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Caterpillar plants in Sanford, Clayton face cutbacks
Confirm confirms it plans ‘non-production days’ and will ‘manage’ its workforce numbers. However, heavy equipment manufacturer won’t specify numbers of employees involved.
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A computer modeled after human brain? Yes, says IBM
Big Blue-led research team aims to replicate the brain with cognitive computing project. Pentagon research arm DARPA is funding project.
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Despite rumors, Novartis affirms commitment to Holly Springs plant
The pharmaceutical giant and town officials discussed – and dismissed – a rumor that plant construction would stop. The facility is set to open in 2009 and to employ as many as 450 people.
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What do entrepreneurs do now?
Angel Connection: Entrepreneurs might ask if this is the right time to start a company. If asked, I would say yes. Think about it. All of these demands for more scrutiny on the entrepreneur’s business are things that they should be concerned about anyway. The economic mess we are in is simply forcing us to be more disciplined and focused.
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Internet Summit consensus: SaaS is hot!
Innovation Exchange: Better days for business seem to be in future for those who provide software-as-a-service.
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$1.2B in investments help N.C. life sciences industry top 53,000 jobs, report finds
Battelle study says N.C. led U.S. in biotech sector job growth from 2001-2006. Currently, state has 53,200 life science jobs paying average wage of $69,275.
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U.S. days as global economic hegemon are ending, Lenovo CEO warns
In 'Global 2.0,' William Amelio says, 'It's time to change the global map.' U.S. and West no longer dominate innovation. And by 2020, China may top U.S. in GDP.
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Semiconductor chip sales to decline in 2009, chip trade group says
If prediction comes true, drop would be first since 2001, says Semiconductor Industry Association.
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Quit building mansions and focus on execution, Lulu’s Bob Young says
At inaugural Internet Summit, Red Hat co-founder and many other execs say recession still offers opportunity for growth for entrepreneurs and tech startups.
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Charlotte-based consulting firm hires Wachovia recruiting exec
NouvEON picks Theresa Ulyatt, who led IT and HR recruiting at bank, to lead its people care practice.
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Neighbors Quintiles, SAS team up for new training program
Triangle-based firms are developing certification program geared to pharmaceutical industry for study of clinical research trial data.
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Interact911 closes on $28M in new financing
Winston-Salem-based startup lands additional backing from Triad investor SilkRoad Equity plus two new investors. Interact911 plans to step up expansion plans, create new products.
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Drug giant Wyeth cuts 10% of Sanford plant work force
The facility makes vaccines. The company had warned earlier this summer that layoffs were likely. It says the plant is important, but it won't rule out future reductions.
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Update 4: Blogging live from ‘Internet Summit’ – A warning from a VC, and marketing in Web 2.0 world …
Free-lance writer Noah Garrett is covering today’s Internet Summit in Chapel Hill for Local Tech Wire. His latest report: VC Kip Frey’s warning plus marketing in a connected world. Earlier reports: SaaS is hot …
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Despite tough times, Internet tech and entrepreneurship are still climbing toward a summit
Better days are ahead. That means more, improved technology and profits for the entrepreneurs and inventors who have the guts to keep trying – perhaps even failing.
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The genomic frontier: Personalized medicine in action
The day we begin aggregating and analyzing data across large numbers of genomes in earnest is the day we will be able to expose the genetic underpinnings of humanity’s most complex diseases.
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Startups: Finding the upside of a global downturn
Analysis: Veteran exec Vivek Wadhwa's advice for tech entrepreneurs thinking of launching right now? Don't wait. A recession can be your ally in building a lean, thriving company.
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Mark Cuban versus SEC: Insider trading or insider politics?
In a memo posted online, Cuban asks why the SEC stopped a long-running investigation into other Mamma.com securities violations to start interviewing executives about Cuban’s own actions.
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Cell phones and e-mail: Are you compromising your confidential information?
TechLaw: The advent of new technologies such as PDAs and other wireless handheld devices has made communication more convenient than ever. As useful as these technologies are, it is important to recognize that they could have dramatic implications relating to the confidentiality of information.
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Motricity files suit against exec who was key in its InfoSpace acquisition
Now based near Seattle, the provider of mobile information services says Steve Elfman was "duplicitous." He now works at Sprint.
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‘Underwater’ stock options and ‘repricing’– The next dilemmas
The Angel Connection: With public and private companies facing downward prices on stock and valuations, what’s a board to do? Keep employees happy by ‘repricing’ options, thus angering existing shareholders? Or let unhappy execs, workers bolt?
