Triangle
Dex One, Supermedia close to completion after judge's approval
April 30, 2013
(The News & Observer, Raleigh)
A federal judge approved plans for a merger between Cary-based Dex One and Dallas-based Supermedia in a move that will also allow both companies to emerge from pre-packaged bankruptcy. The merger is expected to be completed this week.
Chimerix reports positive results for experimental drug
April 30, 2013
(The News & Observer, Raleigh)
Durham drug developer Chimerix, which went public this month, said its experimental antiviral drug had positive results for most human patients, and a third round of clinical trials will begin in several months.
State attorney general seeks stay in Duke rate case
April 30, 2013
(Associated Press)
State Attorney General Roy Cooper wants the N.C. Utilities Commission to stay a rate increase implemented last year by Duke Energy after the state Supreme Court found earlier this year that the commission did not properly consider its effects on consumers.
Tax breaks for businesses add up
April 29, 2013
(The News & Observer, Raleigh)
Tax breaks added up to $1 billion this year, showing how loopholes in the state's tax code favors some businesses over others.
Revenue growth at Quintiles slows as IPO planned
April 26, 2013
(The News & Observer, Raleigh)
Revenue growth at Durham-based pharmaceutical-services company Quintiles slowed in the first quarter compared to yearly growth in 2012, though income from operations rose 25%. The company hopes to raise $600 million in an initial public offering.
McCrory unveils 'innovation center' for state government
April 26, 2013
(Associated Press)
Gov. Pat McCrory unveiled an "innovation center" that will be housed in the Department of Environment and Natural Resources in Raleigh and aims to let employees test new tech products before the state purchases them.
Bill to make hospital bills more clear passes Senate panel
April 25, 2013
(The News & Observer, Raleigh)
A state Senate committee passed a bill that would make hospital bill easier to understand and prohibit wage garnishment or lien-holding against a home if bills are unpaid.
Durham drug developer moving headquarters to California
April 25, 2013
(The News & Observer, Raleigh)
Durham-based drug developer Tranzyme Pharma will merge with privately held Ocera Therapeutic in an all-stock deal and move its headquarters to San Diego. Its 29 Triangle employees are expected to be uneffected.
State's growth improves but still lags nation
April 24, 2013
(The News & Observer, Raleigh)
North Carolina's revenue and tax collections are steadily increasing this year, but the numbers -- particularly lower sales-tax collections than predicted -- show how the economic recovery is still tenuous. The state still lags the the nation in growth though.
Cree revenue helped by consumer-targeted light bulbs
April 24, 2013
(The Herald-Sun, Durham)
Durham-based Cree's third-quarter revenue jumped 23% as it was helped by the introduction of its consumer-targeted LED light bulb.
ACC contract makes leaving league more difficult
April 23, 2013
(The News & Observer, Raleigh)
A new Atlantic Coast Conference contract among its 15 teams should make it more difficult to poach any of the league's teams because of a clause that allows the ACC to retain a school's television rights if they depart. That would mean no television revenue for a new league.
Manufacturer expanding in Montgomery County
April 23, 2013
(The News & Observer, Raleigh)
Jordan Forest Products, a maker of wooden pallet parts, will expand its plant in Biscoe, adding 31 to its local workforce of 301 and investing $1.4 million.
Novartis plans another expansion in Holly Springs
April 23, 2013
(The News & Observer, Raleigh)
Pharmaceutical company Novartis plans to add a $60 million "technical services building" in Holly Springs, with construction expected to start this summer. The addition is because of a contract with the U.S. Department of Health and Human Services' chemical and biological threat response program.
McCrory unveils new model for transportation funding
April 19, 2013
(Associated Press)
Gov. Pat McCrory unveiled a proposal that would divert 80% of state transportation money to projects that can prove their economic importance. The rest would be split evenly between North Carolina's 14 transportation districts.
Time names Duke oncologist one of 'most influential'
April 19, 2013
(The News & Observer, Raleigh)
Time magazine named Duke University oncologist Kimberly Blackwellas one of the world's 100 most influential people. Blackwell has researched treatments for breast cancer.
N.C. Attorney General pushes for hospitals to be more transparent
April 18, 2013
(The News & Observer, Raleigh)
N.C. Attorney General Roy Cooper wants the legislature to pass measures to make hospital billing more transparent and require them to notify officials before they acquire other hospitals or physician practices.
Durham app company secures $5M venture-capital loan
April 18, 2013
(The Herald-Sun, Durham)
Durham-based Appia, which builds and operates mobile apps, secured a $5 million loan from Portland, Maine-based North Atlantic Capital.
Lawmakers weigh raising interest rates for consumer loans
April 16, 2013
(The News & Observer, Raleigh)
A bill introduced in the state Senate would allow consumer-lending companies to raise the amount they can loan out from $10,000 to $15,000 and also hike the interest rate on higher-dollar loans. The industry points out that it also would lower rates in some cases.
Preparations begin for next year's U.S. Open at Pinehurst
April 15, 2013
(The Fayetteville Observer)
Although the U.S. Open at Pinehurst No. 2 is more than a year away, preparations are already under way for the historic tournament, which will host the men and women in back-to-back weeks.
BASF may expand again in RTP
April 15, 2013
(The Herald-Sun, Durham)
German chemical company BASF may expand its plant science and crop protection business in Research Triangle Park.
