Business: Local and State

Jun. 20, 2014 @ 06:23 PM

Business briefs, June 21

Blue Cross of NC launches private exchange for employers

Jun. 19, 2014 @ 05:43 PM

N.C. Mutual sees improved first-quarter financial results

N.C. Mutual Life Insurance Co., the Durham-based insurance company that was a prominent institution on the city’s historic Black Wall Street, reported a net loss of $7,446 in the first quarter of this year.

Jun. 19, 2014 @ 05:38 PM

Business briefs, June 20

Quintiles, partner launch software to help market to docs


Jun. 19, 2014 @ 01:34 PM

Durham’s average wage growth 14th fastest in U.S.

Durham County’s average weekly wage grew the fastest of any of the nine largest counties in North Carolina in the fourth quarter of 2013. And among the largest counties across the United States, Durham ranked No. 14 for its rate of wage growth.

Jun. 18, 2014 @ 06:00 PM

Work for second phase of Ninth Street North underway

Work has begun on a new Ninth Street apartment complex that will transform a block of the street north of Elmo’s Diner.

Jun. 17, 2014 @ 05:25 PM

Business briefs, June 18

  • State awarded $21.5 million in SunTrust settlement
  • StrikeIron acquired by California-based Informatica

Jun. 16, 2014 @ 07:14 PM

Durham County home sales up 6.4 percent in May

Durham County saw a 6.4 percent increase in home sales in May, continuing the streak of year-over-year home sales increases that the county has seen each month since March of last year.

Jun. 16, 2014 @ 06:56 PM

Imperial Center buildings sell for $44.25 million

Five buildings in Durham’s Imperial Center Business Park sold recently for $44.25 million.

Crown Realty & Development sold the five buildings, which have 705,365 square feet of space, to Liberty Property Trust as an investment.

Jun. 16, 2014 @ 06:54 PM

Holly Springs plant licensed for cell-culture flu vaccines

The U.S. Food and Drug Administration has licensed Novartis’ Holly Springs vaccine production plant to make cell-culture influenza vaccines, the company announced Monday.

Jun. 15, 2014 @ 06:25 PM

CellBreaker seeks to help customers end cellphone service contracts

Durham-based CellBreaker is looking to launch software this fall to help customers get out of their cellphone service contracts automatically if they’ve been breached by the carrier.

“I’m basically just very passionate about pushing back against unfairness,” said Jon Colgan, the company’s CEO and founder, who launched the start-up in May of last year after graduating from the University of North Carolina at Chapel Hill.
The start-up went live with a mostly manual agreement-breaking service in January, but is looking to launch software that would automate that process as early as September. 

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