Local Tech Wire - Latest News

PC makers may face a legal challenge in ‘Green Dam’ battle from U.S. firm

Fri, 03 Jul 2009 07:42:34 -0400

RESEARCH TRIANGLE PARK, N.C. - PC makers who are relenting to Chinese government demands that they install web filtering software on computers sold in that country may now face another challenge – a legal one.

As Nortel’s final demise nears, what blame should its board shoulder?

Fri, 03 Jul 2009 07:03:13 -0400

Analysis: Chief Executive Officer Mike Zafirovski and his predecessors Frank Dunn and Bill Owens have taken plenty of heat for Nortel’s road to bankruptcy. But who hired them?

Climate change and the economy: Public policies like ‘cap and trade’ and a carbon tax could have big impacts on our wallets.

Fri, 03 Jul 2009 06:43:27 -0400

Analysis: As the global warming debate continues to heat up, there’s more and more talk about something called “cap and trade” and the so-called “carbon tax.” The economics of climate change bear watching.

20/20: Surgery can let you see like a child again

Fri, 03 Jul 2009 06:29:00 -0400

Improvements to cataract surgery and lenses can not only help people see more clearly, but can also help solve their lifelong vision problems and let them ditch their glasses.

CDC: US swine flu cases rise to nearly 34,000

Fri, 03 Jul 2009 06:30:27 -0400

The number of U.S. swine flu cases {{a href="external_link-5082228"}}has reached nearly 34,000{{/a}}, and deaths have risen 34 percent in the past week to 170, federal health officials reported Thursday.

Murdock Research Institute unveils its high-tech gear, staff expertise

Thu, 02 Jul 2009 14:54:42 -0400

The David H. Murdock Research Institute has started showcasing the array of equipment and expertise available in the Core Laboratory at the {{a href="external_link-1426854"}}N.C. Research Campus.{{/a}}

Can video games boost thinking in elderly? NCSU, Georgia Tech to find out

Thu, 02 Jul 2009 14:13:25 -0400

National Science Foundation is funding research of Games through Gaming Lab at NCSU.

Korean firm considers Carolinas, Georgia for electric vehicle production plant

Fri, 03 Jul 2009 09:03:05 -0400

CT&T United says it plans to open plant in 2010, employ 2,600 people. Vehicles would start at $8,000. N.C. Commerce declines comment.

RTP-based Metabolon raises another $1 million in venture capital

Thu, 02 Jul 2009 12:41:53 -0400

In SEC filing, nine-year-old firm that is focused on biomarker technology says it plans to raise another $6 million.

High-tech kowtowing: PC makers bow to China’s censorware mandate

Thu, 02 Jul 2009 08:11:42 -0400

'Green Dam' is another brick for the 'Great Firewall' of China. Lenovo says it will obey government's requirements. Other high-tech firms have given in before in a country where free enterprise doesn't include free speech.

FDA requires 'Black Box' warning on GSK's smoking cessation drug Zyban

Thu, 02 Jul 2009 07:27:19 -0400

The Food and Drug Administration will require two smoking-cessation drugs, Chantix and Zyban, to carry the agency’s strongest safety warning over side effects including depression and suicidal thoughts.

Lenovo complies with China's demand for web filtering software

Fri, 03 Jul 2009 07:40:28 -0400

"Green Dam" will be made available either as pre-loaded software or on a CD-ROM, company spokesperson says. World's No. 4 PC maker says, "We obey the law and abide by local regulations wherever we do business."

NanoCor Therapeutics raises $2.5M

Wed, 01 Jul 2009 12:05:37 -0400

Drug startup {{a href="external_link-1787241"}}NanoCor Therapeutics{{/a}} has closed on $2.5 million in new financing.

INC Research closes on $50M acquisition of MDS Pharma Services business unit

Wed, 01 Jul 2009 11:44:44 -0400

Contract research organization {{a href="external_link-1105734"}}INC Research{{/a}} has wrapped up its $50 million acquisition of Phase II-IV clinical trial operations of MDS Pharma Services.

LabCorp formally launches $106M buyout of bioscience firm

Wed, 01 Jul 2009 11:36:10 -0400

Despite three IPOs, venture-backed exits drop to trickle in second quarter

Wed, 01 Jul 2009 10:28:35 -0400

Number and value of mergers-and-acquisitions plunge, VentureSource reports. However, on positive signs, venture-backed firms need to raise less cash and are reaching an exit faster. National Venture Capital Association adds that exit pipeline isn’t filled. Those firms that did execute IPos are off to good starts.

Seeking investors? Be sure to find the right angel partners

Wed, 01 Jul 2009 09:46:03 -0400

The Angel Connection: Believe it or not, there are some bad choices of angels. The trick is to avoid the angels that might cause you some problems in the future.

Private equity firm ‘moving heaven and earth’ in a bid to buy bankrupt Nortel

Wed, 01 Jul 2009 08:03:32 -0400

Vulture fund wants to keep bankrupt company whole, lawyer tells Canadian newspaper.

Are your click-through agreements enforceable?

Wed, 01 Jul 2009 06:50:27 -0400

TechLaw: The ability to contract online promotes our fast-paced global marketplace, allowing business to be conducted 24/7. Are these agreements, which often are entered into on a whim by a user, enforceable? The answer may surprise you.

Which treatment works best? Institute of Medicine outlines top 100 priorities

Wed, 01 Jul 2009 06:36:48 -0400

RTI International executive is part of committee that develops blueprint for medical study needs.

China postpones controversial Web filter mandate to PC makers

Wed, 01 Jul 2009 08:04:38 -0400

China postponed a plan to require personal computer makers to supply Internet-filtering software Tuesday, retreating in the face of protests by Washington and Chinese Web surfers just hours before it was due to take effect.

Pozen files drug application for its 'purple pill' Nexium combo to combat arthritis

Tue, 30 Jun 2009 20:09:19 -0400

Filing with FDA triggers a $10 million milestone payment to Chapel Hill drug developer from partner AstraZeneca.

Mankind fights to survive in new ‘Gears of War’ novel

Tue, 30 Jun 2009 09:56:52 -0400

Cary-based Epic Games teams with sci-fi bestselling author Karen Traviss for ‘Jacinto’s Remnant.’ It’s the second book based on the Gears franchise that has sold more than 11 million copies. A third book is planned for 2010.

Many companies rethinking 401(k) matches, Grant Thornton survey finds

Tue, 30 Jun 2009 07:56:00 -0400

A growing trend could make your 401(k) retirement account shrink.

Bankruptcy court approves Nortel plan to auction off assets

Tue, 30 Jun 2009 07:50:24 -0400

Concerns about company's financial stability forced sale of assets, Nortel exec tells court.

Study tracks how swine flu spread

Tue, 30 Jun 2009 07:57:19 -0400

In a startling measure of just how widely a new disease can spread, researchers accurately plotted swine flu's course around the world by tracking air travel from Mexico.

