Business & Economy

Business & Economy
5:35 pm
Mon December 8, 2014

Chapel Hill Doctor Among Those Dead In Maryland Plane Crash

Michael J. Rosenburg, CEO of Health Decisions in Durham.
Credit Health Decisions

Multiple outlets are reporting Triangle doctor Michael J. Rosenberg is among the six victims of a plane crash in Maryland on Monday.

The plane was registered to Sage Aviation, of Chapel Hill, which is owned by Rosenberg. Rosenberg is the CEO of Health Decisions, a pharmaceutical company in Durham. Triangle Business Journal named him a 2013 Health Care Hero:

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Business & Economy
6:35 pm
Fri December 5, 2014

Think All Businesses In RTP Are Huge? Think Again

One of RTP's smaller businesses, AgBiome, does work with stinkbugs.
Credit Patrick Coin / Flickr/Creative Commons

The largest research park in North America sits in the middle of North Carolina.  And this week, one of Research Triangle Parks' largest tenants – GlaxoSmithKline – announced it’s laying off 900 employees.

The trend over the past decade shows a major shift away from relying on big multi-national companies with sprawling campuses in favor of smaller operations.

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Business & Economy
5:54 pm
Thu December 4, 2014

Charlotte, NC: Take A Virtual Ride On The World's Tallest, Fastest Giga Rollercoaster (Video)

Artist rendering
Credit carowinds.com

Parts of the Fury-325 rollercoaster stand 20-feet taller than the Statue of Liberty. It took 400 trucks to haul the pieces to Carowinds in Charlotte, NC, and the critical "hill" was completed this week.

When the coaster opens this spring it will be the tallest and fastest of its kind in the world, reaching speeds of an astonishing 95 mph. What will the ride be like? Take a look:

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The State of Things
12:12 pm
Thu December 4, 2014

What GSK Layoffs Mean For Pharma In North Carolina

Credit GlaxoSmithKline

    

Pharmaceutical giant GlaxoSmithKline eliminated 900 jobs yesterday.

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The State of Things
12:07 pm
Wed December 3, 2014

RTP Affected As GlaxoSmithKline Cuts 900 Jobs

Pharmaceutical leader GlaxoSmithKline is expected to announce a major reorganization effort that could impact jobs in the Triangle.
Credit Flickr/Ian Wilson

    

Pharmaceutical player GlaxoSmithKline is laying off hundreds of workers in its American facilities, and the bulk of these job cuts are in Research Triangle Park.

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Business & Economy
3:09 pm
Tue December 2, 2014

Developers Break Ground on Chatham Park

Pittsboro, NC mayor Bill Terry at Chatham Park groundbreaking.
Credit Chatham EDC via Twitter

Construction of the 7,000+ acre development that plans to greatly expand the size and population of Pittsboro began this week with a UNC Health Care facility.

Developers announced the groundbreaking Tuesday. The 25,000 square-foot medical plaza is the first building to go up in Chatham Park. While UNC hasn't said what services the building will provide specifically, it's expected to house specialists.

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The State of Things
11:54 am
Mon December 1, 2014

Pat Nathan Hands Down Her Corporate Success

Pat Nathan
Credit Pat Nathan

  

As a chemist in the 1970s, Pat Nathan was quite often the only woman in the room.

She remained one of the only women in the room as she rose through the rankings at the Dell computer company during the dot-com bubble. She entered the industry at a time when it was grappling with how to dispose of computer waste responsibly.

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Business & Economy
8:31 am
Mon December 1, 2014

Agency Will Help North Carolinians Cover High Heating Bills Ahead

Utilities are expecting high energy bills in the face of another cold winter. DSS is helping people sign up for help paying their heating bills.
Credit RachelEllen via Flickr/Creative Commons

Forecasters are predicting another cold winter. 

The North Carolina Division of Social Services is accepting applications for the state's Low Income Energy Assistance Program.

Director Wayne Black says it's meant to help seniors, veterans and people with disabilities pay their heating bills.

“Demand is there every year for these programs, and we expect that to be the same this coming years as well,” Black said. “Obviously, how cold the winter is would have some impact as well in terms of persons coming in.”

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Business & Economy
5:00 am
Wed November 26, 2014

Charitable Giving 'Drastically' Down In North Carolina

Credit http://eofdreams.com/money.html

A new report from the Secretary of State’s office shows charitable giving in North Carolina is drastically down. 

Latest numbers show giving at nearly $21.5 million dollars.  That’s down by more than $10 million dollars from the year before.

Secretary of State Elaine Marshall says she’s not surprised the economy continues to have an effect on donations to charities and non-profits.  But she is disappointed solicitors are hauling in a bigger chunk of the money.

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Business & Economy
5:00 am
Mon November 24, 2014

7,000 Acre Chatham Park Seeks Rezoning

Credit Sasaki Associates

The developers of the 7,000 acre Chatham Park project have submitted a rezoning request to the town of Pittsboro, NC. Months after the initial zoning approval, the developers have acquired a few tracts of land that add up to about 45 news acres.

According to Tim Smith of Preston Development, every time they add new land to the project, the whole lot will need to go through a rezoning process. He says this does not put the project on hold, because it can continue to operate under the old zoning until the zoning is confirmed.

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