Latest Raleigh News
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Elster metering division names new president
Mark Fronmuller as its president, the company said Tuesday. Fronmuller joins Elster from SAIC Energy, where he was its senior vice president for global utilities. Raleigh-based Elster Solutions is the utility meter division of Elster Group SE, which is headquartered in Germany's Ruhr Valley. That company is in turn owned by the investment firm Melrose PLC (LSE: MRO). Elster Solutions has ...
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Pre-spinoff Mallinckrodt trims workforce by 100
Mallinckrodt, the St. Louis-based pharmaceutical firm with two production plants in north Raleigh, has started cleaning house for its anticipated spinoff from its parent company Covidien on June 28. Mallinckrodt has confirmed that it eliminated nearly 100 job positions last week, but it was unclear whether any employees from the company's two production plants in Raleigh were impacted. ...
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City of Raleigh debuts maps app
The City of Raleigh has released a mobile version of the iMAPS mapping application found on the city's website, allowing users to access building photographs, deed information and civil service data over cell phones and other devices. Currently mobile users account for 23 percent of visitors to the city's website, up 10 percent from the prior year. Some 53 percent of the time, city ...
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UNC-fueled Epizyme sets $60M IPO terms prices shares at $13 to $15
A Massachusetts company armed with UNC-developed technology has announced terms for an initial public offering. Epizyme Inc., which develops enzyme-based treatments for genetic cancers, plans to raise $60 million by offering 4.3 million shares at a price range of $13 to $15. In ...
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Duke Energy NRC probe missed crack at nuke plant
Ernie Kapopoulos, site vice president for the Shearon Harris nuclear plant, prepares for Monday's public meeting about the plant. Seated to his left are Plant Manager John Duffner and Regis Repko, senior vice president for the Harris and Brunswick nuclear ...
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Section of Swift Drive To Remain Closed Until June 17 for Drainage Improvement Project
. Swift Drive is currently closed between its intersections with Bryn Mawr through Merwin Road. Additional time is needed to complete the improvements being made to the Swift Drive culvert. Swift Drive will remain closed through Monday, June 17, 2013. Questions regarding the project should be directed to the Stormwater Utility Division, ...
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Two Cary complexes sell for $56M
Two expansive apartment communities in Cary have been sold for a second time in three years, this time with a combined price tag of almost $56 million. Tampa, Fla.-based Elco Landmark Residential has acquired the neighboring Hidden Oaks and Woodbridge apartment communities, located at the intersection of Northeast Maynard Road and Gregory Drive in Cary, that together have 788 apartment units ...
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Duke UNC business schools crack Top 100 in bang for the buck report
According to the Financial Times Global MBA 2013 rankings, the UNC-CH Kenan-Flagler School of Business and Duke Fuqua School of Business have an overall ranking of 45th and 18th, respectively, but both rank lower in terms of value. The value ranking was calculated by comparing salary earned by alumni today with course length, fees and other costs, including the opportunity cost of not working ...
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Gov. McCrorys plea Keep the 12 special superior court judges
Pat McCrory urged North Carolina senators to keep 12 special Superior Court judgeships that would be eliminated in the $20.6 billion budget they passed Sunday night. The 12 judges hear cases anywhere in the state, filling in as needed for any of the 97 Superior Court judges who may be out sick in any given week. The governor appoints the 12 special Superior Court judges to five-year terms, ...
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Wakes Cooke County budget calls for $44M increase in spending
Wake County Manager David Cooke is asking for a $44 million expense spike on the county budget, most of it for education, public safety and bond ...
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Can Dara Biosciences bust out of this slump
DARA Biosciences (Nasdaq: DARA) execs say the Raleigh company is about to bust out of its slump -- and that all it needs is time. Nasdaq, however, is only giving the pharma six months. The pharma, which recently switched its focus to in-licensing oncology support products, has been issued a warning by Nasdaq that it could be delisted. To avoid that fate, the company has a six months to close ...
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Chapel Hills LaUNCh finishes month with 17 startups
LaUNCh Chapel Hill, Chapel Hill's first real foray into the accelerator space, is about to complete its first official month. With 17 tenants, startups that moved in this past February, ...
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N.C. NAACP legislative protest arrests hit 153 ... and counting
NAACP is staging weekly protests at the state legislature, something the group is calling "Moral Mondays" during which the activists voice their displeasure with policies on social programs, voting rights, education and tax reform. On Monday night, 57 activists were arrested, bringing the total to 153 over the last four weeks. The number of arrests has grown every ...
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AG Roy Cooper Dont move the SBI
Roy Cooper , a Democrat, is opposing a proposal by Republican leaders in the state unit to move the State Bureau of Investigation from the agency he heads, the Department of Jusice, to the Department of Public Safety. Cooper is elected, while the head of the Department of Public Safety is appointed by the sitting ...
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Senate budget cuts UNC System by $50M
The state budget being put forth by Republican leaders in the state Senate would allocate $2.61 billion in fiscal 2013-2014, which represents a cut of $50 million. The overall $20.6 billion Senate recommendation actually is 2.3 percent more than the previous budget because it includes money to pay for an overhaul of the state's tax system and for anticipated Medicaid ...
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Holiday gas prices lower than in 2012
The average price of a gallon of gasoline in North Carolina is $3.41, which is 14 cents less than at this time last year, reports gasbuddy.com That portends lower prices for Memorial Day travel this year than in 2012. The national average now is ...
Raleigh Feature
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Raleigh high speed rail causing concern
The South East High Speed Rail Corridor is envisioned to provide better mass transit transport options between the major cities of the South East in the US. Raleigh as a state capital is an important part of the project, but some residents have voiced concerns about the railways routing in the city.
The Southeast High Speed Rail Corridor is a massive infrastructure project identified by the federal government as necessary to facilitate the long-term needs of transport in the southeast of the United States, but many in Raleigh are concerned about the part Raleigh will play in the government’s plans and how the city will be effected. Read more
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