Worst may be over for U.S. tech market, analyst firm says

Tue, 30 Jun 2009 06:52:00 -0400

As bad as the technology market fared in the first quarter of this year, the worst may be over, at least in the United States, Forrester Research said in a report Tuesday.

Mom entrepreneurs conceive, give birth to some fascinating businesses

Tue, 30 Jun 2009 08:02:07 -0400

From belly casts to social networks, a record label to scrapbooking, these female entrepreneurs highlight StartupNation's best mom-owned business list.

FDA calls for more tests of PPD’s proposed diabetes drug

Mon, 29 Jun 2009 14:02:13 -0400

The long expected formal delay of a new drug targeting Type 2 diabetes being developed in part by {{a href="external_link-1129617"}}Pharmaceutical Product Development{{/a}} (Nasdaq: PPDI) is official.

Epic Games launches subsidiary in Korea

Mon, 29 Jun 2009 13:45:39 -0400

{{a href="external_link-1201940"}}Epic Games{{/a}}, developer of multi-million copy selling hits “Gears of War” and its sequel as well as the Unreal game franchise and the Unreal game development engine, is expanding its international footprint with a subsidiary in Korea.

Georgia Research Alliance venture fund closes on $18.75 million

Mon, 29 Jun 2009 13:33:21 -0400

The {{a href="external_link-5464092"}}Georgia Research Alliance{{/a}} has closed on $18.75 million for a new venture capital fund targeting university-based spinouts.

Apple CEO Steve Jobs back at work few days a week

Mon, 29 Jun 2009 13:20:00 -0400

Apple Inc. co-founder and CEO Steve Jobs is back at work after a five-and-a-half-month medical leave, during which he received a liver transplant.

Venture capital doesn't need government help

Mon, 29 Jun 2009 12:45:15 -0400

Opinion: New proposals by the VC industry for low taxes and less oversight may impede innovation, not promote it

Two biotech startups receive $50,000 Biotech Center loans

Mon, 29 Jun 2009 11:25:09 -0400

Agile Sciences, NeuroScience Pharmaceuticals are commercializing technology developed at NCSU, Duke.

A Nortel mystery: What happens to its next-generation wireless technology?

Tue, 30 Jun 2009 08:00:45 -0400

As creditors fight for shares of bankrupt company, industry publication Light Reading reports Nortel is hanging on to key intellectual property.

Inflation-proof your business – now; otherwise, you risk ruination

Mon, 29 Jun 2009 07:56:34 -0400

Analysis: This recession might snap like a rubber band into a period of rapid inflation. Business leaders need to be preparing for surge in prices.

Applying science to the art of systems management

Mon, 29 Jun 2009 07:15:30 -0400

Analysis: Software systems are complex and—in the world of IT operations—we leave far too much to chance. We fly blind. It’s time to apply some science to the art of systems management.

N.C. teachers dive into marine biotech workshop

Mon, 29 Jun 2009 07:03:00 -0400

Teachers from around North Carolina are diving into marine science lessons they can bring back to their classrooms.

UNC-CH researcher measuring impact of fatty acids on brain development

Mon, 29 Jun 2009 07:02:06 -0400

Little Payton Zerkle didn't know she was the subject of a scientific experiment at the {{a href="external_link-1426854"}}N.C. Research Campus.{{/a}}

In the job market? LinkedIn can pay dividends

Mon, 29 Jun 2009 06:44:00 -0400

Networking to get a job or get ahead in the business world is an art – even when it comes to brand-new networking tools like the Web site LinkedIn.

New exit route for entrepreneurs, VCs – Private stock exchanges

Mon, 29 Jun 2009 07:57:45 -0400

SharesPost, SecondMarket seek to provide ways for investors, startup owners a way to cash out other than initial public offerings.

Ovary transplants may help women fight biological clocks

Mon, 29 Jun 2009 06:33:45 -0400

Two new techniques to preserve and transplant ovaries might give women a better chance to fight their biological clocks and have children when they are older, doctors announced Monday.

Big vaccine business for GSK, Novartis? Swine ful may require 600 million doses

Mon, 29 Jun 2009 06:02:00 -0400

A potential fall swine flu immunization campaign may involve an unprecedented 600 million doses of vaccine, though officials said Friday they haven't figured out how to administer so many doses or accurately track side effects if a seasonal vaccine is given simultaneously.

N.C. reports second swine flu death

Mon, 29 Jun 2009 06:21:19 -0400

A second patient’s death has been attributed to the H1N1 influenza virus, Moses Cone Health System officials said Friday.

Companies appeal to China to drop Web filter plan

Mon, 29 Jun 2009 05:52:00 -0400

Global business groups have made an unusual direct appeal to Chinese Premier Wen Jiabao to scrap an order for PC makers to supply controversial Internet filtering software, citing security and privacy concerns.

'Trust in South Carolina:' A campaign to realize human potential of everyone

Fri, 26 Jun 2009 07:55:59 -0400

A spark is needed to light a fire that will reinvent South Carolina. Here's a comprehensive strategy and movement to realize the human potential of everyone.

Just say 'no' to venture capital: Why less is more for startups

Mon, 29 Jun 2009 12:28:27 -0400

Analysis: A company running on a tight budget will perform far better than a company that has gotten a chunk of cash from venture capitalists.

City of Raleigh seeks power from sunflowers

Fri, 26 Jun 2009 06:53:00 -0400

Sunflowers planted near the city's wastewater treatment plant could produce biofuel to help power equipment at the plant.

UNC-CH specialist: Swine flu vaccine availability still unclear

Fri, 26 Jun 2009 08:01:34 -0400

Every flu season a vaccine is available to control the spread of the illness, but the H1N1 virus has been spreading without a vaccine to control it.

Analyst firm Gartner predicts PC shipment growth in 4Q

Fri, 26 Jun 2009 06:34:00 -0400

Gartner Inc. analysts are predicting this holiday season will be sweeter than last year's for the PC industry.

CDC: U.S. swine ful cases hit 1 million

Thu, 25 Jun 2009 18:22:00 -0400

As many as 1 million Americans now have swine flu, U.S. health officials said Thursday, adding that 6 percent or more of some urban areas are infected. The estimate voiced by a government flu scientist Thursday was no surprise to the experts who have been closely watching the virus.

PC makers race to comply with China's Web filter mandate

Fri, 26 Jun 2009 06:39:57 -0400

Days before a deadline abruptly imposed by China, computer makers are scrambling to comply with an order to supply Web-filtering software with PCs amid concerns about what it might do to their reputations.

Who moved my 'Delete' key? Lenovo did. Here's why.

