Triangle

McCrory: NC to promote business, tourism at U.S. Opens

February 18, 2014

(The Pilot, Pinehurst)

In a speech at the annual meeting of the Carolinas PGA in Greensboro, Gov. Pat McCrory said the state will use back-to-back U.S. Opens this June to promote business and tourism. McCrory said he plans to concentrate on recruiting Asian companies during the Women’s Open because of the number of Asian golfers.

New construction leads to lower apartment rents in Durham

February 18, 2014

(The Herald Sun, Durham)

A market research study reveals that 30% of more than 10,000 Triangle area apartments under construction are in Durham County, and the boom in construction is leading to lower rents. Charlotte's Real Data reports the average rental rate in Durham in January was $887, down 2.3% from six months ago. 

Fewer jobs available for IT workers in NC

February 17, 2014

(The News & Observer, Raleigh)

According to a report from the N.C. Technology Association, the number of job postings in the information technology field fell to 3,000 in January, down 16.4% from a year ago and down 27.2% from two years ago. 

Gov. McCrory says teacher pay hike is first step of comprehensive plan

February 17, 2014

(The Charlotte Observer)

Gov. Pat McCrory says that his proposal to increase pay for first-time teachers is only the first step in a comprehensive plan and he expects to introduce future proposals to reward veteran educators. 

Quintiles reaches $1 billion revenue mark, will eliminate 400 jobs in 2014

February 14, 2014

(The News & Observer, Raleigh)

Durham-based Quintiles posted revenue of $1 billion for the fourth quarter, and projected revenue for 2014 will be between $4.09 billion and $4.15 billion. The medical research company also plans to cut 400 jobs worldwide as part of a restructuring; a company spokesman would not say if and how many of those jobs would be in North Carolina.

Education forum attracts 1,300 in Raleigh

February 13, 2014

(The News & Observer, Raleigh)

About 1,300 people attended the Emerging Issues Forum on education in Raleigh this week. Participants discussed ideas about how to keep the best teachers and maintain quality teaching in the classroom.  

Raleigh man fined $5.2 million for running Ponzi scheme

February 13, 2014

(The News & Observer, Raleigh)

A Raleigh businessman and his company, Harbor Light Asset Management, were fined for running a Ponzi scheme involving 377 people. Michael Anthony Jenkins was ordered to pay $5.2 million in restitution and civil penalties.

Voller postpones announcement of new Democratic party leader

February 13, 2014

(The News & Observer, Raleigh)

After resistance from party leaders, N.C. Democratic Party Chairman Randy Voller canceled a news conference scheduled for Wednesday morning where officials said he had planned to name Ben Chavis as executive director.  

Blue Cross rebukes other insurers for not selling subsidized plans

February 12, 2014

(The News & Observer, Raleigh)

In a message posted on its website, Blue Cross and Blue Shield calls out six insurance companies which did not elect to sell subsidized health-insurance policies on the federal marketplace. A company spokeswoman says the message is there for customers frustrated over the lack of choices on the exchange. 

DHHS denies UNC Healthcare application for Chatham Park project

February 12, 2014

(The News & Observer, Raleigh)

The N.C. Department of Health and Human Services denied an application from UNC Healthcare to build a 90-bed nursing center in Chatham Park, a proposed development near Pittsboro that could eventually house 60,000 people. State regulators instead awarded the project to Liberty Healthcare Properties of Chatham County.

State environmental regulators to create task force for coal-ash ponds

February 12, 2014

(The News & Observer, Raleigh)

The N.C. Department of Environment and Natural Resources announced it will assemble a task force of experts in water resources, dam safety and solid waste management to review coal-ash ponds in an effort to prevent another spill.

Durham software company to hire 65-70 workers in 2014

February 11, 2014

(The News & Observer, Raleigh)

Bronto Software plans to hire 65-70 workers this year as its business grows. The email-marketing firm, whose clients include Roku, Samsonite and Timex, will add salespeople and software engineers at its recently expanded headquarters in Durham and at offices in London and Sydney, Australia.

Lenovo, IBM bringing technology to Africa

February 11, 2014

(WRAL TechWire)

Lenovo will expand its smartphone business into three west African countries including Nigeria, the continent's most populous, while Armonk, N.Y.-based IBM plans to invest $100 million in Africa to introduce its artificial intelligence system known as Watson.

NC Democratic Party to name Chavis as executive director

February 11, 2014

(The News & Observer, Raleigh)

After the recent firing of Executive Director Robert Dempsey, the North Carolina Democratic Party will announce his replacement on Wednesday. Chairman Randy Voller is expected to pick civil-rights advocate and North Carolina native Benjamin Chavis for the position, a controversial choice that many not win support from state party leaders.

Durham's Argos Therapeutics raises $45 million in IPO

February 10, 2014

(Durham Herald-Sun)

Argos Therapeutics raised $45 million from an initial public offering on Friday. The drug development firm plans to use the proceeds for clinical trials for treatments still in development, particularly one for kidney cancer, and for expenses related to a new manufacturing plant.

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.