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Innovation, science are keys to economic recovery, UNC-CH chancellor says
In his first visit to N.C. Research Campus in Kannapolis, Holden Thorp praises state's new center for biotech research, discovery.
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What recession? Videogame sales surge 18% in October
Hardware, software, accessory sales also increase worldwide. Data tracking firm expects 2008 to be a record year.
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Looking for more meaningful search? Dive deep at DeepDyve
Formerly called Infovell, DeepDyne is designed to deliver detailed responses. It also indexes phrases up to 20 words in length.
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Mavericks owner Mark Cuban faces insider trading charges
Mark Cuban, owner of the NBA Dallas Mavericks, has been charged with insider trading by the Securities and Exchange Commission.
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Brace yourself, entrepreneurs and techies – Another nuclear winter is upon us
Tech, telecom sectors are getting hammered - and life science firms face credit crunch, too. But rather than instigators as in dot com and telecom busts, they are caught up in malestrom of Wall Street crisis.
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Red Hat's Szulik is E&Y's Entrepreneur of Year
Chairman and former CEO of the world's top Linux software developer and services provider was recognized for turning the Red Hat concept into a profitable business.
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N.C. Research Campus study to research causes, treatments for obesity
Duke University makes weight a major factor in study funded by billionaire David Murdock.
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Crowdsourcing - One way to reach holy land of innovation
Innovation Exchange: ‘Crowdsourcing’ is just one way more organizations are now managing diversified portfolios of innovation sources that include not only in-house engineers and product managers but also external customers, suppliers, partners and investors.
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Can new leaders lead to a new economy?
Are there any quick silver bullets to make things better, or do economic questions have, at best, only long-run answers? The challenges are many – and huge.
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Raising capital – Don’t believe everything you read
Angel Connection: It’s credit crunch time. If reports have not factored in what is now happening, you are in danger of having a very incorrect picture of your chances of getting angel or venture capital financing.
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RTP startup Integrian is considering buyout opportunities
CEO of high-tech video surveillance firm says ‘lot of people’ looking to buy the business. Credit Suisse, Motorola, three VC firms – including two in Triangle – have poured $65M into Integrian.
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Former NCTA president signs on with defense contractor
Joan Myers, who led NCTA for nine years, is leaving the N.C. Defense and Security Technology Accelerator to work in business development for Applied Research Associates.
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High-profile RTP tech firm Hatteras Networks lays off 2 VPs, about a quarter of staff
CEO says the global provider of high-speed communications gear is taken ‘proactive’ steps to deal with a forthcoming global financial ‘hurricane.’
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High-profile RTP tech firm Hatteras Networks lays off 2 VPs, nearly third of staff
CEO says the global provider of high-speed communications gear is taken ‘proactive’ steps to deal with a forthcoming global financial ‘hurricane.’
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From exec suite to front lines, young to seasoned, Big Blue casts a wide net for layoffs
Some of those 'selected to participate' in cutbacks will be training their replacements – overseas.
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At N.C. Research Campus, blending good health and tasty food
Science, cooking and football came together Thursday night at the N.C. Research Campus in a culinary demonstration that was informative and entertaining – not to mention delicious.
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UNC-Charlotte’s information leader, SciQuest CEO receive top honors from NCTA
Annual ’21 Awards’ for outstanding achievement and top tech executive go to Mirsad Hadzikadic and Stephen Wiehe, respectively. Numerous other firms, individuals also receive honors.
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IBM slashes 215 senior positions, including six VPs; 38 jobs cut in RTP
Systems and Technology Group reductions include numerous jobs being "off-shored." IBM confirms some positions are going overseas as part of "rebalancing of skills." Union blasts layoffs as "disgusting."
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Digitalsmiths closes on $12M in new financing
Durham-based startup, which is focused on video indexing and analytics, lands new investor for second round investment.
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Belk picks Hosted Solutions for variety of Web services
Triangle-based company will provide variety of managed services for department store chain’s new Web site.
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N.C. Research Campus’ Core Lab tests cooperation early – with 13 interim directors
Scientists from rival universities will put billionaire David Murdock's vision of collaboration to the test as they open the Core Laboratory at the N.C. Research Campus.
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Fidelity Investments begins cuts at 2,500-strong RTP campus
Layoffs will ‘modestly impact’ workforce number, company spokesperson says. Another round of layoffs is expected early next year.
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Robotic-assisted surgery receives high marks in UNC study
In review of two groups where women received robotic-assisted treatment, doctors reported techniques are ‘feasible and safe.’ Device also led to less blood loss, shorter hospital stays, higher number of lymph nodes, study says.