Fri, 26 Jun 2009 07:59:00 -0400

Lenovo put nearly a year of research into two design changes that debuted on an updated ThinkPad laptop this week. No, not the thinner, lighter form or the textured touchpad – rather, the extra-large "Delete" and "Escape" keys.

Apple demanded tax break for data center, documents show

Fri, 26 Jun 2009 06:12:12 -0400

Newly released state documents show Apple Inc. told North Carolina business recruiters the state would have to change a corporate tax law to erase an advantage favoring Virginia if it wanted the technology giant's $1 billion server farm.

Georgia Tech launches center to help improve recovery of severely injured soldiers

Thu, 25 Jun 2009 17:58:00 -0400

UniversityTech: Musculoskeletal biology and regenerative medicine expertise are keys to effort, Tech says.

New York-based Medidata Solutions shares surge on IPO

Thu, 25 Jun 2009 17:53:00 -0400

Shares of software maker Medidata Solutions (Nasdaq: MDSQ) surged 29 percent beyond the company's initial public offering value Thursday.

FCC approves CenturyTel-Embarq deal

Fri, 26 Jun 2009 06:40:30 -0400

CenturyTel Inc. says it expects to close its acquisition of Embarq Corp. on July 1 following approval of the deal by the Federal Communications Commission.

N.C. gets $30 million for energy plan

Fri, 26 Jun 2009 06:41:00 -0400

North Carolina will receive $30.4 million in federal stimulus money to help create renewable energy projects in the state.

Analyst: Red Hat remains 'a beacon of light'

Thu, 25 Jun 2009 10:17:29 -0400

Jefferies & Co.'s Katherine Egbert sings praises of world's top Linux software developer and services provider. "Red Hat seems well-positioned to weather the current IT spending storm," she says in upping share value.

Job seeking? Use the power of power networking

Thu, 25 Jun 2009 07:58:25 -0400

With more and more people on the job market, finding the next opportunity is also a matter of who you know. Your next job may be just a handshake away. By meeting people and impressing upon them what you offer as a professional in your field increases your chances of getting your next job.

PPD pulls out of N.C. Research Campus, citing slow development of project

Thu, 25 Jun 2009 07:11:36 -0400

Pharmaceutical Product Development had committed to creating 300 jobs at Kannapolis biotech center being built by billionaire David Murdock.

Test results not always delivered, study shows

Thu, 25 Jun 2009 06:58:00 -0400

A surprising number of people don't get medical test results that could save their lives. A new study finds doctors and hospitals failed to share results with patients in one out of 14 cases – a mistake that can be deadly.

Jobs appears closer to returning to work at Apple

Thu, 25 Jun 2009 06:53:00 -0400

{{a href="external_link-5421875"}}Apple{{/a}} (Nasdaq: AAPL) co-founder and CEO Steve Jobs appears to be a step closer to returning to work, as a doctor gave him an "excellent prognosis" after receiving a liver transplant at a Tennessee hospital.

Jobs' liver transplant shows power of the rich

Thu, 25 Jun 2009 07:57:18 -0400

A celebrity like Apple CEO Steve Jobs scores a rare organ transplant and the world wonders: Did he game the system? The rich have plenty of advantages that others don't. But winning the "transplant lottery" involves more than the size of your wallet – and true medical need.

U.S. calls on China to revoke Web filter order

Thu, 25 Jun 2009 06:40:00 -0400

Washington is calling on Beijing to revoke an order to personal computer makers to supply Internet-filtering software with every PC, adding to an array of disputes between the major trading partners.

Stomach stapling may lower cancer risk in women – but not men

Thu, 25 Jun 2009 07:59:29 -0400

Women who have their stomachs stapled not only lose weight; they also may reduce their cancer risk by up to 40 percent, new research says. In a study of more than 2,000 obese people who had surgery to reduce the size of their stomachs, Swedish researchers found women who had the procedure were less likely to get cancer than those who did not.

Feds at CIA, DOE are banking on power from Durham startup

Thu, 25 Jun 2009 07:55:31 -0400

New $500,000 grant from Department of Energy is latest sign that Semprius could be delivering solar power and new semiconductor technology that makes financial sense.

FDA: More data needed on Glaxo nausea drug

Wed, 24 Jun 2009 07:28:00 -0400

Want to reduce pancreatic cancer risk? Weight control could help

Wed, 24 Jun 2009 08:04:40 -0400

It’s estimated that nearly 27 percent of all cases of this highly lethal cancer are due in part to excess weight.

Web filtering software launch unchanged, China declares

Wed, 24 Jun 2009 07:15:00 -0400

Scrape those hulls? Not with NCSU high-tech prevention

Wed, 24 Jun 2009 07:12:53 -0400

UniversityTech: Non-toxic hull coating resists barnacle buildup, potentially saving ship owners millions

Cloud computing: Can IT deliver on the hype?

Wed, 24 Jun 2009 08:01:40 -0400

Analysis: The idea that purchasing only the services you use from a cloud environment may allow businesses to both save money and focus on their core business is an enticing proposition in the current economic climate. However, it is critical for business consumers to understand the infrastructure, components and service delivery characteristics of the offering being considered.

Cleantech is hot – Should you try to cash in?

Wed, 24 Jun 2009 07:01:41 -0400

The Angel Connection: Venture capitalists are shifting their focus from many of the traditional investment sectors in an attempt to capitalize on environmentally friendly technologies.

It’s good to be green … and silver, and gold, and platinum

Wed, 24 Jun 2009 08:03:23 -0400

TechLaw: No longer the pet project of environmentalists, building green has gone mainstream. Enthusiasm for green projects has grown beyond recycling programs and using compact fluorescent light bulbs. In the face of increased fuel costs, climate-related disasters, regional drought and a wounded economy, going ‘green’ has become a stimulus concept in itself, particularly suitable to the image and marketing of cutting-edge technology companies.

Technology continues to transform the fan experience – for better or for worse?

Tue, 23 Jun 2009 08:08:19 -0400

RESEARCH TRIANGLE PARK, N.C. – At what point do we reach the point of information overload for sports fans? Two recent examples point to the possibility of leagues and teams giving their devoted followers so much information that the game or event itself shrivels in comparison.

IT job market in North Carolina bottoms out in May, report says

Tue, 23 Jun 2009 07:33:01 -0400

Unlike nation-wide trend, number of information technology job openings across the state show slight increase. However, demand remains far below that of one year ago and little further improvement is expected this summer, SkillProof and NCTA report.

FTC requests more merger information from Merck, Schering-Plough

Tue, 23 Jun 2009 07:00:00 -0400

Drugmakers Merck and Co. and Schering-Plough Corp., which are in the process of a $41.1 billion tie-up, said Monday the Federal Trade Commission has asked for more information about the deal.

Entrepreneurship 101: Financing the launch of your company

Tue, 23 Jun 2009 06:56:44 -0400

The Angel Connection: Options include bootstrapping, strategic partnerships, customer partnerships, angel investors –possibly, venture capitalists.

