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Local Business News
Groundbreaking held for apartment project near Ninth Street
Crescent Resources LLC marked the start of construction on Wednesday of the Circle Ninth Street apartments near Ninth Street.
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Cree involved in energy efficiency renovations
Durham-based Cree Inc., a maker of LED lighting products, announced Monday that it’s participating in a series of energy efficiency renovations in U.S. diplomatic offices or residences in Vienna, Rome, Berlin, Madrid, and Lisbon.
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CAREER BRIEFS, Feb. 20
Alan Hughes promoted at Blue Cross and Blue Shield of North Carolina
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IPOs a topic at CED life science conference
The chief executive at the Morrisville-based private medial device company TearScience said Thursday that he’s looking abroad at markets where he could possibly sell the company’s shares to the public.
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Graphics firm doubles staff with acquisition
Durham-based SMT, a company that provides graphics for televised sports and entertainment events, has acquired a Florida-based sports event scoring, statistics and display business.
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BASF to invest in RTP facilities
The German chemical company BASF announced on Wednesday plans to invest $33 million in an expansion in the Research Triangle Park.
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AT&T announces another 4G expansion
AT&T announced Wednesday that it has expanded its 4G LTE, or fourth generation, network to Durham.
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United Therapeutics 2011 earnings up 105%
Maryland-based United Therapeutics Corp. reported Tuesday that its 2011 earnings more than doubled compared with the prior year.
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Love in bloom
Valentine’s Day orders at local flower shops up over last year
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Research nonprofit’s RTP home sold, leased back
The building in the Research Triangle Park that’s home base for the nonprofit research organization The Hamner Institutes for Health Sciences was sold along with nearby land for about $20 million to a real estate developer that specializes in life science properties.
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Business briefs: Infosys founder to keynote Duke business forum
Narayana Murthy, chairman of the information technology company Infosys, is slated to be the keynote speaker at the Duke India Business Forum.
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Tech incubator shifts focus
Originally pitched as a new program to help finance start-up technology companies and speed their development, Groundwork Labs is now shifting its focus, and will take more of a mentorship role in the lives of young entrepreneurs.
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Durham biopharma company acquired in stock deal
A Maryland-based company has acquired Aldagen Inc., a Durham-based biopharmaceutical company working on cell and tissue regeneration therapies, in exchange for stock valued at $16 million.
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Company claims diagnostic test will save dairy farmers money
A Durham-based company is looking to launch a diagnostic test later this year that company officials say will help milk producers save money by allowing them to catch a bacterial infection in dairy cows quickly.
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Blue Cross and Blue Shield of NC delivers next phase of ad c...
Chapel Hill-based Blue Cross and Blue Shield of North Carolina is launching the next phase of its “Let’s Talk Cost” advertising campaign.
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Generation Z part of ‘emerging issues’
The impact of the web-savvy Generation Z on the state’s economy and work force was the focus of the first of a two-day forum that drew business, education and government leaders to Raleigh on Monday. The Institute for Emerging Issues, a public policy group housed at N.C. State University, hosted the forum that continues today at the Raleigh Conv...
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Cempra to use $48 million in IPO proceeds to fund drug studies
Cempra Inc. officials plan to use $48 million raised in a recently completed initial public offering to carry several antibiotics that the company is developing in into the next phase of clinical trials.
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Taylor Mingos, founder and CEO of Shoeboxed, Inc.
Shoeboxed scores scanning partnership with HP
Durham-based Shoeboxed Inc. is working to make it easier for customers to move information from the paper to the digital realm.
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RTP Foundation honors emeritus board members
Two emeritus members of the Research Triangle Foundation of North Carolina Board of Directors received the Archie K. Davis Award recently, according to an announcement by the foundation.
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Greenfire announces downtown construction plans
Greenfire Development, a real estate development company that hit some turbulence last year following the partial collapse of the roof of one of its properties, announced Wednesday that it has new plans for construction downtown.
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