Mystery Brewing Co. won $50,000 to help grow the more than one-year-old Hillsborough brewery in a competition between three small businesses held as part of a new CNBC Prime television series.
The series “Crowd Rules,” in its first season, brings in three small businesses to compete in front of an audience whose members vote on which business should win an investment. The brewery was part of the second episode that aired Tuesday.
“It’s sort of a shark-tank model,” said Erik Myers, founder, CEO and head brewer at Mystery Brewing, who said that part of the show is to examine at what’s going wrong, and what’s going right, at each of the businesses. “There was always the possibility that maybe we were doing a lot more wrong than we thought we were, and we were going to get completely lambasted on national television.”
A Research Triangle Park-based nonprofit that works to promote biotechnology research and business in the state would receive more funding in the Senate’s state budget version than in the governor’s.
NetApp’s layoff of about 7 percent of its global workforce may have happened as part of an effort by the company to cut costs as revenue growth has slowed, according to an analyst from the investment research firm Morningstar.
California-based NetApp is cutting about 900 employees from its global workforce, the company announced Tuesday as part of the release of its fourth-quarter financial results.
A Durham-based company spun out of Duke University is turning to the crowdfunding website Kickstarter to raise money to tour its gigapixel digital camera technology around the state.
China-based Lenovo cut a small number of jobs at its headquarters in Morrisville as it looks to invest more heavily in higher-growth areas amid declines in global personal computer shipments.
Durham County total closed sales were up more than 16 percent in April compared to the same month last year, but the county’s average and median home sale prices were both down.
Wearing sunglasses to protect their eyes, political officials and others toured Syngenta Biotechnology’s new $72 million greenhouse and laboratory facility in the Research Triangle Park on Friday where corn and other crops are already growing to test the facility’s plant growing conditions.
In the location of what was previously the Carolina Cake Co. in the University Center shopping center, the Dynamik Duo Desserts bakery has opened. It’s located off West Main Street near its intersection with Hillsborough Road, and offers cakes, pies, cheesecakes, cookies, cupcakes, cake pops and other items.
Got business news? Send it to Laura Oleniacz at loleniacz@heraldsun.com.
A pop-up exhibit focused on the history of Durham-based N.C. Mutual Life Insurance Co. will be held Sunday at the Durham History Hub.
The free, public exhibit is sponsored by the company in anticipation of its 115-year anniversary, along with the Museum of Durham History.
The sponsors have invited people with a connection to the company to bring memorabilia and tell stories.
For the most part, the pressure washer that Durham resident Eric Boggs bought a few years ago has been sitting in his basement, collecting dust, he said.
MHAworks announces project designer
Consulting firm employee joins DiabetesSisters board
Two elected to Research Triangle Foundation board
The Herald-Sun plans to sell its 23-year-old building at 2828 Pickett Road and build or lease smaller space elsewhere in Durham.
The Alfredo’s Pizza Villa location in the Hope Valley Commons shopping center on N.C. 54 has closed.
The location in Chapel Hill at University Mall is still operating, however.