What will the economic recovery look like?

Tue, 23 Jun 2009 06:48:31 -0400

The economic pie will again expand, but slowly. Businesses, and regions, will be competing more for bigger slices than for parts of a larger pie. The successful firms will get ahead by the profitable use of management, marketing, and creativity – skills that will be vital and essential like never before.

Under Black Hills, work begins on world's deepest lab

Tue, 23 Jun 2009 06:37:00 -0400

Far below the Black Hills of South Dakota, crews are building the world's deepest underground science lab at a depth equivalent to more than six Empire State buildings - a place uniquely suited to scientists' quest for mysterious particles known as dark matter.

Duke explores alternative to open heart surgery for murmurs

Tue, 23 Jun 2009 06:32:00 -0400

A trial at Duke Hospital is helping people born with a defect in the aortic heart valve correct the problem without several open-heart surgeries.

Apple's new iPhone tops 1 million in sales

Tue, 23 Jun 2009 06:29:00 -0400

{{a href="external_link-0"}}Apple Inc.{{/a}} sold more than a million units of its latest iPhone model in the first three days, making it the most successful debut for a smart phone yet.

T-Mobile to launch second Google phone in August

Tue, 23 Jun 2009 06:22:00 -0400

{{a href="external_link-1862245"}}T-Mobile USA's{{/a}} follow-up to the first "Google phone" will go on sale in early August, the carrier said Monday.

RIP, Nortel – Was Mike Zafirovski's mission impossible?

Tue, 23 Jun 2009 05:48:44 -0400

The firesale of Nortel's assets is on. Its crown jewel is already sold, and more deals are in the works. Who is to blame for the fall of a once mighty company? Not just Mike Z.

Creating an attractive business model is an essential element in attracting investors

Tue, 23 Jun 2009 05:41:46 -0400

The Angel Connection: Investors always look at the management team to ultimately decide, but the story about their business model has to be compelling and convincing, and the management team has to show that they can really pull it off.

Linking viruses, cancer – A key to developing new treatments?

Tue, 23 Jun 2009 05:45:22 -0400

UniversityTech: The University of North Carolina at Chapel Hill Lineberger Comprehensive Cancer has uncovered clues to the development of cancers in AIDS patients.

Gates Foundation, MDC partner for jobs, education initiative

Tue, 23 Jun 2009 05:38:07 -0400

Guilford Technical Community College will receive $743,000 over three years for a remedial program. Institutions across 15 states will receive support.

DVD renters see lots of red - Redbox kiosks vs. Netflix red mailers

Mon, 22 Jun 2009 06:42:00 -0400

With more subscribers than ever flocking to its DVD-by-mail service, Netflix Inc. is one of the few companies to prosper during the worst U.S. recession in 70 years. Yet Netflix CEO Reed Hastings still has something to worry about: an even cheaper DVD rental service run by one of his former lieutenants.

N.C. Research Campus could land federal research center, hundreds of jobs

Tue, 23 Jun 2009 05:33:29 -0400

U.S. Department of Agriculture might pick Kannapolis for a nutrition and research center. Rep. Larry Kissell is seeking a $500,000 earmark to establish the center.

Apple fans, shareholders are prepared for a part-time Jobs

Sun, 21 Jun 2009 16:14:00 -0400

Five and a half months ago, word that Steve Jobs would only work part-time as he recovered from a liver transplant would have sent investors into a selling frenzy, so closely linked was Apple's charismatic co-founder and CEO to the company's success.

Reports: Apple CEO Steve Jobs had liver transplant

Sat, 20 Jun 2009 17:30:00 -0400

Apple Inc. co-founder and CEO Steve Jobs, whose recovery from pancreatic cancer appeared less certain when he had to take medical leave in January, received a liver transplant two months ago but is recovering well, The Wall Street Journal reported Saturday.

Nortel to sell itself off in pieces

Sat, 20 Jun 2009 17:27:00 -0400

Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company.

Nokia Siemens in deal to buy Nortel wireless units

Sat, 20 Jun 2009 09:16:00 -0400

Nokia Siemens Networks said Saturday it will buy the wireless operations of Canadian-based Nortel Networks in a $650 million (euro465 million) deal to strengthen its position in North American markets.

Putting on his 'hairshirt,' Nortel's CEO defends his actions

Fri, 19 Jun 2009 07:57:22 -0400

Mike Zafirovski a lot of body blows in yet another round of his seemingly never-ending struggle to keep the telecommunications gear maker alive.

RDU International Airport goes green with LED runway lights

Fri, 19 Jun 2009 06:14:29 -0400

Backed by federal and state grants totaling $7 million, RDU Airport Authority will replace existing lights with LEDS that promise reduced energy and maintenance costs.

Researchers at NCRC using bioinformatics

Fri, 19 Jun 2009 05:38:52 -0400

Scientific research under way at the {{a href="external_link-1426854"}}N.C. Research Campus{{/a}} generates so much biological information that no spreadsheet or computer file can contain it.

Buckle up for new valuations and term sheets

Fri, 19 Jun 2009 05:46:00 -0400

The Angel Connection: The personal wealth of angels and the portfolio value of foundations and institutions are considerably less by 30 to 40 percent. This puts a lot of pressure on their willingness to take on new investments.

Start your browsers: Inlet adds dimensions to wide world of sports viewing

Fri, 19 Jun 2009 07:51:33 -0400

Raleigh-based firm helps deliver a multi-faceted Internet web cast of the Indy 500 and aims for more live sports in future. But there's a risk. "Live happens only once – so you have to get it right the first time," company’s president says.

More bad news for venture firms: Institutions decrease private equity investments

Fri, 19 Jun 2009 07:54:24 -0400

For entrepreneurs, it has been getting harder and harder to acquire venture money since the end of 2008, and it doesn't like it is going to get any better this year.

Bonuses but no severance during bankruptcy – What is going on at Nortel?

Thu, 18 Jun 2009 07:45:38 -0400

CEO Mike Zafirovski is to appear before a Canadian parliament committee today to answer questions about bonuses. An RTP veteran wonders why he was laid off, denied severance and still received a bonus.

Southern Capitol Ventures goes to Maryland for latest deal

Thu, 18 Jun 2009 06:33:23 -0400

Raleigh-based venture capitol firm invests in AVIcode, which focuses on Microsoft .NET monitoring solutions.

National Venture Capital Association resists Obama’s financial regulatory plan

Thu, 18 Jun 2009 07:37:45 -0400

The trade group says venture industry is already adequately regulated and doesn’t "pose significant systemic risk" to the financial system.

