Business: Local and State

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.

Jun. 01, 2014 @ 07:44 PM

Downtown, Ninth Street attracting apartment builders

Although at least four other apartment complexes are under construction now in north Durham, a development official behind the new Crescent Ninth Street complex has high expectations for the project.

The complex is targeted to open in June, more than two years after the project’s initial groundbreaking. Ben Collins, vice president of the multifamily group for the Charlotte-based project developer Crescent Communities, said the construction timeline was affected by “tremendous shortage” in apartment construction labor.

Jun. 01, 2014 @ 06:20 PM

Career briefs, June 2

  • Argos Therapeutics receives award
  • Anita Brown-Graham to Blue Cross board
  • Spring Arbor of Durham names new executive director
  • New Duke Raleigh Hospital president named

May. 30, 2014 @ 07:02 PM

NetApp opens new Research Triangle Park lab, marks 15 years in park

NetApp Inc. opened the doors Thursday to a new, 155,000-square-foot research and development lab in the Research Triangle Park where employees can test new computer software and hardware.

The California-based data storage company marked the opening of the new lab at a grand opening celebration Friday. In addition to showcasing the new lab, the company also marked 15 years of operations in Research Triangle Park.

May. 29, 2014 @ 10:35 PM

Laettner attorney in court to collect West Village-related debt

An attorney for Christian Laettner was in court in Durham on Thursday to try to win a court order to help collect money the former Duke University basketball star lent to the West Village redevelopment.