Triangle

Thousands attend Moral March on Raleigh Saturday

February 10, 2014

(The News & Observer, Raleigh)

Thousands of people from across the state attended the Moral March on Raleigh Saturday, protesting Republican-led legislation and supporting a variety of causes including higher pay for teachers, voting rights and the expansion of Medicaid. Raleigh police did not release a crowd estimate for the annual event which drew 10,000 in 2013, but organizers submitted an application that planned for 20,000 to 30,000 people.

State spends $3 million on consultant to fix Medicaid

February 10, 2014

(The News & Observer, Raleigh)

The N.C. Department of Health and Human Services has contracted a Washington, D.C.-area consulting firm to fix the state Medicaid program, which has been plagued with problems.

Union: IBM job cuts to start Feb. 26

February 7, 2014

(WRAL Techwire)

An IBM union reports that its sources indicate the tecnology company will begin previously announced job cuts on Feb. 26. Alliance@IBM says the layoffs are being referred to as "Project Apollo." IBM announced last month it has allocated $1 billion for first quarter job cuts.

ePlus opens new technology center in Morrisville

February 7, 2014

(The News & Observer, Raleigh)

Information technology company ePlus opened a 12,000-square-foot Managed Services Center in Morrisville this week where it could employ up to 50 people. The Herndon, Va.-based company already has offices in Wilmington and Charlotte.

Tony Almeida retiring from position as McCrory's top jobs adviser

February 7, 2014

(The News & Observer, Raleigh)

Tony Almeida is leaving his position as Gov. Pat McCrory's senior adviser for jobs and the economy. Almeida says he is retiring to spend more time with his family, including his ill mother. Three other key  members of McCrory's administration have departed over the last five weeks.

CVS decision to end tobacco sales could impact NC tobacco industry

February 6, 2014

(The News & Observer, Raleigh)

Those involved in the state's tobacco industry hope CVS Caremark's decision to discontinue sales of tobacco products in its stores won't have a significant effect on the industry here. A representative from the Raleigh-based U.S. Tobacco Cooperative says most customers simply will buy the products elsewhere, but admits the impact could be felt here if CVS's decision leads to a national trend.

White House picks Raleigh for climate change research hub

February 6, 2014

(The News & Observer, Raleigh)

Raleigh was selected as one of seven climate change research hubs to help farmers adapt to weather-related changes. The Southeastern Regional Climate Hub, actually a consortium of more than two dozen agencies and organizations, will be located at N.C. State University's Centennial Campus. 

Demand leads Raleigh brewery to expand distribution

February 5, 2014

(The News & Observer, Raleigh)

Raleigh's Lonerider Brewing will expand its distribution from three states to six, plus the District of Columbia. The brewery, which began making beer in 2009, will begin distributing to bars and grocery stores in Maryland, Tennessee, Virginia and the District of Columbia over the next two months.

Clay Aiken to announce campaign for Congress today

February 5, 2014

(The News & Observer, Raleigh)

Singer and Raleigh native Clay Aiken is expected to announce today he will run for Congress. Aiken says jobs and the economy will be important themes in his campaign for North Carolina's 2nd District. He will face former Commerce Secretary Keith Crisco and professional counselor Toni Morris of Fayetteville in the Democratic primary.

RTP foundation planning major retail, residential development

February 4, 2014

(The News & Observer, Raleigh)

The Research Triangle Foundation will develop 100 acres along Interstate 40 into a retail and residential center that may also serve as an entry point to the 7,000-acre park where about 39,000 employees work for more than 170 companies. The foundation paid $17 million for three properties that make up the site; it already owned the underlying land.

Cary software firm gets big investment for expansion, will add 100 jobs this year

February 4, 2014

(The News & Observer, Raleigh)

Cary-based software company Dude Solutions will hire up to 100 employees to its existing 220 this year, thanks to a $100 million private-equity investment. The company, which offers software applications for school systems and universities, also hopes to use the investment to grow the company through acquisitions.

RTP drug firm may go public this week; proceeds to help fund clinical trials

February 4, 2014

(The News & Observer, Raleigh)

NephroGenex, a drug-development company based in Research Triangle Park, plans to complete an initial public offering later this week. According to a regulatory filing, the company hopes to raise up to  $35.9 million. NephroGenex is developing a drug to treat kidney disease caused by Type 2 diabetes.

Solar provider gets $82 million to fund state projects

February 4, 2014

(The Winston-Salem Journal)

 Chapel HIll-based Strata Solar received $82 million in financing from National Cooperative Bank to fund solar projects in North Carolina. Strata tripled its statewide workforce last year, adding 1,200 jobs. 

NCDOT fined for seizing land protected by bankruptcy law

February 4, 2014

(The News & Observer, Raleigh)

A federal bankruptcy judge in Raleigh has fined the North Carolina Department of Transportation for condemning a half-acre of land in Concord where it is building a highway extension. The owners of the property had filed for Chapter 7 bankruptcy protection in 2010, which should have prevented the DOT from seizing the land.

Pittsboro studies proposal for massive Chatham Park development

February 3, 2014

(The News & Observer, Raleigh)

Preston Development Corp., with the financial backing of SAS co-founder Jim Goodnight, has spent more than $100 million buying up 7,500 acres in Chatham County where it is proposing a massive residential development of 22,000 homes. If built, Chatham Park would house 60,000 residents and would be transformational to the town of Pittsboro, now home to about 1,500 families.

State commission updates fracking standards

February 3, 2014

(The News & Observer, Raleigh)

The N.C. Mining and Energy Commission determined that natural gas wells must be drilled a minimum distance of 650 feet from buildings, homes and water wells, extending the minimum safe distance from 500 feet as dictated by the previous rules. Commissioner Charles Holbrook was the only opponent to the change, claiming the new standards are too strict.

State leaders to begin formal government reform study

February 3, 2014

(The Charlotte Observer)

Gov. McCrory's administration will hire a consultant to review the state government's organizational structure and the functions of state agencies. The objective of the North Carolina Government Efficiency and Reform initiative is to look for ways to save money and improve services. A consutant for NC GEAR will be hired by the end of the month, and its report is due Feb. 2015.   

President of N.C. Bankers Association to retire in 2015

January 31, 2014

(The Charlotte Observer)

Thad Woodard, 68, will retire as chief executive of the North Carolina Bankers Association after nearly 37 years with the organization. His last day with the trade group will be Jan. 1, 2015.

First Citizens reports higher profit for fourth quarter

January 31, 2014

(The News & Observer, Raleigh)

The parent company of First Citizens Bank reported net income of $27.2 million in the fourth quarter, up 25% from the same period last year. The bank attributes the higher profit to a lower provision for loan losses and an increase in noninterest income, which more than doubled compared to 2012.

Cost of winter storm not yet known; state to focus on replenishing resources

January 31, 2014

(The News & Observer, Raleigh)

The cleanup cost of this week's winter storm is still unknown, and Gov. McCrory says the storm exceeded the state's expectations in some areas. Tony Tata, secretary of the state Department of Transportation, said his agency's priority now is replenishing sand, salt and brine in order to be prepared for future storms.