U.S. unemployment to keep climbing as recession drags on, Duke CFO survey says

Wed, 17 Jun 2009 10:09:27 -0400

Economic fundamentals remain ‘troubling,’ Duke professor says. Recession to drag on, credit remains tight and capital spending to be ‘slashed’ along with jobs, CFOs predict. ‘Little fundamental data’ to indicate a recovery, warns Duke’s Campbell Harvey.

N.C. Biotech Center awards $2.5 million grant to nanobiotechnology center

Wed, 17 Jun 2009 08:56:20 -0400

Center for Innovation in Nanobiotechnology, which is located in the Triad, will receive money over four years. The goal is to help commercialize research done at state’s universities.

In IT world, it's more than pay that keeps employees motivated, survey shows

Wed, 17 Jun 2009 18:08:59 -0400

Quintiles, SAS, Michelin, Southern Company, Aflac, Palmetto Health, Red Hat receive high marks in a Computerworld survey – for many reasons.

Duke researchers sign up volunteers for $35M health study

Wed, 17 Jun 2009 06:51:53 -0400

In an arrangement that Duke University hopes other Cabarrus County employers will emulate, {{a href="external_link-4552301"}}MURDOCK Study{{/a}} staff have visited local schools to register employees who want to volunteer for the study.

The basics of business bankruptcy: Making the best of a bad situation

Fri, 19 Jun 2009 07:55:12 -0400

TechLaw: As we work our way through the ongoing recession, more and more businesses are confronted with the real possibility of bankruptcy. This article highlights some of the basics of business bankruptcy.

China backpedals on filtering software order

Wed, 17 Jun 2009 08:06:25 -0400

China's authoritarian government has backed away from an order to load Internet-filtering software on every new computer, easing pressure on PC makers Lenovo and Dell.

Canadian Parliament orders Nortel CEO to testify about bonuses

Tue, 16 Jun 2009 15:37:07 -0400

Mike Zafirovski had declined an invitation to speak but government committee votes to summon him, other execs anyway.

Clearwire launches higher-speed wireless network in Atlanta; Charlotte coming in 2009

Tue, 16 Jun 2009 11:28:50 -0400

Clearwire is taking wireless broadband to a faster level in Atlanta with the launch of its so-called “4G” network based on WIMAX standard technology.

Duke Energy CFO to take over as top executive at FairPoint Communications

Tue, 16 Jun 2009 10:06:07 -0400

David Hauser, who is already a member of the telecommunication firm’s board, will replace Eugene Johnson. Johnson is retiring.

CeNeRx BioPharma closes on $9M in new financing

Tue, 16 Jun 2009 09:53:58 -0400

RTP-based startup secures $5 million in credit, another $4 million from Pappas Ventures, other investors. CeNeRx also acquires right to ‘agent’ that targets neuropathy and neurodegenerative disorders.

Bidding war for Data Domain ensures at least one winner – shareholders

Tue, 16 Jun 2009 10:26:36 -0400

Regardless of whether EMC or NetApp wins the battle, Data Domain shareholders already have made a windfall. The firm's shares were selling under $20 when the NetApp deal was disclosed. After EMC entered the battle, shares shot as high as $34.35.

POSTS - NetApp: Data Domain’s board backs NetApp bid over EMC’s; bidding war boosts VC firms’ ownership stakes

Tue, 16 Jun 2009 07:16:00 -0400

POSTS - GlaxoSmithKline: Drug giant strikes deal with India’s Dr. Reddy’s, terminates one with Massachusetts firm

Tue, 16 Jun 2009 07:49:32 -0400

{{a href="external_link-1085522"}}GlaxoSmithKline{{/a}} (NYSE: GSK) struck a drug development and distribution deal Monday with India-based Dr. Reddy’s even as it terminated a cancer drug collaboration with a Massachusetts firm.

New report supports N.C. as center for 'green' jobs, governor says

Tue, 16 Jun 2009 07:44:51 -0400

According to a new Pew Center report, North Carolina is ready to capitalize on Gov. Bev Perdue’s green energy plan, including her proposals to make green energy jobs a cornerstone of the state's economy.

Oh, what a relief: Bleach baths can give relief from eczema

Tue, 16 Jun 2009 05:36:00 -0400

A weekly bath in bleach can give relief to the millions of American children – one in six – who suffer from the skin affliction called eczema.

Report: Netscape co-founder Andreessen, partner raise $300M fund

Mon, 15 Jun 2009 13:37:47 -0400

Marc Andreessen, co-founder of Netscape, and partner Ben Horowitz {{a href="external_link-5358513"}}have closed on a $300 million new venture fund{{/a}}, according to the web site All Things Digital.

Quintiles vaults to 16th on '100 Best Places to Work in IT' list

Mon, 15 Jun 2009 12:31:31 -0400

The information technology group at the world's largest privately held contract research organization is "making real contributions," says Quintiles chief information officer. "We make a difference now, and people like that."

TweetMyJobs adds brand recognition feature for job-related tweets

Mon, 15 Jun 2009 07:56:13 -0400

{{a href="external_link-5302959"}}TweetMyJobs{{/a}}, the Charlotte-based job board startup focused on the use of Twitter as a job locator, is adding a branding feature to its site.

Green Dam 2.0 - How could it be used?

Mon, 15 Jun 2009 07:23:45 -0400

A few scenarios, from bad to worst case (about Green Dam and how the filtering software might be used):

Piedmont Triad Research Park director is laid off

Mon, 15 Jun 2009 07:20:00 -0400

Bill Dean, longtime director of the {{a href="external_link-5342725"}}Piedmont Triad Research Park{{/a}}, has lost his job.

Tech startup Wave Technologies picks Charleston, S.C., for HQ

Mon, 15 Jun 2009 07:51:33 -0400

{{a href="external_link-5343044"}}Wave Sciences Corporation{{/a}}, a developer of technology for use in audio and video processing systems and services as well as military command-and-control, is relocating its headquarters to Charleston from Florence, S.C.

China’s ‘Great Firewall’ move an attack on democracy and U.S. trade

Mon, 15 Jun 2009 07:51:01 -0400

Analysis: Edict to install filtering software on PCs sold in China is the latest humiliation for American business at the hands of China’s leaders.

IBM prepares rollout for its own 'cloud computing' suite

Mon, 15 Jun 2009 07:57:20 -0400

Big Blue to offer three "flavors" of services – private inside an enterprise, preview for testing and a package including management software.

From textiles to DNA: First Pillowtex employee to land a job at N.C. Research Campus now a lab technician

Mon, 15 Jun 2009 06:17:03 -0400

Randy Crowell was just 6 years old when Spencer physician Dr. Charles Eddinger let him peer into a microscope during a check-up.

Novartis just says 'no' to free swine flu vaccine

Mon, 15 Jun 2009 11:14:11 -0400

With swine flu now an official pandemic, the race is on among drugmakers to produce a vaccine. GSK to offer 50M free doses. Novartis won't.

