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RIP, good times – Venture giant Sequoia warns execs on how to survive coming recession
World faces a crisis that's not 'normal,' leaders are told. Fallout will be widespread, and recovery will take time.
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Who needs ‘crowdsourcing'? Innovation needs experts
Many executives are rethinking next steps and cutting costs anywhere and everywhere they can. Many are turning to ‘crowdsourcing’ as a way to find inexpensive labor from the masses to create content and solve problems. Big mistake.
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Apple to unveil new products (notebooks?) on October 14
Invitation simply says: 'The spotlight turns to notebooks.'
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UNC Chapel Hill, Emory receive CDC funding to launch public health preparedness centers
Seven centers will focus on emergency response capabilities.
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Duke scientists pursue potential blood test for cardiovascular disease
Partnering with California firm, researchers indentify 14 genes connected with deadly killer. Test could not only identify presence of disease but also severity.
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Apple for everyone’s eye? Mac could be launching $800 laptop
Reports keep circulating Apple will soon unveil new line of notebooks, including a modestly priced one.
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IBM's bolt from the Blue: Profits top Wall Street expectations
By announcing earnings a week early, Big Blue gives a jolt to its own stock and may put some juice into Wall Street.
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Novozymes lands $12.3M Department of Energy biofuels contract
Company to match federal commitment in research to improve enzymes that are used for cellulosic ethanol production.
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Attention, gamers: Attend BlizzCon from the comfort of your home
Pay-per-view event to offer inside look at sold-out gaming convention.
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Startup Aldagen withdraws plans for $80.5M stock offering
Life-sciences startup Aldagen has withdrawn plans for an initial public offering.
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Drug discovery firm Trana to commercialize screening technology targeting staph
Backed by N.C. Biotech Center, Cary-based startup says testing could lead to development of anti-infectives.
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Juvenile Diabetes Association picks PPD for clinical services
Pharmaceutical Product Development has been a longtime supporter of diabetes group.
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$ounds of new music: ReverbNation lands $3M in funding
New investor ETF Venture Funds joins Novak Biddle, Southern Capitol in second round of investment for Durham startup. ReverbNation helps link bands, fans.
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Quick fix to financial crisis? Won’t happen, warns RBC’s top executive
Scott Custer says a "year or two" may be needed to resolve banking woes. He also defends bailout legislation, saying failure to act "would have been almost tragic."
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What downturn? Private equity still going strong
Venture fund raising increases 3%. Overall, fundraising is up $22B over 2007 in fewer funds.
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The company workout plan: Legal considerations when implementing an employee wellness program
TechLaw: Rising health-insurance costs have caused many employers to implement employee wellness programs to encourage healthy lifestyles for employees. The consequences of not complying with regulations surrounding such wellness programs, however, could make employers sick.
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Wake Forest takes ‘lab-on-bead’ approach for drug discovery with Biotech Center backing
Nanotechnology could lead to faster chemical screening process. N.C. Biotech Center is providing funding to help project.
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NCSU takes crabbing to a new locale – farmers’ ponds
UniversityTech: Researchers turning freshwater ponds into blue crab farms.
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DataFlux, parent SAS partner for new data management solution
DataFlux and its parent company, SAS, are teaming up to offer an enterprise data life management product.
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N.C. Biotech Center offers more grant information for researchers
Entrepreneurs and scientists seeking funding support for biotechnology-related projects can access information about grants through an addition to the North Carolina Biotechnology Center’s Web site.
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Golden Pine licenses technology to launch fourth drug startup company
Drug discovery firm Catena Pharmaceuticals to focus on potential anti-cancer compounds. Its technology is licensed from University of Virginia.
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While energy producers plan ever taller towers, Wall Street crumbles
The surge in energy prices over the past couple of years has wrecked our economy. The mortgage mess has only made matters worse.
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Silicon Valley exit feast – Celebrating eBay’s $945M buy of Bill Me Later
Azure Capital Partners’ dinner becomes a rare victory lap for an investment firm in a rapidly souring economy.
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In midst of economic maelstrom, some are seeking, will find next wave
The perennial gale of creative destruction incessantly destroys the old economic structure and incessantly creates a new one.
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Semiconductor startup drops interim name for siXis
Formerly known as Beeco, company backed by Intersouth, RTI International rolls out beta product featuring silicon-to-silicon.