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Thumb exercise? Texting could help prevent obesity through self-monitoring, UNC study says
'Cell phone text messaging is something that’s very familiar to most children now, since they’ve grown up with it,' researcher says. 'By using this technology, we were hoping to make self-monitoring seem more like fun to them and less like work.'
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'Gears of War 2' sells 2M copies in first weekend, sets record for online play
"Gears" sequel is No. 3 all-time for first week sales, Chart Track reports.
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California studio to launch games based on Robert Jordan empire
Works in ‘Wheel of Time’ series by ate author, who lived in Charleston, S.C. will be turned into videogames and films by Red Eagle Entertainment. Two former IBM execs lead California-based entertainment company.
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2009 tech spending growth to slow, research firm says
Worldwide technology spending will slow significantly in 2009 because of the financial turmoil that has rattled global markets since September, research firm IDC said Wednesday.
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A salute to Claude McKinney, creative force behind NCSU’s ‘technopolis’
Longtime leader in building, growth of Centennial Campus and RTP dies at age 79. He leaves quite a legacy.
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Do you extend credit to customers or check credit reports? Mandatory compliance with FTC identity theft red flag and address discrepancy rules is required.
TechLaw: Does your business extend credit to customers or regularly use credit reports? If so, you need to put policies and procedures in place to comply with the recently enacted Red Flag and Address Discrepancy Rules of the Federal Trade Commission.
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Claude McKinney, NCSU Centennial Campus creator, dies
Claude E. McKinney, who created the master plan for North Carolina State University's Centennial Campus, died Tuesday. He was 79.
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IBM director of research remains bullish about opportunities
Now is the time for entrepreneurs and executives to invest, John Kelly tells CED crowd. IBM certainly will be, he adds. ‘Invest now, this too will pass,’ exec says of current tough climate.
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$4 million charge helps drive up losses at etrials
Losses increased in the third quarter at eTrials Worldwide even as a new interim chief executive officer strove to rein in costs at the provider of so-called “eClinical” trial services.
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India-based life-sciences firm launches operations in U.S. with RTP office
Advinus Therapeutics{{/a}} is launching operations in the U.S., with an office in RTP that a former Tranzyme Pharma executive has been hired to manage.
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Report: GSK to be world's largest pharmaceutical firm by 2012
A British research firm predicts GSK will surpass Pfizer for the top spot, while Roche will be second, Pfizer third.
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As Nortel nears financial shoals, execs tossed overboard might be the survivors
After latest earnings debacle, an analyst says: "I would like to refill my Prozac prescription."
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Nortel's restructurinng: 4 execs out; 1,300 jobs cut; salaries frozenn
Telecommunications giant, which employs 2,000 people in RTP, is slashing expenditures in attempt to preserve cash. Some layoffs will take place in Triangle. Four top execs also leaving company. Some 200 jobs to move to lower-cost locations. Revenue drops 14 percent for quarter.
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GSK withdraws new drug application for restless legs syndrome treatment
GlaxoSmithKline and development partner XenoPort have withdrawn their new-drug application for a treatment to combat restless legs syndrome.
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Colorectal cancer treatment costs vary widely, Duke researchers find
New treatments push up costs by nearly $37,000, study shows. Those differences raise questions about ‘what kind of care patients are receiving and whether this economic burden is matched by significant clinical advancements,’ says lead scientist.
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The T-Mobile G1 keyboard: A lesson in failed ergonomics
Product review: Sure, I could re-teach myself to hit the space bar and some of the other keys closer to the center-left with my left hand, but why should I? I have absolutely no problem with it on the iPhone’s keyboard.
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A ‘Wiimote’ device coming for Apple? Could be
Recent patent filings show Apple may be developing a Wii-like device for use with Apple TV.
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Vicious Cycle Software partners with Sony to sell Vicious Engine
Morrisville-based firm, Sony target game developers in India as part of strategy to boost game sales. Deal is first for Vicious with major game developer.
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Lucasfilm president joins Red Hat board of directors
Micheline Chau, president and chief operating officer of Lucasfilm Ltd., is joining the board of directors at Red Hat.
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Mike Z’s Nortel rescue plan – Shuffling deckchairs on the Titanic?
Did a reorganization plan accompanied by some job trims and the booting of some top executives save the S.S. Nortel, or did management just reshuffle deckchairs on what many analysts are growing to believe is a business headed for a sinking?
