Information technology job openings in North Carolina were down 28 percent to a total of 3,960 in April compared to the same month last year. They nearly held steady with March, with a 0.8 percent gain.
A groundbreaking ceremony will be Wednesday for the $46.1 million collegiate apartment complex now known as 605 West at 605 W. Chapel Hill St. in Durham.
Building permits filed in the city and county of Durham in the 10-month period through April were up 40 percent year-over-year, according to Durham City-County Building and Inspections data.
Durham-based Quintiles Transnational Holdings Inc.’s stock was trading up about 5 percent at the market’s close on Thursday in the first day of trading on the New York Stock Exchange for the biopharmaceutical services company.
Durham-based Quintiles announced that it will offer its common stock for purchase by the public at a price of $40 on Thursday, when its stock starts trading on the New York Stock Exchange.
The company’s major business is in the management of clinical trials and associated laboratory and analysis work for pharmaceutical companies. It also provides contract drug sales, among other services.
Chapel Hill-based Pozen reported a narrower net loss of $5.8 million in the first quarter compared to the same quarter last year.
BioCryst Pharmaceuticals reported a narrower net loss of $4.5 million in the first quarter compared with the same quarter last year.
A report released by an analyst who follows Durham-based Quintiles for the investment research firm Morningstar said the firm believes the company’s stock is worth $46 per share, above the company’s proposed offering range.
Quintiles, a biopharmaceutical services company that manages clinical trials and offers other services for pharmaceutical development companies, said in a U.S. Securities and Exchange Commission filing in April that it expects its initial offering price to be between $36 and $40 per share.
Nine State Farm agency field offices in the state closed at the end of April, resulting in the loss of 17 jobs.
North Carolina drivers are expected to pay lower annual driving costs this year due to falling gas prices, lower insurance costs and improved fuel economy, according to AAA Carolinas.
There are plans to redevelop the site of the existing Honey’s Restaurant at 2700 Guess Road into a McDonald’s restaurant, convenience store and gas station.
Farmhand Foods, a Durham-based distributor of pasture-raised meat products from North Carolina farms, will change its name Wednesday to end a trademark dispute involving a Smithfield Foods Inc. pork products subsidiary.
Freelon Group announces award
Durham-based Quintiles, a company that manages clinical trials for drug development companies among other services, could raise as much as $907.8 million in its initial public offering.