapid growth in tablet market

November 6, 2013

(The News & Observer, Raleigh)

Lenovo, the world's largest PC maker, saw its tablet shipments grow 420.7 percent in the third quarter compared to last year, making it the world's No. 4 tablet maker. Lenovo employs 2,200 at its North American headquarters in Morrisville.

Acquisitions lead to third quarter loss for SciQuest

November 6, 2013

(The News & Observer, Raleigh)

Cary-based SciQuest reported a net loss of $2.4 million for the third quarter which the company attributed to recent acquisitions. On a non-GAAP basis, the technology company had revenues of $23.5 million and net income of $2.2 million, close to analysts' projections.

NC WARN to present challenge to Duke-Progress merger to NC Appeals Court

November 6, 2013

(The News & Observer, Raleigh)

On Wednesday the N.C. Court of Appeals will hear a challenge to the merger between Duke Energy and Progress Energy from Durham advocacy group NC WARN, even though state officials approved the $32 billion deal eleven months ago.

Governor launches teacher advisory committee

November 6, 2013

(The News & Observer, Raleigh)

Gov. Pat McCrory held the inaugural meeting of the Governor's Teacher Advisory Committee at Cary's SAS campus. The committee is comprised of 24 K-12 teachers from across the state who will share  their recommendations on teacher pay, testing and technology.

Stohlman defeats incumbent mayor in Morrisville

November 6, 2013

(The News & Observer, Raleigh)

Mark Stohlman defeated incumbent Jackie Holcombe in the Morrisville mayoral race on Tuesday. Holcombe has made headlines for asking a local Gander Mountain store to stop selling semi-automatic rifles and joining the lobbying group Mayors Against Illegal Guns. 

AW North Carolina expanding in Triangle

November 5, 2013

(The News & Observer, Raleigh)

AW North Carolina will invest $112 million and add 56 jobs by 2015 at its Durham County manufacturing operation. The company, which makes automobile transmissions for Toyota vehicles, also is buying a former Flextronics plant in Granville County and will create 85 jobs and invest $25 million there.

Quintiles bought Morrisville's Novella Clinical for $146.5 million

November 5, 2013

(The News & Observer, Raleigh)

Durham-based Quintiles paid for $146.5 million for Morrisville's Novella Clinical and could pay more if the unit meets revenue and new business targets over the next three years. The pharmaceutical services company completed its acquisition of Novella on Sept. 16, but did not disclose the purchase price at that time.

Pinehurst neurological practice adding pediatric services

November 5, 2013

(The Pilot, Southern Pines)

FirstHealth of the Carolinas is adding pediatric neurological services to its Pinehurst neurological office as part of its continued collaboration with UNC Chapel Hill.

McCrory appoints three to Medicaid advisory board

November 4, 2013

(The News & Observer, Raleigh)

Last week, Gov. Pat McCrory appointed two experienced hospital administrators and the leader of Monarch, a nonprofit mental health services company, to an advisory committee for the state's Medicaid program.

Raleigh's Red Hat selected to fix government's health-care website

November 1, 2013

(The News & Observer, Raleigh)

Raleigh-based Red Hat is among a group of high-technology firms tapped by the U.S. Department of Health and Human Services to fix the government's health insurance website, which has been working only sporadically since it launched Oct. 1. 

CEO of Durham's Quintiles resigns

November 1, 2013

(The News & Observer, Raleigh)

John Ratliff is resigning as president and chief operating officer of Quintiles, the world's largest pharmaceutical services company, after nine years with the company. Ratliff, who also will leave his position on the board of directors, will depart at the end of December.

Final tax-free holiday for energy-efficient appliances begins

November 1, 2013

(The News & Observer, Raleigh)

North Carolina will hold its last tax-exempt weekend for energy-efficient appliances, beginning today and running through Sunday. The N.C. General Assembly passed tax changes that is ending the program, which the state Department of Revenue estimates cost the state $1.6 million in lost tax revenue last year.

Construction to begin on $60 million Raleigh apartment tower

October 31, 2013

(The News & Observer, Raleigh)

Developers of SkyHouse Raleigh will begin construction within the next few days on the 23-story apartment tower in downtown Raleigh. The $60 million project is the first phase of the Edison office and residential project that is expected to occupy an entire city block once it is completed.

Sales up 28 percent for Raleigh's Stock Building Supply

October 31, 2013

(The News & Observer, Raleigh)

Raleigh-based Stock Building Supply reported a net loss of $5.5 million in its third quarter, compared with a net income of $40,000 in the same period last year. Net sales rose 28 percent, but expenses related to the company's initial public offering earlier this year contributed to the net loss.