Virtual Heroes, HopeLab team up for Remission 2 – A video game to fight cancer

Fri, 12 Jun 2009 08:15:49 -0400

RTP-based virtual training company will help develop a new version of video game designed to help young people deal with deadly disease.

Asia becoming the darling of venture capital firms

Fri, 12 Jun 2009 08:34:39 -0400

New report further substantiates that the global venture capital market will continue to play an increasing role in venture capital firm investments.

Novartis produces first batch of swine flu vaccine; GSK continues research

Fri, 12 Jun 2009 13:38:10 -0400

Swiss pharmaceuticals company Novartis AG said Friday it has successfully produced a first batch of swine flu vaccine weeks ahead of expectations. A plant in Holly Springs is designed to produce new type of treatment.

China defends telling Lenovo, other PC makers to install net filtering software

Fri, 12 Jun 2009 07:34:30 -0400

Decision could be a boost for Morrisville-based Lenovo but hurt Dell, HP analyst says. Author warns 'net nanny' edict will hurt U.S. software firms as well.

Pfizer honors Quintiles award for data management services

Thu, 11 Jun 2009 14:39:25 -0400

Drug giant Pfizer has picked international research organization {{a href="external_link-1203134"}}Quintiles Transnational{{/a}} as the recipient of its 2008 Development Operations’ Strategic Supplier Excellence award.

RTI risk officer joins financial magazine’s elite list

Thu, 11 Jun 2009 14:14:35 -0400

Ward Sax, chief risk officer at {{a href="external_link-1071046"}}RTI International{{/a}}, is one of the nation’s {{a href="external_link-5334461"}}“100 Most Influential People in Finance,”{{/a}} according to Treasury & Risk magazine.

Liquidia Technologies hires another J&J executive for production role

Thu, 11 Jun 2009 13:52:17 -0400

Venture-backed {{a href="external_link-1220411"}}Liquidia Technologies{{/a}} is expanding its management team with a new vice president for its supply chain management.

Nortel CEO won't talk with Canadian government about bonuses

Thu, 11 Jun 2009 17:02:37 -0400

Company says lawyers advise Mike Zafirovski to 'decline the invitation.'

Biotech Center 'speed dates,' Atlanta's 'Capital Lounge' – Mixers of opportunity for entrepreneurs

Mon, 15 Jun 2009 07:15:13 -0400

RESEARCH TRIANGLE PARK, N.C. – Entrepreneurs, take heart. Speed dating, “lounge” events and “Calling All Entrepreneurs” are just three events this week that serve as examples of where you can meet potential investors and get feedback about your business plans.

Institute for Drug Safety Sciences opens at The Hamner

Fri, 12 Jun 2009 07:22:48 -0400

The Institute for Drug Safety Sciences opened Thursday at {{a href="external_link-1658643"}}The Hamner Institutes for Health Sciences{{/a}} in RTP.

Georgia's 'clean tech' sector generates more than 16,000 jobs

Thu, 11 Jun 2009 13:56:09 -0400

Clean energy, or “green,” jobs grew in Georgia over a 10-year period to more than 16,000, according to {{a href="external_link-5323517"}}a new study{{/a}} from the Pew Charitable Trusts.

North Carolina's 'green' jobs sector swells over 10 years, study shows

Thu, 11 Jun 2009 13:56:08 -0400

Nationally, clean tech sector employs some 770,000 people based on 2007 data, Pew Charitable Trusts says.

South Carolina's 'clean tech' work force soars 36% over 10 years to more than 11,000

Thu, 11 Jun 2009 13:56:09 -0400

Clean energy, or “green,” jobs soared in South Carolina over a 10-year period to more than 11,000, according to {{a href="external_link-5323517"}}a new study{{/a}} from the Pew Charitable Trusts.

Kauffman Foundation report calls for ‘right-sizing’ of ailing venture industry

Thu, 11 Jun 2009 07:56:09 -0400

Study’s author calls for ‘by half’ reductions in fund raising and VC fund size as well as other changes in order to help investors see more profitable exits. However, not all VCs agree. One calls report ‘alarmist,’ says investors still seek opportunities.

Nanotechnology startup LaamScience raises $2.5M, secures German billionaire as investor

Wed, 10 Jun 2009 12:35:20 -0400

Nanotechnology startup {{a href="external_link-5323025"}}LaamScience{{/a}} has closed on $2.5 million in new financing as part of a projected $6 million round, according to a filing with the Securities and Exchange Commission.

Becton Dickinson to open new facility in Mebane, create 20 jobs

Wed, 10 Jun 2009 12:18:24 -0400

Life science firm Becton Dickinson (NYSE: BDX), also known as BD, is adding a new facility and will create 20 new jobs in Mebane, the company said Tuesday.

‘Never waste a good crisis’ – Venture capitalists see opportunities, changes ahead

Wed, 10 Jun 2009 10:30:33 -0400

The National Venture Capital Association and Deloitte selected a number of reactions from venture capitalists participating in their {{a href="external_link-5321464"}}just released global survey{{/a}}. Those comments:

Most venture firms planning fewer investments, global survey says

Wed, 10 Jun 2009 10:32:26 -0400

Few venture capitalists expect U.S. investments to grow. VCs say times are good to invest but overall paint a collective somber picture about their industry in Deloitte and National Venture Capital Association report. Large funds are most likely to cut number and amount of deals.

Fedora’s new Linux release is roaring toward the global desktop

Wed, 10 Jun 2009 07:54:50 -0400

Critics gush with praise for code-name Leonidas project as Red Hat-supported project makes a pre-emptive strike against Windows 7. It also offers insight into Red Hat’s virtualization strategy.

POSTS IBM: Big Blue launches social network site for its 100,000 channel partners; it also lands $595M contract

Wed, 10 Jun 2009 06:59:14 -0400

Collecting your due – Minimize the risk of loss

Wed, 10 Jun 2009 06:12:38 -0400

TechLaw: The economic downturn has been devastating for all industries, including the technology industry. Now, more than ever, it is important for business owners to arm themselves against non paying customers and to preserve their rights in the future.

Former Nortel execs seeking $1B loan from Canadian government to buy company

Wed, 10 Jun 2009 06:02:38 -0400

Group says it has lined up private backers but ‘needs federal money,’ CBC News says. If a buyout occurs, group plans to keep two thirds of Nortel, base it in Ottawa.

Stemming leukemia: Benefits of treatment may outweigh risks

Wed, 10 Jun 2009 05:29:00 -0400

Researchers reviewed data from two dozen studies on allogeneic stem cell transplantation, in which blood-forming donor cells replace abnormal cells in a patient's bone marrow. The procedure has a high risk of serious side effects.

Duke Energy, Cisco team up for 'smart grid' projects

Tue, 09 Jun 2009 23:01:12 -0400

Utility company, networking technology firm target Ohio, Indiana for deployment of grid-to-home project. Plans underway for a ‘smart grid’ in Carolinas, Duke says.