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Biolex Therapeutics closes on $60M in financing
Pittsboro-based life science startup lands new investors as part of colossal Series D round. Biolex withdrew $80M IPO earlier this year.
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New Nintendo DSi Coming Next Year
Nintendo has over 22 million Nintendo DS portables in the U.S. today and the device continues on an unprecedented sales pace. In Japan, literally half of the 46 million people who live in the country on a DS.
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'Extraordinary week' – That's how Wachovia CEO describes tumultuous bailout
In an email to employees, Robert Steel touts benefits of Wells Fargo deal – but hours later, Citi threw a legal wrench into the process. And story is far from over.
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Entrepreneurs caught in a perfect storm of financial incompetence
Analysis: Angel investors and startups will pay big price for Wall Street meltdown. Angels have less to invest. Entrepreneurs will suffer from lack of funding sources.
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N.C. BioNetwork to fund National Center for Biotechnology Workforce
Community College biotech worker training program will provide $200,000 in support to keep Forsyth Tech-based center going. It had lost federal funding.
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Looking to cash in, more people are linking up
Shaky economy is driving more job seekers, hopefuls to LinkedIn.
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Erroneous CNN citizen journalism report sparks Apple selloff
Poster at iReport claimed Steve Jobs suffered a heart attack. Apple stock shares drop 10% but recover after company denies report.
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Wachovia's marriage debacle: Which name will adorn city tower?
Which suitor will win Wachovia's hand - the new one (Wells Fargo) or the spurned one (Citi)?
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Trade deficit costs North Carolina more than 220,000 jobs in ’07, report says
Citing non-oil related figures, Economic Policy Institute says ‘unfair trade practices’ such as currency manipulation led to loss of more than 5.6 million jobs. S.C., Georgia also hard hit.
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Looking for leadership in time of crisis
Innovation Exchange: Upcoming ‘Security, Threats & Risk’ conference will explore variety of threats we face.
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SaaS startup Astadia closes on $7 million in second-round financing
North Atlantic Capital, Kodiak Venture Partners lead round in Atlanta firm.
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Venture stats ‘look grim,’ peHub warns – Dollars, deals down; early-stage deals dip
Plus, in news that should concern startup entrepreneurs, VCs making deals are flocking to existing portfolio firms.
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Council for Entrepreneurial Development backs ‘Internet Summit’
The Council for Entrepreneurial Development is signing on as a co-presenter at Internet Summit 08.
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RTP startup lands $750,000 NIH grant for personalized medicine tools
BioMedomics is developing testing platforms based on biomarkers for use at patient points of care.
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How do you pay online? It’s a matter of trust – and fewer people pick banks
Consumers show more confidence in online payment service providers than banks, Cisco survey reports.
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Wall Street crisis: A ‘gross failure of risk management at many different levels’
Duke faculty members gather to discuss economic turbulence and its many causes.
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SAS going ‘green’ with new building, related projects at headquarters in Cary
Construction begins on new 260,000 square foot office structure that integrates energy-saving technology. Solar farm expected to be finished by year’s end.
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RTI wins contracts worth up to $7.1M for nanotech energy project
Triangle researchers, partners to explore how thermoelectric materials could covert wasted heat to electricity.
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Entegrion wins Navy contract for dried plasma storage, mixing prototype
RTP startup, which is developing variety of blood-related technologies, hopes to begin test of dried plasma product next year.
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Exit ramps are staying closed for emerging companies
Latest statistics show this year’s IPO market weakest since 1977, and M&As are in the gutter.
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ZenBio lands $1.38M grant for diabetes, obesity project
RTP firm wins SBIR grant to commercialize potential cell-based treatment.
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How start-ups can navigate through the falling dominoes of the economic crisis
With economy on life support, credit markets tight and IPO market closed, what are entrepreneurs supposed to do? Quit?
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Wall Street crisis: No easy answers to ‘bailout’ questions
Bottom line: Most economists think a Great Depression type downturn is out of the question. We’re a bigger, stronger, and more resilient economy than seventy years ago. But also, fixing the financial system won’t automatically cause unemployment to drop and incomes to rise. The housing market must first be balanced, and that will still take time – probably at least a year.
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Does venture capital spur innovation?
