Business: Local and State

Apr. 17, 2014 @ 09:00 PM

Business briefs, April 18

  • Argyle Social closes
  • Cambro to create 100 jobs in Alamance
  • TIAA-CREF opens new Durham office

Apr. 17, 2014 @ 08:50 PM

Google Inc. opens doors to showcase Franklin Street office

A peek into Google Inc.’s downtown Chapel Hill offices on Thursday revealed employees sitting or standing in front of two and sometimes three computer screens, and white boards on the walls for drawing or writing.

Apr. 15, 2014 @ 05:49 PM

Bayer CropScience opens Bee Care Center in RTP

Honeybees are in trouble.

Each year, the United States loses about a third of its honeybee population, said David R. Tarpy, an associate professor and extension beekeeper at N.C. State University.

Apr. 16, 2014 @ 09:54 AM

Covidien buys surgical device company Durham businessman helped lead

New Wave Surgical, a Florida-based surgical device company that was co-run by a Durham-based real estate investment executive, sold recently to the global health care products company Covidien.
Andrew Widmark was chairman and co-CEO of the Pompano Beach, Fla.,-based New Wave Surgical before the acquisition. The company developed and sold a device designed to keep laparoscopic surgical lenses clean and clear of fog.

Apr. 14, 2014 @ 06:28 PM

Liberty Warehouse sells to East West Partners

The former tobacco auction warehouses on Rigsbee Avenue known as Liberty Warehouse sold Friday for $3.5 million to the Chapel Hill-based firm that plans to redevelop the property.

Apr. 14, 2014 @ 06:07 PM

Durham County home sales up 4.5 percent in March from 2013 level

Durham County home sales ticked up 4.5 percent in March year-over-year while home sales across four counties in the Triangle were down 1 percent.

Compared with February, however, sales were up both in the Triangle and in Durham, according to Triangle Multiple Listing Service data.

Apr. 13, 2014 @ 03:43 PM

Career briefs

  • Merrill Lynch adviser earns distinction
  • Inn names new business travel sales manager
  • Cumming adds Durham office

Apr. 11, 2014 @ 06:23 PM

Curator for company describes ‘immersive art’ in hotels

In a Cincinnati hotel, there’s an art installation along the walls leading to the spa that’s designed to simulate the experience of walking through a wind-blown, grassy field. And in a hotel in Bentonville, Ark., an installation uses fishing line to make it look like a sudden gust of wind has blown 400 sheets of paper permanently into the air.

Apr. 11, 2014 @ 01:36 PM

AT&T proposal for high-speed fiber network takes step forward

From the pack of providers in the running to possibly bring a high-speed, fiber Internet network to the Triangle, AT&T Inc. has taken a step forward.

The company announced Thursday that its proposal for an ultra-high speed network has been sent on by a group of Triangle universities and towns that asked for proposals -- called the North Carolina Next Generation Network or NCNGN -- to the municipalities in the group for closer scrutiny.

Apr. 10, 2014 @ 07:05 PM

Business briefs, April 11

  • RDU Terminal 1 opening Sunday
  • Data center infrastructure company to move downtown
  • Chapel Hill landlord barred from taking deposits

Apr. 10, 2014 @ 06:52 PM

Durham startup connects health apps, devices, with hospitals, businesses

Weight-monitoring mobile apps. Wearable devices that track fitness and nutrition. Glucose meters. Blood pressure monitors.

The Durham-based company Validic has developed technology that can get data from wearable healthcare-related devices and apps and that can send it to hospitals, corporate wellness programs and other businesses that want to analyze and track it.

Apr. 09, 2014 @ 05:05 PM

Area unemployment falls to 4.9%

Unemployment in the Durham-Chapel Hill metro area fell in February to 4.9 percent, the lowest rate that the area has seen since June 2008.

That’s according to seasonally adjusted data from the N.C. Department of Commerce’s Labor and Economic Analysis Division.

Apr. 09, 2014 @ 04:59 PM

Business briefs, April 10

  • Bella Bean Organics expands delivery
  • Cree honored with four other N.C. companies
  • IBM exec to keynote NCTA tech conference

Apr. 09, 2014 @ 06:45 PM

Chimerix CEO steps down, replacement named

Durham-based Chimerix Inc. has named a successor for CEO Ken Moch, who is resigning about a month after a family’s request for access to the company’s experimental drug brincidofovir to save their 8-year-old son drew national attention.

While Chimerix declined to release the drug the way the family requested, the company was able to get the drug to Josh Hardy. Company leaders struck a deal with the U.S. Food and Drug Administration for the launch of a pilot study that was expected to be part of a larger clinical trial. Josh was the first patient enrolled, and more patients were expected to get access, too.

Apr. 08, 2014 @ 06:59 PM

Compare Foods to open third Durham store

Compare Foods Supermarkets, a grocery store chain that looks to compete on product variety and that offers products and services to cater specifically to Latino customers, is opening a third Durham store.