Staffing firm creates pipeline for future NCRC jobs

Tue, 09 Jun 2009 10:32:23 -0400

The country's largest scientific and clinical staffing firm has been recruiting clients in Kannapolis who might land jobs at the {{a href="external_link-1426854"}}N.C. Research Campus.{{/a}}

Pappas Ventures joins investment round in California firm

Tue, 09 Jun 2009 10:23:34 -0400

Life sciences venture capital firm {{a href="external_link-4174247"}}Pappas Ventures{{/a}} is among the investors in a new round of financing for {{a href="external_link-5313020"}}Lead Therapeutics.{{/a}}

Biopharma startup Pique Therapeutics closes on first funds of ‘A’ round

Tue, 09 Jun 2009 10:12:13 -0400

Durham-based company lands funds from two N.C. angel groups. It is developing drug targeting lung cancer.

CIA’s In-Q-Tel joins investor lineup at Durham-based Semprius

Tue, 09 Jun 2009 10:25:58 -0400

Startup, which enables semiconductors to be placed on a wide variety of surfaces, lands $6.4 million in B-round financing. Intersouth, an original backer, also joins second round syndicate.

Entrepreneurs remain confident, largely self-reliant, in tough times, CED says

Tue, 09 Jun 2009 08:11:15 -0400

Council for Entrepreneurial Development's survey finds most startup executives expect growth over next year. But many do want CED to help them find more sources for funding, partnerships.

Raleigh firm helps amputees get better grip with 'i-Limb'

Tue, 09 Jun 2009 07:12:00 -0400

A new prosthesis called the iLimb, developed by Hanger Prosthetics in Raleigh, lets the user operate all five fingers separately.

Job seekers face 'mild' and 'unsteady' prospects in Triangle

Tue, 09 Jun 2009 07:52:12 -0400

Third quarter employment survey from Manpower shows some firms are planning to hire but similar numbers anticipate making layoffs. Nationwide, Manpower says work force picture is "sluggish."

Defense partnership awards Fayetteville firm $44,000 grant

Mon, 08 Jun 2009 15:04:47 -0400

{{a href="external_link-5307199"}}Immersion Media{{/a}}a software development firm, has received a $44,000 grant from the Partnership for Defense Innovation.

Venture firm NEA to leave downtown Baltimore, citing crime concerns

Mon, 08 Jun 2009 14:31:55 -0400

Venture capital firm {{a href="external_link-1371495"}}New Enterprise Associates{{/a}} is moving out of downtown Baltimore due to increase concerns about crime.

Decline, fall of venture business: Fewer firms, fewer VCs, fewer deals

Tue, 09 Jun 2009 07:50:40 -0400

The economic downturn has now nearly destroyed the venture capital business as latest report from National Venture Capital Association and VentureSource demonstrate.

GSK’s venture arm invests in Massachusetts biotech

Mon, 08 Jun 2009 13:13:11 -0400

SR One, the venture capital arm of {{a href="external_link-1085522"}}GlaxoSmithKline{[/a}}, is part of the syndicate investing $40 million in Aileron Therapeutics, a biotech firm based in Massachusetts.

Cisco, venture fund launch $250,000 business plan competition

Mon, 08 Jun 2009 12:54:26 -0400

{{a href="external_link-1107313"}}Cisco Systems{{/a}} and venture capital firm Draper Fisher Jurvetson are teaming up for a minimum of $250,000 {{a href="external_link-1107313"}}global business plan competition{{/a}}.

Talecris, Australian firm call off $3.1 billion merger

Mon, 08 Jun 2009 10:16:05 -0400

U.S. government had moved to stop the acquisition of RTP-based Talecris by CSL, saying the resulting company would hurt therapeutics business. Talecris will receive $75 million 'break' fee.

Hosted Solutions aims for the heavens with its 'Stratus' cloud service offering

Mon, 08 Jun 2009 20:17:38 -0400

Raleigh-based provider of tech infrastructure services adds staff, latest hardware and software for offering that aims to help customers increase IT capabilities, reduce costs.

NC IDEA helps kick-start five startups with $200,000 in grants

Mon, 08 Jun 2009 08:28:37 -0400

Mobile software, ‘green’ tech, sports stats, venture education and battery tech firm receive financial support from economic development group.

Job hunting? Tweets, social media can pay off

Fri, 26 Jun 2009 16:40:20 -0400

Twitter, Facebook, MySpace and LinkedIn aren't just for socializing anymore. Job seekers are making the networking sites work them as well.

New study backs diabetes drug Avandia, GSK says

Sat, 06 Jun 2009 14:51:57 -0400

Drug giant releases results of its own study at diabetes conferencing that it says downplays heart attack risks. WHO, meanwhile, endorses GSK diarrhea drug.

Sprint kicks off Palm Pre sales - 'It's awesome, dude,' says one buyer.

Sat, 06 Jun 2009 14:30:02 -0400

Sprint's chief executive says the release of Palm's Pre smart phone represents a "coming out party" for Sprint.

POSTS: Analyst calls Red Hat a buy; Verizon picks Red Hat for ‘cloud’ service

Mon, 08 Jun 2009 07:55:10 -0400

RTI helps launch Palestinians' technology hub – the 'Hills.' Will it be West Bank's RTP?

Fri, 05 Jun 2009 08:29:37 -0400

Named Rawabi, the development could help turn the West Bank into what RTI International calls ‘a more investor friendly region.’

IBM names first blind engineer as 'Fellow'

Fri, 05 Jun 2009 08:03:12 -0400

Chieko Asakawa, an IBM (NYSE: IBM) researcher at its lab in Tokyop, Japan, is the first blind person to be named an “IBM Fellow” by the company.

Community college says it’s up to task of training N.C. Research Campus workers

Fri, 05 Jun 2009 06:24:47 -0400

The responsibility of educating and training a workforce for the {{a href="external_link-1426854"}}N.C. Research Campus{{/a}} falls in large part to Rowan-Cabarrus Community College. Leaders say they're ready.

If online ads are indicator, Carolinas and Georgia job picture improving

Fri, 05 Jun 2009 05:37:00 -0400

Latest Conference Board report shows jump in web ads during May both regionally and nationally. However, improvement may be just a blip, research group says.

As U.S. consumers, why are we finally saving more?

Thu, 04 Jun 2009 12:50:36 -0400

A variety of factors is in a slowing economy is changing the habits of many people when it comes to money. Call it a return to thrift. But is the shift permanent?

Venture capitalist Tim Draper opens a 'stock market'

Fri, 05 Jun 2009 07:56:30 -0400

Draper is creating what he calls an "exchange" for trading shares in early stage companies. This is a venture worth watching.

