Business briefs

Jun. 17, 2013 @ 06:09 PM

Durham County foreclosure filings down in May

DURHAM -- The number of civil cases with a foreclosure filing in Durham County was down to 91 in May.
The total was down about 27 percent compared with the same month last year, and was down about 38 percent compared with April.
That’s according to data from the N.C. Administrative Office of the Courts.
Foreclosure filings annually have been on the decline in the county, according to that same data source, since a peak in 2009 of 1,792 filings.

Durham drug developer Viamet raises $10 million
DURHAM – Viamet Pharmaceuticals, a company that’s working to develop drugs using small molecules that block certain metal-containing enzymes that catalyze reactions, has raised $10 million in new funding.
That’s according to an amended filing with the U.S. Securities and Exchange Commission. The filing said the company has sold $10 million worth of securities out of a total offering of $15 million.
The filing date of the first sale of the offering was Oct. 2 of last year. The company had said in a filing later in month that it had sold $3 million of an offering total at that time of when $5.75 million.
According to its website, the company has product candidates including a drug that’s in Phase I testing for the treatment of the nail fungal infection onchyomycosis and candidiasis, a yeast infection. The candidate aims to inhibit an enzyme involved in the synthesis of fungal cell wall sterols.
Viamet’s founders include Holden Thorp, the outgoing chancellor of the University of North Carolina at Chapel Hill, and Dr. Thomas O'Halloran, a chemistry and cell biology professor at Northwestern University.

N.C. commerce department notified of HP layoff in Wake County
DURHAM -- HP Enterprise Services notified state commercial department officials of a layoff of 147 workers in Wake County.
That’s according to a summary of the Working Adjustment and Retraining Notification Act notices that have been sent to the N.C. Department of Commerce’s Division of Workforce Solutions.
Attempts to get access to the actual notice were unsuccessful by deadline Monday.
According to a regulatory filing by HP in September of last year, the company adopted a multiyear restructuring plan in May that included plans to cut about 29,000 positions through fiscal year 2014, with a portion of those employees leaving the company through a voluntary enhanced early retirement program for U.S. employees.
As of the end of April , HP had cut about 18,800 positions as part of the 2012 plan, according to a quarterly regulatory filing.
HP’s services businesses, including HP Enterprise Services, compete in information technology support services, consulting and integration, infrastructure technology outsourcing, business process outsourcing, and application services, according to the company’s annual report, filed in October of last year.
The annual report said the IT support service and consulting and integration markets were under “significant pressure” as customers reduced information technology budgets. However, the trend benefited the outsourcing services businesses.