Business: Local and State

Jan. 28, 2015 @ 05:49 PM

Company to lay off 319 Durham workers

Cree Inc. will cut 319 employees who work for the company’s manufacturing facility, according to a government filing. The employees are provided to Cree through the Raleigh-based recruiting firm Greene Resources, which issued the filing.

Jan. 27, 2015 @ 06:25 PM

GOOGLE IT: High-speed Internet, TV en route to Triangle

After a failed bid in 2010, Durham will now be getting access to the high-speed Google Fiber Internet service. Google announced plans to expand service to Durham, Chapel Hill, Carrboro, Raleigh, Cary, Garner and Morrisville on Tuesday amid elected officials from each city and Gov. Pat McCrory.

Jan. 27, 2015 @ 04:04 PM

Carolina Theatre records surplus for 2nd straight year

For the second consecutive year, the Carolina Theatre of Durham recorded a financial surplus, according to audited financial statements presented to its board of trustees Tuesday. The nonprofit recorded a surplus of $40,838 in fiscal year 2014, which ended June 30.

Jan. 26, 2015 @ 05:48 PM

BioCryst treatment receives fast track FDA designation

The Food and Drug Administration (FDA) has granted approval to speed up the development process for a BioCryst treatment used to fight a genetic disorder.

Jan. 26, 2015 @ 05:28 PM

Rise to open first franchise location

After announcing plans to launch a franchise program last summer, Rise Biscuits & Donuts will open its second location, in Morrisville.

The restaurant will open this summer in the Park West Village shopping center.

Jan. 26, 2015 @ 11:10 AM

Master baker brings taste of France to Durham

Benjamin Messaoui, who earned the distinction of Master Baker after studying in Paris, has been baking for 35 years. And now, after 10 years as a head chef at Raleigh-based Neomonde, he’s opened his own business in Durham. Messaoui opened The French Corner Bakery, at 2005 North Pointe Drive, last month and said he’s astounded by the reception it has received.

Jan. 25, 2015 @ 06:37 PM

The Buzz: Code school opening downtown

Astro Code School, developed by Durham web application firm Caktus Group, is set to open in March.

Jan. 25, 2015 @ 06:19 PM

Business briefs: Durham ID, Weejee Learning

Durham Innovation District named finalist ... Weejee Learning earns GSA OK. ...

Jan. 22, 2015 @ 05:24 PM

UNC to invest in own startups; BOT sets $5M fund

UNC-Chapel Hill startups will now have access to $5 million in funding after the university’s Board of Trustees (BOT) announced a new fund Wednesday.

Jan. 21, 2015 @ 06:18 PM

Durham business owner arrested on tax charges

Pharis Hugh Lambert, 63, of Trotter Ridge Road, was charged on Jan. 20 with one count of embezzlement of state property, one count of embezzlement of Durham County property and four counts of willful failure to file return, supply information or pay tax.

Jan. 21, 2015 @ 05:06 PM

State unemployment claims fraud costs $2.7M

From April 2013 to November 2014, the N.C. Division of Employment Security (DES) detected 105 fictitious employer schemes through 672 fraudulent unemployment insurance claims.

Jan. 20, 2015 @ 06:49 PM

‘Ultimate haberdasher’ leaves behind clothing legacy

Polo jackets, tweed, loafers and Oxford shirts — the style made popular on college campuses throughout the country — brings one family’s name to the minds of many: Julian. Milton Julian, known as Chapel Hill’s “ultimate haberdasher” and the brother of Maurice Julian, passed away last Saturday at the age of 96.

Jan. 19, 2015 @ 06:17 PM

CoLucid raises $37.1 million to further migraine treatment development

Durham-based pharmaceutical company CoLucid has raised $37.1 million through Series C stock offerings and will use that to develop its migraine treatment.

Jan. 18, 2015 @ 06:29 PM

The Buzz: Grants to help Ninth Street facelift

The City of Durham will award $70,932 to 13 businesses in the Ninth Street district as part of a streetscape project.

Jan. 17, 2015 @ 06:39 PM

The Buzz: What's on the menu?

Chapel Hill restaurants plan special menus.