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The company will build a new bioagriculture research and development facility in Cary. The company said it will invest $36 million over the next three years and create 100 new jobs at the facility. Salaries will start at $70,000.
Opinion: Oculus, the latest technology startup to be acquired for billions of dollars, was based not in Silicon Valley but in Irvine, Calif. Snapchat, which is rumored to be worth billions, is based in Los Angeles. The Los Angeles area is a good place to live and has great weather, but it has no real advantage as a technology center. These companies could have been based anywhere with equal success. You can't predict which technology hub the next Oculus will come from--or whether it will be a hub at all. Anyone anywhere--whether in an incubator, garage or tent--can now build world-changing technology.
ExitEvent news: Durham School Board has joined a growing national movement to get entrepreneurs involved in education. ExitEvent's Laura Baverman reports in this latest story that is part of the news partnership between WRALTechWire and ExitEvent.
Plans for pharmaceutical giants Novartis, GlaxoSmithKline and Eli Lilly to swap business lines may have shaken up the stock market Tuesday, but work at a Novartis flu vaccine plant in Holly Springs hummed along, and local officials said they expect it to remain that way.
Microsoft is expanding a program that gives schools the ability to prevent ads from appearing in search results when they use its Bing search engine. The program, launched in a pilot program earlier this year, is now available to all U.S. schools, public or private, from kindergarten through the 12th grade.
Cree Chairman and CEO Chuck Swoboda drops hints in a conference call with Wall Street analysts that the global LED manufacturer and developer is looking for deals. Nothing is imminent, he says, but "we're starting to look" at possible deals "more seriously."
Although customers in the installment plan, called Next, aren't locked into traditional two-year service contracts, they pay the entire cost of phones in installments. As a result, AT&T doesn't have to pay hundreds of dollars per customer in subsidies. In return, customers can get a new phone as often as every year instead of every other year.
Grappling with fast-changing technology, Supreme Court justices debated Tuesday whether they can protect the copyrights of TV broadcasters to the shows they send out without strangling innovations in the use of the internet.
MCNC, the operator of the statewide North Carolina Research and Education Network, is adding capabilities to its own fiber and data infrastructure in a deal with Durham-based Sentinel Data Centers.
While IBM didn't announce any more job cuts during a conference call last week to discuss its latest earnings, unions representing IBMers overseas and Alliance@IBM, which wants to unionize workers in the U.S., met in Europe to discuss strategy. They agreed on a series of "demands" that call for Big Blue to "protect" its "loyal work force."
Sarah Bill, writing for ExitEvent, reports about the efforts of two NCSU students' startup that provides pre-registered designated student drivers. This is the latest post that is part of the news partnership between WRALTechWire and ExitEvent.
The move comes amid rapid growth in online video services. AT&T, a telecoms giant, already offers TV content through its U-Verse service, which competes with more traditional cable TV providers. With online video, though, it could attract customers of Netflix, Hulu, YouTube and other services - including people who've stopped paying for traditional broadcast, cable or satellite TV.
GSK's top executive Andrew Witty says the multiple deals announced early Tuesday with Novartis promise to deliver "broadly sustainable sourced sales growth and improve long-term earnings."
Two drug giants with major operations in the Triangle, Novartis and GlaxoSmithKline, are swapping businesses in two major deals. Meanwhile, Novartis plans to sell its huge Holly Springs plant in a separate deal and also strikes an agreement to sell its animal health business to Eli Lilly. No layoffs are planned, Novartis says.
Drug giants Novartis and GlaxoSmithKline each offered investors online presentations that spell out graphically how the deals announced Tuesday will affect each company. Here's a look at three key slides from the Novartis presentation.
Drug giants GlaxoSmithKline and Novartis each offered investors online presentations that spell out graphically how the deals announced Tuesday will affect each company. Here's a look at three key slides from the GSK presentation.
TransEnterix, which is developing an innovative robotic surgery platform, completed its move to the NYSE MKT, launched its first "advanced energy flexible instrument," and is ready to take on industry leaders. But CEO Todd Pope says one of his biggest challenges early-on was convincing investors he could build the firm in the Research Triangle.