Valentine’s Day is for restaurants what Christmas is for retail shops, said Matt Kelly, the owner of Durham’s Mateo Tapas restaurant.
So Kelly said that being closed for two days prior to the big day because of the snow did have an impact on the business.
The boom in apartment construction in Durham County and across the Triangle has helped to bring down average rental rates, according to a recently released report from the Charlotte-based market research firm Real Data.
However, a real estate company behind one of the new apartment complexes in downtown Durham expects to be able to buck that trend due to the location and type of product it’s offering.
Across Durham County, the average rental price per unit in January was $887. That was down 2.3 percent compared with the average in July of last year. That’s a larger decline than was seen in the three Triangle counties of Wake, Durham and Orange, where the average was down 1.7 percent to an average rate of $868 per month.
Durham-based clinical trials manager Quintiles Transnational Holdings Inc.’s service revenues were up about 6 percent to more than a $1 billion for the fourth quarter of last year, making it a record quarter for the multinational company.
That was the first time in Quintiles’ history that the company has seen billion-dollar revenues in a single quarter. Also, the company’s service-revenue total also beat the average Wall Street analyst estimate for the quarter of $980 million, as compiled by Thomson Reuters I/B/E/S.
The Durham-based marketing software company Bronto Software is planning to hire 65 more workers in 2014, according to the company’s chief executive and co-founder.
Launched in 2002 out of CEO Joe Colopy’s home, the company is now based in Durham’s American Tobacco Campus, and employs 180 people. The company is in the business of developing and selling software for online retailers that allows them to drive email, mobile and social campaigns.
Growler Grlz wants to bring fresh craft beer from the tap to you.
The planned craft beer shop expects to sell beer in the jug-like, re-sealable containers called “growlers” in South Durham later this year.
It’s a beer that belongs in a can.
Fullsteam Brewery has made its first foray into canned beer sales with its golden-colored, ginger-flavored pale ale “Cackalacky.”
The roll-out of the canned beer is a step toward appealing to a broader market with more consumer-friendly packaging, said brewery founder and CEO Sean Lilly Wilson.
Durham-based drug developer Argos Therapeutics Inc. made its public debut on the stock market Friday, trading its stock on the NASDAQ at an initial price of $8 a share.
Previously, the company had targeted its price at between $13 and $15 a share. Argos’ president and CEO Jeff Abbey said recent initial public offerings by other biotechnology firms, as well as fluctuations in the market made it more difficult for the company to reach the stock price they had initially hoped for
Unemployment in the Durham-Chapel Hill metro area fell in December to 5.3 percent, the lowest rate in the area since September of 2008.
That’s according to unemployment estimates released Wednesday by the N.C. Department of Commerce’s Labor and Economic Analysis Division that were adjusted for seasonal variations in employment.
UNC-Chapel Hill Chancellor Carol Folt and N.C. Central University business school Dean D. Keith Pigues have been appointed to the Research Triangle Foundation’s Board of Directors.