Triangle

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.

Moore County shopping center sold to New York firm

October 31, 2013

(The Fayetteville Observer)

A New York-based firm has bought Aberdeen Commons, a 121,785-square-foot shopping center which opened in 2005. The Rosen Group, which owns 17 other N.C. properties, paid $20.24 million for the Moore County property.

Morrisville gem company signs deal with Kohl's

October 30, 2013

(The News & Observer, Raleigh)

Charles & Colvard has signed a distribution agreement with Kohl's to supply its patented moissanite gemstones for the retailer's online jewelry store. The company's Forever Brilliant gemstones are made from silicon carbide enhanced with up to four color shades.

Federal shutdown cost North Carolina $95 million

October 30, 2013

(The Charlotte Observer)

A press release Tuesday from the Democratic Senate Campaign Committee claimed the federal government shutdown cost North Carolina up to $340 million, but a representative from Moody's Analytics estimates the real figure is $95 million.

Rural Center begins new existence with $7 million in funding

October 30, 2013

(The News & Observer, Raleigh)

The N.C. Rural Economic Development Center learned this week its budget will be diminished to about $7 million as the state Commerce Department takes over its grant-making responsibilities. 

RTP pharmaceutical Biogen Idec reports revenue up 32 percent

October 29, 2013

(The News & Observer, Raleigh)

Strong sales of a new drug for multiple sclerosis led to a 32 percent increase in revenue for Biogen Idec, a Weston, Mass.-based drug maker that employs about 1,200 in Research Triangle Park. Sales of Tecfidera were $286.4 million for the third quarter, beating out analysts' average estimate of $217.2 million.

Gov. McCrory rejects proposal to reconsider expansion of Medicaid

October 29, 2013

(The News & Observer, Raleigh)

Reacting to a news conference on Monday by a group supporting Medicaid expansion, Gov. Pat McCrory said he will not call a special legislative session to allow more low-income residents to sign up for the federal health insurance program. The state legislature voted this year to reject Medicaid expansion, an optional part of the Affordable Care Act.

ChannelAdvisor partners with European online retailer

October 28, 2013

(The News & Observer, Raleigh)

ChannelAdvisor, the Morrisville-based e-commerce technology company which just announced the opening of a new office in Brazil, said Friday it has formed a partnership with one of the world's largest online retailers, United Kingdom-based Tesco, providing ChannelAdvisor's more than 2,000 customers an additional online marketplace to do business. 

Sanford jetport reopens after runway resurfacing

October 28, 2013

(The Sanford Herald)

The Raleigh Executive Jetport reopened last week after a 50-day closure for the contruction and repaving of the runway. The upgrade will allow heavier planes to land at the Lee County airport. Additonal improvements are also planned for the jetport, including the installation of LED lights and the addition of 28 T-hangers, which already has a waiting list.

Commerce unveils plan for new job recruitment strategy

October 28, 2013

(The News & Observer, Raleigh)

N.C. Commerce Secretary Sharon Decker shared details of the state's new job recruitment strategy with a group of Triad business leaders last week. Department of Commerce workers in industrial recruiting, marketing and travel and tourism divisions will transfer to a new public-private nonprofit corporation beginning early next year.

State GOP leader helps McCrory recruit for government jobs

October 28, 2013

(The News & Observer, Raleigh)

The executive director of the N.C. Republican Party is helping Gov. Pat McCrory fill state government jobs by sending weekly notices to county GOP leaders advertising the open positions, a practice that some say raises concerns about the politicization of the government workforce. 

AG Cooper will file second appeal to Duke rate increase

October 25, 2013

(The News & Observer, Raleigh)

N.C. Attorney General Roy Cooper will appeal a 7.2 percent rate increase for Duke Energy's 1.8 million customers for the second time. Just Wednesday, the N.C. Utilities Commission upheld the rate hike it first approved in January 2012 after the N.C. Supreme Court had ordered it to review its decision. 

Morrisville e-commerce company expands to Latin America

October 25, 2013

(The News & Observer, Raleigh)

Morrisville-based ChannelAdvisor announced it has opened an office in Sao Paulo, Brazil and is partnering with MercadoLibre, Latin America's largest e-commerce operator. ChannelAdvisor is an e-commerce technology company which helps retailers integrate and manage online sales.

Navy Rear Admiral to serve as interim CEO of Raleigh's WakeMed

October 25, 2013

(The News & Observer, Raleigh)

Raleigh-based WakeMed Health & Hospitals is appointing Donald Gintzig, a Navy Rear Admiral who has served as CEO of a half-dozen hospital and health care systems, to be interim president and CEO of the 884-bed system. WakeMed fired former CEO Bill Atkinson in September.

Duke, UNC awarded more than $100 million in NIH grants

October 23, 2013

(The News & Observer, Raleigh)

Duke University and UNC Chapel Hill will receive grants totaling almost $102 million from the National Institute of Health to help transform clinical research into advances in patient care. A grant for $54.6 million was given to a partnership between UNC Chapel Hill, RTI International and N.C. A&T State University. A $47 million grant renewal will be awarded to Duke University.

Cary's SAS partners with German software giant

October 23, 2013

(The News & Observer, Raleigh)

Cary-based SAS says it has formed a strategic partnership with Germany's SAP, the world's top producer of business-management software. The collaboration will allow the companies to create technology that will allow SAS' business analytics applications to run on SAP's HANA software platform, simplifying things for users.

Former state Commerce Secretary Crisco considers run for U.S. Congress

October 23, 2013

(The News & Observer, Raleigh)

Keith Crisco, former state Commerce Secretary under Gov. Beverly Perdue, says he is considering running for the Democratic nomination for the 2nd congressional district, challenging Republican Rep. Renee Ellmers.