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An agenda for the Obama and Bush meeting
As president-elect huddles with president today, Competitive Enterprise Institute has some suggestions for topics to discuss – with an emphasis on freedom, not more central planning.
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Nortel to cut 1,300 jobs, including some in RTP, freeze salaries, boot 4 top execs
Telecommunications giant, which employs 2,000 people in RTP, is slashing expenditures in attempt to preserve cash. Some layoffs will take place in Triangle. Four top execs also leaving company. Some 200 jobs to move to lower-cost locations. Revenue drops 14 percent for quarter.
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Web 2.0 investments dive in Q3 but cleantech surges
Is love affair with Web 2.0 ending and a new one beginning with environmentally friendly technology? Could be, with solar deals especially hot.
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Judge orders former IBM exec to ‘cease work’ immediately with Apple
Mark Papermaster quit Big Blue post to go to work for Steve Jobs, but IBM sued to block the move.
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Cash panic sweeping VC industry: The ‘capital calls’ problem
Increasingly, some large institutional investors are having trouble meeting their commitments to VC firms. That means less cash for VCs to put into their portfolio firms.
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Raising money? Warning: Private equity is getting tighter
Angel Connection: News is not good for entrepreneurs, especially those who have companies that are strained for cash and in need of additional financing now.
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Another honor for Geomagic’s Ping Fu – What a success story she is
Co-founder and CEO of 3D software firm receives award from a Chinese women’s business group. She's won many others, including Inc. Magazine's top award in 2005.
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‘Bilski’ decision and software patents – Good news for free, open source software community
Court declines to settle the issue of when, if ever, software based inventions should be patentable. Even so, the new test in the Bilski case will probably limit the patentability of software. The war is not over, but the odds of success are better.
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Game changer – ‘Gears 2’ symbolizes how videogames are altering pop culture
Immersion and ownership help gaming reshape the entertainment landscape. Devotees are more than fans. They are participants. Their experience is not controlled by a core group of elite creators.
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SciFi special focuses on Gears 2, Epic Games
‘Submergence Day’ events at various locations help launch sequel to original gears, which has sold more than 5 million copies.
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Despite economic woes, top analyst sees some bright spots for tech economy
'Having lived through a downturn before, companies that add value will survive,' Morgan Stanley's Mary Meeker says at Web 2.0 Conference.
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AT&T acquires WiFi provider Wayport for $275M — Now has 80,000 hot spots
Wayport hot spots also included Wyndham, Marriott Vacation Club and Four Seasons hotels; HealthSouth and Sun Healthcare locations.
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A smash hit: 'Gears of War 2' delivers on Epic's promise
Review: Epic Games' sequel, which goes on sale at midnight, offers a frenetic mix of campaign modes and expanded characters and story lines. The bottom line: Action is non-stop as mankind battles for survival against the Locust Horde.
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Nortel could slash up to 5,000 workers; has the deathwatch begun?
Struggling networking gear-maker is looking for ways to survive but remains in the ‘wilderness,’ analyst says. He predicts major job cuts.
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Duke researchers target lipid molecules associated with heart disease, other ailments
National Institutes of Health to help fund five-year effort to create lipid catalog and to discover new ones.
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Microsoft looks to spark startups to use its products with a no costs upfront offer
BizSpark package includes software, support and promotion. To qualify, businesses must be less than three years old and generate under $1 million in revenue.
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GlaxoSmithKline designates RTP as its sole U.S. headquarters
Decision could mean good news in future for Triangle. GSK has operated dual HQs in RTP and Philadelphia. Drug giant is also trimming 1,000 sales jobs.
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A pigskin perspective on intellectual property and the economy
TechLaw: Like a football team in a rebuilding year, what a company does in down economic times to protect its intellectual property rights can create competitive advantages for years to come.
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FCC decision on TV spectrum use could mean dawn of a new Net
Use of so-called ‘white spaces’ creates opportunities for entrepreneurs to build new devices, new networks. Is this Internet déjà vu?
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Due diligence, recession style – It will be tougher
Analysis: As economic woes deepen, forecasts of increased emphasis on due diligence are probably accurate. Historically, investors and beneficiaries have tended to clamp down when the economy has soured.
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CED opens application process for its annual venture conference
Companies from across southeast can participate. Event is set for April 22-23 next year.
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‘In re Bilski’ case: Back to the future for ‘process patents’
Federal court decision breathes new life into the Supreme Court's tests of the early 1970s and 1980s addressing what constitutes patent eligible subject matter.
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Chips losing luster? Venture investments drop two consecutive quarters
Weak economy and the increased cost and time required to go public as reasons for the weakness in the semiconductor sector, says Global Semiconductor Alliance.
