Business & Economy



Pharmaceutical giant GlaxoSmithKline eliminated 900 jobs yesterday.

Image of GlaxoSmithKline headquarters in west London.
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.

Pittsboro, NC mayor Bill Terry at Chatham Park groundbreaking.
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.

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.

Frost design
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.”

North Carolina will be missing out on $51 billion from Mediciad because they chose not to expand coverage.

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.

Chatham Park
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.

Sharing economy illustration
North Carolina General Assembly

North Carolina lawmakers are taking their first look at how to regulate networks of individuals who buy and sell services between each other, a billion-dollar global industry that already operates in dozens of cities across the state.

One of the peer-to-peer economy’s biggest exponents, Airbnb, accounts for about 2,700 residential rental listings across North Carolina, and drivers who pick up passengers with their personal cars using the application Uber operate in ten cities here.

Joanne Abel
Leoneda Inge

Durham-based Self Help Credit Union is celebrating 30 years of community and financial service.

Self Help Credit Union officially opened for business in 1984 and has earned a reputation for serving the underserved.

Joanne Abel and her partner were the first to secure a home loan.  Abel remembers her home on Driver Street in East Durham, like it was yesterday.

Unemployment lines

The U.S. Department of Labor has waived an anticipated federal unemployment tax increase on North Carolina businesses, as the state continues to pay millions it borrowed from the federal government to pay for state insurance benefits. 

The waiver reduces employers’ tax hike for the 2014 tax year up to $65 per employee, or about $180 million collectively for employers across the state, officials said.