Viamet Pharmaceuticals scrapped its plans for a $75 million IPO on Tuesday. Instead, the Triangle-based company raised $60 million in new capital. At the same time Viamet named former Glaxo CEO Bob Ingram as its chairman and spun off a new venture focused on prostate cancer.
Apple has posted a new security warning for users of its iCloud online storage service amid reports of a concerted effort to steal passwords and other data from people who use the popular service in China.
Best of TechWire Insider
Venture Atlanta puts on quite a show for entrepreneurs, investors - and a crowd of lawyers. Unfortunately, the event includes a promising startup - Groundfloor - which relocated its HQ to Atlanta from Raleigh. Jim Roberts, executive director of the Center for Innovation and Entrepreneurship at UNC-Wilmington, offers this exclusive take on the VC showcase.
Shares in LED manufacturer Cree plunged 10 percent to a 52-week low under $30 after its quarterly earnings report Tuesday. Not even news that Cree plans to introduce a new LED bulb dissuaded investors from dumping shares.
Jim Goodnight runs the world's largest privately held software company with more than $3 billion in revenues and operations from China to Latin America. Yet the billionaire founder of SAS continues to invest in jobs and in facilities at the company's Cary headquarters. On Tuesday, he unveiled the latest building - a massive structure named "Q" - and he talked about more jobs. So why build in N.C.? There are many reasons, perhaps none more than old-fashion loyalty.
Thousands of jobs were on offer Tuesday at the North Carolina Technology Association's job fair.
Tens of thousands of doses of experimental Ebola vaccines -including one from GlaxoSmithKline - could be available for "real-world" testing in West Africa as soon as January as long as they are deemed safe, a top World Health Organization official said Tuesday.
Google's music-subscription service will try to anticipate its listeners' mood swings as it amplifies its competition with Pandora, Spotify and other popular services that play tunes over the Internet.
In a conference call to discuss IBM's earnings report that missed Wall Street expectations and triggered an 8 percent drop in Big Blue shares as well as the company's decision to pay Globalfoundries $1.5 billion to take over its chip unit, chairman and CEO Ginny Rometty says she remains committed to the "reinvention" of the company. Read what she had to say in her own words.
Dr. Joseph DeSimone's academic resume just keeps getting more impressive. So, too, does his entrepreneurial record. In an exclusive Q&A, the inventor-entrepreneur-academic talks about his new 3D printing technology venture in Silicon Valley and Monday's announcement that he is now part of the Institute of Medicine as well as academia's other big two (Engineering, Sciences). As DeSimone signs every email: "La vita e bella."
More than 2,000 high-tech positions will be available at the "Come Tech Out" jobs fair on Tuesday morning in Raleigh. A who's who list of Triangle technology companies and others are looking to fill scores of openings across a wide range of skill sets and experience levels.
Red Hat-SAP mobile deal; Microsoft CEO earns $84M; LabCorp's new HIV test; NC falls to 3rd in biz climate; Honda Aircraft expands
In today's Bulldog wrapup of life science and technology news: Red Hat and SAP partner in the cloud; Microsoft's CEO earns $84 million pay package; LabCorp launches new HIV test; North Carolina slips in a business climate survey; and Honda Aircraft keeps growing in the Triad.
The iPhone again proved to be the engine behind Apple's blockbuster financial performance, driving quarterly results well past expectations. Excitement for the new iPhone 6 and 6 Plus models sparked sales of 39.3 million iPhones in the last quarter -- a record for the months of July through September -- and made up for more disappointing sales of the company's iPad tablets.
RDU had called Uber and fellow ride-sharing service Lyft illegal taxis, handing out more than 100 trespassing citations to drivers in recent months.
IBM will make payments to privately held chipmaker Globalfoundries over three years totalling $1.5 billion, but it will take a $4.7 billion charge in the third quarter. Big Blue also released its earnings report, which fell short of Wall Street expectations. Shares quickly fell 8 percent.
IBM is shedding workers faster than trees drop leaves. More than 7,000 in the x86 server sale to Lenovo. Thousands more in giving away - yes, literally giving away with a $1.5 billion cash bonus - by dumping its chip business. And coming next? A $600 million resource action. In other words, more layoffs. One thing is clear: As IBM reported a drop in revenue for the 10th consecutive quarter its management is doubling down on more, rapid changes.
Analysis: The sales of lower-value and less-profitable product lines such as its semiconductors and X86 servers are a key step in IBM's transformation to a provider of higher-value hardware, software and services. Furthermore, IBM has identified the strategic growth areas of cloud, big data and analytics, security, social and mobility to better serve customers' evolving IT needs. These technologies are the focus of IBM's investment strategy and continue to be the strongest performing pieces of the company's solutions portfolio, writes Stephen Belanger of Technology Business Research.