Execs see N.C.'s mobile future as bright, but census data on net access is grim

Mon, 08 Jun 2009 07:58:09 -0400

As the world salutes RTP, execs talk a wireless world and N.C. lands Apple, Census data ranks Tar Heel state 41st for Internet access.

Progress Energy energizes solar strategy

Thu, 04 Jun 2009 06:17:07 -0400

Progress Energy (NYSE: PGN) on Wednesday outlined an expanded solar energy strategy in the Carolinas and Florida, including a range of residential and commercial solar incentives and programs.

NetApp claims victory over EMC in bid for Data Domain

Thu, 04 Jun 2009 05:47:00 -0400

NetApp Inc. (Nasdaq: NTAP) has claimed victory over EMC Corp. (NYSE: EMC) in a bidding battle for Data Domain Inc. (Nasdaq: DDUP), a company whose products help cut unnecessary data storage.

Study: Therapy may prevent depression in at-risk teens

Thu, 04 Jun 2009 05:34:00 -0400

When teens become depressed, it can have a ripple effect in their lives, according to psychologist Judy Garber, of Vanderbilt University.

Economic hard times far from over, CFOs say in Duke survey

Thu, 04 Jun 2009 05:30:00 -0400

Those polled in the latest Duke University/CFO Magazine Global Business Outlook Survey are more optimistic about the longer-term economy.

New Apple for N.C.'s eyes: $1 billion data center, 3,000 related jobs

Thu, 04 Jun 2009 07:50:40 -0400

After Gov. Beverly Perdue signed a law changing how capital-intensive businesses calculate their state income tax, she announced that Apple would locate a data center in the state. Apple could save $300 million over 30 years.

Burlington a high-tech hot spot, says new Milken Institute study

Wed, 03 Jun 2009 08:11:43 -0400

RALEIGH, N.C. – Add Burlington, N.C., to the nation’s leaders as one of North America’s “high-tech centers.”

America's mobile tipping point is here right now.

Mon, 08 Jun 2009 07:56:30 -0400

Our future is increasingly mobile with new devices ready to access the 'always on' Internet. Yes, mobile devices are also becoming our wallets. The 'tipping point' we'll witness probably during the next several months is something like what we saw a few years back when broadband suddenly surged in popularity.

A lawyer’s view of life insurance for the business owner – A wise investment?

Wed, 03 Jun 2009 06:43:52 -0400

TechLaw: Believe it or not, life insurance can be a great investment – for your business as well as your beneficiaries. However, like any investment, it requires periodic reviews and adjustments.

'Mobile Future - The World is Going Mobile' event set for Raleigh

Wed, 03 Jun 2009 07:26:06 -0400

The latest trends in wireless, including Cisco's 4G network, Lenovo's wireless netbooks, mobile TV from News Over Wireless and applications in law enforcement are on the agenda for the tech briefing. Washington-based Mobile Future is putting on the event.

NetApp makes new bid higher than EMC for Data Domain

Wed, 03 Jun 2009 08:10:04 -0400

Data storage company EMC Corp. is offering $30 per share, or $1.8 billion, for Data Domain Inc., one-upping a rival bid for the backup system provider from rival NetApp Inc.

New treatments emerge for fatal, common aneurysms

Wed, 03 Jun 2009 05:17:00 -0400

About 200,000 Americans are diagnosed annually with an abdominal aortic aneurysm – a relatively common condition that can be deadly if untreated.

FTC clears GSK's $3B buyout of Stiefel Labs

Wed, 03 Jun 2009 08:04:05 -0400

Federal regulators on Tuesday cleared British drugmaker GlaxoSmithKline's $3 billion takeover of U.S. dermatology business Stiefel Laboratories Inc.

Yellow pages publisher Donnelley receives initial court support for bankruptcy

Tue, 02 Jun 2009 10:12:58 -0400

{{a href="external_link-4234352"}}R.H. Donnelley{{/a}} is continuing to operate “without interruption” and employs are going to be paid “as normal” now that the company has received initial bankruptcy protection from a federal court in Delaware.

N.C. Senate passes tax incentive bill that reportedly targets Apple

Tue, 02 Jun 2009 09:38:26 -0400

North Carolina’s Senate passed by an overwhelming margin, 40-8, Monday night {{a href="external_link-5260499"}}a bill that would grant millions in tax incentives{{/a}} for an unnamed company to invest $1 billion in a new facility for North Carolina.

Southern Capitol VCs ready to meet with entrepreneurs June 3, 11

Tue, 02 Jun 2009 08:59:42 -0400

Entrepreneurs seeking financing or some counsel from an investor’s point of view have opportunities to meet face-to-face with {{a href="external_link-2886176"}}Southern Capitol Ventures{{/a}} in Raleigh and Atlanta.

GlaxoSmithKline strikes potential $1B drug deal with Massachusetts startup

Tue, 02 Jun 2009 12:41:51 -0400

Drug giant will invest $16.7 million in Concert and make another $18.3 million in upfront payments. GSK also agreed to royalties and milestone payments linked to product development.

Epic's next leg of game empire builds on Orson Scott Card's legacy

Tue, 02 Jun 2009 11:55:08 -0400

On Monday in Los Angeles, Epic's irrepressible Cliff "Cliffy B" Bleszinki took the stage to tout "Shadow Complex." The game will debut on the Xbox LIVE Arcade in July.

Bad news for entrepreneurs: Venture capital firms correcting valuations

Tue, 02 Jun 2009 08:09:55 -0400

The Angel Connection: Entrepreneurs of start-ups that are going for their first venture round should expect valuations that track consistently from the last two quarters. Unfortunately, this is a bad time to have to go out to raise later stage VC money.

N.C.'s information technology job market up slightly in April

Mon, 01 Jun 2009 14:42:08 -0400

IT openings increase for the second straight month, SkillProof and NCTA report. The market "seems to have reached its bottom," but demand is "likely to stay flat."

Wisconsin firm wins a bidding war for etrials at $18M; clinical trial firm will remain in Morrisville

Mon, 01 Jun 2009 11:53:29 -0400

Merge Healthcare strikes a deal for electronic clinical trials services provider at $3 million more than recently announced sale to another firm.

INC Research to acquire later-phase clinical trials business unit for $50M

Mon, 01 Jun 2009 11:07:05 -0400

Deal adds 800 employees, expands geographic reach of Raleigh-based life sciences services firm.

In RTP's golden year, social media to help spread its success story

Mon, 01 Jun 2009 09:58:14 -0400

Research Triangle Foundation President Rick Weddle plans to tout the Triangle success story at a global conference with tweets, YouTube, blog posts and more.

Report: Former Nortel execs want to buy bankrupt telecom gear maker

Mon, 01 Jun 2009 07:37:12 -0400

According to Ottawa Citizen, a former Nortel president and his allies are looking for $1 billion to buy Nortel.