Business: Local and State

Jun. 15, 2014 @ 03:31 PM

Career briefs

  • Frontier names regional sales manager
  • M&F Bank Founders Award recipients announced

Jun. 11, 2014 @ 05:04 PM

CFO survey: Public mistrust, sanctions may hurt global economy

Public mistrust and severe sanctions against Russia threaten the global business environment, according to a recent survey by Duke University and CFO Magazine.
Other results of the survey, which concluded June 6, include companies stockpiling cash and that, although economic optimism is on the rise in the United States and Asia, it is down sharply in Latin America and Africa.

Jun. 09, 2014 @ 04:55 PM

Online grocer Relay Foods expands into Durham

The online grocer Relay Foods has launched service in Durham as its first stop of a planned expansion plan in the Triangle. 
The company allows people to order locally grown food as well as other grocery items online by visiting Customers then can either pick up their items at designated locations or to have the items delivered.

Jun. 08, 2014 @ 05:03 PM

Plans for three Central Park sites to become residential housing

Two properties in downtown’s Durham Central Park district have sold to new owners who envision developing residential units on the sites.

At the end of May, a company connected to Durham’s Greenfire Development sold a property at 619-621 Foster St. for $1.2 million to Somerset Partners of North Carolina.

Jun. 08, 2014 @ 04:42 PM

Career briefs, June 9

Glenn P. Bradley becomes Certified Plumbing Designer

Triangle researcher elected to American Academy of Arts and Sciences

Mary Batcher to chair NISS trustees board

SAMSI appoints new directorate leaders


Jun. 07, 2014 @ 04:06 PM

Ambacco incentive payments beginning to wind down

Warm up the fires at City Hall, it’s time to start burning the public’s mortgage on the American Tobacco complex. The city’s incentive-payment promises for the redevelopment of the former cigarette factory are set to start dropping off as of July 1, when its annual obligation to the project drops from $919,011 to $291,325.

Jun. 06, 2014 @ 04:57 PM

Business briefs, June 7

  • Morinaga breaks ground on Orange County plant
  • Quintiles named to 2014 CIO 100

Jun. 05, 2014 @ 01:35 PM

Business briefs, June 6

N.C. IDEA awards grants to six start-ups

Jun. 04, 2014 @ 08:19 PM

Business briefs, June 5

  • CED report: NC sees nine IPOs in 2013
  • Tri Pillar Investments acquired by Atlanta firm
  • N.C., 44 others states settle with GSK

Jun. 04, 2014 @ 11:17 AM

Co-founder of Burt's Bees says he was ousted

Conventional wisdom suggests the Burt behind Burt's Bees left the company after he became disillusioned with the corporate world in North Carolina and wanted to return to his solitary life in Maine.

The reality, Burt Shavitz says, is that he was forced out by co-founder Roxanne Quimby after he had an affair with an employee.

Jun. 03, 2014 @ 07:05 PM

Durham economy on upswing, but ‘we’re not there yet’

Downtown Durham’s workforce has grown, and last year was the third consecutive year of employment growth for the county. But at least one city leader said he doesn’t think “we’re there yet.”

Jun. 03, 2014 @ 06:29 PM

Business briefs, June 4

  • Durham-Chapel Hill home prices up from 2013
  • BioCryst completes stock offering

Jun. 02, 2014 @ 03:45 PM

Sheetz Inc. planning second Durham store

Demolition is expected to begin later this year on a former Shell gas station and a Blockbuster video location on Hillsborough Road to pave the way for a new Sheetz gas station, convenience-store and in-store restaurant.

This will be Durham’s second Sheetz behind the first location that opened in 2007 at the corner of South Miami Boulevard and T.W. Alexander Drive. Targeted to open in the spring of next year, the new Hillsborough Road store and restaurant is part of an expansion by the Pennsylvania-based company in North Carolina.

Jun. 02, 2014 @ 02:22 PM

Quintiles makes Fortune 500 list

Durham-based Quintiles has been named to the Fortune 500 list of the largest U.S. companies by revenue.
The biopharmaceutical services company was No. 486 on the list. The company, whose major business is the contract management of clinical trials for drug development firms, brought in $5.099 billion in total revenues in 2013.

Jun. 01, 2014 @ 07:49 PM

Average Triangle rent up although supply outpaced demand, report shows

The boom in apartment construction that’s happening in Durham and across the Triangle has outpaced demand and is expected to continue to do so, according to a report from the market research firm Karnes.