Updated 7:37 a.m. today

Premium Lock Salix stock sags despite merger deal that boosts drug pipeline, lowers tax rate

If investors are fretting, it could be because Salix shareholders will be on the hook for taxes they weren't expecting to pay. The company notes in its securities filings that the conversion of Salix stock into Salix plc stock is considered a taxable event, meaning all Salix shareholders will owe taxes when the deal closes even if they don't sell their shares. Learn more about the deal.

Salix Salix

3:47 p.m. today

FTC sues Amazon over kids' app charges

Amazon.com The Federal Trade Commission is suing Amazon over charges that the company has not done enough to prevent children from making unauthorized in-app purchases, according to a complaint filed Thursday in federal court.

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2:52 p.m. today

FDA halts clinical trial of Regado Biosciences clotting drug

Regado The clinical hold follows Regado's July 2 announcement that it would voluntarily stop its trial of Revolixys Kit after the Data Safety Monitoring Board started an unplanned review of the data from the study.

10:39 a.m. today

Chinese hackers hit U.S. personnel networks

Network security Chinese hackers broke into the computer networks of the U.S. Office of Personnel Management earlier this year with the intention of accessing the files of tens of thousands of federal employees who had applied for top-secret security clearances, according to The New York Times.

Tags: Internet
7:49 a.m. today

Friday deadline to apply for SEBIO pitch slots

SEBIO 2014 The extended deadline for signing up to present at SEBIO closes at 11:59 p.m. Friday, July 11. If your company is among those subsequently picked by a panel of judges, you'll have a chance to determine if the "price is right" from interested investors at the Forum when it's held November 11 to 13 at the W Hotel Midtown Atlanta.

Updated 7:25 a.m. today

PC shipment slump bottoms out, Lenovo still No. 1

A two-year slump in personal computer sales ended in the second quarter, helped by improving demand in developed markets like North America and Europe.

Lenovo's T540p notebook computer Lenovo's T540p notebook computer

7:21 a.m. today

Goodnight, Triangle business leaders call for immigration reform

Several Triangle business leaders, including SAS CEO Jim Goodnight, participated in the National Day of Action on Wednesday, as groups nationwide called on Congress to push forward on stalled immigration reform measures.

Jim Goodnight Jim Goodnight

7:14 a.m. today

Samsung faces fresh child labor claim in China

Samsung Galaxy S4 Samsung is facing a fresh accusation that one of its China suppliers hired children to meet production targets during a period of high demand from the South Korean electronics giant.

6:58 a.m. today

Premium Lock Five startup concepts we need to teach right now: Part 2

What are the key issues to teach people if they want to launch a startup that is successful? From classrooms to the real world, entrepreneurs of all ages need help in learning how. WRAL TechWire Insider Joe Procopio, a veteran of several startups himself, offers advice on what can be done to strengthen startup education in the second of a two-part report.

Building startups Building startups

11:50 a.m. yesterday

Lumberton nonprofit among 5 charities chosen by Google to create for Glass

Miles to a Cure was chosen from among 1,300 proposals. The Lumberton nonprofit gets a pair of Google Glasses and a $25,000 grant plus support from developers.

Glasses of future? How 'Glass' looks to wearer Glasses of future? How 'Glass' looks to wearer

9:20 a.m. yesterday

Salix to merge with Ireland unit of Cosmo Pharma in stock deal

Salix Pharmaceuticals (NASDAQ:SLXP) is merging with a subsidiary of Italian drug company Cosmo Pharmaceuticals in a deal that brings Salix new drug products and also reduces the Raleigh company's taxes.

Salix Salix

8:09 a.m. yesterday

bioMerieux breaking ground on $48M Durham expansion

Medical diagnostics company bioMerieux is expanding manufacturing at its U.S. headquarters in Durham with a $48 million project expected to add 44 new jobs at the facility.

bioMerieux logo bioMerieux logo

7:41 a.m. yesterday

Forgotten vials of smallpox found in NIH storage room

A government scientist cleaning out an old storage room at a research center near Washington made a startling discovery last week - decades-old vials of smallpox packed away and forgotten in a cardboard box.

Forgotten Smallpox Forgotten Smallpox

Updated 7:29 a.m. yesterday

Apple plans new Catawba County solar farm

Apple expects to invest $55 million to develop the 100-acre, 17.5 megawatt solar farm, which would become Apple's third solar farm in Catwaba County.

Apple     Apple

Tags: Solar, Apple
6:45 a.m. yesterday

NY reaches price limit deal with car service Uber

Uber The car service Uber has agreed to limit prices during emergencies, natural disasters or other unusual market disruptions consistent with New York's law against price gouging, the company and state attorney general said Tuesday.

6:40 a.m. yesterday

TechLaw: Dust off your existing trusts

Ward and Smith, P.A. TechLaw: Rising federal estate tax exemptions are providing you an opportunity to reconsider your existing trusts to determine whether a trust termination may provide an income tax benefit to your trusts' ultimate beneficiaries.

Tags: TechLaw
6:30 a.m. yesterday

Premium Lock Charlotte solar firm GED acquired by Westinghouse Solar

Solar energy Solar energy developer Green Earth Developers (GED) has been acquired by CBD Energy Limited (NASDAQ:CBDE), an Australian energy company that does business in the United States as Westinghouse Solar.

4:03 p.m. Tuesday

Big data helps patients participate in health research, Duke study says

Big Data New technologies including wearable monitors will offer up an abundance of new information - big data - that will transform how patients view and even participate in their own care health care, a Duke study says.

2:07 p.m. Tuesday

Microsoft retail store to open at Streets of Southpoint

Microsoft The grand opening of Microsoft's first North Carolina retail store is scheduled for Aug. 21 at the Streets of Southpoint in Durham.

Tags: Microsoft
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