Some research shows that money follows innovation, not the other way around.
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AT&T opens call center in Goldsboro, targets 400 jobs
AT&T formally opened its $6 million call center in Goldsboro on Tuesday, and company officials disclosed they will hire as many as 400 people to work there.
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GlaxoSmithKline to slice another 850 research and development positions
Some workers in RTP will be affected. GSK employs some 15,000 people internationally who work on drug and product development.
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Don’t let this election season become open season on your workplace
TechLaw: The presidential election and the age, race, and gender characteristics of the candidates have generated significant debate concerning age, racial, and gender issues. While this election is interesting and historically groundbreaking, when this debate spills over into the workplace, employers must react carefully to avoid claims of unlawful harassment by employees.
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Wyeth warns it may cut jobs at Sanford plant this fall
Some 1,200 people work at massive 325,000 square foot vaccine manufacturing facility. Company spokesperson says no final decision has been made about cuts.
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UNC's Kenan-Flagler places fifth in WSJ Executive MBA survey
Duke's Fuqua takes 10th, Emory's Goizueta 11th in first Wall Street Journal report of executive MBA programs.
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From Wall Street to Charlotte’s Tryon Street, a financial tidal wave sweeps away Wachovia
Charlotte leaders plead their case as Citigroup moves to take over Wachovia, a Queen City crown jewel.
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Why is it so hard to stimulate innovation inside big corporations?
Silo mentality certainly plays a role. How to break through? Creating a small, ad hoc team to get initial traction for a new idea is exactly right in our experience.
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Sony Ericsson to lay off 450 people at RTP operation
Mobile device joint venture between Sony, Ericsson is cutting 2,000 jobs across the firm. RTP is the company's North American headquarters.
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Biotech center awards research grants topping $700,000
Wake Forest, East Carolina, A&T, UNC-Wilmington researchers receive grants up to $75,000.
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Wall Street fallout to weigh on venture capital firms’ ability to ‘call down’ funds?
One example: As Washington Mutual and other banks fall, aftermath could rock venture firm FTVentures.
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NCSU, Southern Capitol Ventures team up to showcase local companies
In first of two events, top entrepreneurial students match up with some of Triangle region’s leading tech, life science companies.
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Right info, right now – just for you?
New York-based Sociocast launches personalized content delivery platform.
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Searching for a greener environment in Western N.C.
Caldwell County, search engine giant Google team up to reduce carbon footprint at Lenoir data center.
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Forget election week – Nov. 4 is 'Shooter Week'
It's "Resistance 2" vs. "Gears of War 2" as new games launch within days of each other.
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Business climate makes N.C. more appealing to investors, says a top angel
‘It’s a darn good business environment here,’ Angel Capital Association board member tells crowd in RTP.
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Open house, dedication set for N.C. Research Campus
Public tours will be offered at the main research building when the North Carolina Research Campus In Kannapolis formally opens its doors on Oct. 20.
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Microsoft may buy Yahoo and AOL if the latter two merge
If the government rejects an advertising deal between Google and Yahoo, Yahoo could be a takeover target.
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RTI wins $7.2M contract to evaluate flu treatments
Project to explore use of prescription drugs as part of plan to combat a pandemic.
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Unemployment dips slightly in Raleigh-Cary, Durham metro areas
Jobless rate spikes to 9.9 percent in Rocky Mount – the state's highest. ESC reports 'job orders' are falling there but are still being filled across Triangle.
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Angels on your shoulders – and in growing share of startup deals
Angel Connection: Veteran investor and Angel Capital Association board member Catherine Mott tells big crowd investment world is growing far beyond limits of venture capital.
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N.C. Research Campus prepares to open doors
‘Three of the latest scientific wonders of the world’ to be unveiled at $1B research hub in Kannapolis on Oct. 20.
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Video gaming isn’t ending world as we know it after all …
New survey shows teens’ gaming experiences lead to social interaction – and civic engagement.
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Charlotte-based solar technology firm lands $15.6M in capital
Sencera is building first factory in N.C., plans to employ 75 people by 2011.
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Still hunting for deals, Southern Capitol’s David Jones earns a promotion
Early-stage venture capital firm in Raleigh names Jones, a former U.S. Navy sub-hunter pilot, as partner.
