Triangle

New rules for rivers

July 31, 2014

(News and Observer, Raleigh)

The General Assembly agreed to replace rules that protect North Carolina’s rivers and streams with new regulations written by industry insiders and regulators.

Triangle unemployment hits six-year low

July 31, 2014

(News and Observer, Raleigh)

The jobless rate in Raleigh-Durham fell to 5% in June, its lowest level in six years and down from 7.2% the year before.

The Pantry soars on earnings report

July 31, 2014

(News and Observer, Raleigh)

Shares of the Cary-based convenience-store chain skyrocketed 15% Wednesday after it reported third-quarter earnings above analysts' expectations.

Martin-Marietta beats earnings estimates

July 30, 2014

(News and Observer, Raleigh)

Martin-Marietta Materials earned $1.34 per share in the second-quarter, beating analyst estimates of $1.29.

Variety Wholesalers plans southeast Raleigh grocery

July 30, 2014

(News and Observer, Raleigh)

Variety Wholesalers, the retail-store chain owned by Art Pope, bought a Kroger store in southeast Raleigh with plans to open a Rose's store and an adjacent supermarket.

Raleigh politicians settle on budget

July 30, 2014

(News and Observer, Raleigh)
Legislative leaders in Raleigh agree on a $21.3 billion budget that would boost starting pay for teachers to $35,000.

 

Cooper won't fight federal court ruling

July 29, 2014

(News & Observer, Raleigh)

N.C. Attorney General Roy Cooper says it would be "futile" to fight a U.S. Court of Appeals decision that struck down Virginia's ban on same-sex marriage. The final decision, he says, will most likely be made by the U.S. Supreme Court.

Duke deal expected to lower power costs in eastern N.C.

July 29, 2014

(The Charlotte Observer)

Duke Energy agreed to pay $1.2 billion for North Carolina Eastern Municipal Power Agency's stake in four power plants.The deal should allow Raleigh-based ElectriCities, which manages the agency, to eliminate 70% of its debt and lower power costs to its 270,000 retail customers.

Senate, House say they've reached a budget deal

July 28, 2014

(Raleigh News & Observer)

The North Carolina Senate and House have agreed to a budget that increases the salaries of state teachers by 7% and saves the jobs of teaching assistants.

The myth behind N.C.'s cut in jobless benefits

July 28, 2014

(The New York Times)

After eliminating jobless benefits for those unemployed 20 weeks or longer, North Carolina became a partisan player in the debate on economic policy. A closer look, however, reveals that it has performed similarly to neighboring states.   

American Underground to double space in downtown Durham

July 25, 2014

(WRAL TechWire)

American Underground, which operates three business incubators in the Triangle area, will double the size of its downtown Durham location, creating space for 50 additional startups. 

Eshelman resigns from UNC Board of Governors

July 25, 2014

(StarNews, Wilmington)

Fred Eshelman resigned from the UNC Board of Governors a year before his term was set to expire. Eshelman founded Wilmington-based PPD and Morrisville-based Furiex Pharmaceuticals, which was acquired by Dublin-based Actavis on July 2 for $1.1 billion.

PowerSecure gains new contracts totaling $140 million

July 24, 2014

(The News & Observer, Raleigh)

PowerSecure International announced contracts totaling $140 million, including $120 million of utility-scale solar projects. The Wake Forest-based company provides technology products and services to electric utilities. Its stock rose 12% on Wednesday.

Raleigh earns top spot on Forbes' list of best places for business

July 24, 2014

(The News & Observer, Raleigh)

Raleigh is No. 1 on Forbes magazine's list of best places for business and careers, up from the third spot last year. The city's high number of college-educated residents, proximity to Research Triangle Park and fewer regulations for small businesses were listed as reasons for earning the top spot.

VantageSouth, Yadkin post strong second quarter results

July 24, 2014

(The News & Observer, Raleigh)

Statesville-based Yadkin Bank and Raleigh-based VantageSouth Bank both posted gains in net income for the second quarter, with VantageSouth reporting a 67% increase from a year ago. The banks have a combined 74 branches after completing a merger on July 4. Combined, the two banks would have generated operating income of $15.5 million, excluding taxes and merger costs.

Zipper maker expanding in Oxford

July 23, 2014

(The News & Observer, Raleigh)

Ideal Fastener Corp. will invest more than $5.7 million in its Granville County plant and will add 155 jobs over five years. The second-largest zipper manufacturer in the world, Ideal employs 226 at its manufacturing headquarters in Oxford.

Morrisville's Gentris acquired by Cancer Genetics

July 23, 2014

(The News & Observer, Raleigh)

Rutherford, N.J.-based Cancer Genetics completed its $6.25 million acquisition of Gentris Corp. The Morrisville-based company works with pharmaceutical companies to integrate pharmacogenomics into clinical trials. Gentris' 40 employees will keep their jobs.

UNC Health Care poised for rebound in 2015

July 22, 2014

(The Herald-Sun, Durham)

The UNC Health Care board of directors expects the system will post a profit of $104 million for fiscal 2015. The hospital system, which includes eight medical centers, has projected a loss of $12.2 million for fiscal 2014, largely due to its investment in a new electronic health record system.

GE adding 60 jobs at Mebane plant

July 22, 2014

(The News & Observer, Raleigh)

GE Industrial Solutions will add a new production line and create 60 new jobs by the end of 2015 at its Mebane plant, where it employs more than 500. Fairfield, Conn.-based General Electric employs more than 4,850 across North Carolina.

State Rep. Jim Fulghum dies at 70

July 21, 2014

(The News & Observer, Raleigh)

North Carolina Rep. Jim Fulghum, 70, died Saturday. The Wake County Republican was diagnosed with metastatic esophageal cancer three weeks before his death. A retired neurosurgeon, the Raleigh native was first elected to the House in 2012.