Business: Local and State

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.

Apr. 08, 2014 @ 06:02 PM

Durham-based Clinverse sees ‘significant growth’

Durham-based Clinverse, a company behind software that automates payments for clinical trials, announced Tuesday that it saw “significant growth” in the first quarter of the year.

Apr. 07, 2014 @ 08:27 PM

Business briefs, April 8

  • Boutique hotel developer's restaurant plans take shape
  • 751 South developer working on financing

Apr. 07, 2014 @ 04:43 PM

Spring gas price peak expected to be below 2013 levels

North Carolina gas prices aren’t expected to climb as high as they did last year at their peak, according to AAA Carolinas.

Prices typically climb in late winter and early spring as refineries do seasonal maintenance to prepare for the summer driving season and to switch to summer fuel blends before May 1, said Angela Vogel Daley, a spokeswoman for AAA Carolinas. During that time, they’re less productive, and supply is tightened.

Apr. 06, 2014 @ 06:56 PM

Durham company looks to commercialize cooling technology for refrigeration

A Durham-based company raised nearly $26 million in venture capital recently in order to try to bring a thermo-electric cooling technology for refrigerators to market.

Apr. 06, 2014 @ 06:08 PM

Career briefs, April 7

  • Southern Season announces new president  
  • Farm Bureau honors agency manager
  • Chimerix appoints Lisa Ricciardi to board

Apr. 07, 2014 @ 03:36 PM

Cree Inc. plans outdoor lighting test facility

The Durham-based energy efficient light maker Cree Inc. plans to grow its Research Triangle Park footprint with the construction of an outdoor lighting testing facility.

The company makes light-emitting diode, or LED, indoor and outdoor light bulbs, fixtures and components.

Apr. 03, 2014 @ 07:00 PM

Business briefs, April 4

  • TyraTech launches lice product
  • Surgical device company completes reverse stock split

Apr. 03, 2014 @ 06:53 PM

Durham company to showcase 250-megapixel camera capabilities

Their first cameras were about the size of two microwaves stacked one on top of the other, but they could takes images in great detail. That’s 1 billion pixels of detail, to be exact.

Apr. 02, 2014 @ 06:01 PM

UNC Health Care starts affiliation with Nash

UNC Health Care, a growing Chapel Hill-based system that has partnerships with health care providers around the state, has launched one with Nash Health Care.
The two health care providers announced this week that their new management services agreement took effect Tuesday.
Through the deal, Nash will get access to UNC Health Care’s managerial, clinical and operational resources, and both systems hope to see cost savings. The deal does not involve the sale or exchange of assets.

Apr. 02, 2014 @ 05:56 PM

Business briefs, April 3

  • Sushi restaurant Basan to open at Diamond View III
  • Scynexis changes IPO terms
  • N.C. fast-food workers to protest in Durham

Apr. 02, 2014 @ 11:38 AM

Roses closing at University Mall

After more than 40 years at Chapel Hill’s University Mall, the Roses discount variety store location there will be closing at the end of June.

The store is the mall’s second anchor tenant to close recently behind Dillard’s.
“The landlord felt the property was worth more in their mind, and I think they’re trying to upscale the mall,” said Wilson Sawyer, chief operating officer for Henderson-based Variety Wholesalers, which is the parent company of Roses stores.

Apr. 01, 2014 @ 07:17 PM

Business briefs, April 2

  • CoreLogic: Durham-Chapel home prices up in February
  • UNC Health Care launching new online system

Apr. 01, 2014 @ 05:11 PM

Scynexis eyes going public

Scynexis, a Durham-based pharmaceutical company that’s working on treatments for fungal infections, is looking to go public.
According to regulatory filings, the company expected to sell more than 4 million shares for between $12 and $14 per share.

Apr. 01, 2014 @ 05:20 PM

Code school for programmers to launch in Durham

There’s a strong need for trained computer programmers in the Triangle, where there’s a growing community of start-ups, said Nick Jordan, the CEO of the Durham-based web and mobile design company Smashing Boxes.
“I think it’s really kind of a dire situation,” Jordan said, adding that he could hire five additional programmers if he could find them.