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Analyst: Red Hat's profitable quarter 'mixed hat'; stock hits 52-week low
Linux software firm beat Wall Street expectations but faces choppy waters, Jefferies & Company analyst says. She cuts stock target price for second straight day.
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Looking to keep children safe on web? Check out Glubble
UK-based firm unveils new version of family activity center focused on kids under age 12.
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NCSU researchers, Virtual Heroes land $1.5M grant to get serious about games in high schools
Project called GRADUATE will focus on use of videogame technology and potential to boost STEM learning.
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N.C. Research Campus update: Duke NCRC researchers studying Hepatitis C treatment
Researchers for Duke University's MURDOCK Study want to understand why 50 percent of people treated for hepatitis C never get better.
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Online gamers don’t fit stereotypes, new survey shows
Not everyone is a nerd. The average age is 31, playing time increases with age, and 20 percent of players are women. Oh, they also are 10 percent leaner than most Americans.
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Red Hat profits beat Wall Street expectations
29% surge in revenue drives Linux software and services provider profits to $21.1M, 2 cents a share about Street forecast.
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N&O layoffs, buyouts cut another 53 people
Publisher describes decision as ‘very difficult’ but says cuts were needed for financial reasons. Work force reduction is second at McClatchy Newspaper operation since June.
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Governor’s budget advisor to take Golden LEAF president’s post
Dan Gerlach formally accepts offer to lead economic development foundation. He replaces Valeria Lee, who is retiring.
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(Update) Analyst's earnings-day jolt for Red Hat: ‘Lots of headwinds, a few tailwinds’
Update: Linux software leader beats Street earnings forecast after Jefferies & Company already cut future revenue, price targets.
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Clean-tech industry gets $17B energy boost in U.S. Senate bill
Tax incentives for alternative energy programs are kept alive through investment credits. Big utilities also could benefit.
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Angel, venture investing event from LTW is a sellout
Catherine Mott, BlueTree Capital Group CEO and board member of top angel capital group to speak at Angel Connection event in RTP.
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State securities regulation: Selling the blue sky
TechLaw: You are ready to take your business to the next level. All you need is an infusion of capital from willing investors. You've already determined that you can issue securities under an exemption to the registration requirements of the federal securities laws, so you immediately can start offering securities to investors, right? Not so fast! There are at least 50 other securities regulators out there, and some of them might have something to say about your securities offering.
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International auction house picks Inlet for live web video delivery
Heritage Auction Galleries, an international auction house in Dallas, Texas, will use video compression tools from Inlet Technologies for live sales over the Web.
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Oriel Therapeutics replaces founder with new CEO
Former Glaxo executive takes over RTP-based firm that closed on $26.5M in venture capital last November. Oriel is developing means of delivering drugs through inhalers.
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RTI lands $1.2M contract for hydrogen production project
RTI International will explore ways to produce hydrogen on a large scale from coal and coal-biomass mixtures.
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N&O reduces two high-profile roles
Cartoonist and public editor reduced to part-time hours. More layoffs are likely to be announced on Wednesday, the newspaper publisher says.
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Fired up, ready to go: New NCTA president plans aggressive agenda
Brooks Raiford says education will be a top priority as will raising awareness of state’s largest tech lobbying group.
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NCSU, Southern Capitol Ventures team up to match students, Triangle tech firms
State’s upcoming entrepreneurs will have first-hand opportunity to learn more about ChannelAdvoisor, Cisco, Cree, Square 1 Bank and numerous other firms.
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What factors determine what you earn? How can you increase your value?
Do something that many people place a high value on, be one of only a few who can do it and you'll be able to write your own ticket.
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Four life-science startups receive $347,000 in Biotech Center loans
Two RTP, two Charlotte firms land funds for disease-fighting efforts.
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N.C. Technnology Association picks business development exec as new leader
Brooks Raiford, an NCSU graduate and former president of Leadership North Carolina, takes over as top leader at N.C. Technology Association. He has spent past three years at Balfour Beatty Construction.
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Will Paulson’s plan save Wall Street? Local experts express confidence
NCSU, Duke, Wachovia economists weigh in on pros, cons of the Paulson plan. Speed is essential, but salvation comes with a cost – to taxpayers.
