Business: Local and State

Mar. 26, 2014 @ 06:46 PM

N.C. Mutual president says 2013 a ‘time of change’ for company

N.C. Mutual Life Insurance Co. executives made some “very difficult decisions” last year to position the company for the future, company president James H. Speed Jr. said Wednesday.

Mar. 25, 2014 @ 04:57 PM

Business briefs

  • Report shows hardship for renters
  • Career fair details revealed
  • Black Women in Business event planned

Mar. 25, 2014 @ 11:17 AM

Harvest 18 opens in southern Durham

  • Harvest 18 now open
  • Zaxby’s this spring

Mar. 25, 2014 @ 10:22 AM

Carrboro tech firm plans move to downtown Durham

A Carrboro-based tech company plans to move to downtown Durham later this year to be closer to other tech-focused start-ups.

Colin Copeland, chief technology officer and co-founder of Caktus Consulting Group, said the company plans to move later this year after construction is completed on the building in the fourth quarter.

Mar. 24, 2014 @ 05:08 PM

Business briefs, March 25

  • Paradoxos festival to kick off in April
  • N.C. Mutual to hold annual meeting
  • Lenovo gets contract for 8,000 PCs

Mar. 23, 2014 @ 05:43 PM

‘Involving people in the family history’

Barbecue isn’t just a hobby for Ryan Mitchell and his father, Pitmaster Ed Mitchell, who are partnering to open a new downtown barbecue restaurant called ’Que this spring.

Mar. 23, 2014 @ 05:05 PM

Career briefs, March 24

  • ARCA receives manufacturing award
  • Entrepreneur wins award
  • Farm Bureau honors local agent

Mar. 21, 2014 @ 08:43 PM

Alleged false claim filings to cost Duke $1M

Duke University Health System has agreed to pay $1 million to resolve allegations that it made false claims to federal health care programs.
The settlement was announced Friday by Thomas G. Walker, U.S. attorney for the Eastern District of North Carolina, and N.C. Attorney General Roy Cooper.

Mar. 19, 2014 @ 06:27 PM

Business briefs, March 20

  • Durham County sees 2.9 percent wage growth in third quarter
  • Tech-focused job fair slated April 9

Mar. 19, 2014 @ 05:48 PM

Pipeline work may mean more customers in Durham, Orange

Natural gas provider PSNC Energy is investing $13 million in new natural gas pipeline in Durham and Orange counties – a move that could position the company to add new customers.

The pipe is being installed along about 34 miles of existing roadway, said Angela Townsend, a company spokeswoman, in an email. Construction started last July, and is expected to wrap up by June.

Mar. 19, 2014 @ 06:48 PM

M&F Bank president steps down from day-to-day role

 Kim D. Saunders has stepped down from running the day-to-day operations of Mechanics and Farmers Bank, the Durham-based bank with a long profitability record and a deep history as a prominent African-American-led business on what was known as Durham’s Black Wall Street.

Mar. 18, 2014 @ 09:13 PM

Alexandria Real Estate envisions ‘convergence cluster’ on RTP site

In line with Research Triangle Park officials’ vision for new, more urban development clusters in the park, a California-based real estate trust is planning to develop a new lab and office cluster on the existing campus of The Hamner Institutes for Health Sciences.

About two years ago, the life science-focused real estate trust Alexandria Real Estate Equities Inc. paid about $20 million for land and the building in the Research Triangle Park that’s occupied by The Hamner, a biomedical research institute that does research for private companies, the government, and academia.

Mar. 18, 2014 @ 09:07 PM

Business Briefs

  • Mechanics and Farmers parent company maintains profitability record

Mar. 17, 2014 @ 07:52 PM

Patrons celebrate sense of family at Charlie’s

From the first time they walked into Charlie’s Pub & Grille on Ninth Street, their daughter Allison toting an oxygen tank, Thomasville resident Tamara Hunt said they were welcomed with open arms.

Mar. 17, 2014 @ 05:26 PM

Business briefs, March 18

  • Square 1 to sell shares for $15 to $17
  • Diabetes drug developer BioKier to license technology
  • Morrisville drug developer to go public