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Why is Apple courting IBM exec? Well, a possible Jobs successor is leaving
Big Blue is suing to stop Mark Papermaster from joining Steve Jobs. Departure of the exec who created the iPod helps explain why Apple wants IBM's Blade server leader.
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Researchers in Murdock-funded study find potential markers for hepatitis C treatment
UniversityTech: Duke Clinical Research Institute researchers discover proteins that could help identify who will benefit from standard treatment. Findings are first from grant given to Duke by billionaire David Murdock.
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Salix wins FDA approval to sell ulcerative colitis drug
Salix Therapeutics has received Food and Drug Administration permission to begin marketing an ulcerative colitis drug called Apriso.
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Cornerstone BioPharma completes merger, takes new name
Cornerstone BioPharma has a new name – Cornerstone Therapeutics – following the completion of its merger with Critical Therapeutics.
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N.C. keeps 'Top Business Climate' ranking for fourth year
In an annual survey from Site Selection magazine, the Tar Heel state is cited for use of incentives, tax policy, work force and economic development to win new or expanded business. Georgia finishes 10th, S.C. 14th.
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Verizon makes some layoffs in Triangle-based business units
Verizon Business in Cary makes ‘very small number’ of cuts and could add jobs, company says. Some workers also are affected in Verizon Telecom, which offers services in Durham. Meanwhile, impact of Alltel merger on RTP operations is not yet known, spokesperson says.
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Global 'Midnight Mayhem' to Launch Epic's 'Gears of War 2'
More than 20,000 sales kickoff events are set for Friday at 12:01 a.m., including one near Epic's HQ in Cary.
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Don’t let tough times get you down – Tech companies can still accelerate sales
How, you ask? By improving your lead quality. Most marketing campaigns are still being evaluated based on the quantity of leads produced or cost-per-lead, but not on actual lead quality.
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Gaming for a Cure for Cancer
'Play for a Purpose' is one videogame firm's attempt to battle deadly disease by raising donations.
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Technology and the next president – Where do candidates stand? (Part II)
Innovation Exchange: Among many challenges facing the new president will be numerous technology specific issues. What are John McCain and Barrack Obama saying? Here’s part two of our breakdown.
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Will ‘social capital’ be the next big industry to emerge?
Whatever the name, such as social entrepreneurism or ‘double-triple bottom line,’ making money from doing good appears to be generating growing appeal.
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Advocacy group urges state to be innovative, build green work force
In nine-point plan, group says North Carolina leaders need not ‘forgo innovative policy ideas’ despite tough economy. It also wants to ‘integrate’ economic development, workforce development.
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rPath co-founder Billy Marshall steps aside as CEO, takes on chief strategist role
Board member and veteran tech exec Andrew Nash takes over on interim basis at tech startup focused on virtualization, cloud computing.
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Lenovo, AT&T, Ericsson team up to discount Lenovo laptops for 3G access
Similar to AT&T’s iPhone deal, laptop buyers get $150 in savings on certain ThinkPads for two-year wireless contract.
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IBM 'Blade' exec wants to join Apple – but Big Blue sues to block move
Mark Papermaster, one of IBM's top executives in its big "Blade" server business, wants to join Apple.
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Technology and the next president – Where do candidates stand?
Innovation Exchange: Among many challenges facing the new president will be numerous technology specific issues. What are John McCain and Barrack Obama saying?
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Angel investors want to see decisive action from CEOs
Angel Connection: In these tough times, CEOs at startups need to assess revenue forecasts, tighten belts on costs, conserve cash – and more.
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Hatteras Venture Partners leads $5.2M round in Tennessee medical device firm
Hatteras member Bob Morff takes over as interim CEO at Pathfinder Therapeutics. Startup has FDA-approved device to assist in liver surgery.
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Beefing up hepatitis efforts, GSK to acquire California firm for $57M
GlaxoSmithKline will acquire California-based Genelabs Technologies in a deal worth $57 million.
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Goodnight's stock lament – a 40% hit. However, he says now is time to buy.
One of world's wealthiest men describes his own market damage during what he labels Street "panic."
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Navigating way to savings: Businesses use GPS devices to cut costs
Triangle firms team up with Virginia company to track vehicles for greater efficiency through global positioning system technology.
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Duke uses rare procedure to battle bone cancer
Rashale Arana, of Silkgrass, Belize, is in Charlotte receiving chemotherapy and physical therapy. The Kiwanis Club of Charlotte is paying for her expenses.