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Seeing money in instant messaging, Cisco buys IM startup Jabber
Acquisition provides networking giant with means to reach traditional enterprise customers and consumers.
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Takeaways from Inc. 500 conference – Who comes first in your business?
After meeting other execs, reviewing successful companies, here are some points to ponder: Don’t think high-tech is only means to success. Is your company’s name memorable?. Are couples best for running a company? Self-funded vs. outside capital – tumultuous 2008 may affect that equation.
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N.C. unemployment surges to 6.9% – highest since 2002
Number of unemployed reaches record 314,729, state Employment Security Commission reports. Finance and business services sector hit hardest. More bad news to come, NCSU economist says.
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Matchmakers: RTI, two international groups team up to bolster tech transfer, business
Consortium aims to link researchers developing technology, businesses looking for solutions and products.
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Game contests let you test your skills – and perhaps win prizes
GameStop looking for Guitar Heroes, and EA Sports offers a football challenge.
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Applications market for digital cars is revving up
A dominant computing platform to build to for cars has yet to emerge, but automotive original equipment manufacturers are feeling the pressure from consumer electronics devices and are slowly adopting third-party technologies.
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Hollywood + current events = MyHollywood.com
Online entertainment site Hollywood Interactive lands $5M, targets female demographic.
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What’s the Hubdub all about? Prediction website teams with Reuters
Prediction game site will partner with Reuters to help readers make predictions about news events.
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Loss of Pulitzer Prize-winning reporter is latest hammer blow to shrinking N&O
Pat Stith's decision is devastating to a newsroom that has seen bloodletting reach catastrophic proportions as the McClatchy Newspaper chain slowly implodes under crushing debt and declining revenues.
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At N.C. Research Campus, seeing is believing
Tour of biotech research project opens eyes of some visitors.
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In virtual kingdom, Second Life’s new CEO seeks new worlds to conquer
‘We are focused on making the experience more accessible,’ says Mark Kingdom of virtual 3D world. ‘And we are working to make it stable as it scales to greater numbers.’
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IT needs? Tackling data center power needs, virtualization opportunities
Innovation Exchange: Survey finds that managing data center complexity improves information technology efficiency.
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Duke lands $14.4M to launch nanotechnology research center
National Science Foundation, Environmental Protection Agency provide funding for project to study environmental impact of nanoparticles. UCLA also will have a center.
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UNC-CH genetics researcher gets $800,000 NIH grant
Brian Strahl, an associate professor of biochemistry and biophysics, received an $800,000 grant covering the next four years. Strahl is researching the so-called “histone code.”
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Diabetes breakthrough? UNC-CH researchers hail cell transformation discovery
UniversityTech: Scientists turn human skin cells into insulin-producing cells.
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Cary firm takes iPhone into 3D world
Icaus Studios, a developer of massively multiplayer online games, unveils 3D rendering tool at Austin games conference.
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Apocalypse, at least abyss, at hand for Nortel? After 9/17/08 disaster, what’s next?
Stockholders are fleeing telecom gear maker faster than Republicans from President Bush.
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Layoffs at newspaper chain hit Raleigh-based McClatchy Interactive
Group, which provides variety of online services, cuts more than 10 percent of staff.
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Looking for investment ideas? Angel capital event may offer ideas
Have you ever wondered what angel investing is about? WRAL Local Tech Wire and the Triangle Accredited Capital Forum invite you to an Angel Connection networking event on Thursday, Sept. 25, at 4:30 p.m., in RTP.
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Goodyear, Bridgestone could receive up to $30M each in state grants
Under law passed in 2007, tire companies must agree to invest at least $200M, keep 2,000 or more workers to receive all of funding. Companies had lobbied for incentives in order to keep Fayetteville, Wilson plants open.
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Don’t jump off the ledge yet – UNCC economist sees no recession
N.C. economy will grow this year and in 2009, reports John Connaughton. But jobs picture isn’t great.
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Healthy profits, sick marriage: Estate planning for the separated business owner
TechLaw: Your business is soaring, but your marriage has crashed. As a separated business owner, you need to keep in mind several estate-planning considerations. This article provides tips that can't save your marriage, but may save your business.
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National Venture Capital Association steps up ‘cleantech’ efforts
Cleantech Group forms partnership with NVCA in effort to boost investment, development in clean industries.
